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Top 50 VC Funds & Investors in Belgium (November 2026)

The most active venture capital funds investing in Belgium startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium startup companies. Find investors to raise a Seed, Series A or Venture - Series Unknown round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
PMV
VC Fund
115 Belgium, United States, The Netherlands Seed, Series A, Series B Software, Biotechnology, Health Care $1M–$43M
Limburgse Reconversie Maatschappij
VC Fund
61 Belgium, The Netherlands, United States Seed, Venture - Series Unknown Information Technology, Software, Biotechnology $658k–$11M
Qbic Fund
VC Fund
46 Belgium, France, The Netherlands Seed, Series A, Venture - Series Unknown Biotechnology, Software, Health Care $680k–$34M
Pitchdrive
VC Fund
44 Belgium, United Kingdom, United States Pre-Seed, Seed, Series A Software, SaaS, Artificial Intelligence $110k–$5.3M
Meusinvest (Noshaq)
VC Fund
44 Belgium, France, Germany Series A, Seed, Venture - Series Unknown Biotechnology, Health Care, Medical $159k–$16M
Volta Ventures
VC Fund
43 Belgium, The Netherlands, United States Seed, Series A, Pre-Seed Software, Information Technology, SaaS $850k–$8.8M
Spreds
VC Fund
42 Belgium, France Seed, Series A, Series B Information Technology, Food and Beverage, E-Commerce $97k–$2.3M
S.R.I.W.
VC Fund
37 Belgium, United States, Spain Venture - Series Unknown, Series A Health Care, Biotechnology, Manufacturing $422k–$51M
WING by Digital Wallonia
VC Fund
32 Belgium Seed, Convertible Note, Series A Software, Health Care, SaaS $61k–$12M
Gemma Frisius Fund
VC Fund
31 Belgium, France, United Kingdom Seed, Series A, Series B Biotechnology, Medical, Software $500k–$84M
Seeder Fund
VC Fund
29 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $212k–$12M
Inventures SA
VC Fund
28 Belgium, France, United Kingdom Series A, Seed, Series B Health Care, Software, Biotechnology $67k–$21M
Capricorn Partners
VC Fund
28 Belgium, United States, The Netherlands Series A, Series B Biotechnology, Health Care, Software $3.3M–$45M
SmartFin
VC Fund
26 Belgium, The Netherlands, Turkey Series A, Series B, Seed Software, SaaS, Information Technology $549k–$35M
Fortino Capital
VC Fund
24 Belgium, The Netherlands, Germany Series A, Seed, Venture - Series Unknown Software, Information Technology, SaaS $2M–$24M
Syndicate One
VC Fund
24 Belgium, United Kingdom, United States Seed, Pre-Seed, Series A Artificial Intelligence, Software, SaaS $1M–$20M
Sambrinvest
VC Fund
23 Belgium, France, Spain Seed, Series A, Series B Biotechnology, Health Care, Medical $544k–$49M
LeanSquare
VC Fund
23 Belgium, France, United States Seed, Venture - Series Unknown, Series A Software, Music, Information Technology $257k–$19M
V-Bio Ventures
VC Fund
19 Belgium, France, United States Series A, Series B, Seed Biotechnology, Health Care, Therapeutics $3.1M–$88M
Gimv
VC Fund
18 Belgium, United States, France Series B, Series A, Private Equity Biotechnology, Health Care, Medical $3.3M–$82M
KBC
VC Fund
18 Belgium, United States, The Netherlands Seed, Series A, Pre-Seed Biotechnology, Health Care, Software $425k–$65M
VIB
VC Fund
18 Belgium, Brazil, Denmark Series A, Seed, Series B Biotechnology, Health Care, Therapeutics $3.1M–$84M
The Faktory Fund
VC Fund
17 Belgium, France, United States Seed, Venture - Series Unknown, Pre-Seed Software, Analytics, Information Technology $700k–$22M
Finance.Brussels
VC Fund
17 Belgium, France Seed, Series A, Venture - Series Unknown Software, Information Technology, SaaS $1.5M–$16M
imec.xpand
VC Fund
17 Belgium, United States, Germany Seed, Series A, Series B Semiconductor, Manufacturing, Medical Device $3.3M–$100M
Be Angels
VC Fund
16 Belgium, France, Luxembourg Seed, Pre-Seed, Venture - Series Unknown SaaS, Software, Information Technology $78k–$1.5M
Innovation Fund
VC Fund
16 Belgium, France, Luxembourg Seed, Venture - Series Unknown, Series A Health Care, Manufacturing, Chemical $318k–$8.8M
SFPIM
VC Fund
15 Belgium, France, Switzerland Series A, Venture - Series Unknown Biotechnology, Health Care, Semiconductor $8.6M–$251M
Angelwise
VC Fund
15 Belgium, The Netherlands Seed, Pre-Seed Software, SaaS, Information Technology $873k–$2.9M
Ark Angels Activator Fund
VC Fund
14 Belgium Venture - Series Unknown, Series A, Seed Software, Information Technology, SaaS $937k–$7.8M
Belfius Bank
VC Fund
14 Belgium, France, The Netherlands Debt Financing, Venture - Series Unknown, Seed Software, Artificial Intelligence, SaaS $291k–$382M
Vives Louvain Technology Fund
VC Fund
14 Belgium, France, United States Series A, Series B, Seed Health Care, Biotechnology, Medical $156k–$125M
Saffelberg Investments
VC Fund
13 Belgium, Australia, United States Series A, Private Equity, Seed Information Technology, Software, SaaS $1.2M–$40M
Peak
VC Fund
11 The Netherlands, Germany, Sweden Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $570k–$17M
WE International
VC Fund
11 Belgium, United States, France Seed, Series A, Venture - Series Unknown Health Care, Energy, Biotechnology $2.2M–$251M
Theodorus III
VC Fund
11 Belgium, Canada, France Series A, Seed, Venture - Series Unknown Health Care, Biotechnology, Software $67k–$41M
Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund
11 Belgium, Israel, Germany Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $160k–$3.2M
Newion
VC Fund
11 The Netherlands, Belgium, Germany Series A, Seed, Series B Software, SaaS, Information Technology $1.1M–$66M
Entourage
VC Fund
10 Belgium, Italy, United States Pre-Seed, Seed, Series A Information Technology, Software, Artificial Intelligence $1.7M–$19M
XAnge
VC Fund
10 France, Germany, United States Series A, Seed, Series B Software, E-Commerce, SaaS $1.1M–$75M
Newton Biocapital
VC Fund
9 Belgium, Japan, France Series A, Venture - Series Unknown, Seed Biotechnology, Medical, Pharmaceutical $1.3M–$84M
Agri Investment Fund
VC Fund
9 Belgium, United Kingdom, Switzerland Seed, Series B, Series A Biotechnology, Agriculture, AgTech $2.9M–$24M
The CoFoundry
VC Fund
9 Belgium, The Netherlands, United States Seed, Series A, Venture - Series Unknown Software, SaaS, Security $912k–$4.3M
KBC Focus Fund
VC Fund
8 Belgium, The Netherlands, France Seed, Series A, Venture - Series Unknown Semiconductor, Manufacturing, Electronics $1.2M–$22M
Agentschap Innoveren & Ondernemen
VC Fund
8 Belgium, Italy, Israel Grant, Pre-Seed, Seed Biotechnology, Health Care, Software $106k–$3.2M
BNP Paribas Fortis
VC Fund
8 Belgium, United States, France Debt Financing, Series B, Series A Biotechnology, Software, Manufacturing $363k–$1000M
TCD Capital
VC Fund
8 Belgium, France Series A, Series B, Venture - Series Unknown Biotechnology, Health Care, Medical Device $2.1M–$19M
Vesalius Biocapital Partners
VC Fund
8 Belgium, Germany, The Netherlands Series A, Series B, Series C Biotechnology, Health Care, Medical $3.9M–$100M
Lean FUND
VC Fund
8 Belgium, United States, France Seed, Series B Internet, Apps, Software $70k–$470k
Finindus
VC Fund
8 Belgium, United States, Sweden Series A, Venture - Series Unknown, Seed Manufacturing, Industrial, Renewable Energy $1.3M–$27M
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 115 investments in Belgium startups, 9 in the past 12 months

