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Top 50 Machine Learning Startup Investors in Belgium (September 2026)

The most active venture capital funds and angel investors investing in Belgium Machine Learning startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium Machine Learning startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Volta Ventures
VC Fund
9 Belgium, The Netherlands, United States Seed, Series A, Pre-Seed Software, Information Technology, SaaS $850k–$8.8M
Lorenz Bogaert
Angel
5 Belgium, United Kingdom, United States Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $120k–$5.7M
Toon Coppens
Angel
4 Belgium, United States Seed, Pre-Seed, Angel SaaS, Software, Machine Learning $407k–$2.2M
KPN Ventures
VC Fund
3 The Netherlands, United States, Belgium Series A, Series B, Series C Software, Internet of Things, Information Technology $2.3M–$180M
Pamica NV
VC Fund
3 Belgium, Germany, United States Seed, Series A, Venture - Series Unknown Software, FinTech, Finance $1.2M–$11M
Jonathan Cornelissen
Angel
3 United States, Belgium, Israel Pre-Seed Software, Machine Learning, Information Technology $35k–$1.4M
Qbic Fund
VC Fund
3 Belgium, The Netherlands Seed, Series A Biotechnology, Software, Health Care $1.3M–$34M
Point Nine
VC Fund
3 Germany, United States, France Seed, Series A, Series B Software, SaaS, Internet $891k–$62M
Michel Akkermans
Angel
2 Belgium, United States, Germany Seed, Series A, Venture - Series Unknown FinTech, Software, Financial Services $1.2M–$11M
Hummingbird Ventures
VC Fund
2 United States, Turkey, United Kingdom Series A, Seed, Series B Software, Financial Services, FinTech $1.2M–$60M
PMV
VC Fund
2 Belgium, United States, The Netherlands Seed, Series A, Series B Software, Biotechnology, Health Care $1M–$43M
European Commission
VC Fund
2 France, Spain, Germany Grant, Seed, Pre-Seed Software, Biotechnology, Health Care $55k–$74M
Singular
VC Fund
2 France, Germany, United Kingdom Series A, Seed, Series B Software, Analytics, Artificial Intelligence $3M–$60M
BDO
VC Fund
2 Belgium Series A Software, Generative AI, Machine Learning $7M–$7M
Olivier Coune
Angel
2 Belgium Seed Outdoors, Software, Lifestyle $403k–$883k
Zero Prime Ventures
VC Fund
2 United States, United Kingdom, Germany Seed, Series A, Pre-Seed Software, Artificial Intelligence, Analytics $497k–$31M
Saffelberg Investments
VC Fund
2 Belgium, Australia, United States Seed, Series A, Private Equity Information Technology, Software, SaaS $1.2M–$40M
Sniper Investments
VC Fund
2 Belgium, The Netherlands Seed, Series A Software, CRM, Video
Force Over Mass Capital
VC Fund
2 United Kingdom, United States, Germany Seed, Series A, Pre-Seed Software, Artificial Intelligence, Information Technology $241k–$18M
Lunar Ventures
VC Fund
2 United Kingdom, United States, Germany Seed, Pre-Seed, Series A Software, Information Technology, Artificial Intelligence $35k–$14M
Capricorn Partners
VC Fund
2 Belgium, The Netherlands, United States Series A, Series B Biotechnology, Health Care, Software $3.3M–$45M
Wallimage Entreprises
VC Fund
1 Belgium Seed Software, Marketing, Advertising
ING Group
VC Fund
1 United Kingdom, United States, The Netherlands Debt Financing, Post-IPO Debt, Series B Energy, Renewable Energy, Solar $15M–$3B
Pitchdrive
VC Fund
1 Belgium, United Kingdom, United States Pre-Seed, Seed, Series A Software, Artificial Intelligence, SaaS $110k–$4.8M
Target Global
VC Fund
1 Germany, United States, Israel Series A, Seed, Series B Software, FinTech, Financial Services $2M–$100M
Samsung Catalyst Fund
VC Fund
1 United States, Israel, Germany Series B, Series C, Series A Software, Artificial Intelligence, Semiconductor $6.8M–$250M
EIT Food
VC Fund
1 United Kingdom, Israel, Germany Grant, Non-Equity Assistance, Seed Biotechnology, Food and Beverage, Food Processing $1.2k–$9.7M
SmartFin
VC Fund
1 Belgium, The Netherlands, Turkey Series A, Series B, Seed Software, SaaS, Information Technology $549k–$30M
SFPI-FPIM
VC Fund
1 Belgium, United States, The Netherlands Series B, Series A, Series C Health Care, Biotechnology, Medical $4.3M–$250M
Id4 ventures
VC Fund
1 France, United Kingdom, Belgium Pre-Seed, Seed, Series A Software, Artificial Intelligence, Information Technology $182k–$43M
Stijn Christiaens
Angel
1 Belgium, The Netherlands, Spain Seed, Pre-Seed, Series A Software, Big Data, Data Integration $1.1M–$6.5M
Citi Ventures
VC Fund
1 United States, United Kingdom, Canada Series B, Series A, Series C FinTech, Financial Services, Software $5M–$200M
Anthony Brenninkmeijer
Angel
1 Belgium, United States Seed, Pre-Seed Software, SaaS, EdTech
Jonas Deprez
Angel
1 Belgium, United States Seed, Convertible Note Artificial Intelligence, SaaS, Software $782k–$2.2M
Lieven Danneels
Angel
1 Belgium, United Kingdom Angel, Pre-Seed Software, FinTech, Cryptocurrency
Molenwater Group
VC Fund
1 Belgium Series A Analytics, Data Management, Machine Learning
Angelwise
VC Fund
1 Belgium, The Netherlands Seed, Pre-Seed Software, SaaS, Information Technology $873k–$2.9M
Red River West
VC Fund
1 France, Germany, United States Series A, Series B, Series C Artificial Intelligence, Software, SaaS $10M–$450M
Samsung Strategy and Innovation Center
VC Fund
1 United States, Belgium, United Kingdom Series A, Seed, Series B Hardware, Software, Semiconductor $27M–$30M
Bart Putteman
Angel
1 Belgium Seed Publishing, Machine Learning, Retail Technology
Selçuk Boydak
Angel
1 Belgium Seed Software, Education, E-Learning
Noman Ahmed
Angel
1 Belgium Pre-Seed Software, CleanTech, Smart Cities
Limburgse Reconversie Maatschappij
VC Fund
1 Belgium, United States, The Netherlands Seed, Series A Information Technology, Software, Biotechnology $494k–$11M
Crane Venture Partners
VC Fund
1 United Kingdom, United States, Germany Seed, Series A Software, Information Technology, Artificial Intelligence $2.7M–$39M
Innovation Fund
VC Fund
1 Belgium, France, Luxembourg Seed, Series A Health Care, Manufacturing, Information Technology $329k–$5.8M
Fortino Capital
VC Fund
1 Belgium, The Netherlands, Germany Series A, Seed Software, Information Technology, SaaS $2M–$17M
Willem Delbare
Angel
1 Belgium, United States Seed, Pre-Seed Artificial Intelligence, Software, CRM $407k–$6M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
1 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $160k–$3.2M
Merus Capital
VC Fund
1 United States, United Kingdom, Germany Seed, Series A Software, Artificial Intelligence, SaaS $1.2M–$21M
Will Margiloff
Angel
1 Belgium Seed Software, Analytics, Machine Learning
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Investor list

Volta Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 9 investments in Belgium Machine Learning startups

Volta Ventures backs ambitious B2B software founders in the Benelux with early-stage capital, strategic guidance and long-term support.

