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

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Limburgse Reconversie Maatschappij | 6 | Belgium, United States, The Netherlands | Seed, Series A | Information Technology, Software, Biotechnology |
| imec.xpand | 6 | Belgium, United States, Germany | Seed, Series A, Series B | Semiconductor, Manufacturing, Medical Device |
| S.R.I.W. | 5 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| Innovation Fund | 5 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Information Technology |
| PMV | 5 | Belgium, United States, The Netherlands | Series A, Seed | Software, Biotechnology, Health Care |
| Gemma Frisius Fund | 4 | Belgium, France, United Kingdom | Seed, Series B, Series A | Biotechnology, Health Care, Medical |
| Finindus | 4 | Belgium, United States, Sweden | Series A, Seed | Manufacturing, Industrial, Renewable Energy |
| Capricorn Partners | 3 | Belgium, United States, The Netherlands | Series A, Series B | Biotechnology, Health Care, Software |
| Qbic Fund | 3 | Belgium, The Netherlands | Seed, Series A | Biotechnology, Software, Health Care |
| HCVC | 3 | United States, France, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Robotics |
| Eurazeo | 3 | France, United States, Germany | Series B, Seed | Software, Information Technology, Health Care |
| KBC Focus Fund | 3 | Belgium, The Netherlands, Germany | Seed, Series A | Electronics, Semiconductor, Health Care |
| Meusinvest (Noshaq) | 3 | Belgium, France, Germany | Series A, Seed | Biotechnology, Health Care, Medical |
| The Faktory Fund | 3 | Belgium, France, United States | Seed, Pre-Seed | Software, Analytics, Information Technology |
| Fidimec | 2 | Belgium | Series A, Seed | Industrial, Semiconductor, Medical |
| invest.bw | 2 | Belgium, United States | Seed, Pre-Seed, Series A | Biotechnology, Manufacturing, Farming |
| WE International | 2 | Belgium, United States, Germany | Series A, Seed | Energy, Health Care, Solar |
| LRM | 2 | Belgium, The Netherlands | Seed | Manufacturing, Drones, Sensor |
| Namur Invest | 2 | Belgium, United States | Series A, Seed, Grant | Health Care, Medical Device, Auctions |
| VCT Vector Gestion | 2 | Belgium | Seed | Computer, Electronics, Manufacturing |
| Greyhound Capital | 2 | United States, India, United Kingdom | Series B, Seed, Series D | Financial Services, FinTech, Banking |
| Noshaq | 2 | Belgium, France, United States | Seed, Pre-Seed, Series B | Manufacturing, Battery, Computer |
| The CoFoundry | 2 | Belgium, The Netherlands, United States | Seed, Series A | Software, SaaS, Security |
| QBIC II | 2 | Belgium | Series B, Series A | Industrial, Construction, Biotechnology |
| XAnge | 2 | France, Germany, Belgium | Series A, Seed, Series B | Software, SaaS, E-Commerce |
| SmartFin | 2 | Belgium, The Netherlands, Turkey | Series B, Series A | Software, SaaS, Information Technology |
| Gimv | 2 | Belgium, United States, France | Series B, Series A | Biotechnology, Health Care, Medical |
| imec.istart Future Fund | 2 | Belgium, United Kingdom | Seed, Pre-Seed, Series A | Satellite Communication, Software, Health Care |
| Index Ventures | 2 | United States, United Kingdom, France | Series A, Series B, Seed | Software, E-Commerce, Internet |
| Buysse & Partners | 2 | Belgium, United Kingdom, The Netherlands | Series A, Seed | Software, Cloud Computing, FinTech |
| FPIM | 1 | Belgium | Seed, Series B | Manufacturing, Battery, Industrial |
| AA Sons | 1 | France, United States, Israel | Seed, Series A | Software, Information Technology, E-Commerce |
| Fundracer Capital | 1 | Belgium | Seed | Manufacturing, Electric Vehicle |
| Rockley Group | 1 | United States, United Kingdom | Seed | Medical, Electronics, Health Care |
| Spri | 1 | Spain | Seed | Real Time, Automotive, Clean Energy |
| Seed Capital Bizkaia | 1 | Spain, Mexico, Belgium | Seed, Series A | Software, Biotechnology, Manufacturing |
| Exor Ventures | 1 | United States, Italy, France | Seed, Pre-Seed, Series A | Software, Health Care, Information Technology |
| Korys | 1 | Belgium, The Netherlands, Germany | Series A, Series B | Biotechnology, Information Technology, Renewable Energy |
| SHIGERU AG | 1 | United States, Japan, Belgium | Pre-Seed, Seed, Series A | Natural Language Processing, Virtual Reality, Blockchain |
| Mudcake | 1 | Sweden | Seed | AgTech, Agriculture, Animal Feed |
| Nucleus Capital | 1 | Germany, United States, United Kingdom | Pre-Seed, Seed, Series A | Biotechnology, Food and Beverage, Manufacturing |
| Elaia | 1 | France, United States, Spain | Seed, Series A, Series B | Software, Artificial Intelligence, Information Technology |
| Spreds | 1 | Belgium, France | Series A, Seed, Series B | E-Commerce, Health Care, Online Portals |
| Nuoyan Capital | 1 | China, Belgium | Seed, Series A | Manufacturing, Semiconductor, Electronics |
| Welvaartsfonds | 1 | Belgium |  | Logistics, Manufacturing, Industrial Automation |
| Saffelberg Investments | 1 | Belgium | Series A, Seed | Software, Fashion, E-Commerce |
| Lune Ventures | 1 | Belgium | Pre-Seed | CleanTech, Manufacturing, Renewable Energy |
| Aperam Ventures | 1 | Belgium | Pre-Seed | CleanTech, Manufacturing, Renewable Energy |
| Group Van Overstraeten | 1 | Belgium |  | Logistics, Manufacturing, Industrial Automation |
| Industrya | 1 | France, Belgium | Seed, Series A | Industrial, B2B, SaaS |