Do and dare company

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 161
  • Round size: Seed $1M–$4.1M; Series A $3M–$40M; Series B $6.6M–$43M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Logibot — Logibot is a European, software-first, hardware-agnostic AI platform that enables logistics and industrial operators to simulate, deploy, and operate human-like robotic labor inside existing intralogistics facilities, without vendor lock-in and without rebuilding the warehouse. Most warehouse automation projects fail because they assume greenfield sites or commit operators to one robot vendor. Logibot takes a different approach. Operators start with Logibot.Data to quantify manual work and score automation feasibility. Logibot.Simulate runs split tests on multiple robot configurations in digital simulation, before any hardware decision is made. Logibot.Train prepares a general vision-language model for specific logistics tasks in five stages. Logibot.Control stages the introduction of robotic labor into live operations. Logibot.Watch provides real-time monitoring, teleoperation, and continuous improvement. Logibot serves 3PLs, CEP operators, postal operators, and industrial logistics teams. Headquartered in Belgium, operating across the EU. NVIDIA Inception member. Beam Berlin portfolio company.
  • Borro — Cashless deposit system
  • SpectaCell — SpectaCell is a Belgian life sciences and biotechnology company that develops next-generation cell therapy analytics.Spun out of a collaborative research effort between imec, VIB, and Ghent University (UGent),
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Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 61 investments in Belgium startups

Oxygen for growth - LRM

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Investment focus

  • Industry: Information Technology, Software, Biotechnology
  • Stage:Seed, Venture - Series Unknown
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 98
  • Round size: Seed $658k–$5.2M; Venture - Series Unknown $1.4M–$11M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Monsana — Monsana's AI-powered platform empowers both patients and healthcare professionals in their search for the perfect clinical trial. Each eligibility criterion is validated based on your unstructured textual medical records, allowing highly accurate matching with experimental treatments.
  • 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.
  • Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
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Qbic Fund
VC Fund · Belgium, Wisconsin, United States · 46 investments in Belgium startups

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. Our investment 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.

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Investment focus

  • Industry: Biotechnology, Software, Health Care
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, France, The Netherlands

Investor stats

  • Total investments: 62
  • Round size: Seed $1.4M–$7.4M; Series A $1.6M–$34M; Venture - Series Unknown $680k–$8.5M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely still investing — raised $54M in 2022

Portfolio highlights

  • Firecell — Firecell is a Telecommunications Industry.
  • Eyeo — eyeo revolutionizes imaging with color splitter sensors. Capture sharper, brighter images in low light using optical waveguide innovation, discover how it works
  • Sightera Biosciences — Patient-derived organoids of treatment-resistant disease, robotic screening at scale and AI-guided molecular design in one closed loop.
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Pitchdrive
VC Fund · Antwerp, Antwerpen, Belgium · 44 investments in Belgium startups

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

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Investment focus

  • Industry: Software, SaaS, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Belgium, United Kingdom, United States

Investor stats

  • Total investments: 96
  • Round size: Seed $1M–$5.3M; Pre-Seed $110k–$2.5M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely actively investing — fresh fund, raised $69M in 2026

Portfolio highlights

  • Lette AI — Lette is a property management and leasing automation platform for property operators in Europe, using AI to run enquiries, resident support and maintenance.
  • Ravical — Ravical equips professional services firms with AI agents that collaborate and scale, unlocking practical value today and future growth tomorrow.
  • Donna — Meet Donna, the AI assistant built for field sales teams. Save time, cut admin, and close more deals with less effort.
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Meusinvest (Noshaq)
VC Fund · Liège, Liege, Belgium · 44 investments in Belgium startups

Noshaq offers financial services to help businesses develop.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Belgium, France, Germany

Investor stats

  • Total investments: 82
  • Round size: Seed $159k–$6M; Series A $3.6M–$16M; Venture - Series Unknown $946k–$16M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Le Fourgon — Le Fourgon provides contained drinks for home delivery. They offer milk, water, beer, wine, fruit juice, and sodas. They allow customers to have their drinks delivered free of charge during the day.
  • Allegro Biotech — Allegro has developed the world’s-first custom-tailored, durable, biocompatible, anisotropic, regenerative meniscus cartilage, providing immediate support while also leverage the body’s own healing potential to regenerate human cartilage (proliferation and differentiation of fibrochondrocyte cells).
  • Amyl Therapeutics — Amyl Therapeutics is a preclinical stage biotechnology company. Amyl Therapeutics uses a novel mechanism to bind to the amyloid fold of toxic protein aggregates of various types, including antibody light chain (AL) or transthyretin (TTR) aggregates, which accumulate in peripheral organs to cause systemic amyloidosis diseases, but also amyloid-β(Aβ), Tau, and α-synuclein aggregates, which accumulate in the brain to cause Alzheimer's and Parkinson's diseases.
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Volta Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 43 investments in Belgium startups

Volta Ventures backs ambitious B2B software founders in the Benelux with early-stage capital, strategic guidance and long-term support.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 92
  • Round size: Seed $850k–$5.2M; Pre-Seed $1M–$1.3M; Series A $2.2M–$8.8M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: Likely actively investing — fresh fund, raised $22M in 2025

Portfolio highlights

  • Kyvvu — Kyvvu is an Agent Security Kernel (ASK): an in-process security layer that checks every action an AI agent takes — against the full path of the task so far — and allows, warns, or blocks it before it runs, deterministically, in under a millisecond, without your data ever leaving your environment.
  • Ringtime — Make more placements with the same team. The AI screening agent that reaches frontline candidates via WhatsApp and phone, in 22+ languages.
  • Quadric — quadric.io is a Burlingame, CA-based processor technology company. The q16 Processor is the most comprehensive AI processor that handles any AI and high-performance edge workload.
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Spreds
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 42 investments in Belgium startups

We empower high-potential entrepreneurship and democratize venture capital. Discover promising start-ups & SMEs and invest alongside business angels.

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Investment focus

  • Industry: Information Technology, Food and Beverage, E-Commerce
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, France

Investor stats

  • Total investments: 51
  • Round size: Seed $97k–$627k; Series A $135k–$2.3M; Series B $165k–$910k
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Jelloow — Jelloow your virtual marketing navigator. Matching brands with likeminded marketing agencies.
  • PlayTreks — Supercharge your music business with PlayTreks, the all-in-one workspace for music professionals. Built for indie artists, artist managers and label teams.
  • 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.
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S.R.I.W.
VC Fund · Liège, Liege, Belgium · 37 investments in Belgium startups

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 Société Régionale d’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.

