Top 50 Software Startup Investors in Belgium in January 2025

Investor	Software Belgium investments
PMV	49
Volta Ventures	31
Limburgse Reconversie Maatschappij	24
Lorenz Bogaert	19
Fortino Capital	15
Qbic Fund	15
Pitchdrive	15
WING by Digital Wallonia	14
Seeder Fund	14
SmartFin	12
Capricorn Partners	12
Ark Angels Activator Fund	12
Toon Coppens	10
Flanders Innovation and Entrepreneurship (VLAIO)	9
LeanSquare	9
Be Angels	8
S.R.I.W.	7
Gimv	7
Peak	7
Belfius Bank	7
Angelwise	7
Big Bang Ventures	6
KBC	6
Jonas Dhaenens	6
Louis Jonckheere	6
Luc De Vos	5
Saffelberg Investments	5
Pieterjan Bouten	5
Newion	5
Sambrinvest	5
Inventures SA	5
KPN Ventures	5
BNP Paribas Fortis	5
Notion Capital	4
Medici Ventures	4
ING Group	4
XAnge	4
E-Merge	4
SoFi	4
Finance.Brussels	4
Green Park Investment Partners	4
Brustart	4
Michel Akkermans	4
Allegro Investment Fund	4
Singular	4
Willem Delbare	4
Syndicate One	4
Hummingbird Ventures	4
Wim Vanhaelemeesch	3
Pamica NV	3

Do and dare company

Investment focus

Software, Biotechnology, Health Care
Series A, Seed, Series B
Belgium, United States, The Netherlands

Portfolio highlights

Apideck — Integrate and monitor APIs at warp speed. Apideck is the fastest way for developers to build integrations. Connect new APIs in minutes instead of days.
Minze Health — Minze Health is a health tech start-up that builds creative digital health solutions for urology, pelvic health, and (in)continence care.
PanTera — PanTera wants to bring a new hope to cancer patients by enabling the widespread use of radiopharmaceuticals for personalised treatment of tumors

Volta Ventures is a venture capital firm, offering seed & early stage VC for internet & software companies (SaaS) in the Benelux region

Investment focus

Software, Information Technology, Artificial Intelligence
Seed, Series A, Funding Round
Belgium, The Netherlands, Luxembourg

Portfolio highlights

Propellant.digital — We are a Netherlands based FinTech that is focused on bring together public and private data to power business decisions in a low cost way. Born in 2021, our mission is to organise financial markets information and make it transparent, accessible, affordable and useful to all parties in the ecosystem. Propellant.Digital is headed up by foundersVincent Grandjean, and Allan Horgan, both professionals who have a long history in the financial market technology sector and wanted to leverage their experience to create a solution that was low cost.
Fero — Fero uses predictive AI to customize the payment process and pathway uniquely for every individual customer. Acknowledging the uniqueness of each customer and personalizing their checkout experience on an individual basis leads to an enhanced customer experience and, consequently, higher conversion rates. FERO's AI engine empowers itsclientsto strategically determine when to offer pricier payment methods and when to provide more economical choices, effectively lowering payment expenses while preserving conversion rates.
Ecochain Technologies — Ecochain is a life cycle assessment software and services company that helps companies reduce their environmental footprint. Learn more.

Oxygen for growth - LRM

Investment focus

Information Technology, Software, Biotechnology
Funding Round, Series A, Seed
Belgium, United States, The Netherlands

Portfolio highlights

Cumul.io — Create powerful dashboards in minutes. Share with your teams, or integrate in your platform. Drive growth in your business today!
MobieTrain — Unlock the potential of your customer-facing employees and create memorable customer experiences with MobieTrain's app.
Raw Stadia — Raw Stadia is a sports technology company that specializes in surface player interactions.

Lorenz is co-founder and CEO Ghent-based start-up studio StarApps. He also co-founded early stage investment fund Pitchdrive. He previously created Netlog, Twoo (exit to Tinder), Realo (exit to Axel Springer), Delta (exit to eToro) and Rydoo (exit to Sodexo).

Investment focus

Software, SaaS, Artificial Intelligence
Seed, Pre-Seed, Series A
Belgium, United Kingdom, United States

Portfolio highlights

FixForm — At FixForm, we aim to keep spaces and buildings in good, safe and clean condition. Our platform allows everybody to report problems with just the snap of a picture. Simplify your maintenance today and become part of the FixForm community.
Otamiser — Otamiser Booster® is an automated solution that helps hoteliers and revenue managers secure bookings by improving a property's online presence on major OTAs such as Booking.com, Expedia, Trips.com, Kayak, Airbnb, and VRBO. It maximizes occupancy rates and revenue through optimizing 951 essential parameters, ensuring continuous optimization,full automation, seamless integration with CMS, PMS, and RMS systems, dedicated customer support, integrations with Cubilis and Hostaway, and a customized API for Revenue Management software.
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.

We partner with exceptional B2B Software entrepreneurs across Northwestern Europe.

Investment focus

Software, Information Technology, SaaS
Series A, Seed, Funding Round
Belgium, The Netherlands, France

Portfolio highlights

TechWolf — TechWolf uses AI to bring you an automated, continuous and objective view on the workforce skills you have, the skills you need and the gap in between.
D2X Group — Trade digital asset options and futures on the EU-regulated market infrastructure for institutions.
ProMark — Time & attendance reporting, absence and task management and scheduling to maximise employee engagement, productivity and profitability.

The Qbic Fund is a multi-sector fund supporting spin-off companies of the Ghent, Brussels and Antwerp university associations and of VITO. Through its strategic partnership with the universities of Ghent, Brussels and Antwerp, and VITO, the Qbic Fund has early and privileged access to promising research projects at these partner universities. Ourinvestment approach is based on early in-depth and independent review and analysis followed by hands on involvement and support.In May 2012 the Qbic Fund held its first close and currently it has over € 30 million under management. The Qbic Fund is backed by several public and private investors and managed by Qbic Venture Partners.