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Investment focus

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

Investor stats

  • Total investments: 92
  • Round size: Seed $850k–$5.2M; Pre-Seed $1M–$1.3M; Series A $2.2M–$8.8M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely actively investing — fresh fund, raised $22M in 2025

Portfolio highlights

  • Kyvvu — Kyvvu is an Agent Security Kernel (ASK): an in-process security layer that checks every action an AI agent takes — against the full path of the task so far — and allows, warns, or blocks it before it runs, deterministically, in under a millisecond, without your data ever leaving your environment.
  • Ringtime — Make more placements with the same team. The AI screening agent that reaches frontline candidates via WhatsApp and phone, in 22+ languages.
  • Quadric — quadric.io is a Burlingame, CA-based processor technology company. The q16 Processor is the most comprehensive AI processor that handles any AI and high-performance edge workload.
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Lorenz Bogaert
Angel · Gent, Oost-Vlaanderen, Belgium · 5 investments in Belgium Machine Learning startups, 6 in the past 12 months

Lorenz is co-founder and CEO Ghent-based start-up studio StarApps. He also co-founded early stage investment fund Pitchdrive. He previously created Netlog, Twoo (exit to Tinder), Realo (exit to Axel Springer), Delta (exit to eToro) and Rydoo (exit to Sodexo).

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Investment focus

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

Investor stats

  • Total investments: 66
  • Round size: Seed $445k–$4.2M; Pre-Seed $120k–$1.7M; Series A $3.8M–$5.7M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • LineWise — LineWise, a Y Combinator-backed startup, helps manufacturers maximize production uptime. We use AI to diagnose machine failures, accelerate troubleshooting
  • Feedelity — The #1 feedback management platform. Centralize guest feedback from Google, Tripadvisor, social media, email, Uber Eats, Deliveroo and more, and see what your guests really think.
  • Maurice & Nora — Maurice & Nora regelt vertrouwde hulp aan huis door zorgvuldig gescreende studenten. Van boodschappen en kinderopvang tot begeleiding, tuinhulp en gezelschap.
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Toon Coppens
Angel · Gent, Oost-Vlaanderen, Belgium · 4 investments in Belgium Machine Learning startups

Toon Coppens (Belgium, 1981), graduated as a Master of Science in Informatics at the University of Ghent.In june 2000, during his first year at university, he successfully launched the first Belgian social networking site, which later became Redbox.be.He is the co-founder of Massive Media, the social media company behind the successfuldigital brands Netlog.com and Twoo.com. Massive Media enables members to meet nearby people instantly. Today, Over 80 million people have joined our sites on web and mobile.Toon lives in Ghent (Belgium) and London (UK), loves snowboarding and used to deejay and play volleyball a lot.>> Toon's personal Netlog (dutch)>> Twoo.com (dutch)

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Investment focus

  • Industry: SaaS, Software, Machine Learning
  • Stage:Seed, Pre-Seed, Angel
  • Geography: Belgium, United States

Investor stats

  • Total investments: 18
  • Round size: Seed $407k–$2.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Peliqan.io —
  • Accurat — Accurat provides real-word shopper insights to support retail decision making with unprecedented accuracy. Our proprietary technology, platform and algorithms understand behaviour in high detail.
  • Maurice & Nora — Maurice & Nora regelt vertrouwde hulp aan huis door zorgvuldig gescreende studenten. Van boodschappen en kinderopvang tot begeleiding, tuinhulp en gezelschap.
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KPN Ventures
VC Fund · Rotterdam, Zuid-Holland, The Netherlands · 3 investments in Belgium Machine Learning 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, Internet of Things, Information Technology
  • Stage:Series A, Series B, Series C
  • Geography: The Netherlands, United States, Belgium

Investor stats

  • Total investments: 49
  • Round size: Series A $2.3M–$15M; Series B $3.1M–$60M; Series C $24M–$180M
  • Lead/follow: 31% lead, 69% 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 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 is headquartered in London,England.
  • ElevenLabs — Create lifelike speech with our AI voice generator and voice agents platform. Access 5,000+ voices in 70+ languages with secure APIs and SDKs.
  • Openlayer — Openlayer is the AI governance and observability platform for regulated enterprises: one place to test, monitor, and govern every model, agent, and AI system your company runs.
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Pamica NV
VC Fund · Antwerp, Antwerpen, Belgium · 3 investments in Belgium Machine Learning startups

Pamica NV is the investment company of Michel Akkermans.

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Investment focus

  • Industry: Software, FinTech, Finance
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, Germany, United States

Investor stats

  • Total investments: 11
  • Round size: Seed $1.2M–$5.2M; Series A $5.5M–$8.8M; Venture - Series Unknown $1.5M–$11M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • 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.
  • CHILI publish — Allow users to edit customizable documents, or fully automate artwork generation. Output files are ready to use for print and digital.
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Jonathan Cornelissen
Angel · New York, New York, United States · 3 investments in Belgium Machine Learning startups

Jonathan Cornelissen is New York, New York and is the Co-Founder & Chief Executive Officer of DataCamp. He graduated from the Catholic University of Leuven.