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Investment focus

  • Industry: Health Care, Biotechnology, Manufacturing
  • Stage:Venture - Series Unknown, Series A
  • Geography: Belgium, United States, Spain

Investor stats

  • Total investments: 111
  • Round size: Series A $422k–$32M; Venture - Series Unknown $3.5M–$51M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • Univercells — Mix parlay, atau lebih dikenal sebagai parlay bola atau hanya parlay, merupakan taruhan judi bola online yang menggabungkan minimal 2 hingga 10 tim pertandingan sepak bola menjadi 1 tiket taruhan.
  • Intressa Vascular — Intressa Vascular provides innovative solutions to address life-threatening cardiovascular conditions such as aortic dissection.
  • Santero Therapeutics — This is the homepage of the website
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WING by Digital Wallonia
VC Fund · Liège, Liege, Belgium · 32 investments in Belgium startups

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).

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Investment focus

  • Industry: Software, Health Care, SaaS
  • Stage:Seed, Convertible Note, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 37
  • Round size: Seed $377k–$1.9M; Series A $1.1M–$12M; Convertible Note $61k–$570k
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • IONNYK — Discover IONNYK, the ePaper Digital Art Frame for art and personal photography, combining Electronic Paper (E Ink), patented technology and elegant home design.
  • 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.
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Gemma Frisius Fund
VC Fund · Leuven, Vlaams-Brabant, Belgium · 31 investments in Belgium startups

Gemma Frisius Fund KU Leuven is a seed capital fund that aims to stimulate the creation and growth of university related spin-off companies.

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Investment focus

  • Industry: Biotechnology, Medical, Software
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 41
  • Round size: Seed $500k–$4.7M; Series A $1.1M–$84M; Series B $4.7M–$24M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Runeasi — The first scientifically validated wearable solution to measure impact while running and detect how your body responds to it - Perform real-time biomechanical assessments - Guide your athletes and patients with actionable insights to help them run more efficiently and recover from injuries with confidence
  • Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
  • Aspect Analytics — Aspect Analytics offers consultancy services, home-grown software, development of workflows, and customization of software.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 29 investments in Belgium startups, 9 in the past 12 months

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 potential and 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.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, Luxembourg, France

Investor stats

  • Total investments: 39
  • Round size: Seed $390k–$3.4M; Pre-Seed $212k–$2.4M; Series A $3.5M–$12M
  • Lead/follow: 23% lead, 77% follow

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.
  • Kando — Voice & Visual assistant and software for caregiver
  • NOX Energy — Connect your heat pump and solar panels in a few clicks and save on energy. NOX also helps utilities and manufacturers steer assets on the energy markets.
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Inventures SA
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 28 investments in Belgium startups

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.

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Investment focus

  • Industry: Health Care, Software, Biotechnology
  • Stage:Series A, Seed, Series B
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 54
  • Round size: Seed $67k–$2.1M; Series A $339k–$14M; Series B $165k–$21M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

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 — Optimize energy use with Octave's battery storage (BESS) and energy management system (EMS). Reduce costs, increase flexibility.
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Capricorn Partners
VC Fund · Leuven, Vlaams-Brabant, Belgium · 28 investments in Belgium startups

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

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Series A, Series B
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 124
  • Round size: Series A $3.3M–$18M; Series B $5.3M–$45M
  • Lead/follow: 31% lead, 69% follow
  • Last fund: Likely actively investing — fresh fund, raised $53M in 2025

Portfolio highlights

  • HighLife — HighLife is driven by a mission to deliver innovative treatment options to patients suffering from heart valve diseases.
  • DMC Biotechnologies — Transforming How the World Makes Chemicals
  • Delft Advanced Biorenewables — We enable the bio-economy by improving the productivity of fermentations with our in-situ product recovery (ISPR) technology.
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SmartFin
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 26 investments in Belgium startups

Venture capital fund focussing on European B2B technology companies.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Series B, Seed
  • Geography: Belgium, The Netherlands, Turkey

Investor stats

  • Total investments: 66
  • Round size: Seed $549k–$6.7M; Series A $5M–$13M; Series B $3M–$35M
  • Lead/follow: 45% lead, 55% follow
  • Last fund: Likely actively investing — fresh fund, raised $257M in 2025

Portfolio highlights

  • Auditstage — The first AI-powered workspace for financial auditors. Automate manual workflows, draft working papers, and scale your firm with human-in-the-loop AI agents.
  • Marble — Marble is the first open source transaction monitoring. We automate detection and investigations with unparalleled flexibility and simplicity to allow tech teams to build on top of Marble, while removing manual compliance checks. Built for real-time and scalability, Marble protects against fraud and money laundering leading financial institutions in the EU, UK and over 15 geographies.
  • Hadrian — Hadrian’s digital security model focuses on automated event-based scanning. The company's approach maps vulnerabilities in an organization's entire attack surface infrastructure, and provides the critical insights to fortify them. Hadrian is developed by a team of hackers, their approach to digital security allows for continuoussecurity validation, running tests on 1000s of digital assets.Hadrian was established in 2021 by Maurice Clin and Rogier Fischer in Amsterdamnm Noord-Holland.
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Fortino Capital
VC Fund · Zaventem, Vlaams-Brabant, Belgium · 24 investments in Belgium startups, 7 in the past 12 months

We partner with exceptional B2B Software entrepreneurs across Northwestern Europe.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Belgium, The Netherlands, Germany

Investor stats

  • Total investments: 75
  • Round size: Seed $2M–$6M; Series A $4.3M–$21M; Venture - Series Unknown $2.6M–$24M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: May invest from a new fund soon — raised $105M in 2021

Portfolio highlights

  • Mkind — Mkind builds intelligent robots for high-mix manufacturing, developing advanced automation solutions that can adapt to diverse production requirements, improve operational efficiency, and support manufacturers in handling complex, low-volume, and frequently changing product lines.
  • Spott — Spott is an AI-native ATS & CRM for Staffing and Recruiting firms.
  • Operations1 — With Operations1 the B2B software company cioplenu GmbH delivers a cloud software for adaptive employee-led production processes (Adaptive Process Execution). The solution provides intuitive worker guidance and connects the organization in manufacturing companies. Customers such as Bosch, Stabilo or Trumpf benefit with Operations1 from increasedproductivity, enhanced quality and higher machine availability. At its core, the modular solution uses digital documents such as work instructions and checklists for process guidance and is used in a wide range of application areas such as maintenance, quality inspection, HSSE, audits and in manufacturing and assembly processes. Around the document core, planning, analysis, and incident management functionalities complete the offering to holistically accompany operational employees in their daily work.The clipboard becomes a tablet, complexity becomes simplicity, blindspot becomes transparency.
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Syndicate One
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 24 investments in Belgium startups, 11 in the past 12 months

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

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Investment focus

  • Industry: Artificial Intelligence, Software, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, United Kingdom, United States

Investor stats

  • Total investments: 34
  • Round size: Seed $1.5M–$13M; Pre-Seed $1M–$2.5M; Series A $11M–$20M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — raised $4.8M in 2024