Investment focus

Biotechnology, Software, Health Care
Seed, Funding Round, Series A
Belgium

Portfolio highlights

Weavely — Design forms in Figma - publish with Weavely. We turn your visual ideas into interactive, web-based forms.
Flindr Therapeutics — Immagene develops personalized cancer immunotherapies to fight multiple cancer type.
Confo Therapeutics — Confo Therapeutics is a drug discovery company building internal drug discovery programs on GPCRs addressing unmet medical need. Confo Therapeutics employs its proprietary CONFO® technology to lock inherent unstable functional conformations of GPCRs as a superior starting point for drug discovery. CONFO® body-stabilized active state conformationsof these receptors disclose previously inaccessible structural features empowering the discovery of novel agonists for better therapeutic intervention.

Pitchdrive is a pre-seed investor run by experienced tech entrepreneurs backing founders during their crazy startup ride. Buckle up.

Investment focus

Software, SaaS, Information Technology
Pre-Seed, Seed, Series A
Belgium, United Kingdom, Germany

Portfolio highlights

Powernaut — We build the software to run the energy system of tomorrow. Our virtual power plants create unseen before, but a necessity in our clean energy transition.
Vendorvue — Vendorvue revolutionize vendor management for procurement teams.
DataPad — Say hello to the World's easiest metric tracking tool. Track everything in one place. Enable your entire team. Build data culture. All with no code, no development.

W.IN.G by Digital Wallonia invests in SAAS, advanced tech and deep tech startups (AI, drones, medtech, IOT,...). W.IN.G brings smart money by helping startups by bi-weekly interactions and providing an operating teams (seasonal entrepreneurs being hands-on with the portfolio).

Investment focus

Software, Health Care, Internet
Seed, Convertible Note, Series A
Belgium

Portfolio highlights

IONNYK — IONNYK is a new medium of art photography, containing millions of tiny ink capsules.
MYOCENE — Myocene is a Liège-based sports technology company which creates unique and innovative devices for measuring muscle fatigue and performance.
Soil Capital Belgium — Discover Europe's first certified, multi-national carbon farming programme that rewards regenerative agriculture.

Seeder Fund is an early-stage financing and growth capital for digital startups. For young start-ups with a start in commercial traction it offers seed funding of up to EUR 200,000 to validate their value proposition and product-market fit. For start-ups preparing for Series A it provides funding of up to EUR 300,000 to confirm the growth potentialand move closer to break-even. For scale-ups, the Seeder Fund can also help finance the company's growth, this time in the form of a capital stake of up to 1,000,000 EUR.

Investment focus

Software, Information Technology, Financial Services
Seed, Pre-Seed, Series A
Belgium, Luxembourg, France

Portfolio highlights

Chift — Offer native integrations within your software. Your clients connect your software to their tools in one click. Connect easily to Accounting, POS, Invoicing, e-commerce, etc.
Borro — Cashless deposit system
StriveCloud — Transform web and mobile apps with interactive features that enhance engagement, retain users, and build loyalty.

Venture capital fund focussing on European B2B technology companies.

Investment focus

Software, SaaS, Analytics
Series B, Series A, Funding Round
Belgium, The Netherlands, Finland

Portfolio highlights

Cumul.io — Create powerful dashboards in minutes. Share with your teams, or integrate in your platform. Drive growth in your business today!
Timefold — Experts in PlanningAI for complex scheduling and routing
Happeo — This intranet keeps your teams informed, aligned, and productive with a template-based page builder, integrations, and universal search across all company tools.

Capricorn Partners is a unique independent manager of venture capital, growth capital and quoted equity funds

Investment focus

Biotechnology, Health Care, Software
Funding Round, Series B, Series A
Belgium, United States, The Netherlands

Portfolio highlights

NEFFA — NEFFA The fashion industry is one of the most polluting in the world: the sector is responsible for 8 to 10% of global CO2 emissions and accounts for ~20% of industrial water contamination. Conventional materials such as cotton require an immense amount of resources, semi-finished products travel all over the globe for various steps in theproduction process, and overproduction is anchored in the fundaments of the business model of fashion brands.Through the NEFFA production method, design is done directly in 3D, offering an innovative way to rethink fashion design. A digital design interface offers options to apply all kinds of parametric textures in the blink of an eye. The final design is turned into an affordable and recyclable 3D mold with a variety of digital technologies. This is possible because the manufacturing method does not require any high heat or pressure so the molds can be like blisters. In the meantime, the biomass is grown in large fermentation tanks. NEFFA currently works with mycelium – creating a material called MycoTEX – but their system can also work with other biomaterials that can be grown through liquid fermentation, such as algae or even collagen.
Thryve — Thryve’s SDK brings everything you need to access fragmented wearable, medical devices, and health data silos with a single integration. We unify your users’ data from smartwatches, blood glucose meters, and many other sources that unlock a continuous stream of harmonized health information for your care. We support popular data sources like AppleHealth, Google Fit, Huawei Health, Samsung Health, and many more.
Minze Health — Minze Health is a health tech start-up that builds creative digital health solutions for urology, pelvic health, and (in)continence care.

Ark Angels Activator Fund SA is a closed venture capital fund (closed-end private equity investment fund) with a capital of 14.8 M EUR. The Fund is recognized as ARKIV and has obtained the status of Private Privak under Belgian law. The Fund is managed by a management company set up by BAN Vlaanderen VZW, ING Belgium & the two fund managers.The Fund initially acted primarily as a co-investor in investments made by business angels who are members of BAN Vlaanderen, but then also co-invested with other capital providers. It focuses not only on investments in young growth companies, but also on companies in the growth or transfer phase with an operating office in Flanders,

Investment focus

Software, Information Technology, SaaS
Funding Round, Series A, Seed
Belgium

Portfolio highlights

Apicbase — Apicbase is a F&B management platform that gives you total visibility of your back of house so you can grow without compromise.
waylay — Waylay is a leading Enterprise IT-OT digital unification software company delivering low-code based orchestration, automation and analytics software solutions. Waylay has a passion for supporting enterprises on their IoT automation journey and ensuring it puts all valuable data to work for developers, data scientists and domain experts.
Accelleran — Accelleran is pioneering a disruptive approach to the delivery of cost-effective, carrier and mission-critical grade TDD and FDD Small Cell networks through its focus on software quality and partnerships with volume manufacturers.Accelleran provides LTE Small Cell software and LTE Small Cell product solutions which address the real-worldchallenges of volume deployment of Small Cells. We offer turnkey solutions and unique experience on the challenges of integrating cellular technology on low cost, yet powerful platforms and architectures. Accelleran offers its customers solid and dependable system solutions, backed by the support of our unparalleled expertise.Accelleran’s technology is genuinely independent from any HW platform and enables operators to invest once in the integration and validation of a common software base that can be deployed across different segments, platforms and Small Cell architectural approaches to enable a truly integrated HetNet.

