# Top 50 Medical Startup Investors in Belgium in June 2026

## Meusinvest (Noshaq)
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 9
- Stages: Series A, Seed
- Focus: Biotechnology, Health Care, Medical

Noshaq offers financial services to help businesses develop.

## Capricorn Partners
- Type: VC Fund
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 5
- Stages: Series A, Series B
- Focus: Biotechnology, Software, Health Care

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

## Limburgse Reconversie Maatschappij
- Type: VC Fund
- Location: Hasselt, Limburg, Belgium
- Relevant deals: 5
- Stages: Seed, Series A
- Focus: Information Technology, Software, Biotechnology

Oxygen for growth - LRM

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

Our mission is to mature innovation and support the growth of our portfolio companies to create value for patients, society, local ecosystems, and investors.

## Annie Vereecken
- Type: Angel
- Location: Antwerp, Antwerpen, Belgium
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Medical, Biotechnology, Hospital

Annie Vereecken

## Qbic Fund
- Type: VC Fund
- Location: Belgium, Wisconsin, United States
- Relevant deals: 4
- 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.

## V-Bio Ventures
- Type: VC Fund
- Location: Gent, Oost-Vlaanderen, Belgium
- Relevant deals: 4
- Stages: Series A, Series B, Seed
- Focus: Biotechnology, Health Care, Therapeutics

V-Bio Ventures is an independent venture capital firm specialized in building and financing young, innovative life science companies. The fund invests throughout Europe in start-up and early-stage companies with high growth potential focusing on technologies that provide transformational improvements in the biotech, pharmaceutical and agriculturalsectors.

## Mérieux Equity Partners
- Type: VC Fund
- Location: Lyon, Rhone-Alpes, France
- Relevant deals: 3
- Stages: Series A, Private Equity
- Focus: Health Care, Biotechnology, Medical Device

Mérieux Equity Partners (“MxEP”) is a management company dedicated to venture, growth and LBO investments in the healthcare and nutrition sectors. MxEP actively supports entrepreneurs and industrial companies with differentiated products and services, by providing privileged access to its expertise and international network. MxEP
currently managesmore than €600m AUM and has recently launched a new vehicle MP3 of €350m dedicated to growth/LBO.

## Gemma Frisius Fund
- Type: VC Fund
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 3
- 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.

## 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).

## Fund+
- Type: VC Fund
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 3
- Stages: Series A, Series B, Series C
- Focus: Biotechnology, Health Care, Therapeutics

Fund+ is a venture capital firm that invests in companies operating in the diagnostics, therapeutics, medical devices, and life science sectors. The firm wants to create sustainable shareholders' value, contribute to the development of a leadership position in the life sciences sector, and generate a tangible, beneficial societal impact.Fund+ was established in 2015 and is based in Leuven, Belgium.

## S.R.I.W.
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 3
- 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.

## GoBeyond
- Type: VC Fund
- Location: Zürich, Zurich, Switzerland
- Relevant deals: 3
- 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.

## PMV
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Software, Biotechnology, Health Care

Do and dare company

## BioGeneration Ventures
- Type: VC Fund
- Location: Naarden, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Biotechnology, Therapeutics, Health Care

Shaping new life-science ventures.

## Forbion Capital Partners
- Type: VC Fund
- Location: Naarden, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Medical

Impacting the future of medicine.

## Flanders Future Techfund
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Medical, Biotechnology, Clinical Trials

Flanders Future Techfund operates as an investment firm.

## BAN Vlaanderen
- Type: VC Fund
- Location: Hasselt, Limburg, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Health Care, Medical, Apps

BAN Vlaanderen is the business angel network in Flanders, a value-added platform within which new or growing businesses are brought into contact with informal private investors, called Business Angels. Looking for venture capital This Business Angels bring not only money but also their own know-how, experience and contacts. Are connecting servicesoffered. Both the entrepreneurs and the business angelsBAN Vlaanderen is no investment, it does not own shares or take any investment decisions, nor for its own account or on behalf of the affiliates. Instead, it is a market where supply and demand are brought together. The information on this site is intended to initiate the purpose and operation of BAN Vlaanderen. For more information you can always contact one of our regional offices.BAN Vlaanderen is an association that aims to stimulate the development, support and promotion of entrepreneurship and investment culture in Belgium. Economic growth in Belgium