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Investment focus

  • Industry: Software, Machine Learning, Information Technology
  • Stage:Pre-Seed
  • Geography: United States, Belgium, Israel

Investor stats

  • Total investments: 13
  • Round size: Pre-Seed $35k–$1.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NannyML — Open Source Library for post deployment data science
  • Audyo — Create audio like writing a doc. Edit words not waveforms, switch speakers and tweak pronunciations with phonetics.
  • Segments.ai — Label your point cloud and image data in a single task. For machine learning teams labeling robotics data at scale. Start your free trial now.
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Qbic Fund
VC Fund · Belgium, Wisconsin, United States · 3 investments in Belgium Machine Learning 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: 62
  • Round size: Seed $1.3M–$7.4M; Series A $1.6M–$34M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $54M in 2022

Portfolio highlights

  • Firecell — Firecell is a Telecommunications Industry.
  • Eyeo — eyeo revolutionizes imaging with color splitter sensors. Capture sharper, brighter images in low light using optical waveguide innovation, discover how it works
  • Sightera Biosciences — Revolutionizing drug discovery through AI-powered analysis of patient-derived models for breakthrough therapeutics in cancer and regenerative medicine.
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Point Nine
VC Fund · Berlin, Berlin, Germany · 3 investments in Belgium Machine Learning 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: 295
  • Round size: Seed $891k–$7.7M; Series A $3.2M–$24M; Series B $9M–$62M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $173M in 2022

Portfolio highlights

  • Sereact — The only real-world verified Vision-Language-Action AI. Proven at scale. Trained on the world's largest dataset of robotic picks.
  • Delivery Hero — Delivery Hero is the world's leading local delivery company. We are on a mission to deliver an amazing experience - fast, easy, and to your door.
  • Polar Analytics — Your Shopify Analytics. Effortless. Centralized. Smart. Connect your datasource in one clic, automatically calculate KPIs. Visualize them all in one place. Get alerts and recommendations in realtime
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Michel Akkermans
Angel · 2 investments in Belgium Machine Learning startups

Michel Akkermans is the Chairman and CEO of Pamica NV. Attended University of Leuven.

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, United States, Germany

Investor stats

  • Total investments: 14
  • Round size: Seed $1.2M–$11M; Series A $3M–$11M; Venture - Series Unknown $1.5M–$5M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Seaters A.I. - Unrivalled Brand Relation Management — Smart technology for sustainable brand relationships. A people-centric approach for customer activation and guest management.
  • 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.
  • Connective — Nitro Sign Enterprise simplifies complex workflows. Empower your teams with compliant eSignatures, seamless API integration, and expert eSigning support.
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Hummingbird Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 2 investments in Belgium Machine Learning 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: 166
  • Round size: Seed $1.2M–$24M; Series A $2M–$35M; Series B $2.5M–$60M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $140M in 2020

Portfolio highlights

  • Shutl — Shutl is a technology startup that offers convenient fulfillment services by connecting online retailers with local same-day couriers.The company solves fulfillment for retailers and shoppers by enabling immediate or convenient delivery of online purchases. Its platform creates a marketplace from the capacity of local courier firms and usesretail partners’ local stocks to fulfill purchases. It integrates with all major dispatch software and retailers’ existing technologies.Shutl operates in more than 50 towns across the United Kingdom with a virtual fleet of thousands of couriers who complete 10,000 deliveries every day.Shutl was founded in December 2009 by
  • MarkaVIP — Markavıp is an exclusive, invitation-only online shopping community focused on the Middle Eastern market. The website specializes in offering flash sales to its customers.Markavıp was founded by Ahmed Alkhatib, who previously spent 12 years in Silicon Valley working in the e-commerce industry. The website enjoys memberships from over 3 millionexclusive members across eight Arabic speaking countries including Jordan, Saudi Arabia, UAE, Qatar, Kuwait, Lebanon, Bahrain, and Oman.
  • Beat — Our mission is to help people move around the city quickly and conveniently. Simply put is your City, Your ride, your driver at a tap of a button.
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Access 48,091 investors

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

Browse database — It's Free!
PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Machine Learning startups, 8 in the past 12 months

Do and dare company

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Investment focus

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

Investor stats

  • Total investments: 159
  • Round size: Seed $1M–$4M; Series A $3M–$40M; Series B $6.6M–$43M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Biotalys — Biotalys is an Agricultural Technology (AgTech) company that employs its proprietary Agrobody technology platform to develop crop and food protection products. The company develops a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Biotalys' unique protein-based biocontrols combinethe high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.It was incorporated in 2013 and is based in the Biotech hub in Ghent, Belgium.
  • Borro — Cashless deposit system
  • Storm — Storm is een producent van hernieuwbare energie. Samen met ons team ontwikkelen, bouwen en exploiteren we duurzame energieprojecten over het hele land: van wind- en zonneparken tot snellaadstations en batterijopslag. Dit telkens tegen een zo laag mogelijke maatschappelijke kost.
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European Commission
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Belgium Machine Learning startups, 46 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, Biotechnology, Health Care
  • Stage:Grant, Seed, Pre-Seed
  • Geography: France, Spain, Germany

Investor stats

  • Total investments: 305
  • Round size: Seed $117k–$10M; Grant $117k–$74M; Pre-Seed $55k–$5.4M
  • Lead/follow: 68% lead, 32% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • Olenbee — Olenbee develops fintech solutions that connect employee benefits directly to everyday card spending. The company offers a mobile application and employer platform that link meal vouchers, gift vouchers and other planned benefits to employees’ usual bank cards and accounts. Its title-restaurant product Olenfood allows food-related expenses to beidentified from card transactions and reimbursed in line with regulation. The Olengift service applies the same principle to gift vouchers without dedicated cards or closed merchant networks. Olenbee also works on additional benefit lines such as culture, sustainable mobility, sport, holidays and home office support. Its infrastructure is designed to handle eligibility rules and integrate with HR and payroll processes for employers, while providing dedicated spaces for merchants and employees.
  • KG Catering — KG Catering is a Maltese hospitality and food service firm.
  • Sanofi Germany — Sanofi is a life sciences company specialising in the development, manufacture, and marketing of innovative therapeutic solutions.
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Singular
VC Fund · Paris, Ile-de-France, France · 2 investments in Belgium Machine Learning startups, 10 in the past 12 months

Singular is a generalist venture capital firm backing ambitious European entrepreneurs.

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Investment focus

  • Industry: Software, Analytics, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: France, Germany, United Kingdom

Investor stats

  • Total investments: 65
  • Round size: Seed $3M–$10M; Series A $10M–$40M; Series B $29M–$60M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: Likely still investing — raised $440M in 2023

Portfolio highlights

  • Apoha — Stealth stage start-up
  • Lucis — 110+ data points. 11 body systems. 450+ partner labs. Personalised coaching. Understand your body and act on improving it.
  • Tsuga — Tsuga is redefining observability for the modern enterprise. Our mission is to deliver next-generation insights, clarity, and control through innovative observability solutions that empower organizations to understand, optimize, and scale their systems with confidence.
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BDO
VC Fund · Zaventem, Vlaams-Brabant, Belgium · 2 investments in Belgium Machine Learning startups

BDO delivers exceptional client service through engaged experts. Tweets by BDO professionals around the world. #accounting #tax #advisory

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Investment focus

  • Industry: Software, Generative AI, Machine Learning
  • Stage:Series A
  • Geography: Belgium

Investor stats

  • Total investments: 2
  • Round size: Series A $7M–$7M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Superlinear — Superlinear builds the AI Operating System for enterprise orchestration designed to coordinate people, processes, and machines.
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Olivier Coune
Angel · 2 investments in Belgium Machine Learning startups

Olivier Coune

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Investment focus

  • Industry: Outdoors, Software, Lifestyle
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 3
  • Round size: Seed $403k–$883k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Fishtripr — Fishtripr is on a mission to bring more people to the outdoors, fostering a deeper connection with nature. We want to change the story of recreational fishing through purveying the market's essential storytellers, brands, destinations, and resources, displayed in a way that magnifies the beauty of this extraordinary lifestyle and modernise itsperception.