Toon Coppens (Belgium, 1981), graduated as a Master of Science in Informatics at the University of Ghent.In june 2000, during his first year at university, he successfully launched the first Belgian social networking site, which later became Redbox.be.He is the co-founder of Massive Media, the social media company behind the successfuldigital brands Netlog.com and Twoo.com. Massive Media enables members to meet nearby people instantly. Today, Over 80 million people have joined our sites on web and mobile.Toon lives in Ghent (Belgium) and London (UK), loves snowboarding and used to deejay and play volleyball a lot.>> Toon's personal Netlog (dutch)>> Twoo.com (dutch)

Investment focus

SaaS, Software, Artificial Intelligence
Seed, Angel, Pre-Seed
Belgium, United States

Portfolio highlights

Bizzy — Bizzy is the B2B intelligence platform helping you discover, qualify and engage with companies, smarter than ever.
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.
StarApps — StarApps is a boutique venture builder, turning game-changing ideas into breakthrough companies, managed by rockstar entrepreneurs.

Basic and applied research fund of the Flemish regional government in Belgium

Investment focus

Biotechnology, Health Care, Artificial Intelligence
Grant, Pre-Seed, Seed
Belgium, Israel, Germany

Portfolio highlights

WeHave — Enter the cookieless era of advertising with WeHave's first-party data collaboration. Leverage external data in a gdpr compliant way.
Summ.link — Summ.link works to transform enterprises by enhancing the employee experience through strategy and strong insights based on trustworthy data, which leads to improvements in digital processes. By putting a strong emphasis on data intelligence and people analytics, it seeks to provide everyone in the organization with actionable information.Application development, big data, AI, cloud solutions, and other services are among their offerings.
Gorilla — We empower Energy Retailers in pricing, forecasting and reporting with data-driven solutions in boosting speed and flexibility.

New Economy Startups Investor & Accelerator

Investment focus

Software, Music, Internet
Seed, Funding Round, Series A
Belgium, France, United States

Portfolio highlights

e-peas — Ready to make your device energy autonomous with our state-of-art energy harvesting solutions? Phone: (+32) 10 77 12 30, sales@e-peas.com
LinkByCar — LinkByCar specializes in leveraging artificial intelligence and sensor data from connected vehicles to predict mechanical issues accurately. The company aggregates data across various automotive manufacturers, offering comprehensive solutions as a neutral third party. This approach enables the anticipation of vehicle maintenance needs, enhancingthe driving experience by ensuring reliability and safety. LinkByCar's technology focuses on the personalization of driving experiences and supports the evolving landscape of mobility, including connected vehicles, autonomous driving, and carpooling. The company serves as a bridge between automotive data and actionable insights, catering to the needs of vehicle owners and manufacturers alike.
Bridge.audio — Bridge is for everyone working with music and audio. We provide private workspaces to manage, share, and connect better

Early stage Entrepreneurs Coaching and FinancingOne of Europe's leading Business Angels Networks. We connect innovative growth companies to equity finance and coaching by experienced angel investors. The network is 250 members strong and has been assisting innovative entrepreneurs to find financing for more than 10 millions Euros in thelast 4 years.

Investment focus

Software, Information Technology, SaaS
Seed, Pre-Seed, Funding Round
Belgium, France, Spain

Portfolio highlights

Savics — Savics offers digital solutions for health actors to improve their data management, disease diagnostics and GeneXpert connectivity.
DeftHedge — DeftHedge is an application addressed to business leaders, and CFOs facing volatility of foreign exchange market.
NIUM — NIUM is a startup focused on personalized nutrition and gut microbiome research. NIUM created science-based solutions to transform nutrition research and product development.

The S.R.I.W. Group is an institution at the heart of the financial market that assists entrepreneurs in creating and developing businesses in the Walloon region. It reflects the effort of Wallonian industry in facing the challenges of the creation of economic value in the 21st century. Since its creation in 1979, the SociÃ©tÃ© RÃ©gionaledâ€™Investissement de Wallonie has continuously been expanding its abilities to adapt and anticipate as well as its flexibility in order to meet the requirements of its partners who are confronted with the evolution of the world economy. The principles of good governance, a strong business culture and shared values at the heart of the Group constitute important assets to capture the changing realities of the market and progress in a sustainable development perspective.

Investment focus

Biotechnology, Health Care, Manufacturing
Funding Round, Series A, Series B
Belgium, United States, Spain

Portfolio highlights

Univercells — We are biotech innovators, rooted in Belgium, driven by one purpose: To transform how biotech drugs are made so everyone, everywhere, can get them.
Intressa Vascular — Intressa Vascular provides innovative solutions to address life-threatening cardiovascular conditions such as aortic dissection.
Santero Therapeutics — Santero Therapeutics seeks to provide novel medications with fresh modes of action that combat diseases with high resistance. Santero develops antimicrobials with novel modes of action to combat the rise of antibiotic-resistant microorganisms.

Gimv, a trusted European investment company, helps mid-market businesses create sustainable value through growth capital and expertise across diverse sectors.

Investment focus

Biotechnology, Health Care, Medical
Series B, Funding Round, Private Equity
Belgium, United States, France

Portfolio highlights

Curana — Curana is a manufacturer of bike equipment and accessories.
Kivu Bioscience — At Kivu Bioscience, we leverage advanced, next-generation proprietary ADC technologies to deliver more precise and effective cancer treatments.
ImmunOs Therapeutics — ImmunOs Therapeutics AG is a clinical-stage biotechnology company focused on discovering and developing next generation and novel human immunomodulatory proteins with a role in both innate and adaptive immunity.Their mission is to develop the next generation of novel therapeutics that will improve the lives of patients with serious disease.

