# Top 50 Impact VC (Venture Capital) Funds in Belgium in June 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Limburgse Reconversie Maatschappij | 6 | Belgium, United States, The Netherlands | Seed, Series A | Information Technology, Software, Biotechnology |
| Innovation Fund | 5 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Information Technology |
| Gemma Frisius Fund | 4 | Belgium, France, United Kingdom | Seed, Series B, Series A | Biotechnology, Health Care, Medical |
| PMV | 3 | Belgium, United States, The Netherlands | Series A, Seed | Software, Biotechnology, Health Care |
| Gimv | 3 | Belgium, United States, France | Series B, Series A | Biotechnology, Health Care, Medical |
| Finance.Brussels | 2 | Belgium, France | Seed, Series A | Software, Information Technology, Internet |
| ABB Ventures | 2 | United States, United Kingdom, Canada | Series B, Series A | Software, Energy, Robotics |
| WE International | 2 | Belgium, United States, Germany | Series A, Seed | Energy, Health Care, Solar |
| Elia Group | 2 | Belgium, Germany, Macedonia | Seed, Series A, Private Equity | Energy, Solar, Software |
| LeanSquare | 2 | Belgium, France, United States | Seed, Series A | Software, Music, Information Technology |
| Nuhma | 2 | Belgium | Seed, Series A | Battery, Software, GreenTech |
| Meusinvest (Noshaq) | 2 | Belgium, France, Germany | Series A, Seed | Biotechnology, Health Care, Medical |
| Flanders Innovation and Entrepreneurship (VLAIO) | 2 | Belgium, Israel, Germany | Grant, Pre-Seed, Seed | Biotechnology, Health Care, Software |
| Korys | 2 | Belgium, The Netherlands, Germany | Series B, Series A | Biotechnology, Renewable Energy, Information Technology |
| Seeder Fund | 2 | Belgium, Luxembourg, France | Seed, Pre-Seed, Series A | Software, Information Technology, SaaS |
| Qbic Fund | 2 | Belgium, The Netherlands | Seed, Series A | Biotechnology, Software, Health Care |
| Montan-Ventures-Saar | 1 | Germany, Sweden, Belgium | Seed | Software, Internet of Things, Sales |
| AFI Ventures | 1 | France, Belgium, Germany | Seed, Pre-Seed, Series A | GreenTech, Health Care, Environmental Consulting |
| Alychlo | 1 | Belgium, United States | Series D, Series E | CRM, Energy, Medical |
| Nivelinvest | 1 | Belgium, United States | Series A, Seed | Biotechnology, iOS, Sports |
| General Motors Ventures | 1 | United States, Canada, Israel | Series C, Series A | Automotive, Software, Energy |
| Kima Ventures | 1 | France, United States, United Kingdom | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| PMV Tina Fund | 1 | Belgium, Switzerland, The Netherlands | Series A, Series D, Series E | Manufacturing, Eyewear, Printing |
| imec.istart Future Fund | 1 | Belgium, United Kingdom | Seed, Pre-Seed, Series A | Satellite Communication, Software, Health Care |
| Ark Angels Activator Fund | 1 | Belgium | Series A, Seed | Software, Information Technology, SaaS |
| Climate Club | 1 | France, Belgium, Germany | Seed, Pre-Seed | Renewable Energy, Software, Manufacturing |
| Eutopia VC | 1 | France, Belgium, Denmark | Seed, Series A | Retail, E-Commerce, Food and Beverage |
| invest.bw | 1 | United States | Seed | Health Care, Neuroscience |
| Seed Capital Bizkaia | 1 | Spain, Mexico, Belgium | Seed, Series A | Software, Biotechnology, Manufacturing |
| Spri | 1 | Spain, Belgium | Seed | Automotive, Clean Energy, Embedded Software |
| Aperam Ventures | 1 | Belgium | Pre-Seed | CleanTech, Manufacturing, Renewable Energy |
| Gesval | 1 | Belgium | Seed, Series C | Medical, Software, Wellness |
| Noshaq | 1 | Belgium | Pre-Seed | Battery, Electric Vehicle, Charging Infrastructure |
| H&M Foundation - Global Change Award | 1 | Belgium | Pre-Seed | Fashion, CleanTech, GreenTech |
| Otium Capital | 1 | France, Spain, United States | Seed, Series A | Software, Health Care, E-Commerce |
| AXE Investments N.V. | 1 | Belgium |  | Energy, Recycling, Clean Energy |
| Chroma Impact Investment | 1 | Belgium | Series A | Drones, Software, Aerospace |
| S.R.I.W. | 1 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| AMAVI Capital | 1 | France, Sweden, Spain | Series A, Seed | Real Estate, Information Technology, Software |
| Entourage | 1 | Belgium, Spain, United States | Seed, Pre-Seed | SaaS, Software, Information Technology |
| PDENH | 1 | The Netherlands, Belgium | Seed, Series A | Energy, Manufacturing, Renewable Energy |
| Airborn | 1 | Belgium, United States | Pre-Seed | Software, CleanTech, GreenTech |
| Lune Ventures | 1 | Belgium | Pre-Seed | CleanTech, Manufacturing, Renewable Energy |
| Ventech | 1 | France, Germany, United States | Series A, Series B, Seed | Software, E-Commerce, Internet |
| DDM Holding AG | 1 | Belgium | Pre-Seed | Waste Management, Information Services, Supply Chain Management |
| QBIC II | 1 | Belgium | Series B, Series A | Industrial, Construction, Biotechnology |
| Delaware | 1 | Belgium | Seed, Pre-Seed, Venture - Series Unknown | SaaS, Software, Waste Management |
| Lean FUND | 1 | Belgium, United States, France | Seed, Series B | Internet, Apps, Software |
| Creos Luxembourg | 1 | Belgium | Series C | Renewable Energy, Intelligent Systems, Electrical Distribution |
| Innogy Venture Capital | 1 | Germany, Sweden, United States | Series A, Series B | Energy, CleanTech, Renewable Energy |