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

## Limburgse Reconversie Maatschappij
- Type: VC Fund
- Location: Hasselt, Limburg, Belgium
- Relevant deals: 6
- Stages: Seed, Series A
- Focus: Information Technology, Software, Biotechnology

Oxygen for growth - LRM

## imec.xpand
- Type: VC Fund
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Semiconductor, Manufacturing, Medical Device

Expanding nanotechnology into business.

## S.R.I.W.
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 5
- Stages: Series A, Series B
- Focus: Health Care, Biotechnology, Manufacturing

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.

## Innovation Fund
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Health Care, Manufacturing, Information Technology

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

## PMV
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 5
- Stages: Series A, Seed
- Focus: Software, Biotechnology, Health Care

Do and dare company

## Gemma Frisius Fund
- Type: VC Fund
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 4
- Stages: Seed, Series B, Series A
- Focus: Biotechnology, Health Care, Medical

Gemma Frisius Fund KU Leuven is a seed capital fund that aims to stimulate the creation and growth of university related spin-off companies.

## Finindus
- Type: VC Fund
- Location: Zelzate, Oost-Vlaanderen, Belgium
- Relevant deals: 4
- Stages: Series A, Seed
- Focus: Manufacturing, Industrial, Renewable Energy

Finindus provides early stage financing and growth capital to innovative companies active in the area of materials, material processing and sustainable manufacturing. We are funded by ArcelorMittal and the Flemish Region and linked to OCAS, the world class metals research center located in Belgium.

## Capricorn Partners
- Type: VC Fund
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 3
- Stages: Series A, Series B
- Focus: Biotechnology, Health Care, Software

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

## Qbic Fund
- Type: VC Fund
- Location: Belgium, Wisconsin, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Biotechnology, Software, Health Care

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.

## HCVC
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Artificial Intelligence, Robotics

HCVC is an early-stage Venture Capital firm backing hardtech companies worldwide. Beyond its fund, HCVC supports hardtech founders through Hardware Club, a selective global community of 500+ startups with dedicated resources, partnerships and events.

## Eurazeo
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Series B, Seed
- Focus: Software, Information Technology, Health Care

Eurazeo is a private equity and venture capital firm that invests in SMEs and manages a diversified portfolio of assets.With its expertise in private equity, real estate, and private debt, the group supports companies of all sizes in their development commitment through the commitment of its 235 professionals. It provides companies with thenecessary investments needed to realize their growth potential.The firm was founded in 1969 and is based in Paris, Ile-de-France, France.

## KBC Focus Fund
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Electronics, Semiconductor, Health Care

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.

## Meusinvest (Noshaq)
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Biotechnology, Health Care, Medical

Noshaq offers financial services to help businesses develop.

## The Faktory Fund
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 3
- Stages: Seed, Pre-Seed
- Focus: Software, Analytics, Information Technology

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.

## Fidimec
- Type: VC Fund
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Industrial, Semiconductor, Medical

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

## invest.bw
- Type: VC Fund
- Location: Louvain-la-neuve, Vlaams-Brabant, Belgium
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Biotechnology, Manufacturing, Farming

invest.bw is a venture capital firm.

## WE International
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Energy, Health Care, Solar

WE International is a financial firm that provides an array of loans, funding, acquisition, and investment services.

## LRM
- Type: VC Fund
- Location: Hasselt, Limburg, Belgium
- Relevant deals: 2
- Stages: Seed
- Focus: Manufacturing, Drones, Sensor

Oxygen for growth - LRM

## Namur Invest
- Type: VC Fund
- Location: Namur, Namur, Belgium
- Relevant deals: 2
- Stages: Series A, Seed, Grant
- Focus: Health Care, Medical Device, Auctions

Namur Invest Group provides companies with financing solutions in various forms adapted to their needs, to strengthen their financial.

## VCT Vector Gestion
- Type: VC Fund
- Location: Nyon, Vaud, Switzerland
- Relevant deals: 2
- Stages: Seed
- Focus: Computer, Electronics, Manufacturing

VCT Vector Gestion is a wealth management company that offers financial services.

## Greyhound Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Series B, Seed, Series D
- Focus: Financial Services, FinTech, Banking

Global growth equity investment firm focused on technology-enabled businesses improving everyday lives

## Noshaq
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series B
- Focus: Manufacturing, Battery, Computer

The province's economic redistribution and development are facilitated by the Noshaq group.

## The CoFoundry
- Type: VC Fund
- Location: Antwerp, Antwerpen, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, SaaS, Security

The CoFoundry helps entrepreneurs transform their ideas into sustainable companies. Some say we cut through the funding hype and work hard to give your business a sustainable future.

## QBIC II
- Type: VC Fund
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Industrial, Construction, Biotechnology

QBIC II

## XAnge
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, E-Commerce

XAnge is a Franco-German team of venture capital investors that manages €450 million and invests in digital, deeptech, and impact startups.It is the innovation brand of the Siparex group, a major player in French private equity. XAnge is a key European investor in early-stage startups and is looking for game-changing startups and entrepreneurswho rock the code[s].The Paris, Ile-de-France-located company was founded in 2004.

## SmartFin
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Software, SaaS, Information Technology

Venture capital fund focussing on European B2B technology companies.

## Gimv
- Type: VC Fund
- Location: Antwerpen, Antwerpen, Belgium
- Relevant deals: 2
- Stages: Series B, Series A
- Focus: Biotechnology, Health Care, Medical

Gimv, a trusted European investment company, helps mid-market businesses create sustainable value through growth capital and expertise across diverse sectors.

