# Top 50 Medical Device Startup Investors in Belgium in June 2026 ## 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 ## 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. ## Capricorn Partners - Type: VC Fund - Location: Leuven, Vlaams-Brabant, Belgium - Relevant deals: 5 - 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 ## Meusinvest (Noshaq) - Type: VC Fund - Location: Liège, Liege, Belgium - Relevant deals: 5 - Stages: Series A, Seed - Focus: Biotechnology, Health Care, Medical Noshaq offers financial services to help businesses develop. ## Pierre Rigaux - Type: Angel - Location: Ougrée, Liege, Belgium - Relevant deals: 4 - Stages: Seed, Pre-Seed, Convertible Note - Focus: Sports, Medical Device Pierre Rigaux ## WING by Digital Wallonia - Type: VC Fund - Location: Liège, Liege, Belgium - Relevant deals: 3 - Stages: Seed, Convertible Note, Series A - Focus: Software, Health Care, SaaS W.IN.G by Digital Wallonia invests in SAAS, advanced tech and deep tech startups (AI, drones, medtech, IOT,...). W.IN.G brings smart money by helping startups by bi-weekly interactions and providing an operating teams (seasonal entrepreneurs being hands-on with the portfolio). ## Namur Invest - Type: VC Fund - Location: Namur, Namur, Belgium - Relevant deals: 3 - 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. ## White Fund - Type: VC Fund - Relevant deals: 3 - Stages: Seed, Series A - Focus: Health Care, Medical, Medical Device For game changers in medtech ## Newton Biocapital - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 3 - Stages: Series A, Seed - Focus: Biotechnology, Medical, Pharmaceutical Our mission is to mature innovation and support the growth of our portfolio companies to create value for patients, society, local ecosystems, and investors. ## GoBeyond - Type: VC Fund - Location: Zürich, Zurich, Switzerland - Relevant deals: 2 - Stages: Seed, Series A - Focus: Information Technology, Medical, Software GoBeyond is a FinTech company transforming angel investing into a new scalable asset class for small and large, novice to experienced investors. It offers a unique deal platform, portfolio tools, syndication/pooling, due diligence, investment monitoring services, training and certified deal leaders.Its clients are individuals, familyoffices, professional groups and corporations. It is active in the EU, Switzerland and the US. GoBeyond also offers educational training modules for angel investors in 11 categories. ## Kurma Partners - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 2 - Stages: Series A, Seed, Series B - Focus: Health Care, Biotechnology, Medical Kurma Partners is a management company based in Paris, specializing in the financing of innovation in healthcare and biotechnology, from pre-creation to development capital. Kurma Partners, which manages the Kurma Biofund I, II funds and the Kurma Diagnostics fund, is one of the main players in the financing of therapeutic and medical innovationsin Europe, particularly through links with many institutes. research and prestigious hospitals. ## Spreds - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 2 - 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. ## Inventures SA - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 2 - Stages: Series A, Seed - Focus: Health Care, Biotechnology, Manufacturing Inventures is a European venture capital fund that builds a better world through a portfolio of investments in sustainable businesses.The firm has two funds: Inventures I & Inventures II.Inventures was created to support early stage smart and innovative European businesses, to support sustainable job growth and empower entrepreneurs.Inventures empowers citizenship co-investments through a crowdfunding platform, MyMicroInvest. ## Theodorus III - Type: VC Fund - Relevant deals: 2 - Stages: Seed, Series A - Focus: Health Care, Life Science, Medical Theodorus is the spin-off fund of Université Libre de Bruxelles that invests ininvest in early stage projects based on proprietary disruptive technologies. ## imec.xpand - Type: VC Fund - Location: Leuven, Vlaams-Brabant, Belgium - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Semiconductor, Manufacturing, Medical Device Expanding nanotechnology into business. ## 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. ## UI Investissement - Type: VC Fund - Location: Paris, Ile-de-France, France - Relevant deals: 2 - Stages: Private Equity, Series A, Seed - Focus: Manufacturing, Software, Health Care Since 1967, the UI brand embodies a partnership with companies. Actor of the economy, UI has accompanied more than 120 SMEs over the last fifteen years, investing more than 550m € and giving substance to