Top 15 Retail VC Funds & Investors in Belgium (June 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Limburgse Reconversie Maatschappij
VC Fund
|
3 | Belgium, United States, The Netherlands | Seed, Series A | Information Technology, Software, Biotechnology | $494k–$11M |
|
PMV
VC Fund
|
2 | Belgium, United States, The Netherlands | Series A, Seed | Software, Biotechnology, Health Care | $549k–$40M |
|
Vendis Capital
VC Fund
|
1 | The Netherlands, France, Belgium | Private Equity, Venture - Series Unknown | Retail, E-Commerce, Cosmetics | |
|
LeanSquare
VC Fund
|
1 | Belgium, France, United States | Seed, Series A | Software, Music, Information Technology | $200k–$12M |
|
Force Over Mass Capital
VC Fund
|
1 | United Kingdom, United States, Germany | Seed, Series A | Software, Information Technology, FinTech | $350k–$18M |
|
Spreds
VC Fund
|
1 | Belgium, France | Series A, Seed, Series B | Health Care, Information Technology, Food and Beverage | |
|
KPN Ventures
VC Fund
|
1 | The Netherlands, Belgium, Germany | Series A, Seed, Series B | Software, Internet of Things, Information Technology | |
|
Angelwise
VC Fund
|
1 | Belgium, The Netherlands | Seed, Series A | Software, SaaS, Marine Technology | |
|
Optiver
VC Fund
|
1 | United States, United Kingdom, Brazil | Series A, Series C, Series B | FinTech, Financial Services, Finance | $3.6M–$71M |
|
SOSV
VC Fund
|
1 | United States, India, United Kingdom | Seed, Convertible Note, Pre-Seed | Biotechnology, Health Care, Software | |
|
The Craftory
VC Fund
|
1 | United States, United Kingdom, Chile | Series A, Series B | Health Care, Consumer Goods, Retail | |
|
ETF Partners
VC Fund
|
1 | United Kingdom, France, Germany | Series A, Series B | Software, Renewable Energy, Information Technology | $3.9M–$34M |
|
Korys
VC Fund
|
1 | Belgium, The Netherlands, Germany | Series B, Series A | Biotechnology, Renewable Energy, Information Technology | $3.9M–$110M |
|
BNP Paribas Fortis
VC Fund
|
1 | Belgium, United States, France | Debt Financing, Series B | Biotechnology, Software, Logistics | $9.9M–$2B |
|
ING Group
VC Fund
|
1 | United States, United Kingdom, The Netherlands | Debt Financing, Post-IPO Debt | Energy, Renewable Energy, Solar | $100M–$3B |
| Access all 22 VC funds in Belgium Retail startups. | |||||
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822 industries, 177 countries. Updated daily. Emails and phones included.
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Oxygen for growth - LRM
Show more...Investment focus
- Industry: Information Technology, Software, Biotechnology
- Stage:Seed, Series A
- Geography: Belgium, United States, The Netherlands
Investor stats
- Total investments: 87
- Round size: Seed $494k–$5.2M; Series A $1.6M–$11M
- Lead/follow: 14% lead, 86% follow
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.
- MobieTrain — Train, connect and empower your frontline teams in minutes. MobieTrain boosts onboarding, training, engagement, and performance. All in one simple platform
- TrendMiner — TrendMinder designs and delivers a fast, powerful and intuitive industrial analytics platform for everyone in operations to make smarter, data-driven decisions.
Do and dare company
Show more...Investment focus
- Industry: Software, Biotechnology, Health Care
- Stage:Series A, Seed
- Geography: Belgium, United States, The Netherlands
Investor stats
- Total investments: 147
- Round size: Seed $549k–$4.3M; Series A $2.7M–$40M
- Lead/follow: 22% lead, 78% follow
Portfolio highlights
- Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
- RheaVita — Streamline your lyophilization process with RheaVita's innovative freeze-drying technologies, accelerating drug development while ensuring compliance and efficiency. Discover our solutions today.
- Gorilla — We empower Energy Retailers in pricing, forecasting and reporting with data-driven solutions in boosting speed and flexibility.
Private equity for consumer brands. Built for growth. Proven in execution.
Show more...Investment focus
- Industry: Retail, E-Commerce, Cosmetics
- Stage:Private Equity, Venture - Series Unknown
- Geography: The Netherlands, France, Belgium
Investor stats
- Total investments: 15
- Lead/follow: 93% lead, 7% follow
- Last fund: May invest from a new fund soon — raised $351M in 2019
Portfolio highlights
- 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.