Portfolio highlights

  • Warren — Enabling wealth, Boosting welfare
  • Falcon AI — Falcon AI is a AI law firm specialized in commercial contracting, built for fast-growing companies
  • Polysense — Increase yield, reduce waste, and optimize food production with Polysense's AI-powered inline quality control. Real-time data for potatoes, bakery & more.
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Sambrinvest
VC Fund · Gosselies, Hainaut, Belgium · 23 investments in Belgium startups

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

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, France, Spain

Investor stats

  • Total investments: 41
  • Round size: Seed $544k–$24M; Series A $1M–$49M; Series B $4.4M–$45M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Brenus Pharma — Brenus Pharma develops off-the-shelf, next-generation in vivo immunotherapies designed to unlock the immune response against solid tumors.
  • Vertical Compute — Vertical Compute offers chiplet-based technology that cuts data movement to achieve up to 80% energy savings.
  • Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
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LeanSquare
VC Fund · Liège, Liege, Belgium · 23 investments in Belgium startups

New Economy Startups Investor & Accelerator

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Investment focus

  • Industry: Software, Music, Information Technology
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 48
  • Round size: Seed $376k–$2.4M; Series A $257k–$12M; Venture - Series Unknown $830k–$19M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • neuroClues — An easy-to-use eye-tracking environment to help practitioners instantaneously quantify their clinical exam
  • Gamevestor — Be more than a player. Invest in expert-selected video game projects and earn a share of their commercial revenues.
  • Tickets for Good — Tickets for Good is a ticketing platform for live events and entertainment.
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V-Bio Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 19 investments in Belgium startups

V-Bio Ventures is an independent venture capital firm specialized in building and financing young, innovative life science companies. The fund invests throughout Europe in start-up and early-stage companies with high growth potential focusing on technologies that provide transformational improvements in the biotech, pharmaceutical and agriculturalsectors.

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Series B, Seed
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $3.1M–$50M; Series A $6.9M–$70M; Series B $12M–$88M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — raised $131M in 2021

Portfolio highlights

  • Animab — Animal Health Company
  • RootWave — RootWave is an electronics company that develops tools that kill weeds it enables farmers to control weeds on their farm. Its technology is an alternative substitute for herbicides and other weed control chemicals. The company was founded in 2012 and headquartered in Warwickshire, United Kingdom.
  • Step Pharma — Step Pharma is a spin-off of Imagine Institute stemming from Pr. Alain Fischer’s research on genetic immunodeficiencies. Step Pharma is a joint venture between Imagine, a research and innovative healthcare institute, Sygnature Discovery, a leading provider of integrated drug discovery resource and expertise, and Kurma Partners, a major player inthe funding of healthcare and biotechnology in Europe.
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Gimv
VC Fund · Antwerpen, Antwerpen, Belgium · 18 investments in Belgium startups

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

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series B, Series A, Private Equity
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 171
  • Round size: Series A $3.3M–$79M; Series B $10M–$73M; Private Equity $8.7M–$82M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: May invest from a new fund soon — raised $838M in 2010

Portfolio highlights

  • spineart — Spineart is a privately held medical device company focused on simplifying the surgical act by designing, developing and promoting safe and efficient solutions to spine surgeons, operating room teams, and patients.
  • ActoGeniX — ActoGeniX is a biopharmaceutical company focused on the development and commercialization of a range of biological drugs. ActoGeniX was founded by Bernard Coulie and Mark Vaeck in 2006 and is based in Zwijnaarde, Belgium.
  • Biotalys — Biotalys is an Agricultural Technology (AgTech) company that employs its proprietary Agrobody technology platform to develop crop and food protection products. The company develops a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Biotalys' unique protein-based biocontrols combinethe high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.It was incorporated in 2013 and is based in the Biotech hub in Ghent, Belgium.
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KBC
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 18 investments in Belgium startups

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 400 million. 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.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 37
  • Round size: Seed $529k–$8M; Pre-Seed $425k–$1.9M; Series A $3M–$65M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Qivalis — Qivalis is a financial technology company designed for payments, settlements, and financial services.
  • Octave — Optimize energy use with Octave's battery storage (BESS) and energy management system (EMS). Reduce costs, increase flexibility.
  • Ion Beam Applications — Ion Beam Applications is a Belgium-based company that develops and markets technologies, pharmaceutical products and tailored solutions for the healthcare sector, with emphasis on cancer diagnosis and therapy. IBA is also active in the sterilization and ionization field. The Company operates through two business segments, namely the pharmaceuticalssegment, which includes radiopharmaceuticals and the equipments segment, which encompasses proton therapy, particle accelerators and dosimetry.
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VIB
VC Fund · Gent, Oost-Vlaanderen, Belgium · 18 investments in Belgium startups

Strategic research in on life sciences and biotechnology

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Investment focus

  • Industry: Biotechnology, Health Care, Therapeutics
  • Stage:Series A, Seed, Series B
  • Geography: Belgium, Brazil, Denmark

Investor stats

  • Total investments: 29
  • Round size: Seed $3.1M–$11M; Series A $6.8M–$84M; Series B $4.7M–$65M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Biotalys — Biotalys is an Agricultural Technology (AgTech) company that employs its proprietary Agrobody technology platform to develop crop and food protection products. The company develops a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Biotalys' unique protein-based biocontrols combinethe high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.It was incorporated in 2013 and is based in the Biotech hub in Ghent, Belgium.
  • SpectaCell — SpectaCell is a Belgian life sciences and biotechnology company that develops next-generation cell therapy analytics.Spun out of a collaborative research effort between imec, VIB, and Ghent University (UGent),
  • Rainbow Crops — Rainbow Crops is a next-generation Agtech company developing climate-resilient, high-performing crop varieties.
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The Faktory Fund
VC Fund · Liège, Liege, Belgium · 17 investments in Belgium startups

The Faktory is a hub for business ideas based on any disruptive technology with a high potential in international niche markets: ICT, Health, Environment, Media, Broadcast and more.

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Investment focus

  • Industry: Software, Analytics, Information Technology
  • Stage:Seed, Venture - Series Unknown, Pre-Seed
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 24
  • Round size: Seed $700k–$4.2M; Venture - Series Unknown $2.1M–$22M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • IVEX — IVEX offers repeatable and scalable testing and validation data analytics solutions for ADAS/AD vehicles.
  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • xyzt.ai — xyzt.ai is a SaaS platform for ANALYTICS, REPORTING and VISUALIZATION of big location data in the Maritime & Ports, Smart City and Logistics industries. EASY & EFFORTLESS
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Finance.Brussels
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 17 investments in Belgium startups

Regional Investment Company of Brussels

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, France

Investor stats

  • Total investments: 26
  • Round size: Seed $1.5M–$5.4M; Series A $2.3M–$7M; Venture - Series Unknown $4.2M–$16M
  • Lead/follow: 19% lead, 81% follow

Portfolio highlights

  • AI-Blox — A modular & flexible hardware and software platform for edge AI applications.
  • 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.
  • AILOS Robotics — AILOS Robotics offers advanced solutions in robotics and automation for various industries.
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imec.xpand
VC Fund · Leuven, Vlaams-Brabant, Belgium · 17 investments in Belgium startups, 8 in the past 12 months

Expanding nanotechnology into business.

