# Vlerick Group

> Vlerick Group is a VC fund in Kortrijk backing Automotive and Electric Vehicle. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Kortrijk, Belgium
- Total investments: 5
- Last investment: Jun 2023
- Lead investor: 0%
- Last updated: Aug 2026
- Website: https://www.vlerickgroup.be/

Vlerick Group is a VC fund in Kortrijk focused on Automotive and Electric Vehicle. Vlerick Group has its industrial roots in Flanders in 1880 in the textile industry. In its present form, it originates from B.I.C. Carpets, a high-end woollen broad-loom woven carpet manufacturer, founded in 1956.Via its anchored participations in a.o. the former holding company of what is currently KBC Groep, the group contributed to thedevelopment of one of Flanders' primary financial services providers, in which it continues to be actively involved today.

## Round sizes

| Stage | Round size |
| --- | --- |
| Series B | $175M–$175M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Automotive | 3 | 60% |
| Electric Vehicle | 3 | 60% |
| GreenTech | 2 | 40% |
| Transportation | 2 | 40% |
| Subscription Service | 2 | 40% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series B | 2 | 40% |
| Series A | 1 | 20% |
| Series C | 1 | 20% |
| Funding Round | 1 | 20% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Belgium | 2 | 40% |
| United Kingdom | 2 | 40% |
| France | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Corwave | The CorWave LVAD utilizes an undulating disc wave pumping mechanism, replacing the high speed, high shear impeller of current continuous flow rotary pumps. The result is much less trauma to the blood, reducing clotting and bleeding complications. The high frequency actuation of the Corwave pump provides for pulsatile flow that mimics the action ofthe native heart. Current LVADs provide only continuous flow with no significant pulsation, due to the high inertia of their rotors. Its low power consumption and small size will facilitate totally implantablity with the incorporation of a wireless energy transfer system. | $28.4M | Series C | Jun 20, 2023 |  |
| Onto | Onto is an electric vehicle subscription startup that provides an all-inclusive, hassle-free solution for driving an electric car. The company was founded in 2017 by co-founders Rob Jolly and Dannan O’Meachair in Warwick, United Kingdom. | $175M | Series B | Jul 27, 2021 |  |
| Onto | Onto is an electric vehicle subscription startup that provides an all-inclusive, hassle-free solution for driving an electric car. The company provides an electric car subscription service that helps people make the switch to driving electric cars.The company was founded in 2017 by co-founders Rob Jolly and Dannan O’Meachair in Warwick, UnitedKingdom. | $175M | Series B | Jul 27, 2021 |  |
| Magnax | Magnax valorizes yokeless axial flux technology in various markets. The company drives value by strategically investing to strengthen the position of its subsidiaries. These companies focus on specific markets, each requiring a unique approach. One is Traxial, which focuses on yokeless axial flux technology for ground-based e-mobility.www.traxial.com Our second subsidiary Axyal focuses on yokeless axial flux technology for aerospace www.axyal.com | $19.5M | Series A | Dec 24, 2020 |  |
| Ninepointfive | Ninepointfive is a venture capital fund that co-invests with corporates to take tech-based startups from pre-seed funding to maturity. A trusted partner with brands like Beiersdorf, Telenet, and Agfa, Ninepointfive helps founders deploy the inherent value of corporate acceleration. The Ninepointfive proprietary methodology offers speed, growth,value, and skin in the game. fully engaged and focused, with a positive and pragmatic approach. This is ninepointfive. | $27.4M |  | Aug 16, 2019 |  |

5 of 5 investments shown.

## Co-investors
- [Achmea Innovation Fund](https://shizune.co/investors/profile/achmea-innovation-fund) — VC Fund, 2 deals together
- [Alfvén & Didrikson](https://shizune.co/investors/profile/alfv-n-didrikson) — VC Fund, 2 deals together
- [JamJar Investments](https://shizune.co/investors/profile/jamjar-investments) — VC Fund, 2 deals together
- [Legal & General](https://shizune.co/investors/profile/legal-general) — VC Fund, 2 deals together
- [Torus Capital](https://shizune.co/investors/profile/torus-capital) — VC Fund, 2 deals together
- [TotalEnergies Ventures](https://shizune.co/investors/profile/total-energy-ventures-international) — VC Fund, 2 deals together

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## Featured in investor lists
- [Automotive Investors in Belgium](https://shizune.co/investors/automotive-investors-belgium)
- [Automotive VC Funds in Belgium](https://shizune.co/investors/automotive-vc-funds-belgium)

## FAQ

### What does Vlerick Group invest in?

Vlerick Group invests primarily in Automotive, Electric Vehicle and GreenTech startups, most often at Series B and Series A stage. Most of the 5 investments tracked by Shizune back companies in Belgium. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Vlerick Group's check size?

Vlerick Group typically joins rounds of $175M–$175M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Vlerick Group participates in.

### When did Vlerick Group last invest?

The most recent investment recorded for Vlerick Group closed in Jun 2023. Shizune tracks 5 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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