European early-stage venture capital fund backed 100% by founders. Helping Pre-Seed and Seed SaaS, Marketplaces & Platforms with their Go-To-Market.

Investment focus

Software, SaaS, E-Commerce
Seed, Funding Round, Pre-Seed
The Netherlands, Germany, Sweden

Portfolio highlights

DREM — Simplifying distributed energy saving solutions
Vetnio — Vetnio is a tool that records conversations between veterinary professionals and pet owners, automatically generating clinical notes for the meetings. It saves veterinary professionals time, allowing them to focus more on their patients.
OpusFlow — OpusFlow is an all-in-one ERP system for the installation industry.

A for-profit PLC founded to meet local authority needs.

Investment focus

Software, SaaS, Artificial Intelligence
Seed, Pre-Seed, Series A
Belgium

Portfolio highlights

Alan — Alan is a digital health insurance platform that revolutionizes health insurance by focusing on user experience with an excellent price-quality ratio health plan. Alan started by creating a health insurance company for individuals and companies, that they can trust as a service and enjoy as an experience. Alan is the insurance company that makeshealthcare simpler, smarter, and better.It is the first new independent insurance licensed in France since 1986 by the French Prudential Supervisory Authority (ACPR) and it has raised more than €125m with leading investors such as Index Ventures, CNP, Partech, and Portage since its creation in 2016.
GlasDraad — GlasDraad develops broadband infrastructures by means of the construction of modern fibre optic networks.
PanTera — PanTera wants to bring a new hope to cancer patients by enabling the widespread use of radiopharmaceuticals for personalised treatment of tumors

Angelwise Vlaams Investeringsfonds

Investment focus

Software, SaaS, Marine Technology
Seed, Series A, Funding Round
Belgium, The Netherlands

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.

Supporting Exceptional entrepreneurs. We value emotional intelligence as much as data, growing internal culture as much as growing revenue, and forming strong, personal bonds with founders. We recognize patterns where other don't.

Investment focus

Software, Cloud Computing, Apps
Series A, Series B, Funding Round
Belgium, The Netherlands, United States

Portfolio highlights

Amplidata — From high-performance ingest that powers AI applications and demanding data-intensive workloads, to massive, durable data lakes to fuel AI models, Quantum offers the most comprehensive and cost-efficient data management solutions.
Clear2Pay — Clear2Pay is an innovative payments technology company focused on delivering globally applicable solutions for secure, timely and streamlined payments processing. Clear2Pay's Open Payment Framework (OPF) enables financial institutions to improve internal payments processing efficiencies whilst at the same time providing their clients withbetter payment services that are faster, with richer payments related information.Clear2Pay's solutions within the Service- Oriented Architecture (SOA) based Open Payment Framework offer financial institutions the ability to process payments through a centralised payments engine that utilises a library of re-useable business services across all payment types. The bank can thus combine new services models with existing infrastructures, thereby protecting previous investments whilst gradually moving to a more modern efficient payments environment.
Racktivity — Racktivity, an innovator in next-generation power, energy and environmental management solutions offers the industry's only integrated hardware and software for critical infrastructures.The DCPM suite, a Service Provider Infrastructure & Data Center Performance Management System, measures, monitors and manages power across distributeddata centres and gives customers full visibility and control of their energy consumption while integrating seamlessly with other applications and PDU appliances.Racktivity's EnergySwitch family of smart Power Distribution Units (PDUs), and sensors equips infrastructures with the most advanced metering, switching and predictive analysis capabilities available on the market today.

KBC Private Equity - the investment company of KBC Group - provides development capital and finances buy-outs to medium-sized companies in Belgium and in Central and Eastern Europe, KBC's home markets.Boasting an experienced team of 28 people, it has more than 60 active investments in portfolio with a market value in excess of EUR 400million.KBC Private Equity aims to become one of the leading private equity providers on KBC Group's home markets. As an active shareholder with a long-term perspective, KBC Private Equity is involved in taking strategic decisions and providing support to management teams.

Investment focus

Biotechnology, Health Care, Information Technology
Seed, Series A, Series B
Belgium, United States, Luxembourg

Portfolio highlights

ELIS — Elis is a multi-services group in Europe and Brazil, specialized in the rental and maintenance of professional clothing and textile articles, as well as hygiene appliance and well-being services. With more than 19,000 employees spread across 13 countries, Elis consolidated turnover in 2014 was €1.331 billion and consolidated EBITDA reached €429million. Benefiting from more than a century of experience, Elis today services more than 240 000 businesses of all sizes in the hotel, catering, healthcare, industry, retail and services sectors, thanks to its network of nearly 300 production and distribution centers and 13 clean rooms, which guarantees it an unrivalled proximity to its clients.
Setle — During the renovation process, Settle assists in helping to make better judgments. Settle's goal is to increase renovation transparency. From increasing the energy efficiency of your home to getting the most out of your housing budget.
MICLEDI Microdisplays — MICLEDI Microdisplays is an experienced executive in the semiconductor industry,

Jonas Dhaenens - Group CEO @ team.blue Denmark

Investment focus

Software, SaaS, Enterprise Software
Seed, Angel, Pre-Seed
Belgium

Portfolio highlights

Qollabi — Make partner and account plans work with Qollabi BRM (Business Relationship Management) for professionals managing indirect sales channels like agents, branches, distributors, dealers, brokers, resellers etc.
Leadcamp — Leadcamp offers software solutions for email tracking, lead scoring, pipeline management, sales analytics and automation.
Cardify — Cardify redefines the way the fastest growing companies enable their sales team to deliver a more effective and personalized buyer/seller experience. The company was founded in 2019 and headquartered in Oost-Vlaanderen, Belgium.

Louis Jonckheere is the Co-Founder and Board member at In The Pocket. Louis Jonckheere attended Vlerick Business School.