With Fishtripr, now you can easily discover the best fishing experiences worldwide. From private fisheries to guides and lodges, we're the most comprehensive guide to travel fishing in Europe. Connect local fishing guides with anglers online is an entirely new way to experience recreational fishing and Fishtripr is at the forefront of the movement.
  • Big Bad Wolf — Big Bad Wolf is a brand-tech agency employing 30 digital experts. We help innovative businesses shape the future of their brand experience through digital transformation of their services, products and communication. We see Virtual Reality, Augmented Reality, Computer Vision, Machine Learning and Natural Interfaces as new opportunities to redesignand improve business-to-consumers interactions.We believe in a future where customer to brands relationships are redefined by the value they will create for each other through a meaningful use of technology.With more than 10 years of cutting-edge audiovisual know-how and emerging media expertise, we leverage on 3D digital content and spatial computing to help organizations release their full potential.
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Zero Prime Ventures
VC Fund · San Francisco, California, United States · 2 investments in Belgium Machine Learning startups, 6 in the past 12 months

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, Analytics
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 92
  • Round size: Seed $1.5M–$13M; Pre-Seed $497k–$3.4M; Series A $12M–$31M
  • Lead/follow: 8% lead, 92% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Archestra.AI — Enterprise MCP platform with security guardrails, compliance controls, and a curated catalog of 900+ evaluated Model Context Protocol servers for AI agents.
  • Qontext — Qontext is the context layer for the AI-native company, keeping knowledge structured, current, permission-aware, and ready for AI agents.
  • Structured AI — Construction AI QA/QC software that automatically reviews drawing packages and catches errors, code issues, and coordination clashes before they reach the field.
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Saffelberg Investments
VC Fund · Gooik, Vlaams-Brabant, Belgium · 2 investments in Belgium Machine Learning 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: Information Technology, Software, SaaS
  • Stage:Seed, Series A, Private Equity
  • Geography: Belgium, Australia, United States

Investor stats

  • Total investments: 20
  • Round size: Seed $1.5M–$2.4M; Series A $2.4M–$5.7M; Private Equity $1.2M–$40M
  • Lead/follow: 50% lead, 50% 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.
  • Iristick — Iristick smart glasses are the most balanced and lightweight on the market. A phone-tethered, comfortable hands-free solution for the deskless workforce.
  • 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.
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Sniper Investments
VC Fund · Mechelen-bovelingen, Limburg, Belgium · 2 investments in Belgium Machine Learning startups

Formed in 2011, Sniper Investments is a lean, transparent value investment fund with a long term philosophy. The fund builds on its management team’s full cycle track record in successfully raising, investing, managing and exiting Venture Capital and Private Equity portfolio’s in both up- and down cycles.Sniper Investments is a venture capitalfund investing in early stage companies primarily via equity participation. the fund combines the joint experience of Privast Capital Partners and Partners @ Venture.the geographical scope is determined by the need to be able to be close to the investee companies.

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Investment focus

  • Industry: Software, CRM, Video
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NGDATA — NGDATA is the consumer intelligence management solutions company that empowers enterprises seeking greater customer lifetime value to drive continuous, actionable insights to enable sales and increase customer loyalty.The company does this through its unique combination of Big Data management and machine learning technologies in a singleintegrated solution.Recently named one of Bank Systems and Technology Magazine’s “Top 7 Big Data Players to Watch,” NGDATA is headquartered in Ghent, Belgium with offices in New York City and San Francisco. The company provides solutions to data-driven sectors such as financial services, retail and media/publishing.
  • Divitel — Divitel is your partner for all things video; cutting-edge technology, consultancty, end-to-end deployments and continuously improving operations solutions.
  • Materialise — Materialise delivers 3D printing solutions for flexible volume manufacturing of industrial applications while continuing to drive mass personalization in healthcare.
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Force Over Mass Capital
VC Fund · London, England, United Kingdom · 2 investments in Belgium Machine Learning startups

Force Over Mass Capital is an FCA regulated venture capital firm focused on early stage technology investments across UK and Europe. We invest in B2B innovation across four verticals, i.e. Fintech, Artificial Intelligence, SaaS and Industry 4.0.FOM cap operates both seed and scale-up funds to support early stage businesses through their growthjourney.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 197
  • Round size: Seed $420k–$4.8M; Pre-Seed $241k–$2.4M; Series A $3.1M–$18M
  • Lead/follow: 22% lead, 78% follow
  • Last fund: May invest from a new fund soon — raised $131M in 2020

Portfolio highlights

  • Finovox — Finovox provides a solution for detecting false documents. They offer investigative tools to analyze, understand, and explain fraud. Additionally, they provide users with hard evidence of fraud.
  • Artificial Labs — Build your future placement and underwriting strategy with Artificial's pioneering technology.
  • Stoa Corporation — Unlock perks when you save. Saving, reimagined - get high-value perks upfront, not small bank interest.
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Lunar Ventures
VC Fund · Berlin, Berlin, Germany · 2 investments in Belgium Machine Learning startups

Lunar Ventures is a deep-tech, seed-stage venture fund with a team of 3 deep-tech expert partners in Berlin that come from science, and business in deep tech companies. The firm particularly invests across Europe into founders building high potential startups that specialize in artificial intelligence or machine learning, blockchain,cybersecurity, big data, analytics, or other industries.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 41
  • Round size: Seed $1M–$7.8M; Pre-Seed $35k–$2.5M; Series A $2.5M–$14M
  • Lead/follow: 41% lead, 59% follow
  • Last fund: Likely actively investing — fresh fund, raised $56M in 2025

Portfolio highlights

  • Emm — Emm is developing the next generation of consumer health tools to manage your health on your terms. We want to empower everyone to change the quality of their life by inherently understanding their health though technology and specialist knowledge.
  • Neurolabs — Neurolabs helps puts an end to out-of-stocks using a powerful combination of computer vision and synthetic data, improving customer experience and increasing revenue.
  • Oshen — Oshen is a technology enterprise that creates miniature autonomous sailboats designed for persistent, wide-area ocean tracking.
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 2 investments in Belgium Machine Learning 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, Health Care, Software
  • Stage:Series A, Series B
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 121
  • Round size: Series A $3.3M–$18M; Series B $5.3M–$45M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely actively investing — fresh fund, raised $53M in 2025

