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Top 50 Internet VC Funds & Investors in Belgium (June 2026)

The most active venture capital funds investing in Belgium Internet startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium Internet startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Volta Ventures
VC Fund
10 Belgium, The Netherlands, United States Seed, Series A Software, Information Technology, Artificial Intelligence $549k–$10M
PMV
VC Fund
9 Belgium, United States, The Netherlands Series A, Seed Software, Biotechnology, Health Care $549k–$40M
Ark Angels Activator Fund
VC Fund
8 Belgium Series A, Seed Software, Information Technology, SaaS $932k–$7.4M
S.R.I.W.
VC Fund
6 Belgium, United States, Spain Series A, Series B Health Care, Biotechnology, Manufacturing $411k–$75M
LeanSquare
VC Fund
6 Belgium, France, United States Seed, Series A Software, Music, Information Technology $200k–$12M
WING by Digital Wallonia
VC Fund
6 Belgium Seed, Convertible Note, Series A Software, Health Care, SaaS $219k–$11M
SmartFin
VC Fund
5 Belgium, The Netherlands, Turkey Series A, Series B Software, SaaS, Information Technology $3M–$30M
Inventures SA
VC Fund
5 Belgium, France, United Kingdom Series A, Seed Health Care, Biotechnology, Manufacturing $82k–$13M
Newion
VC Fund
5 The Netherlands, Belgium, Germany Series A, Seed Software, SaaS, Information Technology $796k–$7.5M
Sambrinvest
VC Fund
5 Belgium, France, Spain Seed, Series A, Series B Biotechnology, Health Care, Medical $411k–$57M
Angelwise
VC Fund
5 Belgium, The Netherlands Seed, Pre-Seed Software, SaaS, Information Technology $521k–$3M
Big Bang Ventures
VC Fund
4 Belgium, The Netherlands, United States Series A, Series B Software, Cloud Computing, Apps $1M–$9M
Belfius Bank
VC Fund
4 Belgium, France, The Netherlands Debt Financing, Seed, Series A Software, SaaS, Health Care $291k–$382M
Limburgse Reconversie Maatschappij
VC Fund
4 Belgium, United States, The Netherlands Seed, Series A Information Technology, Software, Biotechnology $494k–$11M
E-Merge
VC Fund
4 United States, Belgium, Spain Seed, Series A Software, SaaS, E-Commerce $213k–$25M
Meusinvest (Noshaq)
VC Fund
3 Belgium, France, Germany Series A, Seed Biotechnology, Health Care, Medical $137k–$16M
Seeder Fund
VC Fund
3 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $219k–$8M
Finance.Brussels
VC Fund
3 Belgium, France Seed, Series A Software, Financial Services, Information Technology $1.5M–$7M
Qbic Fund
VC Fund
3 Belgium, The Netherlands Seed, Series A Biotechnology, Software, Health Care $868k–$47M
Capricorn Partners
VC Fund
3 Belgium, United States, The Netherlands Series A, Series B Biotechnology, Software, Health Care $3.3M–$42M
The Faktory Fund
VC Fund
3 Belgium, France, United States Seed, Pre-Seed Software, Analytics, Information Technology $1.1M–$4.4M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
3 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $200k–$3.2M
QuaeroQ
VC Fund
3 Belgium Series A GovTech, CivicTech, Communities $768k–$2.2M
Saffelberg Investments
VC Fund
3 Belgium, Australia Series A, Seed Software, Information Technology, IaaS $2.7M–$4.4M
Lean FUND
VC Fund
3 Belgium, United States, France Seed, Series B Internet, Apps, Software $66k–$384k
Hummingbird Ventures
VC Fund
3 United States, Turkey, United Kingdom Series A, Seed, Series B Software, Financial Services, FinTech $828k–$58M
Spreds
VC Fund
2 Belgium, France Series A, Seed, Series B E-Commerce, Health Care, Online Portals $165k–$2.5M
Industrya
VC Fund
2 Belgium, France Seed Industrial, B2B, SaaS
Investsud
VC Fund
2 Belgium, France Series A, Seed, Series B Biotechnology, Medical, Health Care $3M–$30M
Innovation Fund
VC Fund
2 Belgium, France, Luxembourg Seed, Series A Health Care, Manufacturing, Information Technology $329k–$5.8M
Peak
VC Fund
2 The Netherlands, Germany, Sweden Seed, Pre-Seed Software, SaaS, Information Technology $549k–$5M
Buysse & Partners
VC Fund
2 Belgium, United Kingdom, The Netherlands Series A, Seed Software, Cloud Computing, FinTech $1.1M–$11M
Brustart
VC Fund
2 Belgium Seed, Series A Big Data, Internet, Software $439k–$932k
Zero Prime Ventures
VC Fund
2 United States, United Kingdom, The Netherlands Seed, Series A, Pre-Seed Software, Artificial Intelligence, Machine Learning $497k–$31M
KBC Focus Fund
VC Fund
2 Belgium, The Netherlands, France Seed, Series A Semiconductor, Manufacturing, Electronics $1.2M–$17M
Pitchdrive
VC Fund
2 Belgium, United Kingdom, Spain Pre-Seed, Seed, Series A Software, SaaS, Artificial Intelligence $110k–$4.8M
KPN Ventures
VC Fund
2 The Netherlands, United States, Belgium Series A, Series B, Seed Software, Information Technology, SaaS $900k–$60M
Fortino Capital
VC Fund
2 Belgium, The Netherlands, Germany Series A, Seed Software, Information Technology, SaaS $2M–$17M
TA Capital
VC Fund
2 Germany, United States, Israel Seed, Series A Software, SaaS, Internet $100k–$7M
Yaletown Partners
VC Fund
2 Canada, United States, Belgium Series A, Series B, Seed Software, Manufacturing, Enterprise Software $603k–$31M
Pamica NV
VC Fund
2 Belgium, Germany, United States Seed, Series A FinTech, Finance, Financial Services $1.1M–$8.8M
Securex
VC Fund
2 Belgium Seed Q&A, SaaS, EdTech
Fidimec
VC Fund
2 Belgium Series A, Seed Industrial, Semiconductor, Medical $2.2M–$7.7M
Point Nine
VC Fund
2 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $900k–$53M
European Commission
VC Fund
2 France, Spain, Germany Grant, Seed, Pre-Seed Software, Health Care, Biotechnology $55k–$50M
Showpad
VC Fund
1 Belgium Seed, Angel SaaS, Internet, Software
Intel Capital
VC Fund
1 United States, China, Israel Series B, Series A, Series C Software, Information Technology, Enterprise Software
Yokogawa Electric Corp.
VC Fund
1 Japan, United States, Spain Corporate Round, Series A Software, Energy, Manufacturing
Beringea
VC Fund
1 United Kingdom, United States, Israel Series A, Series B Software, E-Commerce, SaaS
Blockdaemon
VC Fund
1 United States, Israel, Belgium Seed, Series A Blockchain, Cryptocurrency, FinTech
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Volta Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 10 investments in Belgium Internet startups

Volta Ventures is a venture capital firm that offers seed & early stage VC for internet & software companies in the Benelux.The fund’s team, with active support from some 30 business angels, expects to make a substantial impact on every company it invests in by working with the founders and management to identify new markets andcustomers, hire senior talent, provide ongoing guidance and arrange further financing rounds.Volta Ventures has offices in Ghent and Amsterdam.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 88
  • Round size: Seed $549k–$5.2M; Series A $2.2M–$10M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $72M in 2019

Portfolio highlights

  • Hyperfox — The tailored eCommerce platform for the Wholesales industry. All you ever needed to grow your Wholesales enterprise.
  • Nodalview — Nodalview helps real estate agents deliver cutting edge content and an impressive buying experience for happy and loyal customers.
  • Supplied — Streamlining onboarding and compliance processes for businesses with innovative AI tools and applications
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PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 9 investments in Belgium Internet startups