## White Fund
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Health Care, Medical, Medical Device

For game changers in medtech

## Be Angels
- Type: VC Fund
- Location: Louvain-la-neuve, Vlaams-Brabant, Belgium
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: SaaS, Software, Health Care

Early stage Entrepreneurs Coaching and FinancingOne of Europe's leading Business Angels Networks. We connect innovative growth companies to equity finance and coaching by experienced angel investors.
The network is 250 members strong and has been assisting innovative entrepreneurs to find financing for more than 10 millions Euros in thelast 4 years.

## Volta Ventures
- Type: VC Fund
- Location: Gent, Oost-Vlaanderen, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

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

## 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.

## Omnes Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, Biotechnology, Health Care

Omnes VC is the Venture Capital arm of Omnes Capital, a leading private equity firm dedicated to energy transition and innovation with €4.8 billion in assets under management and a 20 year + experience in: venture capital, buyout & growth capital, private debt, renewable energy, co-investment, secondary funds of funds. Omnes Capital is fullyindependent.With 65 business sales including 14 IPOs carried out in 16 years, Omnes VC is one of the key players in France in financing innovative SMEs with expertise in both Technology and Healthcare sectors. Omnes VC has supported 120 companies and has invested more than €500M in businesses such as Scality, Novaled, BioVex, arGEN-X, Pixium, Blablacar.

## Thuja Capital
- Type: VC Fund
- Location: Utrecht, Utrecht, The Netherlands
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Biotechnology, Medical, Health Care

Thuja Capital invests in early stage medical product innovations for diagnosis, cure, care or prevention.

## 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.

## 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.

## 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.

## CPH Banque
- Type: VC Fund
- Location: Tournai, Basse-Normandie, France
- Relevant deals: 1
- Stages: Series B, Series C
- Focus: Health Care, Medical, Training

CPH Banque is a financial services company that provides loan, head full projects and mobile banking services.

## Wellington Partners
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Health Care, Biotechnology, Medical

Wellington Partners is a venture capital firm that invests in technology and life sciences companies, focusing on Digital Media, Software, Electronics & Photonics, Resource Efficiency, and Biotech/Life Sciences. It is committed to providing outstanding entrepreneurs with the necessary resources to fund their strategies. We typically leadfinancing rounds ranging from € 0.5 million to € 20 million. Depending on the maturity of the company, its own commitment can go as high as € 15 million.Wellington was established in 1998 and has offices in Munich, London, and Zurich.

## NV Industriebank LIOF
- Type: VC Fund
- Location: Maastricht, Limburg, The Netherlands
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Biotechnology, Medical, Health Care

NV Industriebank LIOF is the Limburg development and investment company. LIOF contributes to the prosperity of the province with an ongoing program to strengthen the province's economic base. LIOF targets industry and the dynamic service sector.Its four core activities are Acquisition, Participation, Development/Innovation andBusiness Parks, as these relate to the location/relocation of (foreign) companies, venture capital participation in Limburg companies with prospects, the development/implementation of programs and projects to sharpen the competitive edge of Limburg business and the coordination of the development of new business parks.LIOF has a strategic approach which targets opportunities for long-term economic development. In this it has a bridging role between government and business. LIOF is an ambitious professional organization and speaks the language that business understands.

## SFPI-FPIM
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Health Care, Biotechnology, Medical Device

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.

## Investsud
- Type: VC Fund
- Location: Marche-en-famenne, Luxembourg, Belgium
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Biotechnology, Medical, SaaS

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

## Virginie Saverys
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Life Science, Biotechnology

Virginie Saverys is a entrepreneur.

## Annemie Van de Casteele
- Type: Angel
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Life Science, Biotechnology

Annemie Van de Casteele is a former member of the Belgian Parliament.