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Investment focus

  • Industry: Semiconductor, Manufacturing, Medical Device
  • Stage:Seed, Series A, Series B
  • Geography: Belgium, United States, Germany

Investor stats

  • Total investments: 56
  • Round size: Seed $3.3M–$21M; Series A $9.1M–$72M; Series B $12M–$100M
  • Lead/follow: 48% lead, 52% follow
  • Last fund: Likely still investing — raised $322M in 2024

Portfolio highlights

  • SpectaCell — SpectaCell is a Belgian life sciences and biotechnology company that develops next-generation cell therapy analytics.Spun out of a collaborative research effort between imec, VIB, and Ghent University (UGent),
  • Euclyd — Euclyd develops AI infrastructure designed to make advanced AI computing more efficient and scalable. Its platform combines programmable ASIC compute, processor-memory co-design, and system-level optimization to address power, memory, and infrastructure constraints. Its products include craftwerk, an agentic AI silicon platform, and CWS 32, an AIcomputing system focused on low-power exascale performance. Euclyd also develops silicon architecture, systems, firmware, compilers, and runtime software for AI infrastructure.
  • NEURA Robotics — Cognitive Robotics for Real-World Applications: NEURA Robotics enables safe and smart robot integration for Industry, Work and Everyday Life
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Be Angels
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 16 investments in Belgium startups

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.

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Investment focus

  • Industry: SaaS, Software, Information Technology
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Belgium, France, Luxembourg

Investor stats

  • Total investments: 25
  • Round size: Seed $251k–$1.5M; Pre-Seed $78k–$571k
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • ChainComply — ChainComply provides enhanced KYT due diligence solutions for banks and VASPs and relieves them from stressing over incoming transfers from crypto exchanges. 
ChainComply develops a SaaS tool that scans the client's crypto exchange and blockchain transaction history to reveal the source of funds of crypto holders. The company solutionsimplifies complex transaction streams, and then it identifies high-risk transactions and patterns, enabling AML teams to understand their clients better and meet regulatory obligations efficiently.
  • Visiblie — Visiblie is the AI visibility company. We get your brand recommended in ChatGPT, Gemini, Perplexity, and Claude answers, then prove the lift on your own data.
  • TalentGuide — Unlock workforce potential with Talentguide's skills intelligence platform, transforming ambition into measurable ability through actionable insights and personalized development paths.
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Innovation Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 16 investments in Belgium startups

Chemical, Advanced Materials, Cosmetics, Recycling, CleanTech, Plastics and Rubber Manufacturing, Nanotechnology, Biosciences

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Investment focus

  • Industry: Health Care, Manufacturing, Chemical
  • Stage:Seed, Venture - Series Unknown, Series A
  • Geography: Belgium, France, Luxembourg

Investor stats

  • Total investments: 31
  • Round size: Seed $318k–$6M; Series A $2.3M–$5M; Venture - Series Unknown $680k–$8.8M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • Fyteko — For a more sustainable agriculture
  • Graftys — Graftys, an Aix-en-Provence, France-based early stage company focused on advanced bone biologics.
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SFPIM
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 15 investments in Belgium startups, 6 in the past 12 months

SFPIM investment firm that invests in technology and infrastructure.

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Investment focus

  • Industry: Biotechnology, Health Care, Semiconductor
  • Stage:Series A, Venture - Series Unknown
  • Geography: Belgium, France, Switzerland

Investor stats

  • Total investments: 26
  • Round size: Series A $8.6M–$57M; Venture - Series Unknown $11M–$251M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • D-CRBN — D-CRBN recycles CO2 for industrials through our patented CCU plasma technology. We use plasma to convert CO2 emissions to useful chemical building blocks. Our plasma process splits CO2 molecules into their original building blocks to make e-fuels, chemicals, or polymers to ultimately achieve a circular and more sustainable economy. Battling global warming will be the toughest environmental challenge that our society has ever faced. We have set our objectives to help reduce CO2 emissions, reaching a carbon-neutral society by 2050. Launch your CO2 recycling initiative at your plant, go net-zero and join us to Sparc* the new industrial revolution.
  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • Biotalys — Biotalys is an Agricultural Technology (AgTech) company that employs its proprietary Agrobody technology platform to develop crop and food protection products. The company develops a new generation of protein-based biocontrol solutions, shaping the future of sustainable and safe food supply. Biotalys' unique protein-based biocontrols combinethe high-performance characteristics of chemicals with the clean safety profile of biologicals, making them ideal crop protection agents for both pre- and post-harvest applications.It was incorporated in 2013 and is based in the Biotech hub in Ghent, Belgium.
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Angelwise
VC Fund · Hasselt, Limburg, Belgium · 15 investments in Belgium startups

Angelwise Vlaams Investeringsfonds

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Belgium, The Netherlands

Investor stats

  • Total investments: 17
  • Round size: Seed $873k–$2.9M
  • Lead/follow: 47% lead, 53% follow
  • Last fund: Likely still investing — raised $23M in 2022

Portfolio highlights

  • Adomate — Adomate helps performance teams turn customer signals, competitor insights, and brand data into on-brand ad concepts with AI workflows they build and control.
  • Azumuta — Azumuta helps manufacturers raise shopfloor performance by digitizing and standardizing how work gets done. Across every shift, line, and site.
  • Powerhouse — Powerhouse is your all-in-one solution for turning complex property operations into streamlined, automated workflows. Built on Salesforce for seamless integrations and powerful insights.
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Ark Angels Activator Fund
VC Fund · Hasselt, Limburg, Belgium · 14 investments in Belgium startups

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,

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Venture - Series Unknown, Series A, Seed
  • Geography: Belgium

Investor stats

  • Total investments: 20
  • Round size: Seed $937k–$1.6M; Series A $1.3M–$4.9M; Venture - Series Unknown $1.6M–$7.8M
  • Lead/follow: 10% lead, 90% follow

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.
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Belfius Bank
VC Fund · Saint-josse-ten-noode, Brussels Hoofdstedelijk Gewest, Belgium · 14 investments in Belgium startups, 8 in the past 12 months

Ontdek een bank-verzekeraar dicht bij u: rekeningen, kaarten, kredieten, sparen en verzekeringen. Beheer alles online of in kantoor, volgens uw behoeften.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Debt Financing, Venture - Series Unknown, Seed
  • Geography: Belgium, France, The Netherlands

Investor stats

  • Total investments: 30
  • Round size: Seed $291k–$1.9M; Debt Financing $1.1M–$382M; Venture - Series Unknown $1.1M–$116M
  • Lead/follow: 30% lead, 70% follow

Portfolio highlights

  • Lizy — Goedkoper tweedehands leasen. LIZY is uw referentieplatform voor onmiddellijk beschikbare autoleasing. | Lize Leasing
  • Mistral AI — Take control of the future with a complete AI solution from platform to interface, with open, customizable models that can be deployed anywhere.
  • GIGA Storage — Grootschalige energieopslag is de ontbrekende schakel in de energie transitie. Als de wind niet waait en de zon niet schijnt levert GIGA Storage duurzame
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Vives Louvain Technology Fund
VC Fund · Louvain-la-neuve, Vlaams-Brabant, Belgium · 14 investments in Belgium startups

Vives Louvain Technology Fund is an interregional seed and early-stage technology multi-sector fund. The new fund, initiated by UCLouvain, is a unique European inter-university fund that has access to world-class innovations from leading EU top universities.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Series A, Series B, Seed
  • Geography: Belgium, France, United States