Do and dare company

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Series A, Seed
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 147
  • Round size: Seed $549k–$4.3M; Series A $2.7M–$40M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
  • RheaVita — Streamline your lyophilization process with RheaVita's innovative freeze-drying technologies, accelerating drug development while ensuring compliance and efficiency. Discover our solutions today.
  • Gorilla — We empower Energy Retailers in pricing, forecasting and reporting with data-driven solutions in boosting speed and flexibility.
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Ark Angels Activator Fund
VC Fund · Hasselt, Limburg, Belgium · 8 investments in Belgium Internet startups

Ark Angels Activator Fund SA is a closed venture capital fund (closed-end private equity investment fund) with a capital of 14.8 M EUR. The Fund is recognized as ARKIV and has obtained the status of Private Privak under Belgian law. The Fund is managed by a management company set up by BAN Vlaanderen VZW, ING Belgium & the two fund managers.The Fund initially acted primarily as a co-investor in investments made by business angels who are members of BAN Vlaanderen, but then also co-invested with other capital providers. It focuses not only on investments in young growth companies, but also on companies in the growth or transfer phase with an operating office in Flanders,

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 20
  • Round size: Seed $932k–$1.6M; Series A $1.2M–$7.4M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Apicbase — Apicbase is a F&B management platform that gives you total visibility of your back of house so you can grow without compromise.
  • waylay — Waylay is a leading Enterprise IT-OT digital unification software company delivering low-code based orchestration, automation and analytics software solutions. Waylay has a passion for supporting enterprises on their IoT automation journey and ensuring it puts all valuable data to work for developers, data scientists and domain experts.
  • Accelleran — Accelleran is pioneering a disruptive approach to the delivery of cost-effective, carrier and mission-critical grade TDD and FDD Small Cell networks through its focus on software quality and partnerships with volume manufacturers.Accelleran provides LTE Small Cell software and LTE Small Cell product solutions which address the real-worldchallenges of volume deployment of Small Cells. We offer turnkey solutions and unique experience on the challenges of integrating cellular technology on low cost, yet powerful platforms and architectures. Accelleran offers its customers solid and dependable system solutions, backed by the support of our unparalleled expertise.Accelleran’s technology is genuinely independent from any HW platform and enables operators to invest once in the integration and validation of a common software base that can be deployed across different segments, platforms and Small Cell architectural approaches to enable a truly integrated HetNet.
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S.R.I.W.
VC Fund · Liège, Liege, Belgium · 6 investments in Belgium Internet startups

The S.R.I.W. Group is an institution at the heart of the financial market that assists entrepreneurs in creating and developing businesses in the Walloon region. It reflects the effort of Wallonian industry in facing the challenges of the creation of economic value in the 21st century. Since its creation in 1979, the Société Régionaled’Investissement de Wallonie has continuously been expanding its abilities to adapt and anticipate as well as its flexibility in order to meet the requirements of its partners who are confronted with the evolution of the world economy. The principles of good governance, a strong business culture and shared values at the heart of the Group constitute important assets to capture the changing realities of the market and progress in a sustainable development perspective.

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Investment focus

  • Industry: Health Care, Biotechnology, Manufacturing
  • Stage:Series A, Series B
  • Geography: Belgium, United States, Spain

Investor stats

  • Total investments: 111
  • Round size: Series A $411k–$31M; Series B $1.6M–$75M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Intressa Vascular — Intressa Vascular provides innovative solutions to address life-threatening cardiovascular conditions such as aortic dissection.
  • Minoryx Therapeutics — Minoryx is focused on the discovery and development of novel treatments for severe, orphan diseases of the central nervous system with high unmet medical need.
  • Santero Therapeutics — This is the homepage of the website
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LeanSquare
VC Fund · Liège, Liege, Belgium · 6 investments in Belgium Internet startups

New Economy Startups Investor & Accelerator

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Investment focus

  • Industry: Software, Music, Information Technology
  • Stage:Seed, Series A
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $200k–$2.5M; Series A $247k–$12M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • CityLegends — A home for urban sports & culture partners of CityLegends. Making the lines.
  • ClimateCamp — Looking for a sustainable way to collaborate with your suppliers on emissions reduction projects? Look no further than our platform - Book a demo for free!
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WING by Digital Wallonia
VC Fund · Liège, Liege, Belgium · 6 investments in Belgium Internet startups

W.IN.G by Digital Wallonia invests in SAAS, advanced tech and deep tech startups (AI, drones, medtech, IOT,...). W.IN.G brings smart money by helping startups by bi-weekly interactions and providing an operating teams (seasonal entrepreneurs being hands-on with the portfolio).

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Convertible Note, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 34
  • Round size: Seed $346k–$1.9M; Series A $1.1M–$11M; Convertible Note $219k–$568k
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • IONNYK — IONNYK is a new medium of art photography, containing millions of tiny ink capsules.
  • MYOCENE — Myocene is a Liège-based sports technology company which creates unique and innovative devices for measuring muscle fatigue and performance.
  • Soil Capital Belgium — Discover Europe's first certified, multi-national carbon farming programme that rewards regenerative agriculture.
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SmartFin
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Belgium Internet startups

Venture capital fund focussing on European B2B technology companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B
  • Geography: Belgium, The Netherlands, Turkey

Investor stats

  • Total investments: 52
  • Round size: Series A $3.2M–$13M; Series B $3M–$30M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: May invest from a new fund soon — raised $281M in 2020

Portfolio highlights

  • Locatee — Locatee is the leading workplace analytics solution that transforms complex data into space utilisation insight. Developed with a strong focus and a deep understanding of the corporate real estate challenges facing the modern world of work, Locatee empowers leaders and managers to make decisions about their business buildings with confidence.Locatee works by leveraging office occupancy data from multiple sources, processing them using unique patented technology, and beautifully visualising them all in one place. With workplace intelligence at fingertips’ length, it’s easy to identify optimisation potential, realise savings, and enhance company’s workplace experience across the entire real estate portfolio.
  • emma — Some meta description
  • CrazyGames — Play free online games at CrazyGames, the best place to play high-quality browser games. We add new games every day. Have fun!
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Inventures SA
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 5 investments in Belgium Internet startups

Inventures is a European venture capital fund that builds a better world through a portfolio of investments in sustainable businesses.The firm has two funds: Inventures I & Inventures II.Inventures was created to support early stage smart and innovative European businesses, to support sustainable job growth and empower entrepreneurs.Inventures empowers citizenship co-investments through a crowdfunding platform, MyMicroInvest.

