# Gesval

> Gesval is a VC fund in Liège backing Medical, Software and Wellness. See 4 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Liège, Belgium
- Total investments: 4
- Last investment: Aug 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/gesval
- Website: https://www.gesval.be/

Gesval is a VC fund in Liège focused on Medical and Software. A limited company of the University of Liège (ULiege).

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Medical | 1 | 25% |
| Software | 1 | 25% |
| Wellness | 1 | 25% |
| Health Care | 1 | 25% |
| Biotechnology | 1 | 25% |

10 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 25% |
| Series C | 1 | 25% |
| Funding Round | 1 | 25% |
| Venture - Series Unknown | 1 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Hedera-22 | Hedera-22 expanded its scope to include the identification of natural products through the use of in-house bio-informatic prediction technologies. | $2.2M | Venture - Series Unknown | Aug 14, 2024 |  |
| Ampacimon | Ampacimon develops dynamic line rating systems for transmission and distribution systems operators. Ampacimon’s products address grid infrastructure challenges such as aging assets, transmissions congestion, renewable integration, interconnectors. | $10.6M | Series C | Oct 16, 2023 |  |
| Ampacimon | Ampacimon develops dynamic line rating systems for transmission and distribution systems operators. Ampacimon’s products address grid infrastructure challenges such as aging assets, transmissions congestion, renewable integration, interconnectors. | $4.4M |  | Aug 26, 2020 |  |
| Phasya | Phasya offers solutions for detecting drowsiness and measuring eye movements. These solutions are based on eye tracking technologies using eye images. Phasya also develops solutions for detecting various physiological and cognitive states such as stress, attention, cognitive load, and mind wandering.Phasya solutions can be used in variousapplications such as safety, medical diagnosis, and research. We have notably specific solutions and developments for driver monitoring applications.Indeed physiological and cognitive states such as drowsiness influence the ability of an individual to perform a task or to make a decision. Furthermore the measurement of ocular parameters enables one to understand the brain activity and gaze behavior. | $1.1M | Seed | Jan 21, 2019 |  |

4 of 4 investments shown.

## Co-investors
- [Meusinvest (Noshaq)](https://shizune.co/investors/profile/meusinvest) — VC Fund, 4 deals together
- [Creos Luxembourg](https://shizune.co/investors/profile/creos-luxembourg) — VC Fund, 2 deals together
- [Korys](https://shizune.co/investors/profile/korys) — VC Fund, 2 deals together
- [Aravis Ventures](https://shizune.co/investors/profile/aravis-ventures) — VC Fund, 1 deal together
- [Junction Growth Investors](https://shizune.co/investors/profile/junction-growth-investors) — VC Fund, 1 deal together
- [K & E](https://shizune.co/investors/profile/k-e) — VC Fund, 1 deal together

## Similar investors

### Similar industry
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### Similar stage
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## FAQ

### What does Gesval invest in?

Gesval invests primarily in Medical, Software and Wellness startups, most often at Seed and Series C stage. Most of the 4 investments tracked by Shizune back companies in Belgium. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Gesval last invest?

The most recent investment recorded for Gesval closed in Aug 2024. Shizune tracks 4 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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