- Nederlandse Obesitas Kliniek — De Nederlandse Obesitas Kliniek is a healthcare firm that treatment of morbid obesity
New Economy Startups Investor & Accelerator
Show more...Investment focus
- Industry: Software, Music, Information Technology
- Stage:Seed, Series A
- Geography: Belgium, France, United States
Investor stats
- Total investments: 45
- Round size: Seed $200k–$2.5M; Series A $247k–$12M
- Lead/follow: 29% lead, 71% follow
Portfolio highlights
- neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
- CityLegends — A home for urban sports & culture partners of CityLegends. Making the lines.
- 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!
Force Over Mass Capital is an FCA regulated venture capital firm focused on early stage technology investments across UK and Europe. We invest in B2B innovation across four verticals, i.e. Fintech, Artificial Intelligence, SaaS and Industry 4.0.FOM cap operates both seed and scale-up funds to support early stage businesses through their growthjourney.
Show more...Investment focus
- Industry: Software, Information Technology, FinTech
- Stage:Seed, Series A
- Geography: United Kingdom, United States, Germany
Investor stats
- Total investments: 164
- Round size: Seed $350k–$4.2M; Series A $3.3M–$18M
- Lead/follow: 21% lead, 79% follow
- Last fund: May invest from a new fund soon — raised $131M in 2020
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.
- 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.
- Adclear — Instant approvals for financial promotions. Real-time marketing. Zero bottlenecks. Transform manual compliance into automated confidence. Scale your marketing operations while reducing risk. Adclear empowers your team to move fast and stay compliant.
We empower high-potential entrepreneurship and democratize venture capital. Discover promising start-ups & SMEs and invest alongside business angels.
Show more...Investment focus
- Industry: Health Care, Information Technology, Food and Beverage
- Stage:Series A, Seed, Series B
- Geography: Belgium, France
Investor stats
- Total investments: 14
- Lead/follow: no public data
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.
KPN Ventures is a corporate venture arm of KPN that aims to partner with innovative technology companies, providing access to capital, expertise, network, and customer channels. It focuses on early growth-stage European companies in networking technology, internet of things, smart home, digital healthcare, cyber security, mobile and video (OTT)services, cloud computing, data, and analytics. It began operation on June 1, 2015, with its headquarters in Rotterdam in the Netherlands.
Show more...Investment focus
- Industry: Software, Internet of Things, Information Technology
- Stage:Series A, Seed, Series B
- Geography: The Netherlands, Belgium, Germany
Investor stats
- Total investments: 29
- Lead/follow: no public data
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.
Angelwise Vlaams Investeringsfonds
Show more...Investment focus
- Industry: Software, SaaS, Marine Technology
- Stage:Seed, Series A
- Geography: Belgium, The Netherlands
Investor stats
- Total investments: 10
- Lead/follow: no public data
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.
As a global market maker, Optiver works to make the world's markets fairer, more transparent and more efficient for everyone.
Show more...Investment focus
- Industry: FinTech, Financial Services, Finance
- Stage:Series A, Series C, Series B
- Geography: United States, United Kingdom, Brazil
Investor stats
- Total investments: 13
- Round size: Series A $3.6M–$35M; Series B $21M–$31M; Series C $38M–$71M
- Lead/follow: 23% lead, 77% follow
Portfolio highlights
- Eden Block — Venture house dedicated to enabling a new digital future with blockchain
- Digital Asset — As leaders in blockchain technology, Digital Asset empowers customers with Daml, the leading platform for multi-party applications; an innovative smart contract language and Canton, our privacy-enabled distributed ledger technology.
- Nasdaq Private Market — NPM is leading the way by bringing private companies, banks and brokers, stakeholders, and investors together to transact in one connected marketplace.
SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins thelater rounds of HAX and IndieBio graduates. HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.
Show more...Investment focus
- Industry: Biotechnology, Health Care, Software
- Stage:Seed, Convertible Note, Pre-Seed
- Geography: United States, India, United Kingdom
Investor stats
- Total investments: 1482
- Lead/follow: no public data
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.
Access 48,091 investors
822 industries, 177 countries. Updated daily. Emails and phones included.
Browse database — It's Free!The alternative growth equity and consumer venture capital fund based in London and San Francisco. We invest in consumer brands with a positive social impact. We are Cause Capital.
Show more...Investment focus
- Industry: Health Care, Consumer Goods, Retail
- Stage:Series A, Series B
- Geography: United States, United Kingdom, Chile
Investor stats
- Total investments: 19
- Lead/follow: no public data
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?
ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. Its funds come from institutional investors, global corporations, and family offices. The firm creates value by investing in and supporting great European companies that deliver Sustainability Through Innovation.