Investment focus

Software, SaaS, Information Technology
Seed, Series A, Pre-Seed
Belgium, France

Portfolio highlights

Henchman — Effortlessly find the clauses you’re looking for by applying our AI to your existing contracts.
Leadcamp — Leadcamp offers software solutions for email tracking, lead scoring, pipeline management, sales analytics and automation.
Aikido Security — Easily discover and track all your security issues in one place with Aikido's all-in-one AppSec product.

Luc De Vos is the non-executive director at Hybrid Software Group PLC. Luc De Vos attended KU Leuven.

Investment focus

Analytics, Consulting, B2B
Seed, Series A, Private Equity
Belgium, Finland, United States

Portfolio highlights

Finactum — Finactum delivers company data for Belgium in a freemium business model. The offering is to provide 'rich' factual data and as such be a tool for company competitive intelligence, m&a market research or lead generation. The company aims to be(come) a data Intelligence Service Provider (web 3.0).
Husky Marketing Planner — Marketing planning & marketing calendar tool for marketing teams. Makes the complete marketing planning clear on one central digital platform.
DataStories International — DataStories a Partners in Performance Company, is an end-to-end prescriptive analytics provider for your operations. Real-time optimisation for better quality, yield and energy efficiency.

Saffelberg Investments is an independent investment company with a 250 million EUR capital base. We focus on long term investments by taking both majority stakes and substantial minorities in fast-growing ventures through risk-bearing capital.

Investment focus

Software, Fashion, E-Commerce
Funding Round, Series A, Seed
Belgium

Portfolio highlights

BRIKL — Brikl is the world's leading e-Commerce MicroStore technology. Build team stores, club shops, and custom products using our 3D configurator.
Radian Arc — Radian Arc is a content delivery network (CDN) that sets up broadband services around the world to make it easier to send video or gaming data to consumers.
Tangent Works — Create predictive models in seconds for faster and better forecasting & anomaly detection with TIM InstantML.

Pieterjan Bouten is the Co-Founder - Chairman of the board at In The Pocket. Pieterjan Bouten attended KU Leuven.

Investment focus

SaaS, Software, Information Technology
Seed, Pre-Seed, Series A
Belgium, France, Denmark

Portfolio highlights

introw — We help B2B sales, marketing & partnership teams to unlock warm referral leads in their partner ecosystem through AI. Allowing them to discover & co-sell on these leads from within their sales tools.
Henchman — Effortlessly find the clauses you’re looking for by applying our AI to your existing contracts.
Growblocks — Driving revenue growth is complicated. Teams need to collaborate, work with data and keep everyone on track in order to succeed.Growblocks strives to apply our winning formula to the B2B Scale-Up community helping our customers reach their revenue growth dreams - faster.We believe that when enough brains are applied, every problem is solvableand our team of brains is world class.Founded by a team of business leaders who have helped start, scale and exit some of the most successful SaaS companies in Europe. Funded by leading European VCs and Angel Investors.

Newion is a venture capital firm focused on early-stage investments in B2B software companies. Its mission is to support entrepreneurs in building software companies into category leaders that create sustainable impact, and in doing so generate excellent returns to its investors.

Investment focus

Software, SaaS, Information Technology
Series A, Funding Round, Seed
The Netherlands, Belgium, Germany

Portfolio highlights

Parloa — Amplify your customer service experience with a team of personal AI agents. Leverage the full power of generative AI for contact center automation.
airfocus — airfocus is the first modular product management software: Manage and communicate your product strategy, prioritize your roadmap, and solve the right problems.
Neople — Every employee deserves an assistant. Meet the Neople, and increase your productivity simply by starting a conversation with them. Trained on your documents, available in your pocket.

Sambrinvest is an active venture capital player in the region of Charleroi - Thuin.

Investment focus

Biotechnology, Health Care, Information Technology
Seed, Series A, Series B
Belgium, France, Spain

Portfolio highlights

AdipoPharma — By harnessing the power of the Adipocyte AdipoPharma is committed to developing innovative treatment for type 2 diabetes
AbolerIS Pharma — AbolerIS Pharma aims to develop novel and unique therapeutic approaches to induce immune tolerance.
ATB Therapeutics — ATB Therapeutics is a biopharmaceutical company that provides novel therapeutic solutions and treatments for cancer patients.

Inventures is a European venture capital fund that builds a better world through a portfolio of investments in sustainable businesses.The firm has two funds: Inventures I & Inventures II.Inventures was created to support early stage smart and innovative European businesses, to support sustainable job growth and empower entrepreneurs.Inventures empowers citizenship co-investments through a crowdfunding platform, MyMicroInvest.

Investment focus

Health Care, Manufacturing, Biotechnology
Series A, Seed, Funding Round
Belgium, France, United Kingdom

Portfolio highlights

BiOceanOr — BiOceanOr harnessed the power of Marine Biology and AI to deliver bio-guided services that optimize fish welfare and fish growth, while supporting aquaculture sustainability standards
myskillcamp — Myskillcamp is a digital learning platform and educational design support service. Myskillcamp supports their customers in the digital transformation of their company and the launch of their Digital Learning project. From the audit of needs to the design of engaging educational devices, through a pilot phase, they make a point of honor to adapt thedigital to the specificities of each and give it meaning.With their online platform, businesses can manage their learner communities and connect all their partners in one place. Their tool also allows businesses to structure training spaces by skills, trades, brands within camps. In parallel, businesses can create educational content from scratch, select a map in their marketplace, or plan sessions in-class. Businesses can organize the distribution of their training to a single learner or to a whole group.
Octave — A sustainable, cost-effective and reliable energy storage system with second-life batteries from electric vehicles.

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, the 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.

Investment focus

Software, SaaS, Information Technology
Series A, Series B, Seed
The Netherlands, Belgium, Germany

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.
CloudTalk — CloudTalk is an intuitive and easy-to-use cloud-based call center software with many advanced features designed to improve customer support.
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.

BNP Paribas Fortis is a bank that provides personal and business banking services.