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Investment focus

  • Industry: Health Care, Biotechnology, Manufacturing
  • Stage:Series A, Seed
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 46
  • Round size: Seed $82k–$2.2M; Series A $411k–$13M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • BiOceanOr — BiOceanOr harnessed the power of Marine Biology and AI to deliver bio-guided services that optimize fish welfare and fish growth, while supporting aquaculture sustainability standards
  • myskillcamp — Myskillcamp is a digital learning platform and educational design support service. Myskillcamp supports their customers in the digital transformation of their company and the launch of their Digital Learning project. From the audit of needs to the design of engaging educational devices, through a pilot phase, they make a point of honor to adapt thedigital to the specificities of each and give it meaning.With their online platform, businesses can manage their learner communities and connect all their partners in one place. Their tool also allows businesses to structure training spaces by skills, trades, brands within camps. In parallel, businesses can create educational content from scratch, select a map in their marketplace, or plan sessions in-class. Businesses can organize the distribution of their training to a single learner or to a whole group.
  • Octave — A sustainable, cost-effective and reliable energy storage system with second-life batteries from electric vehicles.
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Newion
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 5 investments in Belgium Internet startups

Newion is a venture capital firm focused on early-stage investments in B2B software companies. Its mission is to support entrepreneurs in building software companies into category leaders that create sustainable impact, and in doing so generate excellent returns to its investors.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Seed
  • Geography: The Netherlands, Belgium, Germany

Investor stats

  • Total investments: 78
  • Round size: Seed $796k–$6.6M; Series A $1.1M–$7.5M
  • Lead/follow: 51% lead, 49% follow
  • Last fund: Likely still investing — raised $148M in 2022

Portfolio highlights

  • clockin — If you want to track your employees' working hours easily and in a legally compliant manner, clockin is the right choice. The multi-award-winning app reduces paperwork and manual effort to a minimum. The app can be installed on smartphones or as a tablet terminal in just a few minutes. Companies can add their employees just as easily and starttime tracking right away. The timesheets for individual employees, which are required for payroll accounting, are created automatically by clockin. In addition, the clockin app offers further functions, such as the option of a team calendar, requesting absences, tracking time on specific projects, obtaining signatures and thus every manual process is mapped digitally.
  • NjiaPay — Payments-as-a-Service platform that will streamline your operations and elevate your online payments across the African continent.
  • Agileday — Connect your business elements in one tool and manage your entire operations with Agileday. Match sales, projects, and talent together and optimize your business.
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Sambrinvest
VC Fund · Gosselies, Hainaut, Belgium · 5 investments in Belgium Internet startups

Sambrinvest is an active venture capital player in the region of Charleroi - Thuin.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, France, Spain

Investor stats

  • Total investments: 39
  • Round size: Seed $544k–$24M; Series A $411k–$57M; Series B $4.4M–$44M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Sunrise — Sunrise aims to bring simple answers to millions of people suffering from sleep disorders.We have developed a 3-gram sensor to diagnose sleep with gold standard quality. The technology offers a revolutionary new way to measure brain commands at night, with published clinical results never seen before. Studies demonstrate Sunrise is as accurate asin-lab sleep studies, at a fraction of the cost.Affecting one in three people, sleep disorders are extremely common. Sleep apnea is the most prevalent disease with almost 1 billion persons concerned. This condition leads to great body damage over time and yet remains undiagnosed in 80% of the cases.Patients, caregiver and insurers stand to benefit greatly from a solution to current highly cumbersome, expensive and time-consuming diagnostics systems.
  • Vertical Compute — Vertical Compute offers chiplet-based technology that cuts data movement to achieve up to 80% energy savings.
  • Enodia Therapeutics — Enodia Therapeutics pioneers targeted protein degradation at the Sec61 translocon, developing small-molecule therapies for inflammatory and autoimmune diseases.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Angelwise
VC Fund · Hasselt, Limburg, Belgium · 5 investments in Belgium Internet startups

Angelwise Vlaams Investeringsfonds

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, The Netherlands

Investor stats

  • Total investments: 15
  • Round size: Seed $521k–$3M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Pleevi — Pleevi provides smart charging solutions with advanced EMS for EV infrastructure. Load balancing, load scheduling, and energy management to reduce costs by 30%.
  • xyzt.ai — xyzt.ai is a SaaS platform for ANALYTICS, REPORTING and VISUALIZATION of big location data in the Maritime & Ports, Smart City and Logistics industries. EASY & EFFORTLESS
  • Sealution — Sealution is a startup that was founded to improve connectivity on board of merchant vessels to enable IoT solutions.For decades, the maritime sector has been lagging behind in terms of digital innovation due to the impenetrable steel walls below deck that made it impossible for any signal to get to the bridge.At Sealution we are bringing thesector into the 21st century.
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Big Bang Ventures
VC Fund · Antwerpen, Antwerpen, Belgium · 4 investments in Belgium Internet startups

Supporting Exceptional entrepreneurs. We value emotional intelligence as much as data, growing internal culture as much as growing revenue, and forming strong, personal bonds with founders. We recognize patterns where other don't.

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Investment focus

  • Industry: Software, Cloud Computing, Apps
  • Stage:Series A, Series B
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 19
  • Round size: Series A $1M–$2.7M; Series B $6M–$9M
  • Lead/follow: 47% lead, 53% follow

Portfolio highlights

  • Amplidata — From high-performance ingest that powers AI applications and demanding data-intensive workloads, to massive, durable data lakes to fuel AI models, Quantum offers the most comprehensive and cost-efficient data management solutions.
  • Clear2Pay — Clear2Pay is an innovative payments technology company focused on delivering globally applicable solutions for secure, timely and streamlined payments processing. Clear2Pay's Open Payment Framework (OPF) enables financial institutions to improve internal payments processing efficiencies whilst at the same time providing their clients withbetter payment services that are faster, with richer payments related information.Clear2Pay's solutions within the Service- Oriented Architecture (SOA) based Open Payment Framework offer financial institutions the ability to process payments through a centralised payments engine that utilises a library of re-useable business services across all payment types. The bank can thus combine new services models with existing infrastructures, thereby protecting previous investments whilst gradually moving to a more modern efficient payments environment.
  • Racktivity — Racktivity, an innovator in next-generation power, energy and environmental management solutions offers the industry's only integrated hardware and software for critical infrastructures.The DCPM suite, a Service Provider Infrastructure & Data Center Performance Management System, measures, monitors and manages power across distributeddata centres and gives customers full visibility and control of their energy consumption while integrating seamlessly with other applications and PDU appliances.Racktivity's EnergySwitch family of smart Power Distribution Units (PDUs), and sensors equips infrastructures with the most advanced metering, switching and predictive analysis capabilities available on the market today.
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Belfius Bank
VC Fund · Saint-josse-ten-noode, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Belgium Internet startups

Ontdek een bank-verzekeraar dicht bij u: rekeningen, kaarten, kredieten, sparen en verzekeringen. Beheer alles online of in kantoor, volgens uw behoeften.

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Investment focus

  • Industry: Software, SaaS, Health Care
  • Stage:Debt Financing, Seed, Series A
  • Geography: Belgium, France, The Netherlands

Investor stats

  • Total investments: 23
  • Round size: Seed $291k–$1.9M; Series A $768k–$23M; Debt Financing $1.1M–$382M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Alan — Alan provides online digital insurance services focusing on health and wellness. The company offers health insurance services, providing solutions tailored to the needs of different types of businesses. It provides simple and seamless insurance coverage and easy claim handling. It gives access to medical professionals for users to easily andconveniently get medical advice and manage claims and reimbursements.
  • Tinrate — Tinrate is an easy-to-use connection that allows instructors, experts, and artists to be booked and paid immediately for their services. It serves as a link between your audience and your bank account rather than being a platform full of
  • Storm — Storm focuses on wind energy solutions, developing and managing wind farms for renewable energy production.
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Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 4 investments in Belgium Internet startups

Oxygen for growth - LRM

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Investment focus

  • Industry: Information Technology, Software, Biotechnology
  • Stage:Seed, Series A
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 87
  • Round size: Seed $494k–$5.2M; Series A $1.6M–$11M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • ADLC — ADLC employs drone technology to deliver logistics services, allowing businesses to implement drone-based solutions without having to manage them in-house. The company is focused on enhancing last-mile delivery in maritime and offshore environments. ADLC now conducts drone delivery services in the Port of Antwerp in collaboration with SGS, atesting and certification company, and works with companies such as BASF. Its drones have reduced delivery times and environmental effect, boosting efficiency sixfold and lowering CO2 emissions by up to 80% for petrochemical sample deliveries.
  • MobieTrain — Train, connect and empower your frontline teams in minutes. MobieTrain boosts onboarding, training, engagement, and performance. All in one simple platform
  • TrendMiner — TrendMinder designs and delivers a fast, powerful and intuitive industrial analytics platform for everyone in operations to make smarter, data-driven decisions.
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E-Merge
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Belgium Internet startups

Find out if E-Merge is the right fit for your future career! Explore jobs, salary, equity, and funding information. Read about work-life balance, perks, benefits, and the company culture!