Show more...Investment focus
- Industry: Software, Renewable Energy, Information Technology
- Stage:Series A, Series B
- Geography: United Kingdom, France, Germany
Investor stats
- Total investments: 95
- Round size: Series A $3.9M–$14M; Series B $5.5M–$34M
- Lead/follow: 46% lead, 54% follow
- Last fund: Likely still investing — raised $303M in 2024
Portfolio highlights
- QuantWare — QuantWare designs, develops and fabricates state-of-the-art superconducting Quantum Hardware with excellent specs, and good service.
- Modo Energy — Energy market data, benchmarking, and projections. All in one place and backed by Modo Energy insights.
- Dexter Energy Services — Dexter helps asset-backed renewable traders maximize profits through accurate forecasts and price insights, day-ahead to real time.
Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.
Show more...Investment focus
- Industry: Biotechnology, Renewable Energy, Information Technology
- Stage:Series B, Series A
- Geography: Belgium, The Netherlands, Germany
Investor stats
- Total investments: 44
- Round size: Series A $3.9M–$110M; Series B $6.4M–$41M
- Lead/follow: 48% lead, 52% follow
Portfolio highlights
- Trunkrs — Wij leveren pakketten tussen 17:00 & 22:00, Sneller, groener en vriendelijker. Same Day & Next Day bezorging door heel Nederland en Vlaanderen.
- 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.
- Commit Biologics — Add a description for facebook
BNP Paribas Fortis is a bank that provides personal and business banking services.
Show more...Investment focus
- Industry: Biotechnology, Software, Logistics
- Stage:Debt Financing, Series B
- Geography: Belgium, United States, France
Investor stats
- Total investments: 25
- Round size: Series B $9.9M–$109M; Debt Financing $32M–$2B
- Lead/follow: 16% lead, 84% follow
Portfolio highlights
- MobieTrain — Train, connect and empower your frontline teams in minutes. MobieTrain boosts onboarding, training, engagement, and performance. All in one simple platform
- Koc Holding — Koç Group is one of Turkey's largest industrial and services groups in terms of revenues, exports, research and development investments, patent portfolio, employees, taxes paid and market capitalization on the Borsa Istanbul. With consolidated revenues of $25.5 billion, it ranks among the world's Fortune 500 list. Koç Holding has leadingpositions with strong competitive advantages in various sectors, such as energy, automotive, consumer durables and finance. It has more than 97,000 employees and 10,000 dealers, agencies and after-sales service providers. Koç Group is celebrating its 90th anniversary.
- MRM Health NV — MRM Health NV, is a biopharmaceutical company focused on the discovery and development of innovative therapeutics based on the human microbiome. MRM Health was incorporated early 2020 by MRM Technologies, a Center of Expertise for microbiome research based in the biotech cluster in Ghent, in a joint venture with the Flemish Institute ofBiotechnology (VIB), an excellence-based entrepreneurial life sciences research institute in Flanders, Belgium, that focuses on translating basic scientific results into pharmaceutical, agricultural and industrial applications.
Corporate site of ING, a global financial institution of Dutch origin, providing news, investor relations and general information
Show more...Investment focus
- Industry: Energy, Renewable Energy, Solar
- Stage:Debt Financing, Post-IPO Debt
- Geography: United States, United Kingdom, The Netherlands
Investor stats
- Total investments: 107
- Round size: Post-IPO Debt $116M–$3B; Debt Financing $100M–$1.6B
- Lead/follow: 23% lead, 77% follow
Portfolio highlights
- 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.
- Glenveagh Properties — Glenveagh Properties PLC, formerly Glenveagh Properties Ltd, is an Ireland-based company focused on developing and building starter, mid-size and executive and high-end homes, with a principal focus on the Greater Dublin Area, either for itself or on behalf of third parties. Its flagship residential development site is the Marina village, which islocated beside the marina in Greystones with clear views of the Irish Sea to the east and the Wicklow Mountains to the west. Its other developments include Cois Glaisin, Co. Meath that focuses on first-time buyer homes and is located in the Dublin commuter-belt town of Navan,; Holsteiner Park, Clonee that is a development of 15 detached houses built on half acre plots; Milltown Meadows that is located in Ashbourne and comprises 67 homes; and Herbert Hill that comprises apartments and is located in the centre of Dundrum.
- Vulcan Energy Resources — Vulcan Energy Resources Ltd is a junior mineral exploration company that is exploring and developing battery metals projects in Europe.
Retail VC funding in Belgium at a glance
Stats across 19 deals from 22 investors.
Access all 22 VC funds in Belgium Retail startups.
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