Portfolio highlights

  • Endo Tools Therapeutics — Endo Tools Therapeutics is dedicated to the development of innovative devices that provide therapeutic interventions for gastric conditions
  • Delft Advanced Biorenewables — We enable the bio-economy by improving the productivity of fermentations with our in-situ product recovery (ISPR) technology.
  • Trillium Renewable Chemicals — Trillium Renewable Chemicals manufactures chemicals from renewable feedstocks used in a variety of industrially important applications. The company was founded in 2021 and based in Knoxville, Tennessee.
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Wallimage Entreprises
VC Fund · 1 investments in Belgium Machine Learning startups

Wallimage Entreprises

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Investment focus

  • Industry: Software, Marketing, Advertising
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Big Bad Wolf — Big Bad Wolf is a brand-tech agency employing 30 digital experts. We help innovative businesses shape the future of their brand experience through digital transformation of their services, products and communication. We see Virtual Reality, Augmented Reality, Computer Vision, Machine Learning and Natural Interfaces as new opportunities to redesignand improve business-to-consumers interactions.We believe in a future where customer to brands relationships are redefined by the value they will create for each other through a meaningful use of technology.With more than 10 years of cutting-edge audiovisual know-how and emerging media expertise, we leverage on 3D digital content and spatial computing to help organizations release their full potential.
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ING Group
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Belgium Machine Learning startups, 30 in the past 12 months

Corporate site of ING, a global financial institution of Dutch origin, providing news, investor relations and general information

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Investment focus

  • Industry: Energy, Renewable Energy, Solar
  • Stage:Debt Financing, Post-IPO Debt, Series B
  • Geography: United Kingdom, United States, The Netherlands

Investor stats

  • Total investments: 130
  • Round size: Series B $15M–$160M; Post-IPO Debt $149M–$3B; Debt Financing $100M–$1.3B
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • DataVita — At DataVita they specialise in innovative, agile data services to drive Scotland’s business future. The Fortis datacentre, located in the heart of Scotland, provides the most advanced, scalable and secure colocation and integrated cloud services in the North of the UK.
  • Retina — Retina si occupa di realizzare infrastrutture nel Mezzogiorno per la produzione di biometano dalla conversione dei reflui zootecnici.
  • Return — We are a club of optimists
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Pitchdrive
VC Fund · Antwerp, Antwerpen, Belgium · 1 investments in Belgium Machine Learning 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, Artificial Intelligence, SaaS
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Belgium, United Kingdom, United States

Investor stats

  • Total investments: 93
  • Round size: Seed $1M–$4.8M; Pre-Seed $110k–$2.5M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely actively investing — fresh fund, raised $69M in 2026

Portfolio highlights

  • OTIV — OTIV offers autonomous technology to make your railway operations in complex environment safer and more efficient.
  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
  • Driven — Driven is the easiest platform to design smart incentives, align targets, and boost overall sales performance.
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Target Global
VC Fund · Berlin, Berlin, Germany · 1 investments in Belgium Machine Learning startups

Target Global is a prominent European technology investment firm with a significant presence in the venture capital landscape, boasting over €3 billion in assets under management. The firm operates out of key tech hubs including London, Berlin, Tel Aviv, and Abu Dhabi, and has a rich portfolio featuring some of Europe's most successful techcompanies such as Revolut, Auto1, Copper, Delivery Hero, Docplanner, and Rapyd.Founding and GrowthTarget Global was established in 2015 by Shmuel Chafets and Yaron Valler, who brought a wealth of experience from their tenure at Hasso Plattner Ventures. Their professional partnership dates back 15 years to their time at Giza Venture Capital, a trailblazer in Israel's investment ecosystem, where they honed their investment acumen and industry foresight.Investment Philosophy and ImpactTarget Global stands out in the European tech industry for its diverse team and its ability to identify and capitalize on unique opportunities. The firm's knack for recognizing potential in the early stages of Germany's tech economy led to the emergence of several unicorns in the 2010s. As the European tech industry evolves, Target Global remains at the forefront, seeking out innovative companies like Robovision, Saleor, and Finom. These recent investments reflect the firm's commitment to supporting cutting-edge technology and business models.Fundraising SuccessesTarget Global's fundraising prowess is evident in its six investment funds, which have collectively raised significant capital. The funds range from Early Stage Funds, focusing on nascent startups, to Growth Funds that support more mature companies scaling their operations. The firm's co-investment strategy has led to over €1 billion in capital deployment across a diverse array of partnerships.Backing and AchievementsWith the backing of investors such as FERI, UBS, Allianz X, Mubadala, and Hermes GPE, Target Global has cemented its reputation as a trusted and successful investment firm. Its portfolio spans over 140 companies at various development stages, with a focus on those targeting trillion-dollar markets.Just a few of the many notable companies in the firm’s portfolio include:- Tarabut, MENA’s leading open banking platform, which was recently featured in Forbes Middle East’s list of Top 50 Fintech Companies.- Flo Health, an AI-driven women’s health product, which is the world’s top health and fitness app by downloads.- Robovision, an easy-to-use AI-driven computer vision platform for users to develop their own deep-learning-based solutions.- Enter, a German company that helps homeowners and businesses reduce their carbon footprint.Target Global's track record includes support for 15 unicorn companies, over 20 exits, and 7 IPOs, showcasing its ability to drive growth and success in the European tech ecosystem. The team, comprised of individuals with founder and operator backgrounds, continues to pursue exceptional opportunities to expand the firm's portfolio and influence.Target Global's journey from its inception to its current status as a key player in European venture capital is marked by strategic investments, a commitment to diversity, and a deep understanding of the tech industry's dynamics. With a clear vision for the future, Target Global is poised to continue its role in shaping the next wave of European tech giants.

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Investment focus

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

Investor stats

  • Total investments: 241
  • Round size: Seed $2M–$19M; Series A $3.8M–$34M; Series B $11M–$100M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: Likely still investing — raised $214M in 2022

Portfolio highlights

  • Enter — baupal seeks to democratize sustainable and customized architecture, making design, energy assessments, permitting and cost evaluations more accessible and straightforward for private builders and smaller construction projects. baupal is an online building application service that takes advantage of digital processes and efficient team structuresto streamline design, planning and permitting processes for a range of small-scale projects.baupal was established in December, 2020 in Berlin, Germany.
  • Alta — Alta leverages data and AI to drive business growth 24/7.
  • Nimble Way — Automate data collection with real-time pipelines. Power AI & BI with structured, cloud-integrated data for accurate insights & growth.
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Samsung Catalyst Fund
VC Fund · Menlo Park, California, United States · 1 investments in Belgium Machine Learning startups

Samsung Catalyst fosters innovation through guidance, expertise and connections, transforming innovative ideas into world-changing products at scale.