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Investment focus

  • Industry: Software, SaaS, E-Commerce
  • Stage:Seed, Series A
  • Geography: United States, Belgium, Spain

Investor stats

  • Total investments: 69
  • Round size: Seed $213k–$3.5M; Series A $700k–$25M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — raised $267k in 2019

Portfolio highlights

  • Invopop — Issue compliant invoices, globally
  • Work Today — Create one profile. Apply to thousands of jobs in minutes.
  • Anagram — Anagram is making vision care more affordable and accessible for providers and consumers. Thousands of eye care practices use Anagram to operate independently, process out-of-network benefits, and deliver better pricing on eyewear for their patients.
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Meusinvest (Noshaq)
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Internet startups

Noshaq offers financial services to help businesses develop.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Seed
  • Geography: Belgium, France, Germany

Investor stats

  • Total investments: 76
  • Round size: Seed $137k–$6M; Series A $3.3M–$16M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • TrustUp — TrustUp is the home contractors platform, connects homeowners with verified quality home improvement.
  • Le Fourgon — Le Fourgon provides contained drinks for home delivery. They offer milk, water, beer, wine, fruit juice, and sodas. They allow customers to have their drinks delivered free of charge during the day.
  • Allegro Biotech — Allegro has developed the world’s-first custom-tailored, durable, biocompatible, anisotropic, regenerative meniscus cartilage, providing immediate support while also leverage the body’s own healing potential to regenerate human cartilage (proliferation and differentiation of fibrochondrocyte cells).
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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Internet startups

Seeder Fund is an early-stage financing and growth capital for digital startups. For young start-ups with a start in commercial traction it offers seed funding of up to EUR 200,000 to validate their value proposition and product-market fit. For start-ups preparing for Series A it provides funding of up to EUR 300,000 to confirm the growth potentialand move closer to break-even. For scale-ups, the Seeder Fund can also help finance the company's growth, this time in the form of a capital stake of up to 1,000,000 EUR.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, Luxembourg, France

Investor stats

  • Total investments: 33
  • Round size: Seed $384k–$2.5M; Pre-Seed $219k–$2.4M; Series A $3.3M–$8M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • CrypDefi — Unified custody and compliance for institutional digital finance.
  • Alice — Reimagining the legal drafting process with AI, allowing lawyers to concentrate on strategic decisions and achieve better legal outcomes.
  • Vectrix — Vectrix offers AI-based automation and consulting solutions for businesses and logistics companies to automate workflows.
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Finance.Brussels
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Internet startups

Regional Investment Company of Brussels

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Investment focus

  • Industry: Software, Financial Services, Information Technology
  • Stage:Seed, Series A
  • Geography: Belgium, France

Investor stats

  • Total investments: 23
  • Round size: Seed $1.5M–$5.5M; Series A $2.3M–$7M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Wooclap — Engage your audience with Wooclap's free interactive presentation tool. Create dynamic and engaging presentations that keep your audience hooked.
  • AILOS Robotics
  • Axiles Bionics — Axiles Bionics aims to improve the quality of life of amputees with revolutionary technologies. Discover the LUNARIS, our brand new ankle-foot prosthesis.
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Qbic Fund
VC Fund · Belgium, Wisconsin, United States · 3 investments in Belgium Internet startups

The Qbic Fund is a multi-sector fund supporting spin-off companies of the Ghent, Brussels and Antwerp university associations and of VITO. Through its strategic partnership with the universities of Ghent, Brussels and Antwerp, and VITO, the Qbic Fund has early and privileged access to promising research projects at these partner universities. Ourinvestment approach is based on early in-depth and independent review and analysis followed by hands on involvement and support.In May 2012 the Qbic Fund held its first close and currently it has over € 30 million under management. The Qbic Fund is backed by several public and private investors and managed by Qbic Venture Partners.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands

Investor stats

  • Total investments: 54
  • Round size: Seed $1.1M–$11M; Series A $868k–$47M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $57M in 2022

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • Flindr Therapeutics — Immagene develops personalized cancer immunotherapies to fight multiple cancer type.
  • Blue Foot Membranes — Blue Foot Membranes delivers unbreakable MBR membranes for wastewater treatment. Reliable water reuse, high capacity and low total cost of ownership.
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 3 investments in Belgium Internet startups

Capricorn Partners is a unique independent manager of venture capital, growth capital and quoted equity funds

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Series A, Series B
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 117
  • Round size: Series A $3.3M–$18M; Series B $5.3M–$42M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely actively investing — fund raised in 2025

Portfolio highlights

  • Azumuta — Unite Connected Worker and MES capabilities to build the execution platform that coordinates, governs, and continuously improves operational work on the shop floor, across humans, AI agents, and robotic systems
  • Sensolus — Sensolus provides care-free tracking of your valuable non-powered assets directly from the cloud.Sensolus offers turnkey solutions for wireless, low-power context-aware sensing. Sensolus developed a personal product line of low-power tracker systems called STICKNTRACK.Sensolus is built upon many years of expertise in low-power networks,wireless sensor design, cloud-based sensor management, analytics, and applications.
  • VOID Technologies — VOID Technologies is a groundbreaking materials science company spun out of Kimberly-Clark to commercialise the VO+ technology. Our business model is based on supplying VO+ additive masterbatches to film manufacturers.
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The Faktory Fund
VC Fund · Liège, Liege, Belgium · 3 investments in Belgium Internet startups

The Faktory is a hub for business ideas based on any disruptive technology with a high potential in international niche markets: ICT, Health, Environment, Media, Broadcast and more.

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Investment focus

  • Industry: Software, Analytics, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 21
  • Round size: Seed $1.1M–$4.4M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • IVEX — IVEX offers Repeatable and Scalable Testing & Validation Data Analytics solutions for ADAS/AD Vehicles.
  • xyzt.ai — xyzt.ai is a SaaS platform for ANALYTICS, REPORTING and VISUALIZATION of big location data in the Maritime & Ports, Smart City and Logistics industries. EASY & EFFORTLESS
  • MyCellHub — MyCellHub.com is a pre-startup from the KULeuven in the biotherapeutics industry that aspires to reform the way cell production processes are organised. With a regulatory compliant Saas-platform for data management and analytics, we increase the efficiency of your manufacturing processes, provide actionable insights via cell culture specificprocess analytics and facilitate regulatory compliance by means of a real-time audit trail and automated batch records.
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Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 3 investments in Belgium Internet startups

Basic and applied research fund of the Flemish regional government in Belgium

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Belgium, Israel, Germany

Investor stats

  • Total investments: 36
  • Round size: Seed $517k–$1.9M; Grant $261k–$3.2M; Pre-Seed $200k–$2M
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • WeHave — Enter the cookieless era of advertising with WeHave's first-party data collaboration. Leverage external data in a gdpr compliant way.
  • Summ.link — Summ.link works to transform enterprises by enhancing the employee experience through strategy and strong insights based on trustworthy data, which leads to improvements in digital processes. By putting a strong emphasis on data intelligence and people analytics, it seeks to provide everyone in the organization with actionable information.Application development, big data, AI, cloud solutions, and other services are among their offerings.
  • Gorilla — We empower Energy Retailers in pricing, forecasting and reporting with data-driven solutions in boosting speed and flexibility.
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QuaeroQ
VC Fund · 3 investments in Belgium Internet startups

QuaeroQ is a privately-held investment fund that invests in and supports small and midsize companies in Europe with a long-term approach as an involved minority shareholder with a co-owner mindset and in close relationship with their management. It was founded in 2003 and is headquartered in Waregem, Belgium.

