Top 15 Retail VC (Venture Capital) Funds in Belgium in May 2026

Portfolio highlights

• ADLC — ADLC employs drone technology to deliver logistics services, allowing businesses to implement drone-based solutions without having to manage them in-house. The company is focused on enhancing last-mile delivery in maritime and offshore environments. ADLC now conducts drone delivery services in the Port of Antwerp in collaboration with SGS, atesting and certification company, and works with companies such as BASF. Its drones have reduced delivery times and environmental effect, boosting efficiency sixfold and lowering CO2 emissions by up to 80% for petrochemical sample deliveries.
• FF Pharma — FF Pharma, a biopharmaceutical company, develops anti-CD40 monoclonal antibody therapy for the treatment of chronic inflammatory diseases like primary biliary cirrhosis and Crohn’s disease. The functions of CD40 in immune regulation suggest that the CD40 pathway may play a role in diseases in which anomalous immune responses, e.g. autoantibodyproduction or chronic inflammation, are a feature.
• Raw Stadia — Raw Stadia is a sports technology company that specializes in surface player interactions.

Portfolio highlights

• Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
• Morrow Optics — Looking for the next big thing in eyewear technology? Check out Morrow's electrified progressives, also known as autofocals! These innovative glasses switch focus length with a touch of button, providing you with seamless vision from near to far. Learn more about this technology on Morrow's website.
• Willow — With Willow you always know what, how and when to post to build a healthy social media presence. From easy publishing and content inspiration to the best news from all around the web, curated by experts and our algorithm.

Portfolio highlights

• Greenely — Greenely is the electricity company that optimizes your electricity use using smart technology in an app. We help you take control of your consumption.
• OroraTech — From safeguarding forests and ecosystems to protecting communities and critical assets, OroraTech's advanced technology and reliable insights address challenges, mitigate risks, and drive meaningful impact.
• PanTera — PanTera wants to bring a new hope to cancer patients by enabling the widespread use of radiopharmaceuticals for personalised treatment of tumors

Portfolio highlights

• Perlego — Perlego is an online library subscription service for textbooks and non-fiction titles. Having partnered with over 3,000 of the world's best publishers, it gives its users unlimited access to over 650,000 eBooks and publications via an affordable monthly subscription. It aims to make learning accessible to all. It was founded in 2016 and isheadquartered in London, England.
• Wirepas — Wireless mesh connectivity for industrial IoT. Proven, ultra-reliable and scalable. Lowest total cost of ownership. The best mesh for IoT.
• BOX ID Systems — BOX ID Systems develops and offers an end-to-end location & process mining solution to cost effectively track millions of logistics assets digitally throughout the industrial supply chain across Europe and the World - including site-to-site, on-premises and indoor buildings digital twin of supply chain processes. The system is built on aspecialized analytics software platform, sensorik tracking devices and efficient data-, device- and user-management tools, including functions to support process automation and optimization. Industrial and automotive production customers benefit from making their logistics processes more efficient and cost optimized, with 100% transparency within their critical processes throughout the entire supply chain.

Portfolio highlights

• Electra — Electra is a platform that provides Charging stations Ultrafast for electric vehicles.
• Terra-Gen — Terra-Gen was established in August 2007, led by an experienced executive management team averaging over 25 years of relevant industry experience. The team has contracted or re-contracted over 10,000 MW of power generation facilities and has developed or acquired over $25 billion in assets over their careers.
• Akaysha Energy — Discover innovative and sustainable renewable energy solutions with Akaysha Energy. Powering Australia's future with clean, reliable energy.

Portfolio highlights

• Azumuta — Azumuta, the #1 industry-leading tool that fully supports operators by centralizing all knowledge, on-the-floor training and communication.
• xyzt.ai — The big data platform to easily visualize and analyze any spatio-temporal data. Scaling to billions of records.
• Accurat — Accurat provides real-word shopper insights to support retail decision making with unprecedented accuracy. Our proprietary technology, platform and algorithms understand behaviour in high detail.

Portfolio highlights

• Auros — We develop world class technology to implement arbitrage and other trading strategies within the crypto space.
• BMLL Technologies — BMLL Technologies Ltd. operates cloud based technology platform that offers machine learning and inference framework for common limit order book problems.
• Sk3w Technologies — Sk3w Technologies specializes in providing exchange access solutions.

