Finindus
VC Fund
Zelzate, Belgium
Finindus is an investment company funded by ArcelorMittal and the Flemish Region and is linked to OCAS, a world class metal research center with campuses in Zelzate and Zwijnaarde (Belgium).We provide early stage and growth financing (both equity and debt) to innovative companies active across the metal value chain and that focus on …materials: new alloys, surface functionalization, composite materials, …material processing: forming, joining, coating, cutting, …sustainable manufacturing: technologies for energy efficient manufacturing and energy recuperation, CO2 capturing, valorization of waste streams, recyling, …Finindus typically invests 0,5 up to 5 MEUR per round with a maximum of 10 MEUR per company. While They focus on Europe and have Flanders as Their sweet spot, They also consider investment opportunities in other continents in activities at the center of Their core domains.They are an active investor and strive to contribute to the value creation in Their portfolio companies by leveraging Their network, by sharing experience and insights and by facilitating access to the researchers and state-of-the art infrastructure of OCAS.
- Total investments:
- 36
- Last investment:
- Lead investor:
- 31%
Last updated:
For AI agents: llms.txt
Industries Finindus invests in
Stages Finindus invests in
Countries Finindus invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $1.3M–$5.4M
- Series A
- $3.4M–$27M
- Venture - Series Unknown
- $1.5M–$9.1M
Investment Focus
Industry
- Manufacturing 12 (33%)
- Industrial 6 (17%)
- Renewable Energy 5 (14%)
- Information Technology 5 (14%)
- Energy 4 (11%)
Stage
- Series A 8 (22%)
- Venture - Series Unknown 7 (19%)
- Seed 6 (17%)
- Funding Round 6 (17%)
- Series B 4 (11%)
Country
- Belgium 9 (25%)
- United States 3 (8%)
- Sweden 2 (6%)
- Germany 2 (6%)
- United Kingdom 2 (6%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Hans Maenhout
Investment Director
|
Investment Director | Total investments: 16 | Find email | |
Dirk De Boever
Head of Investments
|
Head of Investments | Total investments: 6 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Ventory specializes in field inventory management, SaaS, analytics & insights, AI, and supply chain services. | $3.1M / Venture - Series Unknown / May 12, 2026 | ||
| Teaching vehicles on rails to drive autonomously. | $10.6M / Dec 11, 2025 | ||
| MagREEsource is to link the circular economy by providing a green metallurgical solution through short loop recycling of NdFeB magnets to stabilise and diversify the supply of Rare Earth permanent magnets. | $27M / Series A / Jul 22, 2025 | ||
| Hystar develops polymer electrolyte membrane electrolyzers designed for large-scale green hydrogen production. Founded in 2020, Hystar's technology uses a unique cell design and process architecture that provides the ability to reduce electricity consumption and increase hydrogen output, enabling professionals to tackle various criticalenergy challenges and having the potential to reduce greenhouse gas emissions. | $36M / Series C / May 12, 2025 | ||
| HyperHeat is building a cutting-edge, all-electric heating solution designed to reach temperatures of up to 2,000°C. Using renewable electricity HyperHeat is providing an efficient alternative to fossil fuel combustion. With an efficiency rate of up to 98%, HyperHeat is ideal for retrofitting industrial processes, enabling significant CO2reductions across industries like steel, cement, and chemicals. The scalable technology offers a cost-efficient approach to decarbonizing thermal processes, with a potential to reduce global CO2 emissions by over 4.5 gigatons annually. | $3.1M / Pre-Seed / Nov 26, 2024 | ||
| TAU brings unparalleled performance, sustainability and reliability to the core of each electric motor. Focused on applications for e-mobility, automotive, energy and agriculture, TAU makes coatings more durable, resistant and light, optimizes underlying production processes for environmental friendliness, pairs artificial intelligence withpeace-of-mind operating simplicity and incubates technologies in electrification and smart sensors. | $1.6M / Series B / Oct 30, 2024 | ||
| Fortius Metals is an innovative metal 3D printing company. Fortius Metals provides patented high performance wire consumables for advanced manufacturing including welding, joining and 3D printing | $2M / Seed / Oct 08, 2024 | ||
| Ventory specializes in field inventory management, SaaS, analytics & insights, AI, and supply chain services. | $1.9M / Seed / Sep 02, 2024 | ||
| Power to Hydrogen (P2H2) is simplifying hydrogen. Our technology enables a brighter energy future by solving the technical and economic challenges that come with producing hydrogen. Our AEM-based, electrolysis technology produces high pressure, high efficiency hydrogen from renewable energy with lower cost materials thancompeting electrolyzers. This technology can reduce the total cost of hydrogen to enable clean transportation, store energy efficiently, and decarbonize industrial processes. In addition to low-cost, high-pressure hydrogen production, the technology can produce high-pressure oxygen and be used reversibly to produce electricity. Both services can create additional revenue streams to make the total cost of hydrogen $1/kg. | $18M / Series A / Aug 19, 2024 | ||
| CorrosionRADAR is on a mission to support the Industry 4.0 by enabling predictive corrosion management. By using cutting edge technologies from its patent pending distributed sensing technology to Industrial Internet of Things (IIOT) and advanced analytics, the CorrosionRADAR team is creating a game-changing solution for tackling corrosionmanagement. | $6.4M / Series B / Jul 30, 2024 | ||
| See all 36 investments → | |||
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FAQ
What does Finindus invest in?
Finindus invests primarily in Manufacturing, Industrial and Renewable Energy startups, most often at Series A and Venture - Series Unknown stage. Most of the 36 investments tracked by Shizune back companies in Belgium. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Finindus's check size?
Finindus typically joins rounds of $1.3M–$5.4M at Seed, $3.4M–$27M at Series A and $1.5M–$9.1M at Venture - Series Unknown. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Finindus participates in.
How do I contact Finindus?
Public channels for Finindus include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Finindus?
The team at Finindus includes Hans Maenhout (Investment Director) and Dirk De Boever (Head of Investments). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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