Investment focus

Biotechnology, Logistics, Pharmaceutical
Debt Financing, Funding Round, Series B
Belgium, United States, Germany

Portfolio highlights

Aphea.Bio — . .sustainableagriculture-section {. backgroundcolor: fff;. boxshadow: 0 0.40rem 0.40rem rgba(0, 0, 0, 0.25);. display: flex;. flexdirection: column;. overflow: hidden;. backgroundsize: cover;. }.. .herobanner {. display: flex;. flexdirection: column;. position: relative
MobieTrain — Unlock the potential of your customer-facing employees and create memorable customer experiences with MobieTrain's app.
Global Infrastructure Partners — A leading global, independent infrastructure fund manager.

Notion Capital is a VC firm focused on European SaaS and Cloud.

Investment focus

Software, Information Technology, SaaS
Series A, Seed, Series B
United Kingdom, United States, Germany

Portfolio highlights

Cogna — Cogna offers an AI-powered SaaS platform that streamlines the integration of data across several business domains.
Refute — Refute identifies and addresses misinformation on behalf of there businesses.
Upvest — Upvest empowers financial institutions to offer investment products in their app with a modular, scalable, and accessible API. Upvest brings together everything that’s required to offer a broad range of investment products on the website and app. They are connected to the world’s leading asset providers and exchanges to provide the bestinvestments, at the best prices and execution speed.

Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to manage and oversee the company’s investments in firms building solutions leveraging and servicing blockchain technologies. Medici Ventures has a growing portfolio of groundbreaking new companies and tech businesses.

Investment focus

Blockchain, FinTech, Financial Services
Series A, Funding Round, Seed
United States, China, Israel

Portfolio highlights

Upstream App — Upstream makes it simple to launch a DAO with its no-code, full-stack platform. No technical experience required.
SettleMint — SettleMint is a Blockchain technology company (with offices in Belgium, United Arab Emirates, Saudi Arabia, India and Singapore) & was incorporated in 2016 by Matthew Van Niekerk & Roderik van der Veer. They met in 2013 while devising & developing blockchain applications for KBC Securities, a large Belgian financial institution. Theyvery quickly realised that the promise of Blockchain technology far exceeded the boundaries of the financial world & would permeate industry & society entirely in the years to come. With the realisation that the technology will benefit organisations large and small, unlock incredible opportunities for society and move from a nascent to prevalent technology over the next 5 to 10 years, Matthew and Roderik set up SettleMint with a simple purpose, to make it easy for developers to integrate blockchain technologies into their applications. This product vision addresses the single biggest inhibitor to adoption, developer capabilities.SettleMint's core technology 'Mint' accelerates the path to leveraging the benefits of blockchain technology: whether those enterprises are looking to improve efficiency, to extend their current products to a new client segment or to completely reinvent an existing business model.Mint is a chain-agnostic node-wrapping technology including a suite of APIs, developer tools and frameworks that enable any software developer to build new Blockchain based applications or integrate Blockchain functionalities into existing solutions. Mint encapsulates years of R&D on the technical, operational & organisational aspects of Blockchain technology & packages this in fully documented APIs, micro-services, browser components and templates that strips away complexity and providing developers with the building blocks required to build full stack applications.Based on our development of 35+ fully functioning Blockchain applications & after having researched more than 500 known use cases, Mint covers 85% of the use cases for Blockchain technologies and radically reduces the time to market for users. Using Mint, integrating blockchain technologies into an application can take as little as 3 hours.So in short, it doesn’t matter if you are a startup or a big corporation, if you have decided that Blockchain technology should be part of your business or your vision for the future there is no faster solution to get you there.
Nature Mobility — Nature Mobility is a mobile application platform.

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services. They serve more than 85 million private, corporate and institutional customers in Europe, North and Latin America, Asia and Australia. They draw on our experience and expertise, their commitment to excellent service andtheir global scale to meet the needs of a broad customer base, comprising individuals, families, small businesses, large corporations, institutions and governments.

Investment focus

Energy, Renewable Energy, FinTech
Debt Financing, Post-IPO Debt, Funding Round
United Kingdom, United States, The Netherlands

Portfolio highlights

Neoen — Neoen is an independent energy company, develops, finances, builds, and operates power plants based on renewable energies in France, Portugal, Australia, Mexico, Egypt, and El Salvador. It operates solar, wind, and biomass power plants. The company, through its subsidiaries, also specializes in the development of marine renewable energy projects inFrance; supports photovoltaic project developers and investors in the design, construction, operation, and maintenance of solar power plants in France and abroad; and develops solar and wind farms.
Enfinity Global — We develop value added solutions to accelerate the transition to a sustainable global energy economy
STX Group — Founded in 2005, STX Group provides access to renewable energy, biofuels, energy efficiency and carbon markets. We're hiring!

For 20 years, XAnge has been a key venture capital fund in Europe. With 70 startups in its portfolio, XAnge invests early in innovative tech companies.

Investment focus

Software, Information Technology, SaaS
Series A, Seed, Series B
France, Germany, Belgium

Portfolio highlights

TEEPTRAK — Optimise your industrial efficiency with TeepTrak. Improve your production and exceed your objectives today!
Gladia.io — 1 stop shop AI API hub for developers
SamanTree Medical — SamanTree Medical has developed the Histolog Scanner, a confocal microscopy device intended for imaging the surface of excised human tissue specimens to visualize morphological microstructures. Easy-to-read images are available immediately, providing decision-making support at the point of care.

Find out if E-Merge is the right fit for your future career! Explore jobs, salary, equity, and funding information. Read about work-life balance, perks, benefits, and the company culture!

Investment focus

Software, SaaS, E-Commerce
Seed, Series A, Funding Round
United States, Belgium, Spain

Portfolio highlights

Invopop — Issue compliant invoices, globally
Work Today — Create one profile. Apply to thousands of jobs in minutes.
Anagram — Anagram's software platform automates vision insurance eligibility, claims, billing, lab ordering, and instant rebates to help eye care providers differentiate themselves and advance their practices.

SoFi is a finance company that offers a range of lending and wealth management services. The company primarily caters to early-stage professionals and offers variable and fixed rate parent, personal, and MBA loans, mortgage refinancing, and more. They create modern financial products and services that help people borrow, save, spend, invest, andprotect their money better so that they can achieve financial independence and realize their ambitions from owning a home to saving for retirement, paying off their student loans, and more.It was founded in 2016 and is headquartered in San Francisco, California.