their development projects. Combining experience and corporate culture, UI has established itself as an involved and independent partner, able tocount on its shareholder leaders to favor, independently, the sustainable performance of the SMEs it accompanies. ## Sensinnovat - Type: VC Fund - Relevant deals: 2 - Stages: Series A, Series B - Focus: Medical, Diabetes, Health Care Sensinnovat ## New Science Ventures - Type: VC Fund - Location: New York, New York, United States - Relevant deals: 2 - Stages: Series B, Series A - Focus: Biotechnology, Health Care, Medical New Science Ventures is a venture capital firm that focuses on investments in life sciences and information technology companies. They invest in early and late stage companies taking novel scientific approaches to address significant unmet needs, while creating order-of-magnitude improvements in performances. The company also invests in companiesusing science-based innovations to address market needs in life sciences such as pharmaceuticals, biologics, medical devices, diagnostics, and IT. The team of the company expertise in strategy and corporate planning, operations and cost management, and leadership development. ## Amazon Alexa Fund - Type: VC Fund - Location: Seattle, Washington, United States - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Software, Artificial Intelligence, Machine Learning The Amazon Alexa Fund is Amazon’s venture capital fund investing in artificial intelligence, frontier tech, voice, robotics, and digital health across consumer and enterprise. We invest in early- to growth-stage companies globally. To learn more, visit us at alexafund.com. ## Sambrinvest - Type: VC Fund - Location: Gosselies, Hainaut, Belgium - Relevant deals: 2 - Stages: Seed, Series A, Series B - Focus: Biotechnology, Health Care, Medical Sambrinvest is an active venture capital player in the region of Charleroi - Thuin. ## Qbic Fund - Type: VC Fund - Location: Belgium, Wisconsin, United States - Relevant deals: 2 - 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. ## Spinventure - Type: VC Fund - Location: Angleur, Liege, Belgium - Relevant deals: 2 - Stages: Series A - Focus: Health Care, Biotechnology, Medical Spinventure supports the creation of spin-off companies that aim to industrialize and commercialize the result of scientific research. Spinventure was born from a collaboration between MEUSINVEST and the University of Liège. It is headquartered in Angleur, Belgium. ## TCD Capital (ex TheClubDeal) - Type: VC Fund - Location: Uccle, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 2 - Stages: Series A, Series B, Seed - Focus: Health Care, Biotechnology, Information Technology TheClubDeal is an investment holding and fund manager co-investing into SME’s and real estate projects. It provides facilitation of governance between non-executive shareholders and entrepreneurs. Its governance structure, including its charter of avoidance of conflict of interests, is therefore paramount to the adequate management of the Company.At TheClubDeal, we connect Investors and Entrepreneurs around promising investment opportunities. For each of these, we will invest ourselves and co-invest with a selected number of investors. We add value by processing strong applied governance principles, when selecting and managing our investments, and by gathering the necessary skills to successfully grow the businesses and real-estate projects we co-invest in. TheClubDeal is launching their second fund, a 50M € PRIVAK/PRICAF in H1 2021 with the mandate to invest in Belgian scale-ups in three sectors: Smart Living, Tech and Life Sciences. ## Vives Louvain Technology Fund - Type: VC Fund - Location: Louvain-la-neuve, Vlaams-Brabant, Belgium - Relevant deals: 2 - Stages: Series A, Series B - Focus: Health Care, Biotechnology, Medical Vives is an interregional seed and early stage technology multi-sector fund. The new fund, initiated by UCLouvain, is a unique European inter-university fund having access to world class innovations from leading EU top universities. ## Flanders Future Techfund - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Medical, Semiconductor, Clinical Trials Flanders Future Techfund operates as an investment firm. ## Fidimec - Type: VC Fund - Location: Leuven, Vlaams-Brabant, Belgium - Relevant deals: 1 - 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. ## Financière Spin-Off Luxembourgeoise - Type: VC Fund - Relevant deals: 1 - Stages: Series A - Focus: Medical, Health Care, Medical Device Specializes in spin-off and spin-out investments. ## Nausicaa Ventures - Type: VC Fund - Location: Mont-saint-guibert, Brabant Wallon, Belgium - Relevant deals: 1 - Stages: Series B - Focus: Software, CRM, Big Data A multi-industry early stage venture capital fund Nausicaa Ventures is an early stage investment fund organisation focused on investment rounds between EUR 1 and 4 million. Nausicaa Ventures was created in 2009 by bringing together 35 private investors and selected institutional investors, such as the European Investment Fund or ING Bank, under the management of ... ## Earlybird Venture Capital - Type: VC Fund - Location: Berlin, Berlin, Germany - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Software, Information Technology, Artificial Intelligence Founded in 1997, Earlybird is a pan-European VC investor backing tech-enabled companies and investing in their growth and development. Funds include Earlybird, Earlybird Health, Growth Opportunities. ## EIC Fund - Type: VC Fund - Relevant deals: 1 - Stages: Pre-Seed, Seed - Focus: Biotechnology, Health Care, Information Technology start-ups, SMEs, technology, co-investment ## Thuja Capital - Type: VC Fund - Location: Utrecht, Utrecht, The Netherlands - Relevant deals: 1 - Stages: Series A, Seed - Focus: Biotechnology, Medical, Health Care Thuja Capital invests in early stage medical product innovations for diagnosis, cure, care or prevention. ## 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. ## 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. ## Fonds Vives II (University of Louvain, UCL) - Type: VC Fund - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Biotechnology, Health Care, Medical Fonds Vives II (University of Louvain, UCL) ## Parana Management - Type: VC Fund - Location: Sint-martens-latem, Oost-Vlaanderen, Belgium - Relevant deals: 1 - Stages: Series A, Series B - Focus: Medical, Diabetes, Health Care Parana Management ## Invest Mons Borinage Centre - Type: VC Fund - Location: Mons, Hainaut, Belgium - Relevant deals: 1 - Stages: Seed, Pre-Seed, Series A - Focus: Agriculture, AgTech, Farming IMBC is particularly active in the agri-food, technology, and environmental sectors, with direct links to the ecosystems of the Mons Borinage region. ## Sofinex - Type: VC Fund - Relevant deals: 1 - Stages: Series A - Focus: Wellness, Lifestyle, Health Care Sofinex is an investment comapny. ## Yves Beudin - Type: Angel - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Angel - Focus: Medical, Health Care, Biotechnology Yves Beudin ## Jean Dessain - Type: Angel - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Angel - Focus: Medical, Health Care, Biotechnology Jean Dessain - Non Executive Director @ OneLIFE ## Lumiares - Type: VC Fund - Location: Gent, Oost-Vlaanderen, Belgium - Relevant deals: 1 - Stages: Pre-Seed - Focus: Software, Health Care, Manufacturing Guiding health technology towards a brighter future. ## Boehringer Ingelheim Venture Fund - Type: VC Fund - Location: Ingelheim Am Rhein, Rheinland-Pfalz, Germany - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Biotechnology, Health Care, Therapeutics Discover Boehringer Ingelheim Venture Fund. We invest in groundbreaking science to transform care. Explore our mission and join us in advancing medicine ## Manuardeo - Type: VC Fund - Relevant deals: 1 - Stages: Series A, Series B - Focus: Medical, Diabetes, Health Care Manuardeo is an early stage investments focused VC firm. ## Invest BW - Type: VC Fund - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Health Care, AgTech, Medical Invest BW is a funding program. ## Pierre Drion - Type: Angel - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Series A, Series B - Focus: Biotechnology, Health Care, Life Science Pierre Drion - CEO @ Petercam ## SFPI-FPIM - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Series B, Series A - Focus: Health Care, Biotechnology, Medical 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. ## LeanSquare - Type: VC Fund - Location: Liège, Liege, Belgium - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Music, Information Technology New Economy Startups Investor & Accelerator ## Carevolution - Type: VC Fund - Relevant deals: 1 - Stages: Seed - Focus: Health Care, mHealth, Therapeutics Offers health consulting services ## New Rhein - Type: VC Fund - Location: Philadelphia, Pennsylvania, United States - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: Medical, Biotechnology, Health Care New Rhein is a Philadelphia based healthcare venture capital firm focused on repurposed assets. ## EQT Life Sciences - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Series A, Series B, Series C - Focus: Biotechnology, Health Care, Therapeutics Providing capital plus strategic, clinical, operational, financial, and commercial support to deliver the added value inventors seek.