# Top 50 Artificial intelligence Startup Investors in Belgium in October 2023

## Volta Ventures
- Type: VC Fund
- Location: Gent, Oost-Vlaanderen, Belgium
- Relevant deals: 14
- Stages: Seed, Series A
- Focus: Software, Information Technology, Artificial Intelligence

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

## PMV
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 12
- Stages: Series A, Seed
- Focus: Software, Biotechnology, Health Care

Do and dare company

## Limburgse Reconversie Maatschappij
- Type: VC Fund
- Location: Hasselt, Limburg, Belgium
- Relevant deals: 10
- Stages: Series A, Seed
- Focus: Information Technology, Software, Biotechnology

Oxygen for growth - LRM

## Flanders Innovation and Entrepreneurship (VLAIO)
- Type: VC Fund
- Location: Brussel, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 6
- Stages: Grant, Pre-Seed, Seed
- Focus: Biotechnology, Health Care, Artificial Intelligence

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

## SmartFin
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 6
- Stages: Series B, Series A
- Focus: Software, SaaS, Analytics

Venture capital fund focussing on European B2B technology companies.

## Lorenz Bogaert
- Type: Angel
- Location: Gent, Oost-Vlaanderen, Belgium
- Relevant deals: 6
- Stages: Seed, Pre-Seed, Angel
- Focus: SaaS, Software, Artificial Intelligence

Lorenz Bogaert is the Founder and Director of FixForm.

## Qbic Fund
- Type: VC Fund
- Location: Belgium, Wisconsin, United States
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Biotechnology, Software, Health Care

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.

## HERAN Partners
- Type: VC Fund
- Location: Belgiek, West-Vlaanderen, Belgium
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Health Care, Hospital, Software

HERAN PARTNERS is a Belgian-based investment fund founded by Annie Vereecken together with Katleen Vandersmissen, Joris Mortelmans and Herman Verrelst within the sector of MedTech and Digital Health. With a clear focus on European HealthTech, the fund provides venture & growth capital accompanied by a strong network, expertise and mentorship tostartups and scale-ups with a strong technology platform and market potential.

## Pitchdrive
- Type: VC Fund
- Location: Antwerp, Antwerpen, Belgium
- Relevant deals: 3
- Stages: Pre-Seed, Seed, Series A
- Focus: Software, SaaS, Information Technology

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

## b2venture (formerly btov Partners)
- Type: VC Fund
- Location: Saint Gallen, Sankt Gallen, Switzerland
- Relevant deals: 3
- Stages: Series A, Seed, Series B
- Focus: Software, Health Care, Information Technology

Btov Partners is a venture capital firm focused on early-stage investments in digital and industrial technology companies. With investment teams in Digital and Industrial Tech, Btov invests EUR 50m per year in high-growth companies with ticket sizes from EUR 0.25m to 3.5m.

## Luc De Vos
- Type: Angel
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 3
- Stages: Seed, Series A, Private Equity
- Focus: Analytics, Consulting, B2B

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

## Toon Coppens
- Type: Angel
- Location: Gent, Oost-Vlaanderen, Belgium
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Angel
- Focus: SaaS, Sales Automation, Artificial Intelligence

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)

## Fortino Capital
- Type: VC Fund
- Location: Zaventem, Vlaams-Brabant, Belgium
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Software, Information Technology, SaaS

We partner with exceptional B2B Software entrepreneurs across Northwestern Europe.

## Ark Angels Activator Fund
- Type: VC Fund
- Location: Hasselt, Limburg, Belgium
- Relevant deals: 3
- Stages: Series A, Seed
- Focus: Software, Information Technology, SaaS

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,

## Pamica NV
- Type: VC Fund
- Location: Antwerp, Antwerpen, Belgium
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: FinTech, Finance, Financial Services

Pamica NV is the investment company of Michel Akkermans.

## Axeleo Capital
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Information Technology, SaaS

Axeleo is the leading Enterprise Technology acceleration platform (both VC and Accelerator), backed by a partnership of over 60 entrepreneurs and executives, and the French Tech Acceleration Fund.