Investment focus

Apps, Biotechnology, Information Technology
Series A, Funding Round, Seed
Belgium, Brazil, United States

Portfolio highlights

PieSync — PieSync creates deep integrations between web applications focused on business users. Our goal: increasing your productivity drastically by combining the powers of your favorite cloud applications
Wage — Thanks for your interest in Wage.com - If you are interested in purchasing this domain, please click the button below to get in contact. Some Value Points for the domain: 1. Highly Aged (SEO Benefits) (Wage.com HAS BEEN ACTIVE SINCE 1996) 2. Highly Sought After (Value Appreciation) (
Indigo Diabetes — Revolutionizing the management of chronic disease.

Regional Investment Company of Brussels

Investment focus

Software, Information Technology, Internet
Seed, Funding Round, Series A
Belgium, France

Portfolio highlights

cikisi — Specialized in Web Intelligence (collecting, searching and filtering web information). Help companies and organizations to take advantage of Web information that are relevant to their development. Develops and commercializes Cikisi WMT, a Web Intelligence Solution.
AnyKrowd — Anykrowd specializes in providing an all-in-one cashless payments and ticketing solution aimed at enhancing event experiences. The company focuses on increasing revenue for event organizers while reducing operational costs. Anykrowd's platform is designed to support the creation of various ticket types, including early bird, multiple days, andVIP tickets, catering to the diverse needs of events. With a commitment to technological innovation, Anykrowd continuously develops new tools to stay aligned with the evolving demands of the event industry. The company also emphasizes sustainability and the future of event management by offering easy-to-use event technology and management tools.
Easyvest — Easyvest is leading a crusade to help all Belgians to make their money grow in a personalized, simple, low-cost and educational way.

Green Park is een onafhankelijke investeerder. We investeren sinds 2010 in kleine en middelgrote bedrijven in de Benelux met focus op buyouts, groeifinanciering en/of partnerships. We werken graag nauw samen met gedreven ondernemers of management teams, waarbij we actieve ondersteuning en financiering voor verdere groei bieden.

Investment focus

Information Technology, Real Estate, CRM
Seed, Series A, Convertible Note
Belgium

Portfolio highlights

TechWolf — TechWolf uses AI to bring you an automated, continuous and objective view on the workforce skills you have, the skills you need and the gap in between.
SweepBright — SweepBright is a new generation CRM for forward looking real estate agencies.
Around Media — Digitize your real estate like it's 2025

More than financing alone!The Brussels Regional Investment provides financial support for the creation, reorganization and expansion of private corporations located in the Brussels Capital Region.The G.I.M.B. is an investment company with an overall mission that is open to the vast majority of economic sectors.Application through its ownfunds or quasi-equity funds helps GIMB SMEs in their creation and development: it brings about a financial leverage, to the extent that its intervention allows companies to obtain bank financing easier.Interventions are tailored to the specific nature of each project, either in the form of an investment in capital (minority interest) or in the form of a loan.Besides the investment in the strict sense, the company strives to be the promoters at any time to monitor and assist their company when a decision must be taken.Currently receive more than 350 Brussels companies, which insure thousands of workshops, support GIMB and its affiliates.

Investment focus

Big Data, Internet, Software
Seed, Series A, Funding Round
Belgium

Portfolio highlights

Collibra — Collibra delivers an end-to-end Data Intelligence platform to accelerate digital business transformation. Collibra accelerates trusted business outcomes by connecting the right data, insights, and algorithms to all Data Citizens. The company's platform breaks down traditional data silos and opens up organizational data, providing trustworthybusiness intelligence, enabling users to find the data they need, collaborate on it, and easily understand its meaning.It was founded in 2008 and headquartered in Hoofdstedelijk Gewest, Belgium.
proUnity — The external talent matchmaker. PoUnity unites freelancers, suppliers and companies in cool new missions. The best talent wins and joins innovative projects.
Swan Insights — Swan Insights focuses on providing businesses with big data solutions for their decision making in marketing campaigns, lead generation, and customer relationship management.Swan Insights enables businesses to obtain business insights and information collected from social media, corporate websites, official business registers, businessactivities, and more. The company develops cloud solutions, APIs, applications, and system integration solutions.Swan Insights was founded by Laurent Kinet in October 2013. And it is headquartered in Brussels, Belgium.

Michel Akkermans is the Chairman and CEO of Pamica NV. Attended University of Leuven.

Investment focus

FinTech, Financial Services, Finance
Seed, Series A, Funding Round
Belgium, United States, Germany

Portfolio highlights

Seaters A.I. - Unrivalled Brand Relation Management — Smart technology for sustainable brand relationships. A people-centric approach for customer activation and guest management.
Cashforce — Cashforce is a ‘next-generation’ Cash forecasting & Working Capital management platform, focused on automation and integration - bridging the gap between the CFO, finance, AR/ AP and treasury. The platform is unique in its category because of the seamless integration with numerous ERPs & banking systems, the ability to drill down totransaction level details, and the intelligent AI-based simulation engine that enables multiple cash flow scenarios, forecasts & impact analysis. Cashforce is a global company with offices in New York, Antwerp, Amsterdam, Copenhagen & London and provides Cash visibility to multinational corporates across various industries in over 120 countries worldwide.
Connective — Connective provides Digital Transaction Management services to the financial, insurance, and public sectors in Belgium and The Netherlands. The Antwerp FinTech scale-up, offers solutions to generate, digitally sign and exchange so-called “smart contracts” in an ergonomic, secure and flexible way. Connective meets the growing market demand todigitize document driven processes and easily collect digital signatures by the different stakeholders.The company mainly focuses on large banks, insurers and other financial institutions. Connective’s innovative, proven and futureproof technology is compliant to European standards (ETSI/eIDAS) and is used by banks and insurers such as BNP Paribas, Delta Lloyd Life, Federale Verzekeringen, ING Bank, Credit Agricole’s Keytrade, DELA, and many more.

Allegro Investment Fund is an open end seed capital investment fund, focussing on high-tech ventures. With a combined experience of more then 40 years of experience in high-tech start-up management, the AIF team adds smart money to your capital needs.