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Investment focus

  • Industry: GovTech, CivicTech, Communities
  • Stage:Series A
  • Geography: Belgium

Investor stats

  • Total investments: 3
  • Round size: Series A $768k–$2.2M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Hoplr — Hoplr activates the social capital in your neighbourhood such as material, knowledge, time and infrastructure. Hoplr is a digital participation platform for inclusion, citizen participation and neighbourhood care.
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Saffelberg Investments
VC Fund · Gooik, Vlaams-Brabant, Belgium · 3 investments in Belgium Internet startups

Saffelberg Investments is an independent investment company with a 250 million EUR capital base. We focus on long term investments by taking both majority stakes and substantial minorities in fast-growing ventures through risk-bearing capital.

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Investment focus

  • Industry: Software, Information Technology, IaaS
  • Stage:Series A, Seed
  • Geography: Belgium, Australia

Investor stats

  • Total investments: 8
  • Round size: Series A $2.7M–$4.4M
  • Lead/follow: 38% lead, 62% follow

Portfolio highlights

  • Deminor Litigation Funding — Founded in 1990, Deminor is a leading privately-owned and international litigation funder with offices in Brussels, London, Hamburg, New York, Hong Kong, Madrid, Milan, and Luxembourg. Deminor’s name, derived from the French ‘défense des minoritaires’, reflects its origins in providing services to minority shareholders. Deminor is still very muchdefined by the pursuit of good causes and its determination to restore justice for clients.Combining skill sets from 16 different nationalities and 14 languages, Deminor has funded cases in 18 jurisdictions including the Americas, the Middle East and offshore centres such as the Cayman Islands and Bermuda. With specialists in arbitration, intellectual property, competition, corporate & post-M&A, investments, enforcement, and tax litigation, Deminor has achieved positive recoveries for clients in more than 81% of the cases it has funded, against an industry average of 70%.In addition to funding one-to-one commercial claims, Deminor originates, syndicates and funds group actions. In 2018, Deminor was instrumental in reaching the largest ever settlement in Europe (EUR 1.3 bn in the Fortis case). Equally, the company does not shy away from being a first-mover in jurisdictions where funding has not been tested. It was the first funder to support collective actions in Italy and reached a landmark settlement in the Olympus securities action in Japan (2017).Deminor is immensely proud of its diverse client base, which includes some of the world’s most innovative and entrepreneurial companies, in addition to globe’s leading public and private pension funds, asset managers, sovereign wealth funds. Out of the ten biggest investors worldwide, four are recurring clients of Deminor.
  • Radian Arc — Radian Arc is a content delivery network (CDN) that sets up broadband services around the world to make it easier to send video or gaming data to consumers.
  • Tangent Works — Create predictive models in seconds for faster and better forecasting & anomaly detection with TIM InstantML.
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Lean FUND
VC Fund · Louvain, Vlaams-Brabant, Belgium · 3 investments in Belgium Internet startups

Startups, increase your value by 3 within 9 months thanks to Power 3 by Leanfund (www.leanfund.com)!

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Investment focus

  • Industry: Internet, Apps, Software
  • Stage:Seed, Series B
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 12
  • Round size: Seed $66k–$384k
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Neveo — With one click, send photos and messages on a family newspaper that your senior will receive every month.
  • Supersec — Good to eat, good to think: discover the Supersec organic, healthy, artisanal and sustainable food treats available in bulk delivery!
  • Sortlist — Discover the most relevant agencies for your project based on your own specific requirements.
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Hummingbird Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 3 investments in Belgium Internet startups

Supporting Exceptional entrepreneurs. We value emotional intelligence as much as data, growing internal culture as much as growing revenue, and forming strong, personal bonds with founders. We recognize patterns where other don't.

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Investment focus

  • Industry: Software, Financial Services, FinTech
  • Stage:Series A, Seed, Series B
  • Geography: United States, Turkey, United Kingdom

Investor stats

  • Total investments: 143
  • Round size: Seed $828k–$24M; Series A $1.6M–$51M; Series B $2.5M–$58M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Tavrn — Tavrn provides state of the art, AI-powered demand letters and medical chronologies for attorneys.
  • BillionToOne — We are a team at the forefront of disease detection focused on moving Prenatal Screening and Liquid Biopsy forward.
  • Jupiter — Getting access to Jupiter before others. 100% digital banking with no pain. Zero balance accounts, no hidden fees. Master your money, reap rewards on Jupiter app - partnered with an RBI licensed bank for max trust.
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Spreds
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Internet startups

We empower high-potential entrepreneurship and democratize venture capital. Discover promising start-ups & SMEs and invest alongside business angels.

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Investment focus

  • Industry: E-Commerce, Health Care, Online Portals
  • Stage:Series A, Seed, Series B
  • Geography: Belgium, France

Investor stats

  • Total investments: 14
  • Round size: Seed $165k–$1.3M; Series A $247k–$2.5M; Series B $165k–$680k
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Opinum — What is Opinum Data Hub? Our Data Hub is a secured Cloud-based platform that allows energy and environmental actors to centralise, enhance, analyse, and share data.
  • Digiteal — Digiteal offers a wide range of services for e-invoice presentment, electronic payments and open banking.
  • NietsCo — NietsCo. is the home of Botaniets Gin 0.0%, a leading selection of alcohol-free products, carefully distributed to the world's best restaurants, concept stores, shops and consumers.
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Industrya
VC Fund · Seraing, Liege, Belgium · 2 investments in Belgium Internet startups

We are a hands-on investment fund that operates exclusively in the Industry 4.0, energy and new materials sectors. Industrya is an initiative of the John Cockerill industrial group, which joins together the investment funds of SFPI-FPIM, SRIW-WING, NOSHAQ and LRM.

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Investment focus

  • Industry: Industrial, B2B, SaaS
  • Stage:Seed
  • Geography: Belgium, France

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • kheoos — kheoos is the community platform for the reuse of industrial maintenance spare parts.
  • PureNat — PureNat is a deep-tech economy company that has developed a brand new patented biomimetic material for the purification of air and sustainable air pollution control solutions.
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Investsud
VC Fund · Marche-en-famenne, Luxembourg, Belgium · 2 investments in Belgium Internet startups

Investsud is a capital firm that works on investments in different industries including food, general industry, and technological startup.

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Investment focus

  • Industry: Biotechnology, Medical, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: Belgium, France

Investor stats

  • Total investments: 12
  • Round size: Seed $3M–$24M; Series A $4.9M–$30M; Series B $21M–$26M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • TrustUp — TrustUp is the home contractors platform, connects homeowners with verified quality home improvement.
  • Sunrise — Sunrise aims to bring simple answers to millions of people suffering from sleep disorders.We have developed a 3-gram sensor to diagnose sleep with gold standard quality. The technology offers a revolutionary new way to measure brain commands at night, with published clinical results never seen before. Studies demonstrate Sunrise is as accurate asin-lab sleep studies, at a fraction of the cost.Affecting one in three people, sleep disorders are extremely common. Sleep apnea is the most prevalent disease with almost 1 billion persons concerned. This condition leads to great body damage over time and yet remains undiagnosed in 80% of the cases.Patients, caregiver and insurers stand to benefit greatly from a solution to current highly cumbersome, expensive and time-consuming diagnostics systems.
  • Enodia Therapeutics — Enodia Therapeutics pioneers targeted protein degradation at the Sec61 translocon, developing small-molecule therapies for inflammatory and autoimmune diseases.
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Innovation Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Internet startups