Investor stats

  • Total investments: 27
  • Round size: Seed $1.6M–$7.3M; Series A $156k–$49M; Series B $4.7M–$125M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: May invest from a new fund soon — raised $38M in 2020

Portfolio highlights

  • BOTALYS — BOTALYS uses an innovative Biomimetic Indoor Farming technology to recreate the ideal wild conditions for rare botanicals to grow in. We develop pristine & potent botanical ingredients for the Nutraceutical and Cosmetic industries.
  • Sunrise — Sunrise aims to bring simple answers to millions of people suffering from sleep disorders.We have developed a 3-gram sensor to diagnose sleep with gold standard quality. The technology offers a revolutionary new way to measure brain commands at night, with published clinical results never seen before. Studies demonstrate Sunrise is as accurate asin-lab sleep studies, at a fraction of the cost.Affecting one in three people, sleep disorders are extremely common. Sleep apnea is the most prevalent disease with almost 1 billion persons concerned. This condition leads to great body damage over time and yet remains undiagnosed in 80% of the cases.Patients, caregiver and insurers stand to benefit greatly from a solution to current highly cumbersome, expensive and time-consuming diagnostics systems.
  • Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
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Saffelberg Investments
VC Fund · Gooik, Vlaams-Brabant, Belgium · 13 investments in Belgium startups

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.

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Investment focus

  • Industry: Information Technology, Software, SaaS
  • Stage:Series A, Private Equity, Seed
  • Geography: Belgium, Australia, United States

Investor stats

  • Total investments: 22
  • Round size: Seed $1.5M–$2.4M; Series A $2.3M–$5.7M; Private Equity $1.2M–$40M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Deminor Litigation Funding — Leading Litigation Funder | European Litigation Funders Association and Association of Litigation Funders member. Contact Deminor for more information.
  • Iristick — Iristick smart glasses are the most balanced and lightweight on the market. A phone-tethered, comfortable hands-free solution for the deskless workforce.
  • 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.
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Peak
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 11 investments in Belgium startups

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

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Germany, Sweden

Investor stats

  • Total investments: 121
  • Round size: Seed $570k–$5M; Pre-Seed $781k–$2.5M; Series A $6.5M–$17M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $158M in 2022

Portfolio highlights

  • DREM — Simplifying distributed energy saving solutions
  • Lette AI — Lette is a property management and leasing automation platform for property operators in Europe, using AI to run enquiries, resident support and maintenance.
  • VoiceLine — VoiceLine is the AI platform for your enterprise field sales: prepare visits, capture by voice and spot market signals in real time. EU-hosted.
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WE International
VC Fund · Liège, Liege, Belgium · 11 investments in Belgium startups, 8 in the past 12 months

WE International is a financial firm that provides an array of loans, funding, acquisition, and investment services.

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Investment focus

  • Industry: Health Care, Energy, Biotechnology
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 25
  • Round size: Seed $2.2M–$43M; Series A $10M–$57M; Venture - Series Unknown $16M–$251M
  • Lead/follow: 24% lead, 76% follow

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.
  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • Novadip Biosciences — Novadip Biosciences, an advanced biopharmaceutical company focused on new generation of therapies from adipose stem cells adapted to hard and soft tissues reconstruction.
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Theodorus III
VC Fund · Montréal, Quebec, Canada · 11 investments in Belgium startups

Theodorus is the spin-off fund of Université Libre de Bruxelles that invests ininvest in early stage projects based on proprietary disruptive technologies.

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Investment focus

  • Industry: Health Care, Biotechnology, Software
  • Stage:Series A, Seed, Venture - Series Unknown
  • Geography: Belgium, Canada, France

Investor stats

  • Total investments: 22
  • Round size: Seed $67k–$18M; Series A $1.3M–$41M; Venture - Series Unknown $680k–$20M
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Icentia — Icentia provides a range of innovative medical tests for healthcare institutions. They are able to offer valuable solutions for major problems in the field of medical testing.
  • Simmunome AI — We use AI to create accurate, comprehensive disease models using multi-omic data to determine the probability of success of a drug. Our clinical trial simulations allow you to gain insights, make go/no-go decisions, and de-risk your pipeline, getting you to market faster and reducing your R&D co
  • Ability biologics — Ability develops innovative, targeted, immune modulating biotherapeutics to address unmet medical needs in patients with cancer and autoimmune diseases.
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Flanders Innovation and Entrepreneurship (VLAIO)
VC Fund · Brussel, Brussels Hoofdstedelijk Gewest, Belgium · 11 investments in Belgium startups

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

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Belgium, Israel, Germany

Investor stats

  • Total investments: 36
  • Round size: Seed $517k–$1.9M; Grant $285k–$3.2M; Pre-Seed $160k–$2.2M
  • Lead/follow: 67% lead, 33% follow

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.
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Newion
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 11 investments in Belgium startups, 7 in the past 12 months

Experienced over decades, focused on the next ones. Close to our founders, not above them. Serious about building companies. Human in how we invest.

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: The Netherlands, Belgium, Germany

Investor stats

  • Total investments: 87
  • Round size: Seed $1.2M–$6.5M; Series A $1.1M–$10M; Series B $5.4M–$66M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $129M in 2022

Portfolio highlights

  • Nopan — We help large merchants, fintechs, and PSPs turn account and wallet payment methods into measurable revenue drivers.
  • Lightbringer — Experience the future of patent services with Lightbringer. Our AI-driven platform accelerates your patent process, ensuring efficiency and expertise from world-class patent attorneys.
  • BirdsView — BirdsView is to 'assist small e-commerce firms in transforming their own consumer data into effective, tailored marketing tactics and turning one-time purchases into devoted patrons.
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Entourage
VC Fund · Belgium, Wisconsin, United States · 10 investments in Belgium startups, 11 in the past 12 months

Entourage is a venture Studio and early stage VC that invests in early-stage B2B and SaaS sectors.

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Investment focus

  • Industry: Information Technology, Software, Artificial Intelligence
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Belgium, Italy, United States

Investor stats

  • Total investments: 21
  • Round size: Seed $2.2M–$11M; Pre-Seed $1.7M–$3.5M; Series A $7.5M–$19M
  • Lead/follow: 43% lead, 57% follow
  • Last fund: Likely still investing — raised $33M in 2024

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.
  • JustSolve — JustSolve is an agentic debt collection team that allows organizations to recover more, spending less.
  • Sightera Biosciences — Patient-derived organoids of treatment-resistant disease, robotic screening at scale and AI-guided molecular design in one closed loop.
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XAnge
VC Fund · Paris, Ile-de-France, France · 10 investments in Belgium startups

XAnge is a BCorp-certified early-stage investment fund managing €700 million, with offices in Paris, Berlin, and Brussels. The fund backs European founders who aim to transform daily life through technology, investing between €500,000 and €10 million from the seed stage onwards. XAnge’s investment focus spans deeptech, health, fintech, SaaS, and e-commerce, with a portfolio including Lydia, Welcome to the Jungle, Believe, MrSpex, and Ledger. XAnge is the innovation-driven venture capital brand of the Siparex Group.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: France, Germany, United States

Investor stats

  • Total investments: 253
  • Round size: Seed $1.1M–$8M; Series A $3M–$22M; Series B $6M–$75M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: May invest from a new fund soon — raised $261M in 2021

