# Top 10 B2B VC (Venture Capital) Funds in Belgium in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Limburgse Reconversie Maatschappij | 5 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| SmartFin | 4 | Belgium, The Netherlands, Finland | Series B, Series A | Software, SaaS, Analytics |
| Axeleo Capital | 3 | France, Canada, Norway | Seed, Series A | Software, Information Technology, SaaS |
| LeanSquare | 2 | Belgium, France, United States | Seed, Series A | Software, Music, Internet |
| Quincy Jones Productions | 1 | United States, Belgium | Seed | Music, B2B, Gift |
| Sherpa Invest | 1 | Belgium, China | Series B | SaaS, Software, B2B |
| Newion | 1 | The Netherlands, Belgium, Sweden | Series A, Seed | Software, SaaS, Information Technology |
| Industrya | 1 | Belgium, France | Seed | Industrial, B2B, SaaS |
| E-Merge | 1 | United States, Belgium, Spain | Seed, Series A | Software, SaaS, E-Commerce |
| ING Group | 1 | United Kingdom, Belgium, United States | Debt Financing, Series B | FinTech, Renewable Energy, Energy |

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