Chemical, Advanced Materials, Cosmetics, Recycling, CleanTech, Plastics and Rubber Manufacturing, Nanotechnology, Biosciences

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Investment focus

  • Industry: Health Care, Manufacturing, Information Technology
  • Stage:Seed, Series A
  • Geography: Belgium, France, Luxembourg

Investor stats

  • Total investments: 30
  • Round size: Seed $329k–$5.8M; Series A $2.2M–$5.7M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Aerosint — Aerosint invented a technology called "Selective Powder Deposition" which deposits multiple powders in each layer. This unlocks multi-material 3D printing.
  • Daphne Technology — Measure and abate methane slip with Daphne Technology. Learn how we reduce emissions in gas engine exhaust. Contact us today!
  • Zeopore Technologies — Zeopore Technologies innovates zeolite mesoporization to optimize catalysts that enhance processes in refining and petrochemical industries. This leads to higher quality products, lower energy use and less waste, using an approach that is affordable, easily scalable and non-hazardous.
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Peak
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Belgium Internet startups

European early-stage venture capital fund backed 100% by founders. Helping Pre-Seed and Seed SaaS, Marketplaces & Platforms with their Go-To-Market.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 104
  • Round size: Seed $658k–$5M; Pre-Seed $549k–$2.6M
  • Lead/follow: 61% lead, 39% follow

Portfolio highlights

  • Hygraph — A GraphQL-native headless CMS that marketers and developers love. Structure content, scale with AI, and launch faster across every channel.
  • Stack — Stack is an immersive experience of the internet with collaboration at its core. Achieve more with your peers in an organized environment
  • Sonomo — Invest in music royalties and earn monthly dividends. Thousands of assets to trade from and build a balanced portfolio. Start today.
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Buysse & Partners
VC Fund · Antwerpen, Antwerpen, Belgium · 2 investments in Belgium Internet startups

Buysse and Partners is a private equity investment group based in Antwerpen that offers smart equity, a growth fund, and partnerships.

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Investment focus

  • Industry: Software, Cloud Computing, FinTech
  • Stage:Series A, Seed
  • Geography: Belgium, United Kingdom, The Netherlands

Investor stats

  • Total investments: 6
  • Round size: Seed $1.1M–$2M; Series A $3.9M–$11M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $23M in 2012

Portfolio highlights

  • Twikit — Deliver unforgettable customer experiences with real time 3D product configurators, linked to your existing order and manufacturing flows.
  • Bluebee — Delivering a streamlined way for users to analyze, explore, and manage large-scale genomics data in the cloud.
  • moonbird — Slow breathing is the easiest way to relieve stress and promote relaxation. Moonbird and moonbuddy make it intuitive and easy to practice slow breathing exercises.
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Brustart
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Internet startups

More than financing alone!The Brussels Regional Investment provides financial support for the creation, reorganization and expansion of private corporations located in the Brussels Capital Region.The G.I.M.B. is an investment company with an overall mission that is open to the vast majority of economic sectors.Application through its ownfunds or quasi-equity funds helps GIMB SMEs in their creation and development: it brings about a financial leverage, to the extent that its intervention allows companies to obtain bank financing easier.Interventions are tailored to the specific nature of each project, either in the form of an investment in capital (minority interest) or in the form of a loan.Besides the investment in the strict sense, the company strives to be the promoters at any time to monitor and assist their company when a decision must be taken.Currently receive more than 350 Brussels companies, which insure thousands of workshops, support GIMB and its affiliates.

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Investment focus

  • Industry: Big Data, Internet, Software
  • Stage:Seed, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 4
  • Round size: Seed $439k–$932k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Collibra — Collibra delivers an end-to-end Data Intelligence platform to accelerate digital business transformation. Collibra accelerates trusted business outcomes by connecting the right data, insights, and algorithms to all Data Citizens. The company's platform breaks down traditional data silos and opens up organizational data, providing trustworthybusiness intelligence, enabling users to find the data they need, collaborate on it, and easily understand its meaning.It was founded in 2008 and headquartered in Hoofdstedelijk Gewest, Belgium.
  • proUnity — The external talent matchmaker. PoUnity unites freelancers, suppliers and companies in cool new missions. The best talent wins and joins innovative projects.
  • Swan Insights — Swan Insights focuses on providing businesses with big data solutions for their decision making in marketing campaigns, lead generation, and customer relationship management.Swan Insights enables businesses to obtain business insights and information collected from social media, corporate websites, official business registers, businessactivities, and more. The company develops cloud solutions, APIs, applications, and system integration solutions.Swan Insights was founded by Laurent Kinet in October 2013. And it is headquartered in Brussels, Belgium.
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Zero Prime Ventures
VC Fund · San Francisco, California, United States · 2 investments in Belgium Internet startups

Pre-seed/seed fund writing first checks into engineer-led enterprise startups focused on data technologies (AI/ML/deep learning/data infra)

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Investment focus

  • Industry: Software, Artificial Intelligence, Machine Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, The Netherlands

Investor stats

  • Total investments: 84
  • Round size: Seed $1.7M–$13M; Pre-Seed $497k–$3.8M; Series A $12M–$31M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Orchest — Orchest is an open source tool for interactively building data science pipelines. Check us out on GitHub to get started.
  • Base64 — Base64 Document Intelligence Platform automates document processing with Agentic AI and over 2,800 prebuilt models.
  • DataDistillr — DataDistillr the top data exploration tool for joining and querying data without ETL.
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KBC Focus Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Internet startups

The KBC Focus Fund is a € 50 million venture capital fund that leverages the network of KBC in our investments. As we are an evergreen fund, we always strive for an exit when market conditions are favourable.

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Investment focus

  • Industry: Semiconductor, Manufacturing, Electronics
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands, France

Investor stats

  • Total investments: 23
  • Round size: Seed $1.2M–$6.6M; Series A $2.7M–$17M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Aito — We are developers of patented and award-winning Piezo Sensing and Haptics technology who are on a mission to offer unparalleled user experience by bringing surfaces to life with tactile feedback to help consumer electronics brands create new and innovative products, offering differentiation in a crowded marketplace.
  • Axign — We are Axign. A company on a mission to conquer the worldwide consumer audio market with our unique, patented audio technologies.
  • Pharrowtech — Pharrowtech designs next-generation solutions for fixed-wireless access, wireless VR/AR and ultra-high capacity wireless links. It builds on more than 12 years of top-notch R&D performed at imec, the Belgian R&D powerhouse. Leveraging deep technical expertise in algorithm, chip and antenna design for millimeter-wave systems, it createsproducts with best-in-class performance, power and cost features.
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Pitchdrive
VC Fund · Antwerp, Antwerpen, Belgium · 2 investments in Belgium Internet startups

Pitchdrive is a pre-seed investor run by experienced tech entrepreneurs backing founders during their crazy startup ride. Buckle up.

