# ING Belgium

> ING Belgium is a VC fund in Brussels backing Retail and Grocery. See 3 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Brussels, Belgium
- Total investments: 3
- Last investment: Oct 2025
- Lead investor: 33%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/ingbelgium
- X (Twitter): https://www.twitter.com/ingbelgique
- Website: http://ing.be
- Facebook: http://www.facebook.com/ingbelgium2344433

ING Belgium is a VC fund in Brussels focused on Retail and Grocery. ING Belgium, the Belgian subsidiary of the ING Group, provides retail and commercial banking services to individuals and businesses.

## Contacts

5 contacts available for ING Belgium. Shizune tracks 2 team members at ING Belgium. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/ing-belgium?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Retail | 1 | 33% |
| Grocery | 1 | 33% |
| Privacy | 1 | 33% |
| Security | 1 | 33% |
| Mobile Apps | 1 | 33% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 1 | 33% |
| Private Equity | 1 | 33% |
| Venture - Series Unknown | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Belgium | 2 | 67% |
| Lithuania | 1 | 33% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Peter Adams | Chief Executive Officer | 0 | — |
| Stephanie van Avesaat | Head of ING Labs Brussels | 1 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Maxima Grupe | MAXIMA GRUPĖ, UAB is a company, registered in 2007, managing retail trade companies in Lithuania, Latvia, Estonia, Bulgaria, and Poland; owning a total of 535 shopping centres of MAXIMA, T MARKET and ALDIK on the basis of the data of 31 December, 2015. The company MAXIMA GRUPĖ is managed by VILNIAUS PREKYBA, UAB, which also owns EUROAPOTHECA, UAB,and ERMITAŽAS, UAB.EUROAPOTHECA manages retail and wholesale pharmaceutical companies in Lithuania, Latvia, Estonia, Poland, and Ukraine. ERMITAŽAS controls store chains of household goods, construction and interior materials ERMITAŽAS and ARKORAMA in Lithuania. The companies of MAXIMA group develop business under a franchise by FRANMAX, UAB. FRANMAX is a company responsible for the provision of franchise for retail trade networks in order to create and strengthen the intellectual property used in retail trade and to increase the competitiveness of the companies of MAXIMA group.FRANMAX is responsible for the establishment of the standards and concepts of retail and wholesale trade, creation and legal protection of the objects of intellectual property, strategic insights and introduction of methods which are necessary for the effective business development. | $302.1M | Debt Financing | Oct 10, 2025 |  |
| Itsme | Itsme is a secure mobile phone app that lets users log in safely to confirm their personal ID and share data during digital interactions. It is an app that allows users to prove their identity and approve transactions in a safe, easy, and reliable way on their mobile phone. | $29.3M | Venture - Series Unknown | Jul 01, 2021 |  |
| Alter Pharma | Alter Pharma is a pharmaceutical group that distributes EU-sourced pharmaceuticals to wholesalers and hospitals. |  | Private Equity | Dec 27, 2017 |  |

3 of 3 investments shown.

## Co-investors
- [Belfius Bank](https://shizune.co/investors/profile/belfius-bank) — VC Fund, 2 deals together
- [BNP Paribas Fortis](https://shizune.co/investors/profile/bnp-paribas-fortis) — VC Fund, 1 deal together
- [KBC Bank & Verzekering](https://shizune.co/investors/profile/kbc-bank-verzekering) — VC Fund, 1 deal together
- Orange Belgium — VC Fund, 1 deal together
- [NIBC Bank](https://shizune.co/investors/profile/nibc-bank) — VC Fund, 1 deal together
- [Proximus Group](https://shizune.co/investors/profile/proximus-group) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does ING Belgium invest in?

ING Belgium invests primarily in Retail, Grocery and Privacy startups, most often at Debt Financing and Private Equity stage. Most of the 3 investments tracked by Shizune back companies in Belgium. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact ING Belgium?

Public channels for ING Belgium include LinkedIn, X (Twitter) 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 ING Belgium?

The team at ING Belgium includes Peter Adams (Chief Executive Officer) and Stephanie van Avesaat (Head of ING Labs Brussels). 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 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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