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Investment focus

  • Industry: Software, Artificial Intelligence, Semiconductor
  • Stage:Series B, Series C, Series A
  • Geography: United States, Israel, Germany

Investor stats

  • Total investments: 75
  • Round size: Series A $6.8M–$57M; Series B $14M–$110M; Series C $37M–$250M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • Oxmiq Labs — Licensable GPU IP and a unified runtime for the age of inference. OXMIQ Labs is re-architecting the GPU stack from atoms to agents.
  • Velaura AI — Velaura AI, Inc. (formerly Auradine) is a leader in ultra-low power compute solutions for data center, edge, and physical AI applications.
  • Normal Computing — Normal Computing was founded by former members of the Google Brain Team, Palantir, and X who unlocked AI for some of the largest-scale and most mission-critical production systems, and the industry leading ML frameworks for Probabilistic and Quantum AI.
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EIT Food
VC Fund · Belgium, Wisconsin, United States · 1 investments in Belgium Machine Learning startups

EIT Food is a European Knowledge and Innovation Community (KIC), which was set up to transform our food ecosystem. By connecting consumers with businesses, start-ups, researchers and students from around Europe, EIT Food supports innovative and economically sustainable initiatives which improve our health, our access to quality food, and our environment

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Investment focus

  • Industry: Biotechnology, Food and Beverage, Food Processing
  • Stage:Grant, Non-Equity Assistance, Seed
  • Geography: United Kingdom, Israel, Germany

Investor stats

  • Total investments: 129
  • Round size: Seed $252k–$9.7M; Grant $23k–$594k; Non-Equity Assistance $1.2k–$32k
  • Lead/follow: 68% lead, 32% follow

Portfolio highlights

  • Kokomodo — Kokomodo is a produce cocoa via plant cell culture. Kokomodo cellular agriculture technology produce real, controlled, climate-resilient cacao, everywhere, year-round.
  • Hooked Foods — Hooked Foods is working on a plant-based tuna substitute. By serving delicious plant-based seafood for everyone to enjoy, the company is leading the transition to a healthier seafood ecosystem. The company was established in 2019 and is headquartered in Sweden.
  • ProSeed Ingredients — ProSeed Ingredients SA develops plant-based ingredients from seed side streams for food and nutrition brands. The portfolio includes protein concentrates, fibers, and functional flours processed from oilseed press cakes and other by-products. These ingredients support applications in bakery, snacks, beverages, dairy alternatives, and meat analogsthrough water binding, emulsification, and texture control. The company offers application trials, prototyping, and co-development to adapt functional performance to specific recipes. Quality and regulatory services include specification sheets, traceability, allergen management, and consistent lot-to-lot performance. Sampling, pilot runs, and scale-up guidance help R&D and procurement teams evaluate and integrate the ingredients into existing production.
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SmartFin
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Machine Learning 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, Seed
  • Geography: Belgium, The Netherlands, Turkey

Investor stats

  • Total investments: 62
  • Round size: Seed $549k–$6.7M; Series A $5M–$13M; Series B $3M–$30M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely actively investing — fresh fund, raised $257M in 2025

Portfolio highlights

  • Timefold — Experts in PlanningAI for complex scheduling and routing
  • Auditstage — The first AI-powered workspace for financial auditors. Automate manual workflows, draft working papers, and scale your firm with human-in-the-loop AI agents.
  • BrightAnalytics — Intuitive, reliable and fast. Consolidated reporting from BrightAnalytics.
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SFPI-FPIM
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Machine Learning startups

The Federal Holding and Investment Company (SFPI-FPIM) centrally manages the federal government’s shareholdings, cooperates with the government on specific projects and pursues its own investment policy in the interests of the Belgian economy.

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Investment focus

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

Investor stats

  • Total investments: 42
  • Round size: Series A $4.3M–$49M; Series B $12M–$75M; Series C $5.6M–$250M
  • Lead/follow: 14% lead, 86% follow

Portfolio highlights

  • Cohabs — We create sustainable & community-driven shared homes around the world for young workers and interns. Join our community.
  • Axelera AI — Axelera AI is a company that delivers purpose-built hardware and software platforms designed to accelerate artificial intelligence tasks, particularly in edge computing. The company's flagship product, the Metis™ AI Platform, integrates both hardware and software components to deliver high-performance, energy-efficient AI inference solutions.This platform has been recognized for its innovation, notably being named a CES® 2024 Innovation Awards Honoree.Incubated in 2019 by the emerging technologies leader Bitfury and joined by the leading nano-technology group imec in early 2020, Axelera AI launched as a new company in 2021. Headquartered in the AI Innovation Center of the High Tech Campus in Eindhoven, Axelera AI has R&D offices in Belgium, Switzerland, and Italy. Its team of experts in AI software and hardware hail from top AI firms and Fortune 500 companies.
  • Tangent Works — Create predictive models in seconds for faster and better forecasting & anomaly detection with TIM InstantML.
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Id4 ventures
VC Fund · Lille, Nord-Pas-de-Calais, France · 1 investments in Belgium Machine Learning startups

Id4 is an asset manager, designed for family offices and private investors, committed to unearth valuable and outstanding tech opportunities in Europe

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: France, United Kingdom, Belgium

Investor stats

  • Total investments: 53
  • Round size: Seed $560k–$6.5M; Pre-Seed $182k–$2M; Series A $5.9M–$43M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: May invest from a new fund soon — raised $15M in 2019

Portfolio highlights

  • EmbodyX — EmbodyX builds Physical AI that powers the industrial world
  • Pathway — Frontier AI lab building architectures and models that autonomously reason, learn, and evolve.
  • Orbital Paradigm — Orbital Paradigm builds reusable vehicles that carry cargo to space and bring it back. Dedicated missions, any orbit, on your schedule. Based in Madrid.
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Stijn Christiaens
Angel · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Machine Learning startups

Stijn Christiaens is based out of Brussels, Brussels Hoofdstedelijk Gewest and is the Founder and Chief Data Citizen of Collibra. Stijn previously worked at Vrije Universiteit Brussel as a Researcher. Stijn Christiaens attended the KU Leuven. Stijn Christiaens has been certified in Data Monetization Strategy: Creating Value Through Data.