Portfolio highlights

  • ELDIM — Eldim proposes photometric and calorimetric products of instrumentation allowing to qualify the ergonomic parameters and the quality of the image of the flat screens. Its customers (manufacturers of components or sreen-Sharp, Sony, Samsung, -or integrators-IBM, Apple, Valeo, Honeywell, Nokia, Motorola-) are mainly foreigns.
  • Skello — Skello is the The AI HR solution for frontline teams. HR tools were designed for offices, yet 55% of the workforce works on their feet and deserves technology designed for the field. Our mission is to improve their daily lives. For managers and HR directors, Skello offers seamless management from hiring to the payslip: our AI automatestime-consuming tasks so they can anticipate and supervise while maintaining full control. For teams, Skello guarantees a transparent and collaborative experience from their very first day. In July 2026, we reached a major milestone with the announcement of €200 million in funding to accelerate our development. After 10 years spent listening to our customers, this new chapter solidifies our conviction: technology must assist and facilitate work, without ever replacing humans. Our ambition is to be the go-to AI HR management solution for all frontline teams in Europe.
  • Procuros — More and more sales teams struggle with supplier portals. We help you integrate digitally with common supplier portals and consolidate all order documents.
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Newton Biocapital
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 9 investments in Belgium startups

Our mission is to mature innovation and support the growth of our portfolio companies to create value for patients, society, local ecosystems, and investors.

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Investment focus

  • Industry: Biotechnology, Medical, Pharmaceutical
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Belgium, Japan, France

Investor stats

  • Total investments: 22
  • Round size: Seed $2.9M–$3.2M; Series A $6.1M–$84M; Venture - Series Unknown $1.3M–$20M
  • Lead/follow: 68% lead, 32% follow
  • Last fund: Likely still investing — raised $57M in 2022

Portfolio highlights

  • Bioxodes — Bioxodes is a clinical-stage biopharmaceutical company dedicated to the development of novel therapeutics to prevent thrombotic events without hemorrhagic risk.
  • Tensegrity Pharma — Tensegrity Pharma is the developer of a novel drug designed to minimize bottlenecks and provide innovative value to patients.
  • Augustine Therapeutics — Augustine Therapeutics is developing selective, safe and efficacious HDAC6 inhibitors designed for treatment of neuromuscular, neurodegenerative and cardiometabolic diseases. Discover our pipeline poised for clinical impact.
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Agri Investment Fund
VC Fund · Leuven, Vlaams-Brabant, Belgium · 9 investments in Belgium startups

AgroSavfe nv, a Belgium-based agro-biotech company

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Investment focus

  • Industry: Biotechnology, Agriculture, AgTech
  • Stage:Seed, Series B, Series A
  • Geography: Belgium, United Kingdom, Switzerland

Investor stats

  • Total investments: 21
  • Round size: Seed $2.9M–$11M; Series A $8.4M–$9.3M; Series B $4.7M–$24M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Optiflux — Optiflux automatiseert het bewaarbeheer van vers fruit met slimme AI & vision-technologie. Minder verlies, meer winst voor teler & handelaar.
  • Rainbow Crops — Rainbow Crops is a next-generation Agtech company developing climate-resilient, high-performing crop varieties.
  • MoA Technology — We harness the principles of natural selection to accelerate discovery for better, safer herbicides so farmers can continue to feed the world.
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The CoFoundry
VC Fund · Antwerp, Antwerpen, Belgium · 9 investments in Belgium startups

The CoFoundry helps entrepreneurs transform their ideas into sustainable companies. Some say we cut through the funding hype and work hard to give your business a sustainable future.

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Investment focus

  • Industry: Software, SaaS, Security
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 14
  • Round size: Series A $912k–$4.3M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Aloxy — Aloxy offers reliable IIot solutions tailored to the needs of the process industry. Our valve sensor provides an open and close indication of manual valves.
  • MyCellHub — MyCellHub.com is a pre-startup from the KULeuven in the biotherapeutics industry that aspires to reform the way cell production processes are organised. With a regulatory compliant Saas-platform for data management and analytics, we increase the efficiency of your manufacturing processes, provide actionable insights via cell culture specificprocess analytics and facilitate regulatory compliance by means of a real-time audit trail and automated batch records.
  • Vaultspeed — Save your teams months of headache with a no-code approach to automate your multi-source data integration, Data Vault modeling & ETL/DDL code generation.
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KBC Focus Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 8 investments in Belgium startups

The KBC Focus Fund is a € 50 million venture capital fund that leverages the network of KBC in our investments. As we are an evergreen fund, we always strive for an exit when market conditions are favourable.

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Investment focus

  • Industry: Semiconductor, Manufacturing, Electronics
  • Stage:Seed, Series A, Venture - Series Unknown
  • Geography: Belgium, The Netherlands, France

Investor stats

  • Total investments: 27
  • Round size: Seed $1.2M–$14M; Series A $2.9M–$17M; Venture - Series Unknown $1.5M–$22M
  • Lead/follow: 26% lead, 74% follow

Portfolio highlights

  • e-peas — Discover e-peas, pioneer of the Ambient IoT concept since 2014, which offers the most efficient energy harvesting pmics on the market to make your devices more energy self-sufficient: AEMs.
  • Ubitium — Ubiquitous computing, universal RISC-V microprocessor
  • CoolSem Technologies — CoolSem Technologies, based in Eindhoven, the Netherlands, was founded in 2025. The startup develops innovative wafer-level thermal management technologies that reduce thermal resistance and minimize mechanical stress in advanced semiconductor and photonic devices. With its WaLTIS multilayer stack, CoolSem replaces conventional substrates with aspecially designed layer structure that optimizes heat flow, stability and reliability.
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Agentschap Innoveren & Ondernemen
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 8 investments in Belgium startups

Agentschap Innoveren & Ondernemen is a government agency, charged with implementing the economic, innovation and enterprise policy.

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Investment focus

  • Industry: Biotechnology, Health Care, Software
  • Stage:Grant, Pre-Seed, Seed
  • Geography: Belgium, Italy, Israel

Investor stats

  • Total investments: 50
  • Round size: Grant $233k–$3.2M; Pre-Seed $106k–$2.2M
  • Lead/follow: 80% lead, 20% follow

Portfolio highlights

  • Exalate — The only real-time bidirectional integration solution built specifically for complex cross-team collaboration cases and cross-company integration scenarios.
  • Protealis — Sustainable plant proteins for Europe​
  • Confo Therapeutics — Confo Therapeutics is a clinical-stage company committed to accelerating novel GPCR-directed medicines for metabolic & endocrine diseases.
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BNP Paribas Fortis
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 8 investments in Belgium startups

BNP Paribas Fortis is the bank for a changing world. A bank managed in all transparency, driven by values of responsibility, humanity, innovation and enthusiasm. BNP Paribas Fortis is a credit institution with headquarters at Montagne du Parc 3, 1000 Brussels. Its share capital is 9,375 billion Euros, of which 99.93% is held by BNP Paribas a credit institution with headquarters in Paris. BNP Paribas Fortis is managed by a Board of Directors, who represent the shareholders collectively. The Board of Directors determines the general policy and strategy of the bank, oversees the Executive Committees activities, appoints and dismisses Executive Committee members and oversees internal control. Within the overall framework set by the Board, the board delegates BNP Paribas Fortis banking activities to the Executive Committee. BNP Paribas Fortis is a bank that is responsible and socially committed. The environment, diversity, cultural support, sponsorship... Through various and concrete ways, they are dedicated to meeting their customers’ expectations and proud to demonstrate their values: responsible, human, innovative and enthusiastic. BNP Paribas Fortis is very ambitious in this area. They are dedicated in various ways, thanks to their private foundation - BNP Paribas Fortis Foundation – as well also through their sectoral policies, their environmental commitments, their diversity policy, their cultural support and their sponsorship policy. BNP Paribas Fortis was born from the merger of a number of strong financial companies, which since the 19th century have been essential pillars of Belgium's economic and social history. Their bank is firmly rooted in their society and has a tradition of genuine commitment through its services and support to the economy. At BNP Paribas Fortis, they offer their customers a full range of financial products and services. Every day, they help their customers, regardless of their profile, whether they are individuals, companies or public institutions. BNP Paribas Fortis, it’s expertise and tailored solutions. It’s an international network in almost 75 countries!