## Seeder Fund
- Type: VC Fund
- Location: Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Financial Services

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 100,000 in the form of a convertible loan is intended to validate their value proposition and product-market fit. For start-ups preparing for Series A it provides funding of upto EUR 200,000 in the form of a convertible loan aims 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.

## Sniper Investments
- Type: VC Fund
- Location: Mechelen-bovelingen, Limburg, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, CRM, Video

Formed in 2011, Sniper Investments is a lean, transparent value investment fund with a long term philosophy. The fund builds on its management team’s full cycle track record in successfully raising, investing, managing and exiting Venture Capital and Private Equity portfolio’s in both up- and down cycles.Sniper Investments is a venture capitalfund investing in early stage companies primarily via equity participation. the fund combines the joint experience of Privast Capital Partners and Partners @ Venture.the geographical scope is determined by the need to be able to be close to the investee companies.

## Korys
- Type: VC Fund
- Location: Halle, Vlaams-Brabant, Belgium
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Biotechnology, Information Technology, E-Commerce

Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.

## Belfius Bank
- Type: VC Fund
- Location: Saint-josse-ten-noode, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Artificial Intelligence

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

## Meusinvest (Noshaq)
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Health Care, Biotechnology, Medical

Noshaq offers financial services to help businesses develop.

## Willem Delbare
- Type: Angel
- Location: Gent, Oost-Vlaanderen, Belgium
- Relevant deals: 2
- Stages: Seed
- Focus: Software, Artificial Intelligence, CRM

Willem Delbare is the Founder at Teamleader.

## Yaletown Partners
- Type: VC Fund
- Location: Vancouver, British Columbia, Canada
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, Enterprise Software, Information Technology

Yaletown Partners specializes in investing in software, data, and device technologies. It invests in technology companies that improve industry and enterprise productivity and sustainability, to help accelerate their growth, shorten exit timeframes, and accomplish strong exit premiums.With offices in Vancouver, Calgary, Montréal, and a growingpresence in Toronto, Yaletown is led by a national team that contributes almost 100 years of technology-industry experience and a network of extensive industry relationships.

## WING by Digital Wallonia
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 2
- Stages: Seed, Convertible Note, Series A
- Focus: Software, Health Care, Internet

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).

## KPN Ventures
- Type: VC Fund
- Location: Rotterdam, Zuid-Holland, The Netherlands
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Software, Internet of Things, Information Technology

KPN Ventures is a corporate venture arm of KPN that aims to partner with innovative technology companies, providing access to capital, expertise, network, and customer channels. It focuses on early growth-stage European companies in networking technology, internet of things, smart home, digital healthcare, cyber security, mobile and video (OTT)services, cloud computing, data, and analytics. It began operation on June 1, 2015, with its headquarters in Rotterdam in the Netherlands.

## Innovation Fund
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Health Care, Manufacturing, Software

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

## Newion
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, SaaS, Information Technology

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.

## Matterwave Ventures
- Type: VC Fund
- Location: Munich, Bayern, Germany
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, Artificial Intelligence, Information Technology

Matterwave Ventures invests in early-stage industrial hardware and software companies, empowering them to become global leaders. The company's solutions are those that will influence how value will be created in industry in the future. Matterwave Ventures, as sector-neutral investors, is on the lookout for ground-breaking hardware and softwaresolutions, including materials, components, systems, and software. With a sincere interest in their products, extensive market knowledge, solid connections in the industry, and unmatched investment expertise in the field, Matterwave Ventures supports the companies in its portfolio.

## Big Bang Ventures
- Type: VC Fund
- Location: Antwerpen, Antwerpen, Belgium
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Software, Cloud Computing, Apps

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.

## Gemma Frisius Fund
- Type: VC Fund
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 2
- Stages: Seed, Series B, Series A
- Focus: Biotechnology, Health Care, Therapeutics

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

## Saffelberg Investments
- Type: VC Fund
- Location: Gooik, Vlaams-Brabant, Belgium
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Software, Fashion, E-Commerce

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.

## LeanSquare
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Music, Internet

New Economy Startups Investor & Accelerator

## PROfounders Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Apps, Travel

We are PROfounders. We are the proactive European early-stage venture fund.

## Brustart
- Type: VC Fund
- Location: Brussel, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Big Data, Internet, Software

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.