Investment focus

Software, Hardware, Apps
Funding Round, Series A, Series B
Belgium, United States, The Netherlands

Portfolio highlights

Visys — Visys NV, The optical sorting innovation Company, is a leading state-of-the-art provider of Digital automated sorting solutions to the global food and non-food processing industry.
Mass Relevance — Mass Relevance develops and offers cloud-based software for media and entertainment sectors.Its software enables social media content aggregation, filtration, and integration. The company's clientele includes December, 2010. The company was founded in 2009 and is based in Austin, Texas.In April 2014, Mass Relevance merged with Spredfast, forming a comprehensive social marketing company.
GreenPeak Technologies — GreenPeak Technologies operates as a fabless semiconductor and is one of the leaders in the ZigBee market with a rich offering of RF chips for the Smart Home and the IoT.Driven by the world’s MSOs, GreenPeak is proving its market leadership position as the Internet of Things connectivity technology provider for the Smart Home.GreenPeakTechnologies is a fabless semiconductor company and the leader in the ZigBee market with a rich offering of semiconductor products and software technologies for Smart Home data communications and the Internet of Things.The GreenPeak founders have significantly contributed to the invention of WiFi and made it into a commercial success, used by several billion people today. GreenPeak is recognised as a leader in developing new wireless technologies for consumer electronics, Smart Home applications and the IoT/IoE, demonstrating rapid growth and adoption by major customers around the globe.It offers its products for original equipment manufacturers in the United States, Europe, and Asia. The company was formerly known as Xanadu Wireless and changed its name to GreenPeak Technologies B.V. in 2007. GreenPeak Technologies was founded in 2004 and is based in Utrecht, the Netherlands with additional offices in Belgium, Japan, France, California, US as well as in Korea and Hong Kong.

Singular is a generalist venture capital firm backing ambitious European entrepreneurs.

Investment focus

Software, Analytics, Machine Learning
Series A, Seed, Series B
France, Germany, Belgium

Portfolio highlights

Prelude — Prelude is advancing SMS verification and mobile onboarding infrastructure through a set of unified APIs developers might actually like. Prelude is dedicated to more reliable fraud detection, elegant transparency, and increased reliability– all at a better price, so businesses can make every ping count for their customer experience, not their bill.
Orakl Oncology — Cultivated with love by the Orakl team.
Basecamp Research — Novel proteins from nature. We sample the most extreme and exciting places on the planet to build the world's largest knowledge graph of natural biodiversity.

Willem Delbare is the Founder at Teamleader.

Investment focus

Software, Artificial Intelligence, CRM
Seed
Belgium

Portfolio highlights

Donna — Meet Donna, your AI-powered sales assistant designed to streamline your sales process. Reduce admin tasks, automate CRM updates, and draft follow-up emails with ease. Spend more time closing deals and less on paperwork. Book a demo now!
journy.io — Turn customer behaviour on SaaS platform and website into playbooks that drive product-led customer acquisition, expansion and retention, at scale.
StoryChief — StoryChief.io is an Editorial Software for Startups, SEO Marketers and Editorial teams who want to publish their stories multi-channel in seconds. This tool lets you create and push your articles to different publishing channels like Wordpress, Self hosted SC blog, API, Accelerated Mobile Pages (Apple News, Facebook Instant Articles, Google AMP,...), Medium.com, Newsletters, Ambassadors, Press contacts/Influencers, etc. It has a universal editor that lets you create beautiful stories with ease, making them look as they should on these channels and measure your impact and ROI in one place. It also provides SEO suggestions for your content.

Syndicate One helps Belgian startups scale up their businesses through early-stage financing, relevant advice and mentorship.

Investment focus

SaaS, FinTech, Software
Seed, Pre-Seed, Series A
Belgium, United Kingdom

Portfolio highlights

Powernaut — We build the software to run the energy system of tomorrow. Our virtual power plants create unseen before, but a necessity in our clean energy transition.
Vendorvue — Vendorvue revolutionize vendor management for procurement teams.
Sirona Technologies — Pioneering direct air capture (DAC) technology with a focus on speed, scalability and a low capex design.

Supporting Exceptional entrepreneurs. We value emotional intelligence as much as data, growing internal culture as much as growing revenue, and forming strong, personal bonds with founders. We recognize patterns where other don't.

Investment focus

Software, Financial Services, Biotechnology
Series A, Seed, Series B
United States, Turkey, United Kingdom

Portfolio highlights

Karman+ — Mining near Earth asteroids
Lovable — Build software products, using only a chat interface
Basecamp Research — Novel proteins from nature. We sample the most extreme and exciting places on the planet to build the world's largest knowledge graph of natural biodiversity.

Wim Vanhaelemeesch

Investment focus

Artificial Intelligence, Software, Customer Service
Seed, Convertible Note
Belgium

Portfolio highlights

TechWolf — TechWolf uses AI to bring you an automated, continuous and objective view on the workforce skills you have, the skills you need and the gap in between.
Hello Customer — Hello Customer is the end-to-end customer feedback platform to deliver on customer expectations by knowing which process, product or performance to improve

Pamica NV is the investment company of Michel Akkermans.

Investment focus

FinTech, Finance, Financial Services
Seed, Series A, Funding Round
Belgium, Germany, United States

Portfolio highlights

BITA — Real-time indexes and high-performance infrastructure to power the next generation of passive investing.
b.fine — With a singular focus on regulatory reporting and data, Regnology delivers powerful solutions for financial institutions, regulators and tax authorities.
Cashforce — Cashforce is a ‘next-generation’ Cash forecasting & Working Capital management platform, focused on automation and integration - bridging the gap between the CFO, finance, AR/ AP and treasury. The platform is unique in its category because of the seamless integration with numerous ERPs & banking systems, the ability to drill down totransaction level details, and the intelligent AI-based simulation engine that enables multiple cash flow scenarios, forecasts & impact analysis. Cashforce is a global company with offices in New York, Antwerp, Amsterdam, Copenhagen & London and provides Cash visibility to multinational corporates across various industries in over 120 countries worldwide.