Portfolio highlights

• Opinum — What is Opinum Data Hub? Our Data Hub is a secured Cloud-based platform that allows energy and environmental actors to centralise, enhance, analyse, and share data.
• Digiteal — Digiteal offers a wide range of services for e-invoice presentment, electronic payments and open banking.
• NietsCo — NietsCo. is the home of Botaniets Gin 0.0%, a leading selection of alcohol-free products, carefully distributed to the world's best restaurants, concept stores, shops and consumers.

Portfolio highlights

• Needed — Prenatal vitamins leave most women depleted, so we redesigned the Prenatal Multi from the ground-up, and paired it with the Omega-3 (DHA and EPA), Collagen Protein, and Pre/Probiotic that mamas need. Take them before, during, and after pregnancy (and while breastfeeding) for optimal prenatal and postpartum nourishment.
• Edgard & Cooper — Edgard & Cooper offers foods for dogs and cats made with natural and nutritious ingredients. Their products are made with fresh meat and simple ingredients making it more balanced than over-processed pet food. Edgard & Cooper was founded in 2014 by Louis Chalabi and Jürgen Degrande and is headquartered in Kortrijk, Belgium.
• NotCo — We are reinventing the foods we love to eat! Same great flavor, but made from plants. Meet the future of food. Why not?

Portfolio highlights

• Gamevestor — Be more than a player. Invest in expert-selected video game projects and earn a share of their commercial revenues.
• ClimateCamp — Looking for a sustainable way to collaborate with your suppliers on emissions reduction projects? Look no further than our platform - Book a demo for free!
• Model Health — Lab-grade movement analysis and biomechanics data from smartphone video

Portfolio highlights

• Aibuild — Ai Build is a London based company developing Artificial Intelligence and Robotic technologies for large scale additive manufacturing. We believe additive manufacturing is the core technology for achieving a sustainable environment and a highly efficient on-demand economy.We are a team of creative and enthusiastic people with strong background inthe areas of 3D printing, robotics, computer vision, machine learning, computational design and physics. We are partnering with some of the world’s most innovative companies and investors to bring our disruptive Autonomous Large Scale 3D Printing technology into a wide range of industrial applications. Our purpose is to empower factories of the future to make Manufacturing easy, smart, sustainable and affordable.
• Converge — Pioneering sustainable construction with smart concrete sensors, predictive AI, and real-time monitoring. Build faster, safer, and greener.
• MONET — Embedded finance for agencies and B2B platforms. Frictionless access to white-labelling B2B credit, global payments and new revenue streams. Offer white-label invoice finance to your network, driving growth for you and your suppliers.

Portfolio highlights

• Modo Energy — Energy market data, benchmarking, and projections. All in one place and backed by Modo Energy insights.
• Look Up Space — Lookup space is the next global leader for space safety, security and sustainability
• Dexter Energy Services — Dexter helps asset-backed renewable traders maximize profits through accurate forecasts and price insights, day-ahead to real time.

Portfolio highlights

• Aphea.Bio — Driving the revolution in biologicals
• Hexa — eFounders partners with talented co-founders to build the future of product-led SaaS.
• Global Infrastructure Partners — A leading global, independent infrastructure fund manager.

Portfolio highlights

• MixRift — MIXRIFT - game developers specialized in Mixed Reality
• unspun — From 3D scan to perfect fitting custom jeans. unspun makes each pair of jeans unique to your actual body and design. On a mission to reduce global carbon emissions by 1%. As seen in Fast Company's World Changing Ideas, Time's Best Inventions, and PopSci's Best of What's New. Welcome to the future of apparel.
• Mesa Quantum — Unlock the potential of chip-scale quantum sensing for enhanced Position, Navigation, And Timing capabilities. Explore Mesa Quantum's practical solutions.

Portfolio highlights

• KaraFun Group — KaraFun Group develops and creates online tools for the music industry. It offers applications, makes instrumental music, and operates karaoke digital systems. KaraFun Group was founded in 2005 and is based in Lille, France.
• Skins Cosmetics — Skins Cosmetics is a cosmetic shop that sells skin cosmetics and beauty products.
• Pink Gellac — Pink Gellac is a digital native and direct-to-consumer premium nail polish brand with a distinctive colour offering. Pink Gellac is known for its distinctive on-trend colour offering and its salon-like quality.