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Investment focus

  • Industry: Biotechnology, Software, Manufacturing
  • Stage:Debt Financing, Series B, Series A
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 32
  • Round size: Series A $2M–$16M; Series B $9M–$109M; Debt Financing $363k–$1000M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • 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.
  • Octave — Optimize energy use with Octave's battery storage (BESS) and energy management system (EMS). Reduce costs, increase flexibility.
  • Aedifica — Aedifica is a listed Belgian healthcare real estate company investing in sustainable care properties and elderly housing across Europe.
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TCD Capital
VC Fund · Uccle, Brussels Hoofdstedelijk Gewest, Belgium · 8 investments in Belgium startups

TCD Capital is a European growth investment firm headquartered in Brussels, active across Smart Living, Technology and Life Sciences.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical Device
  • Stage:Series A, Series B, Venture - Series Unknown
  • Geography: Belgium, France

Investor stats

  • Total investments: 18
  • Round size: Series A $2.1M–$7.7M; Series B $13M–$19M; Venture - Series Unknown $5.5M–$6.5M
  • Lead/follow: 33% lead, 67% follow
  • Last fund: May invest from a new fund soon — raised $49M in 2021

Portfolio highlights

  • Vaxinano — Vaxinano is a biotechnology company specialized in preclinical and pharmaceutical development of human and veterinary vaccines and drug delivery systems. Vaxinano was created in 2016, building on 25 years of research and clinical trials on vaccines and the patented technology of Pr Didier Betbeder.
  • Inpulse — Inpulse is an automated supply management platform for restaurateurs.
  • Clouds of care — Increasing your probability of success through the adoption of meaningful endpoints, starting from electrophysiology.
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Vesalius Biocapital Partners
VC Fund · Strassen, Luxembourg, Luxembourg · 8 investments in Belgium startups

Vesalius Biocapital Partners invests in companies active in human health through venture capital funds raised since 2007. They have contributed to developing 20 companies since inception. With more than € 150 million under management in two funds. Vesalius Biocapital Partners plays the role of lead investor in the large majority of its financing rounds. Their companies are based in Europe allowing easy interaction with management. They invest in all stages of development and do not shy away from relatively early-stage projects with a sound proprietary technology and corresponding IP, unique team skills and a clear competitive edge based on solid data.

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Investment focus

  • Industry: Biotechnology, Health Care, Medical
  • Stage:Series A, Series B, Series C
  • Geography: Belgium, Germany, The Netherlands

Investor stats

  • Total investments: 62
  • Round size: Series A $3.9M–$31M; Series B $4.4M–$26M; Series C $7.8M–$100M
  • Lead/follow: 42% lead, 58% follow
  • Last fund: Likely still investing — raised $103M in 2023

Portfolio highlights

  • Nutrium — Nutrium is the most up-to-date nutrition software for dietitians and nutritionists to manage their nutrition business with nutritional assessment, meal planning and progress tracking.
  • RougeTx — RougeTx is a Netherlands-based biotech developing first-in-class small-molecule therapies for vascular diseases caused by pericyte dysfunction. Its lead candidate, RTX-001, targets hereditary haemorrhagic telangiectasia (HHT), an inherited disorder involving fragile blood vessels and recurrent bleeding.
  • ENYO Pharma — ENYO Pharma is a biopharmaceutical company incorporated in Jan, 2014, by four scientists of the Infectiology Research Center in Lyon, France, and three seeding partners (2 privates and 1 public).The company is based in the Infectiology Center of Lyonbiopôle in Lyon, France and maintains tight collaborations with the seminal Inserm team and theBSL4 laboratory Inserm-Jean Mérieux.ENYO Pharma has licensed several Inserm patents issued from the discoveries of the founding scientists and developed a unique platform for the identification of intracellular therapeutic targets and molecules.The company is developing treatments against the most important viruses and is thriving to become a global leader in anti-virals. Research and Development is currently focused on human infecting viruses, with the first two programs being dedicated to the treatment of severe and seasonal flu and chronic hepatitis B. The company plans to conduct its molecules to Phase II clinical trials.
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Lean FUND
VC Fund · Louvain, Vlaams-Brabant, Belgium · 8 investments in Belgium startups

Startups, increase your value by 3 within 9 months thanks to Power 3 by Leanfund (www.leanfund.com)!

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Investment focus

  • Industry: Internet, Apps, Software
  • Stage:Seed, Series B
  • Geography: Belgium, United States, France

Investor stats

  • Total investments: 12
  • Round size: Seed $70k–$470k
  • Lead/follow: 83% lead, 17% follow

Portfolio highlights

  • Neveo — With one click, send photos and messages on a family newspaper that your senior will receive every month.
  • Supersec — Good to eat, good to think: discover the Supersec organic, healthy, artisanal and sustainable food treats available in bulk delivery!
  • Sortlist — Discover the most relevant agencies for your project based on your own specific requirements.
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Finindus
VC Fund · Zelzate, Oost-Vlaanderen, Belgium · 8 investments in Belgium startups

Finindus provides early stage financing and growth capital to innovative companies active in the area of materials, material processing and sustainable manufacturing. We are funded by ArcelorMittal and the Flemish Region and linked to OCAS, the world class metals research center located in Belgium.

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Investment focus

  • Industry: Manufacturing, Industrial, Renewable Energy
  • Stage:Series A, Venture - Series Unknown, Seed
  • Geography: Belgium, United States, Sweden

Investor stats

  • Total investments: 36
  • Round size: Seed $1.3M–$5.4M; Series A $3.4M–$27M; Venture - Series Unknown $1.5M–$9.1M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Ventory — Ventory is an affordable, intuitive, and easy-to-use platform that gives field professionals full visibility and real-time control over remote inventory.
  • Immaterial — Facilitating the energy transition with advanced materials.
  • Tretau — E-mobility is powered by its core - the electric motor. We at Tau are at the very core of the core: the copper winding wire, the magnetic core, the electrical steel.We just make it bet.
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VC funding in Belgium at a glance

Stats across 2k deals from 1.4k investors.

1.4k
investors
in Belgium startups
2k
deals
in Belgium startups
$2.4M
median round
in Belgium startups
49%
lead investors
lead at least one round
27%
Seed
most common funding stage

Access all 1358 VC funds in Belgium startups.

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