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Investment focus

  • Industry: Software, Big Data, Data Integration
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, The Netherlands, Spain

Investor stats

  • Total investments: 10
  • Round size: Seed $3M–$6.5M; Pre-Seed $1.1M–$3M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Otamiser — Otamiser Booster® is an automated solution that helps hoteliers and revenue managers secure bookings by improving a property's online presence on major OTAs such as Booking.com, Expedia, Trips.com, Kayak, Airbnb, and VRBO. It maximizes occupancy rates and revenue through optimizing 951 essential parameters, ensuring continuous optimization,full automation, seamless integration with CMS, PMS, and RMS systems, dedicated customer support, integrations with Cubilis and Hostaway, and a customized API for Revenue Management software.
  • Sensity AI — Sensity AI thanks to an all-in-one approach can guarantee the best deepfake detection software capabilities currently available in the marketplace
  • Dalton — AI-powered website optimization that runs 24/7. Dalton automatically tests variations to boost conversions without manual work or development teams.
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Citi Ventures
VC Fund · San Francisco, California, United States · 1 investments in Belgium Machine Learning startups, 17 in the past 12 months

Citi Ventures ignites change and reimagines solutions to drive economic progress for Citi's clients. We explore, incubate, and invest in new ideas in partnership with Citi colleagues, our clients, and the innovation ecosystem to accelerate the discovery of new sources of value.

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Investment focus

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

Investor stats

  • Total investments: 289
  • Round size: Series A $5M–$40M; Series B $15M–$80M; Series C $28M–$200M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Rogo — Rogo is the secure generative AI (GenAI) platform built for elite financial institutions. Save time, unlock insights and automate workflows in days.
  • skan.ai — Skan.ai uses cognitive technologies to map, model, and manage business processes by creating digital twins of human/digital interactions. Skan.ai replaces human interviews and observation, which are not accurate, by cognitive tooling that learns based on observation of human/digital work. Skan does this at scale and learns /reconstructs business processes grounds up. This approach is significantly faster, more accurate, and has much greater depth and coverage.
  • Straiker — Security for agentic AI applications built from the ground up with fine-tuned models to protect and secure every layer of your agentic AI stack.
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Anthony Brenninkmeijer
Angel · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Machine Learning startups

Anthony Brenninkmeijer Strategy - Start-ups - Scale-ups - Angel Investor.

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Investment focus

  • Industry: Software, SaaS, EdTech
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, United States

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NannyML — Open Source Library for post deployment data science
  • Contractify — Contract management software for e-signing, managing and automating all your contracts online. Contractify empowers teams to collaborate online.
  • memoryOS — Discover how to drastically improve your memory with a new gamified e-learning app. memoryOS adds structured storage space to your mind (i.e., Memory Palace) and enables its use.
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Jonas Deprez
Angel · Gent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Machine Learning startups

Jonas Deprez is a Belgian entrepreneur and tech founder with a passion for building data-driven solutions that simplify complexity. He is the co-founder and co-CEO of Donna, an AI-powered assistant that automates administrative tasks for field sales teams, freeing them up to focus on what truly matters - selling.Before Donna, Jonas foundedDaltix, a retail data company that delivered real-time insights into pricing, promotions, and product assortments for leading retailers across Europe. Under his leadership, Daltix grew from a local startup into a market leader, and was successfully acquired by Colruyt Group in 2023.Based in Ghent, Jonas is also an active angel investor and advisor within the Belgian startup ecosystem, supporting early-stage founders who are building the next wave of innovative companies.Driven by curiosity and a love for smart technology, Jonas continues to focus on the intersection of AI, data, and human productivity - always looking for better ways to work, live, and build.

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Investment focus

  • Industry: Artificial Intelligence, SaaS, Software
  • Stage:Seed, Convertible Note
  • Geography: Belgium, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $782k–$2.2M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Markmi — We give fashion retail teams access to optimized price markdowns through a fast, tailored, and easy-to-use AI assistant.
  • Peliqan.io —
  • Driven — Driven is the easiest platform to design smart incentives, align targets, and boost overall sales performance.
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Lieven Danneels
Angel · Bruges, West-Vlaanderen, Belgium · 1 investments in Belgium Machine Learning startups

Bruges Metropolitan CEO of Televic

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Investment focus

  • Industry: Software, FinTech, Cryptocurrency
  • Stage:Angel, Pre-Seed
  • Geography: Belgium, United Kingdom

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NannyML — Open Source Library for post deployment data science
  • Crypcentra — End-to-end digital asset investment tools. Built for institutions.
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Molenwater Group
VC Fund · Herentals, Antwerpen, Belgium · 1 investments in Belgium Machine Learning startups

Molenwater Groep is een Belgische investeringsgroep met focus op duurzame meerwaarde en participaties in verschillende sectoren.

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Investment focus

  • Industry: Analytics, Data Management, Machine Learning
  • Stage:Series A
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • Tangent Works — Create predictive models in seconds for faster and better forecasting & anomaly detection with TIM InstantML.
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Angelwise
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium Machine Learning 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: 17
  • Round size: Seed $873k–$2.9M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $23M in 2022

Portfolio highlights

  • Adomate — Adomate helps performance teams turn customer signals, competitor insights, and brand data into on-brand ad concepts with AI workflows they build and control.
  • 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
  • Powerhouse — Powerhouse is your all-in-one solution for turning complex property operations into streamlined, automated workflows. Built on Salesforce for seamless integrations and powerful insights.
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Red River West
VC Fund · Paris, Ile-de-France, France · 1 investments in Belgium Machine Learning startups

RRW invests in outstanding European Tech companies. We promote their international take-off by providing significant financial firepower and game changing ...

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Investment focus

  • Industry: Artificial Intelligence, Software, SaaS
  • Stage:Series A, Series B, Series C
  • Geography: France, Germany, United States

Investor stats

  • Total investments: 26
  • Round size: Series A $11M–$44M; Series B $10M–$158M; Series C $29M–$450M
  • Lead/follow: 54% lead, 46% follow
  • Last fund: Likely still investing — raised $105M in 2021

Portfolio highlights

  • Veesion — Veesion: AI-driven smart video surveillance. Detect theft in real time. Protect your business now.
  • Hypr Space (Hybrid Propulsion for Space) — Get ready for the next technology leap in space industry. We develop engines and vehicles that are cheaper, quicker and greener for earth to space and space to space transportation systems. Our patented innovation is based on brand new architecture for hybrid propulsion engines, unlocking previously unreachable capabilities.
  • The Exploration Company — For Space & Non-Space Industries.
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Samsung Strategy and Innovation Center
VC Fund · Menlo Park, California, United States · 1 investments in Belgium Machine Learning startups

Discover the latest in electronic & smart appliance technology with Samsung. Find the next big thing from smartphones & tablets to laptops & tvs & more.

