# White Fund

> White Fund is a VC fund backing Health Care, Medical and Medical Device. See 12 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Total investments: 12
- Last investment: Apr 2026
- Lead investor: 67%
- Fund size: $23M
- Last fund: Nov 2019
- Last updated: Aug 2026
- Website: http://whitefund.be/

White Fund is a new Belgian early-stage private equity fund entirely dedicated to the medical device sector.

## Contacts

5 contacts available for White Fund. Shizune tracks 1 team members at White Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/white-fund?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $4.1M–$11M |
| Series A | $5.3M–$12M |
| Venture - Series Unknown | $5.5M–$11M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Health Care | 8 | 67% |
| Medical | 5 | 42% |
| Medical Device | 5 | 42% |
| Biotechnology | 3 | 25% |
| Health Diagnostics | 2 | 17% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 33% |
| Series A | 3 | 25% |
| Venture - Series Unknown | 2 | 17% |
| Series B | 1 | 8% |
| Series D | 1 | 8% |

6 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Belgium | 9 | 75% |
| United States | 1 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Philippe Stas | Philippe Stas is a executive committee member at white fund | 2 | https://shizune.co/investors/profile/philippe-stas |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| neuroClues | PCUBE-LAB are developing NeuroClues, a solution to instantaneously quantify your clinical exam based on a portable laboratory using eye tracking. | $11.5M | Series A | Apr 06, 2026 |  |
| Minze Health | Minze Health is a health tech start-up that builds creative digital health solutions for urology, pelvic health, and (in)continence care. | $5.3M | Series A | Oct 17, 2024 |  |
| Clouds of care | CLOUDS OF CARE aids HealthTech firms from algorithm validation to medical device software, focusing on regulatory compliance. | $5.5M | Venture - Series Unknown | Sep 04, 2024 |  |
| FlexGRIP | Bedal was founded based on the personal experiences of one of the founders. When David was diagnosed with cancer, he was hospitalized regularly for treatment. During this treatment, he was confronted with the practical difficulties of showering with an intravenous catheter. Based on this experience he set out to solve this disadvantage and tocreate solutions for this common problem. | $11.1M | Venture - Series Unknown | Jul 12, 2024 |  |
| neuroClues | PCUBE-LAB are developing NeuroClues, a solution to instantaneously quantify your clinical exam based on a portable laboratory using eye tracking. | $5.3M | Seed | Apr 30, 2024 |  |
| Axithra | Axithra provides therapeutic medication monitoring and measures beta-lactam antibiotic concentrations in blood. | $10.7M | Seed | Sep 05, 2023 |  |
| Minze Health | Minze Health is a health tech start-up that builds creative digital health solutions for urology, pelvic health, and (in)continence care. | $4.1M | Seed | Nov 30, 2022 |  |
| Intressa Vascular | Intressa Vascular provides innovative solutions to address life-threatening cardiovascular conditions such as aortic dissection. | $12M |  | Oct 25, 2022 |  |
| Bingli | Bingli is a telemedicine consulting service provider company focuses on dynamic patient history and patient planning. | $5.4M | Series A | Oct 04, 2022 |  |
| moveUP | moveUP develops and commercialise digital therapeutics solutions. Its closed loop system enables high compliance, better outcome and satisfaction. It uses continuously collected data to directly personalise the treatment of the patient. Its first therapy treats orthopaedic patients undergoing a joint surgery. It has CE medical device & ISO13485 certification. | $4.5M | Seed | May 24, 2021 |  |

10 of 12 investments shown.

## Co-investors
- [Capricorn Partners](https://shizune.co/investors/profile/capricorn-partners) — VC Fund, 3 deals together
- [invest.bw](https://shizune.co/investors/profile/invest-bw-555b) — VC Fund, 2 deals together
- [Meusinvest (Noshaq)](https://shizune.co/investors/profile/meusinvest) — VC Fund, 2 deals together
- [PMV](https://shizune.co/investors/profile/pmv-eu) — VC Fund, 2 deals together
- [Qbic](https://shizune.co/investors/profile/qbic) — VC Fund, 2 deals together
- [WE International](https://shizune.co/investors/profile/we-international) — VC Fund, 2 deals together

## Similar investors

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### Similar stage
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### Similar country
- [PMV](https://shizune.co/investors/profile/pmv-eu) — VC Fund
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- [Qbic Fund](https://shizune.co/investors/profile/qbic-fund) — VC Fund

## Featured in investor lists
- [Health Care Investors in Belgium](https://shizune.co/investors/health-care-investors-belgium)
- [Health Care VC Funds in Belgium](https://shizune.co/investors/health-care-vc-funds-belgium)
- [All VC Funds in Belgium](https://shizune.co/investors/vc-funds-belgium)
- [All Investors in Belgium](https://shizune.co/investors/investors-belgium)
- [Medical Device Investors in Belgium](https://shizune.co/investors/medical-device-investors-belgium)
- [Medical Device VC Funds in Belgium](https://shizune.co/investors/medical-device-vc-funds-belgium)

## FAQ

### What does White Fund invest in?

White Fund invests primarily in Health Care, Medical and Medical Device startups, most often at Seed and Series A stage. Most of the 12 investments tracked by Shizune back companies in Belgium. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is White Fund's check size?

White Fund typically joins rounds of $4.1M–$11M at Seed, $5.3M–$12M at Series A and $5.5M–$11M 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 White Fund participates in.

### How do I contact White Fund?

Public channels for White Fund include 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 White Fund?

The team at White Fund includes Philippe Stas (Philippe Stas is a executive committee member at white fund). 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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