## Jonathan Cornelissen
- Type: Angel
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Pre-Seed
- Focus: Software, Information Technology, Artificial Intelligence

Jonathan Cornelissen is an entrepreneur from Leuven, Belgium who focuses his work on education and data science. He holds an undergraduate degree in commercial engineering and a Ph.D. in financial econometrics. Both degrees were obtained from the Catholic University of Leuven.
During his Ph.D. program, the data scientist created a non-profitorganization that matches tutors with students in a manner that prioritizes fit and affordability. The program is still used to this day and has connected over 1,000 student/tutor pairs since its inception.The entrepreneur is also known for his work as a co-founder and CEO of DataCamp, a company created to increase data science education and data literacy. The inspiration for the company came from the entrepreneur’s time as a teaching assistant when he was looking for a fun and engaging platform to help students struggling to learn the programing language R. Since no such platform existed, he decided to create his own.
During his time as CEO, the data scientist oversaw company growth that reached over $30 million in annual revenue. During his tenure, the company workforce also at least doubled for five years straight while maintaining employee satisfaction in the top 10-15 percentile. To date, the company has served over 4 million learners.
Jonathan Cornelissen also works as an angel investor with a focus on education. He has contributed funds to numerous startups, including Clever Girl Finance, Kyso.io, perch.fit, and FlyThere.

## Michel Akkermans
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: FinTech, Financial Services, Finance

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

## European Commission
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Grant, Seed, Pre-Seed
- Focus: Software, Biotechnology, Health Care

The official website of the European Commission, providing access to information about its political priorities, policies and services

## Olivier Coune
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: Outdoors, Software, Lifestyle

Olivier Coune

## Wim Vanhaelemeesch
- Type: Angel
- Relevant deals: 2
- Stages: Seed
- Focus: Artificial Intelligence, Software, Customer Service

Wim Vanhaelemeesch

## Luc Vauterin
- Type: Angel
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Life Science, Data Integration, Data Visualization

Luc Vauterin - Board Member @ ONTOFORCE

## Force Over Mass Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Software, Information Technology, FinTech

Force Over mass are reinventing Venture Capital. With over a decade of experience in investing in innovation we are at the forefront of innovation.  Introducing FOM 2.0, an unprecedented fund that combines unparalleled liquidity with uncompromised privacy. This unique initiative emphasizes complete transparency and aims to empower our entrepreneurs for success. With expertise in both technology and finance, we comprehensively grasp the complexities of the private markets, enabling us to innovate collaboratively. FOM 2.0 is poised to deliver on its promises of transparency, liquidity, and control.

## Point Nine
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, SaaS, Internet

Point Nine Capital is a Berlin-based venture capital firm focused exclusively on early-stage Internet investments in areas like Software-as-a-Service (SaaS), online marketplaces, and mobile.The fund and its managers, Pawel Chudzinski and Christoph Janz have backed a number of highly successful Internet companies such as Delivery Hero, Clio,Shiftplanning, Vend, Typeform, and Zendesk from their earliest stages.

## Peak
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, SaaS, E-Commerce

We're the early-stage venture capital fund backed 100% by founders. Pre-Seed and Series A for SaaS, Marketplaces & Platforms.

## KBC
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Biotechnology, Health Care, Software

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.

## Acadian Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Human Resources, SaaS

Acadian Ventures is a global company that builds long-lasting businesses that make work better, fairer, more meaningful, and ultimately more productive. They invest in firms in their early stages that are leading the work revolution and reinventing how people will work in the future.

## ING Group
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 1
- Stages: Debt Financing, Series B
- Focus: FinTech, Renewable Energy, Energy

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.

## Elaia
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Software, Information Technology, Artificial Intelligence

Elaia is French venture capital firm focused on European digital and deep tech startups, from early stage to growth developpement. We back tech disruptors.

## Jean Vliegen
- Type: Angel
- Location: Leuven, Vlaams-Brabant, Belgium
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: Information Technology, Internet, B2B

Jean-Marie Vliegen.

## The CoFoundry
- Type: VC Fund
- Location: Antwerp, Antwerpen, Belgium
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Network Security, SaaS

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.

## Singular
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, Analytics, Enterprise Software

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

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