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Belgium, United Kingdom, Spain

Investor stats

  • Total investments: 82
  • Round size: Seed $656k–$4.8M; Pre-Seed $110k–$2M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • NineID — NineID provides a biometric access control solution and identity visitor management system that increases businesses' security, compliance, and safety.
  • Revend — Thanks for visiting Revend's Crunchbase page. Revend is the e-commerce tool that monitors, detects, and pinpoints revenue-impacting issues in minutes for D2C and omni-channel companies. Put differently, Revend is a watchdog for e-commerce KPIs. Revenue, add to carts, checkouts, we keep a close eye on them in near real-time. It is supereasy to install, and easily integrates with your preferred communication channels. We've also been called 'a smoke detector for online shops'.We are working together with a select number of large e-commerce companies that currently trail our solution prior to our launch in early 2023.Today, you can put yourself on the waitlist to ensure early access on Revend's website upon launch. For any questions or requests, please feel welcome to reach out via info@revend.ai.
  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
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KPN Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 2 investments in Belgium Internet startups

KPN Ventures is a corporate venture arm of KPN that aims to partner with innovative technology companies, providing access to capital, expertise, network, and customer channels. It focuses on early growth-stage European companies in networking technology, the internet of things, smart home, digital healthcare, cyber security, mobile and video (OTT)services, cloud computing, data, and analytics. It began operation on June 1, 2015, with its headquarters in Rotterdam in the Netherlands.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Series B, Seed
  • Geography: The Netherlands, United States, Belgium

Investor stats

  • Total investments: 39
  • Round size: Seed $900k–$10M; Series A $2.2M–$15M; Series B $2.8M–$60M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Perlego — Perlego is an online library subscription service for textbooks and non-fiction titles. Having partnered with over 3,000 of the world's best publishers, it gives its users unlimited access to over 650,000 eBooks and publications via an affordable monthly subscription. It aims to make learning accessible to all. It was founded in 2016 and isheadquartered in London, England.
  • Openlayer — Native integrations with OpenAI, Anthropic, CoPilot, OTel, Snowflake, and more. Continuous CI/CD validation, production monitoring, security guardrails, and automated compliance aligned to EU AI Act and NIST.
  • BOX ID Systems — BOX ID Systems develops and offers an end-to-end location & process mining solution to cost effectively track millions of logistics assets digitally throughout the industrial supply chain across Europe and the World - including site-to-site, on-premises and indoor buildings digital twin of supply chain processes. The system is built on aspecialized analytics software platform, sensorik tracking devices and efficient data-, device- and user-management tools, including functions to support process automation and optimization. Industrial and automotive production customers benefit from making their logistics processes more efficient and cost optimized, with 100% transparency within their critical processes throughout the entire supply chain.
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Fortino Capital
VC Fund · Zaventem, Vlaams-Brabant, Belgium · 2 investments in Belgium Internet startups

We partner with exceptional B2B Software entrepreneurs across Northwestern Europe.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 70
  • Round size: Seed $2M–$5.8M; Series A $3.9M–$17M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Vaultspeed — Save your teams months of headache with a no-code approach to automate your multi-source data integration, Data Vault modeling & ETL/DDL code generation.
  • Mobilexpense — Expense management solutions for mid-sized organisations and large enterprises. Automate your expense management: improve productivity and save costs.
  • Getvisibility — Attain swift and comprehensive visibility and context for all your data, whether in motion or at rest, encompassing both on-premises and cloud environments. This empowers your teams to take proactive measures in identifying, prioritising, assigning ownership, remediating, and preventing risks that could impact your business, ensuring the utmost security across all aspects of your operations.
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TA Capital
VC Fund · Houston, Texas, United States · 2 investments in Belgium Internet startups

From its active funds TAC currently invests in Europe and the USA. They invest in all stages (seed, early and growth) of start-ups with capable teams and scalable business models. Their investment sizes go from as low as $200,000 to as much as $15 milion per transaction. They like opportunities in e-commerce, Internet, digital life and softwaredomains. They like to create and shape new markets. They are unconventional, caring and driven, and very fast. They are honest and fair in their daily dealings and in their transactions. They honor their commitments and deliver on their promises, on time. They see it their mission to provide entrepreneurs with the resources required to grow their companies and they exclusively partner with teams who share their values.

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Series A
  • Geography: Germany, United States, Israel

Investor stats

  • Total investments: 30
  • Round size: Seed $100k–$2M; Series A $1.3M–$7M
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Talixo — Talixo is revolutionising B2B ground transportation with innovative proprietary technology that integrates seamlessly with all corporate platforms such as Amadeus, Concur and Onesto.Their technology is fully customisable and provides total compliance for all individual corporate travel policies. Now operating in >750 cities globally andgrowing exponentially, Talixo is fast becoming the go to for all the ground transportation needs of Fortune 500 companies, Airlines, Travel Agencies and many other strategic partners. Talixo is backed by Private, Institutional and Strategic investors including Deutsche Bahn, Amman Group and TA Capital.
  • AdEspresso — Start driving results across Facebook, and Instagram with a free 14-day trial of AdEspresso.
  • Hoard — Hoard’s app enables any smartphone user to easily and conveniently pick up deliveries and make exchanges of small items through registered third party operated “pickup-points.
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Yaletown Partners
VC Fund · Vancouver, British Columbia, Canada · 2 investments in Belgium Internet startups

Yaletown Partners specializes in investing in software, data, and device technologies. It invests in technology companies that improve industry and enterprise productivity and sustainability, to help accelerate their growth, shorten exit timeframes, and accomplish strong exit premiums.With offices in Vancouver, Calgary, Montréal, and a growingpresence in Toronto, Yaletown is led by a national team that contributes almost 100 years of technology-industry experience and a network of extensive industry relationships.

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Investment focus

  • Industry: Software, Manufacturing, Enterprise Software
  • Stage:Series A, Series B, Seed
  • Geography: Canada, United States, Belgium

Investor stats

  • Total investments: 84
  • Round size: Seed $603k–$4M; Series A $2.9M–$16M; Series B $2.1M–$31M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2017

Portfolio highlights

  • ePACT Network — ePACT will improve emergency preparedness across North America. By connecting every home and organization with shared information and resources, ePACT will have a positive impact on the safety of our communities. Its benefits will encourage users to adopt and share the system, while its tools help North Americans manage unexpected situations.
  • Elevated Signals — Elevated Signals provides cannabis producers with user-friendly manufacturing software that combines digital batch production records, inventory tracking and environmental data into a single customizable platform. By digitizing how cannabis operations run and streamlining data collection and aggregation, the system helps businesses significantlylower costs, scale quickly and make more informed decisions.Elevated Signals is used by some of the largest producers in North America, as well as a growing wave of innovative mid-size and craft facilities. It is the fastest-growing regulated manufacturing execution and quality software company in Canada.
  • Circle Cardiovascular Imaging — Explore advanced cardiovascular imaging software. Enhance diagnosis & clinical workflows with our AI-driven solutions. Contact us today!
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Pamica NV
VC Fund · Antwerp, Antwerpen, Belgium · 2 investments in Belgium Internet startups

Pamica NV is the investment company of Michel Akkermans.

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Investment focus

  • Industry: FinTech, Finance, Financial Services
  • Stage:Seed, Series A
  • Geography: Belgium, Germany, United States

Investor stats

  • Total investments: 7
  • Round size: Seed $1.1M–$5.2M; Series A $5.5M–$8.8M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • BITA — Real-time indexes and high-performance infrastructure to power the next generation of passive investing.
  • b.fine — With a singular focus on regulatory reporting and data, Regnology delivers powerful solutions for financial institutions, regulators and tax authorities.
  • Cashforce — Cashforce is a ‘next-generation’ Cash forecasting & Working Capital management platform, focused on automation and integration - bridging the gap between the CFO, finance, AR/ AP and treasury. The platform is unique in its category because of the seamless integration with numerous ERPs & banking systems, the ability to drill down totransaction level details, and the intelligent AI-based simulation engine that enables multiple cash flow scenarios, forecasts & impact analysis. Cashforce is a global company with offices in New York, Antwerp, Amsterdam, Copenhagen & London and provides Cash visibility to multinational corporates across various industries in over 120 countries worldwide.
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Securex
VC Fund · 2 investments in Belgium Internet startups

Securex offers services in the areas of development and expansion of own business for entrepreneurs, staff administration and payroll...