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Investment focus

  • Industry: Hardware, Software, Semiconductor
  • Stage:Series A, Seed, Series B
  • Geography: United States, Belgium, United Kingdom

Investor stats

  • Total investments: 5
  • Round size: Series A $27M–$30M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: May invest from a new fund soon — raised $100M in 2013

Portfolio highlights

  • Afero — Created by mobile and hardware veterans from Google, Apple, Nest, Amazon, Twitter, and Netflix, Afero is a comprehensive and secure platform for cloud-connected devices in any industry. The Afero turnkey architecture incorporates a secure Bluetooth® Smart module, scalable cloud services, and a range of development tools that enable companies anddevelopers to quickly prototype and build connected devices, then gather meaningful analytics. Afero connects your smart devices and enables them to work together. Afero empowers entrepreneurs and companies to improve the way people communicate with each other and everything around them.
  • Graphcore — Graphcore has built a new type of processor for machine intelligence to accelerate machine learning and AI applications for a world of intelligent machines
  • Sentiance — Sentiance turns motion into insights, empowering companies to create personalized engagements, contribue to safety and sustainability, and revolutionize their customer experience.
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Bart Putteman
Angel · 1 investments in Belgium Machine Learning startups

Bart Putteman

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Investment focus

  • Industry: Publishing, Machine Learning, Retail Technology
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Accurat — Accurat provides real-word shopper insights to support retail decision making with unprecedented accuracy. Our proprietary technology, platform and algorithms understand behaviour in high detail.
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Selçuk Boydak
Angel · Freienbach, Schwyz, Switzerland · 1 investments in Belgium Machine Learning startups

Selçuk Boydak is the Co-Founder and Lecturer at AI Business School. Selçuk attended Boğaziçi University.

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Investment focus

  • Industry: Software, Education, E-Learning
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • DPhi — DPhi is envisioned to shape the future of AI/Innovation and democratize data science education. Our inception of the ecosystem started as a global data science community that is now home to 30K+ data and tech enthusiasts from 140+ countries.
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Noman Ahmed
Angel · Gent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Machine Learning startups

Noman Ahmed is a Founder, CEO & CTO at SmartEnds. He Attended Karlsruhe Institute of Technology (KIT).

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Investment focus

  • Industry: Software, CleanTech, Smart Cities
  • Stage:Pre-Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • SmartEnds — At BrighterBins we produce cost-effective smart sensors for municipal waste pickup. Our smart sensors prevent overflowing bins keeping cities clean and collect data enabling route optimization for waste pickup trucks. This means less heavy traffic, less CO2 emissions, and greener cities.
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Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium Machine Learning 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: 91
  • Round size: Seed $494k–$5.2M; Series A $1.6M–$11M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Monsana — Monsana offers an AI-powered platform that connects eligible participants to relevant clinical trials throughout Europe.
  • 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.
  • Aidoptation — Aidoptation develops autonomous driving technology for dual-use applications in commercial automotive, police and first-responder vehicles, and defence-relevant environments.
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Crane Venture Partners
VC Fund · London, England, United Kingdom · 1 investments in Belgium Machine Learning startups

Crane is a London based VC firm investing and building seed and early stage intelligent enterprise and deep technology businesses across Europe. Our strategy is to support founders in building and executing their go-to-market strategy.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 126
  • Round size: Seed $2.7M–$8.8M; Series A $8M–$39M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $140M in 2022

Portfolio highlights

  • Qovery — Qovery is a DevOps automation tool that lets developers deploy and scale applications on their cloud by simplifying and automating infrastructure so tech teams can focus on what matters most: building great products.
  • Nuclia — With Progress Agentic RAG, auto-index files and documents, streamlining use cases with LLMs and AI agents.
  • ConfigHub Inc. — ConfigHub will unify and centralize software infrastructure configuration in a way that existing tools do not.
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Innovation Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Machine Learning 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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Fortino Capital
VC Fund · Zaventem, Vlaams-Brabant, Belgium · 1 investments in Belgium Machine Learning 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: 72
  • Round size: Seed $2M–$5.8M; Series A $3.9M–$17M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — last raise in 2021

Portfolio highlights

  • Mkind — Mkind builds intelligent robots for high-mix manufacturing, developing advanced automation solutions that can adapt to diverse production requirements, improve operational efficiency, and support manufacturers in handling complex, low-volume, and frequently changing product lines.
  • Mobilexpense — Expense management solutions for mid-sized organisations and large enterprises. Automate your expense management: improve productivity and save costs.
  • Billy Grace — Billy Grace is AI Marketing Optimization Software that can revolutionize your online marketing efforts. Experience the unprecedented benefits of more precision, intelligence, and efficiency.
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Willem Delbare
Angel · Gent, Oost-Vlaanderen, Belgium · 1 investments in Belgium Machine Learning startups

Willem Delbare is the Co-founder at Officient. He attended Ghent University.

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Investment focus

  • Industry: Artificial Intelligence, Software, CRM
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, United States

Investor stats

  • Total investments: 8
  • Round size: Seed $407k–$6M; Pre-Seed $1.3M–$1.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Holmes — Holmes is an AI platform that autonomously tests applications and finds bugs before users find fault.
  • Belfort — Enabling Fully Homomorphic Encryption through Hardware Acceleration
  • Prelude — SMS & OTP verification infrastructure built for developers.
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Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Machine Learning 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 $285k–$3.2M; Pre-Seed $160k–$2.2M
  • 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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Merus Capital
VC Fund · Palo Alto, California, United States · 1 investments in Belgium Machine Learning startups

Merus Capital is an early-stage venture capital firm founded by former M&A leaders at Google and Microsoft. Merus empowers ambitious teams building tomorrow’s industry-defining platforms. The firm partners with founders that possess unique industry and customer insights, an unwavering commitment to product innovation, and a relentless focus onexecution.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 96
  • Round size: Seed $1.2M–$5.6M; Series A $1.3M–$21M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $75M in 2020

Portfolio highlights

  • Theneo — Generate Stripe-like API docs in just a few clicks. We support OpenAPI, Postman, GraphQL and much more
  • Resquared — Resquared has everything you need and more to reach local businesses. Contact data on every local business, optimized email and social outreach tools, and step-by-step built-in playbooks.
  • Parabola — Parabola is your toolkit for faster, smarter work. Automate any manual task you usually do in a spreadsheet.
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Will Margiloff
Angel · New York, New York, United States · 1 investments in Belgium Machine Learning startups

Will Margiloff is based out of New York, New York, and is the Vice Chairman of Zeta Global. Will previously worked at IgnitionOne as a CEO and Founder. Will Margiloff attended the Hobart and William Smith Colleges.

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Investment focus

  • Industry: Software, Analytics, Machine Learning
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sentiance — Sentiance turns motion into insights, empowering companies to create personalized engagements, contribue to safety and sustainability, and revolutionize their customer experience.
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Machine Learning Investor funding in Belgium at a glance

Stats across 63 deals from 85 investors.

85
investors
in Belgium Machine Learning startups
63
deals
in Belgium Machine Learning startups
$1.8M
median round
in Belgium Machine Learning startups
49%
lead investors
lead at least one round
32%
Seed
most common funding stage
84/16
VC / Angel
share of investor count

Access all 85 investors in Belgium Machine Learning startups.

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