## imec.istart Future Fund
- Type: VC Fund
- Location: Antwerp, Antwerpen, Belgium
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Satellite Communication, Software, Health Care

Early-stage venture capital fund focused on alumni of the imec.istart accelerator and exceptional tech founders building in Applied AI, Spacetech, Healthtech, and Deep Tech. Based in Antwerp, Belgium.

## Index Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, E-Commerce, Internet

Index Ventures is an international venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security.

## Buysse & Partners
- Type: VC Fund
- Location: Antwerpen, Antwerpen, Belgium
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, Cloud Computing, FinTech

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

## FPIM
- Type: VC Fund
- Location: Boca Raton, Florida, United States
- Relevant deals: 1
- Stages: Seed, Series B
- Focus: Manufacturing, Battery, Industrial

FPIM aims to separate the chaff from the wheat, to clarify the difference between utilization of nutritional supplements and the apocryphal.

## AA Sons
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, E-Commerce

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## Fundracer Capital
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed
- Focus: Manufacturing, Electric Vehicle

Fundracer Capital Fundracer is a closed venture capital fund that invests in pre-seed to series. Revolutionary start-ups and scale-ups in the mobility sector, with a strong emphasis on cycling technology.

## Rockley Group
- Type: VC Fund
- Location: Oxford, Oxfordshire, United Kingdom
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Electronics, Health Care

Our motivation is to build valuable companies that contribute to global sustainability and the improvement of human well-being.

## Spri
- Type: VC Fund
- Location: Bilbao, Pais Vasco, Spain
- Relevant deals: 1
- Stages: Seed
- Focus: Real Time, Automotive, Clean Energy

SPRI is a basque business development agency.

## Seed Capital Bizkaia
- Type: VC Fund
- Location: Bilbao, Pais Vasco, Spain
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Biotechnology, Manufacturing

Seed Capital de Bizkaia is a Regional Council company affiliated to Biscay Regional Council's Department of Economic Development and Innovation (Departamento de Innovación y Promoción Económica de la Diputación Foral de Bizkaia) whose aim is to manage a Venture Capital Fund called “Seed Capital Bizkaia, F.C.R.“.

## Exor Ventures
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, Health Care, Information Technology

Exor Ventures is the venture capital arm of Exor, one of Europe's largest diversified holding companies. Exor Ventures focuses on early and growth-stage investments in technology-driven companies across various sectors, including digital services, fintech, cybersecurity, and mobility. Exor Ventures leverages its strategic insights and globalnetwork to identify promising startups with disruptive potential and supports them through funding, mentorship, and access to its extensive resources. EXOR Seeds offers a truly different type of partnership to the select group of entrepreneurs that it backs:- As a fifth-generation family-led business, we proved that we are builders not traders;- Our permanent capital allows us to take a long-term view and put the interest of the companies We invest in first;- Our global network, across industries and geographies, is a unique advantage to entrepreneurs

## Korys
- Type: VC Fund
- Location: Halle, Vlaams-Brabant, Belgium
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Biotechnology, Information Technology, Renewable Energy

Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.

## SHIGERU AG
- Type: VC Fund
- Location: Ginza, Tokyo, Japan
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Natural Language Processing, Virtual Reality, Blockchain

SHIGERU AG is a technology company that leverages technological innovation to enable a new way of life.

## Mudcake
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 1
- Stages: Seed
- Focus: AgTech, Agriculture, Animal Feed

Mudcake is a microfund run by ex-founders dedicated to making the world a better place for the next generation.

## Nucleus Capital
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 1
- Stages: Pre-Seed, Seed, Series A
- Focus: Biotechnology, Food and Beverage, Manufacturing

Supporting purpose-driven founders solving systemic challenges to planetary health.

## Elaia
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Artificial Intelligence, Information Technology

Elaia is French venture capital firm focused on European digital and deep tech startups, from early stage to growth developpement. We back tech disruptors.

## Spreds
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: E-Commerce, Health Care, Online Portals

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

## Nuoyan Capital
- Type: VC Fund
- Location: Shanghai, Shanghai, China
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Manufacturing, Semiconductor, Electronics

Nuoyan Capital is a premier industrial investment institution specializing in optoelectronic displays, smart cars, compound semiconductors, and new energy.

## Welvaartsfonds
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Focus: Logistics, Manufacturing, Industrial Automation

Het Welvaartsfonds is een initiatief van de Vlaamse Overheid om een antwoord te bieden op de impact van de coronacrisis op de Vlaamse bedrijven.

## Saffelberg Investments
- Type: VC Fund
- Location: Gooik, Vlaams-Brabant, Belgium
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Fashion, E-Commerce

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.

## Lune Ventures
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: CleanTech, Manufacturing, Renewable Energy

Lune Ventures is a investment firm that helps tech, energy, and real estate to grow businesess.

## Aperam Ventures
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: CleanTech, Manufacturing, Renewable Energy

Aperam Ventures, a subsidiary of the steel company Aperam Group

## Group Van Overstraeten
- Type: VC Fund
- Location: Berchem, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Focus: Logistics, Manufacturing, Industrial Automation

Group Van Overstraeten is a family-owned business and nvest in prime fitness.

## Industrya
- Type: VC Fund
- Location: Seraing, Liege, Belgium
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Industrial, B2B, SaaS

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.