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Investment focus

  • Industry: Q&A, SaaS, EdTech
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Wooclap — Engage your audience with Wooclap's free interactive presentation tool. Create dynamic and engaging presentations that keep your audience hooked.
  • proUnity — The external talent matchmaker. PoUnity unites freelancers, suppliers and companies in cool new missions. The best talent wins and joins innovative projects.
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Fidimec
VC Fund · Leuven, Vlaams-Brabant, Belgium · 2 investments in Belgium Internet startups

Fidimec is a Belgium-based venture capital firm that offers investment and incubation services for seed stage startups.

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Investment focus

  • Industry: Industrial, Semiconductor, Medical
  • Stage:Series A, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 6
  • Round size: Series A $2.2M–$7.7M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
  • MICLEDI Microdisplays — MICLEDI Microdisplays is an experienced executive in the semiconductor industry,
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Point Nine
VC Fund · Berlin, Berlin, Germany · 2 investments in Belgium Internet startups

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

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Investment focus

  • Industry: Software, SaaS, Internet
  • Stage:Seed, Series A, Series B
  • Geography: Germany, United States, France

Investor stats

  • Total investments: 255
  • Round size: Seed $900k–$7.7M; Series A $3.2M–$24M; Series B $9M–$53M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Athenian — Introducing the world to software engineering metrics that help teams, and improve processes. Athenian is built for GitHub and Jira users.
  • Lottielab — Easiest animation editor for design and tech teams.
  • Wikifarmer — A free online knowledge library where professional or amateur farmers can find best practices on growing their fields more effectively and an online marketplace where farmers can sell their products to buyers directly. Our vision is to create a fair, transparent and profitable environment for all the farming world. Farmers are dedicating theirlives in cultivating their fields, but get the lowest value of all the sales cycle, so we believe they need to receive a more fair share. Buyers have the right to have more options and buy at better prices, so we want to be the ones to solve this inequality in both sides.
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European Commission
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Internet startups, 47 in the past 12 months

The official website of the European Commission, providing access to information about its political priorities, policies and services

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Investment focus

  • Industry: Software, Health Care, Biotechnology
  • Stage:Grant, Seed, Pre-Seed
  • Geography: France, Spain, Germany

Investor stats

  • Total investments: 228
  • Round size: Seed $55k–$10M; Grant $120k–$50M; Pre-Seed $55k–$1.7M
  • Lead/follow: 71% lead, 29% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • AFYREN — AFYREN develop innovation in biotechnologies for the valorization of non-food biomass and in respect of the environment.
  • Naturbeads — Naturbeads creates biodegradable, sustainable and cost competitive cellulose microbeads to replace currently used microplastics.
  • USIL Therapeutics — USIL Therapeutics is a biotechnology company focused on radiological preparedness. They develop dual-use medical countermeasures designed to protect populations and mission-critical personnel from ionizing radiation in defense, civilian, and space environments.
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Showpad
VC Fund · Gent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Internet startups

The Showpad sales enablement platform integrates industry-leading training and coaching software with innovative content solutions, driving increased sales.

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Investment focus

  • Industry: SaaS, Internet, Software
  • Stage:Seed, Angel
  • Geography: Belgium

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Raito — We make modern data teams more productive by automating data access requests while respecting privacy and security.
  • Influo — Creatorz is the ultimate place for meeting real people, building authentic partnerships and driving successful influencer marketing campaigns.
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Intel Capital
VC Fund · Santa Clara, California, United States · 1 investments in Belgium Internet startups, 18 in the past 12 months

Intel Capital is uniquely positioned to help build the companies of tomorrow. Our investment team is backed with deep domain knowledge and the resources of Intel to assist companies in their paths to success.

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Investment focus

  • Industry: Software, Information Technology, Enterprise Software
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 827
  • Lead/follow: no public data

Portfolio highlights

  • TileDB — All data, code, and compute in a single product. The modern data stack, streamlined.
  • Zenity — Everyone is now a Developer. What does that mean for Security?
  • Nurdle AI — Get your AI into production Faster, Cheaper & Easier with Nurdle's privacy-safe lookalike data. Trusted by leading brands in gaming and social media.
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Yokogawa Electric Corp.
VC Fund · Tokyo, Tokyo, Japan · 1 investments in Belgium Internet startups

Founded in 1915, the US$3.7 billion company engages in cutting-edge research and innovation. Yokogawa is active in industrial automation and control. This segment plays a vital role in a wide range of industries including oil, chemicals, natural gas, power, iron and steel, pulp and paper, pharmaceuticals, and food.

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Investment focus

  • Industry: Software, Energy, Manufacturing
  • Stage:Corporate Round, Series A
  • Geography: Japan, United States, Spain

Investor stats

  • Total investments: 16
  • Lead/follow: no public data

Portfolio highlights

  • GridBeyond — Endeco's Energy ManagementSystem (EMS) provides wirelessenergy management and controlsystems for retail, commercial andindustrial users. Applications includebuilding control, refrigeration control,demand management, priceresponse, energy efficiency, anddemand response. Our automatedwireless systems seamlesslyintegrate intoyour existingoperations and/or BuildingManagement System (BMS) withoutany training of retail staff required.
  • waylay — Waylay is a leading Enterprise IT-OT digital unification software company delivering low-code based orchestration, automation and analytics software solutions. Waylay has a passion for supporting enterprises on their IoT automation journey and ensuring it puts all valuable data to work for developers, data scientists and domain experts.
  • Tsubame BHB — Tsubame BHB is a Sales company
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Beringea
VC Fund · Farmington Hills, Michigan, United States · 1 investments in Belgium Internet startups, 8 in the past 12 months

Beringea is an international investor in high growth US & UK businesses. With expertise in multiple sectors we are at the forefront of emerging trends.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Series A, Series B
  • Geography: United Kingdom, United States, Israel

Investor stats

  • Total investments: 147
  • Lead/follow: no public data

Portfolio highlights

  • Commonplace — Commonplace is an online citizen engagement platform. We help you to engage with more community members, collect their ideas and make better places.
  • Flywheel.io — Flywheel is a data management and analysis platform built specifically for scientists and the researcher's workflow. They empower research momentum by focusing on data and medical image capture, content management, scientific computation, and collaboration. With reproducible research in mind, they combine open-source methods from topuniversities, a modern web user interface, and an extensible compute engine based on containerization technology. The result is a software platform to accelerate discovery and help researchers do science, not IT.Flywheel accelerates new scientific discoveries in life-science, biotech, and academic imaging research through cloud-scale collaboration. As a result, imaging researchers are able to avoid innovation bottlenecks, and accelerate discovery by doing more science, and less IT.
  • Social Value Portal — Backed the National TOMs Framework, Social Value Portal helps organisations measure, report and enhance their social value.
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Blockdaemon
VC Fund · Los Angeles, California, United States · 1 investments in Belgium Internet startups

The complete institutional solution for seamless, secure, and efficient Web3 services.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Israel, Belgium

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Chaos Labs — Chaos Labs is a fully automated on-chain economic security system that allows crypto protocols to optimize risk management and capital efficiency while safeguarding user funds. Chaos Labs offers a more secure and safe operating environment for crypto protocols. Chaos Labs uses technology and risk management expertise to help protocols navigate theoften volatile crypto markets and make informed decisions. The platform is currently available for protocols on the Ethereum network, with plans to expand to other blockchains such as Terra, NEAR, and Polygon in the future.
  • Hypernative — Detect attacks in progress & prevent loses in real time by proactively monitoring on and off chain data sources and help mitigate security, governance and financial risks with early warnings & actionable insights.
  • Alluvial Finance — Building the enterprise-grade liquid staking standard
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Internet VC funding in Belgium at a glance

Stats across 67 deals from 73 investors.

73
investors
in Belgium Internet startups
67
deals
in Belgium Internet startups
$2M
median round
in Belgium Internet startups
40%
lead investors
lead at least one round
28%
Seed
most common funding stage

Access all 73 VC funds in Belgium Internet startups.

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