## Ackermans & van Haaren
- Type: VC Fund
- Location: Antwerpen, Antwerpen, Belgium
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Medical

Ackermans & van Haaren is a diversified group active in 5 segments: Marine Engineering & Infrastructure; Private Banking; Real Estate, Leisure & Senior Care; Energy & Resources; Development Capital. Marine Engineering & Infrastructure: DEME, one of the largest dredging companies in the world - Algemene Aannemingen Van Laere,a leading contractor in Belgium. Ackermans & van Haaren is an independent and diversified group aiming at creating shareholder value through long-term investments in a limited number of companies with growth potential on an international level.

## Yves Berquin
- Type: Angel
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Health Care, Information Technology

Yves Berquin is the Co-Founder and Co-CEO of Matrix Requirements. He attended Free University of Brussels.
.

## Jurgen De Baerdemaeker
- Type: Angel
- Location: Herne, Vlaams-Brabant, Belgium
- Relevant deals: 1
- Stages: Seed
- Focus: Medical, Health Care, Information Technology

Jurgen De Baerdemaeker

## Limburg Startup
- Type: VC Fund
- Location: Maastricht, Limburg, The Netherlands
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Biotechnology, Life Science, Health Care

Limburg Ventures is a venture capital fund that invests in startups in life sciences and related fields of advanced chemicals and materials.

## Hunza Ventures
- Type: VC Fund
- Location: Luxembourg, Luxembourg, Luxembourg
- Relevant deals: 1
- Stages: Series A
- Focus: Medical, Health Care, Biotechnology

Hunza Ventures is a venture capital firm incorporated in 1998 in Luxemburg. The firm has focused its investments on early and mid-stage life sciences and IT companies with outstanding growth prospects.Hunza Ventures has built a large and well-balanced portfolio based on the strong entrepreneurial experience of the fund’s shareholders andmanagers. Since inception, Hunza Ventures has backed 20 companies in Belgium, Israel, USA and Singapore.Hunza Ventures has raised two funds:Hunza Ventures raised €15 million. The fund made 14 venture investments and is fully invested. A series of companies have successfully been divested.Hunza Ventures II raised €6.25 million in October 2008. This fund is actively investing and is currently raising additional capital.

## Sofinnova Partners
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Biotechnology, Health Care, Medical

Sofinnova Partners is a leading European venture capital firm in life sciences, specializing in healthcare and sustainability. Based in Paris, London and Milan, the firm brings together a team of professionals from all over the world with strong scientific, medical and business expertise.

## Yonjin Venture
- Type: VC Fund
- Location: Cambridge, Massachusetts, United States
- Relevant deals: 1
- Stages: Series B, Series A, Series C
- Focus: Biotechnology, Health Care, Medical

Yonjin Venture is an investment firm specializing in investing in early and mid-stage life science companies.It focuses on the innovative technologies in therapeutics, diagnostics, and medical devices. The firm is a sub-organization of Yongjin Group and the sister firm of Yonghua Capital.The Cambridge, Massachusetts-based firm was establishedin 2018.

## The CoFoundry
- Type: VC Fund
- Location: Antwerp, Antwerpen, Belgium
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Network Security, SaaS

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.

## Delta Partners
- Type: VC Fund
- Location: Leopardstown, Dublin, Ireland
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Information Technology, Health Care

Early stage VC investments and funding for start-ups / founders in Ireland.

## TCD Capital (ex TheClubDeal)
- Type: VC Fund
- Location: Uccle, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- 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.

## 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

## Fountain Healthcare Partners
- Type: VC Fund
- Location: Dublin, Dublin, Ireland
- Relevant deals: 1
- Stages: Series A, Series B, Series C
- Focus: Health Care, Biotechnology, Medical

Fountain Healthcare Partners is an Irish based life science venture capital fund.

Fountain is exclusively focused on the life science sector. Specific areas of interest to them are: specialty pharma, medical devices, biotechnology and diagnostics. They will deploy the majority of their capital in Europe with a strong focus on Ireland.

## Vives Louvain Technology Fund
- Type: VC Fund
- Location: Louvain-la-neuve, Vlaams-Brabant, Belgium
- Relevant deals: 1
- 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.

## 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

## 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.

## 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.

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