# Top 50 Biotechnology Startup Investors in Belgium in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| PMV | 13 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care |
| S.R.I.W. | 12 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| Qbic Fund | 10 | Belgium | Seed, Series A | Biotechnology, Software, Health Care |
| V-Bio Ventures | 10 | Belgium, France, United Kingdom | Series A, Series B, Seed | Biotechnology, Health Care, Medical |
| Gemma Frisius Fund | 9 | Belgium, France | Seed, Series B, Series A | Biotechnology, Health Care, Therapeutics |
| Vives Louvain Technology Fund | 9 | Belgium, France, United States | Series A, Series B | Health Care, Biotechnology, Medical |
| VIB | 8 | Belgium, Brazil, Denmark | Series A, Seed | Biotechnology, Pharmaceutical, Health Care |
| Limburgse Reconversie Maatschappij | 8 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| Gimv | 8 | Belgium, United States, France | Series B, Private Equity | Biotechnology, Health Care, Medical |
| Meusinvest (Noshaq) | 8 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical |
| Capricorn Partners | 7 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| Vesalius Biocapital Partners | 6 | Belgium, Germany, The Netherlands | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| Newton Biocapital | 5 | Belgium, Japan, France | Series A, Seed | Biotechnology, Medical, Health Care |
| Baekeland Funds | 4 | Belgium | Series B, Series C | Biotechnology, Hardware, Software |
| KBC | 4 | Belgium, United States, Luxembourg | Seed, Series A, Series B | Biotechnology, Health Care, Software |
| Omnes Capital | 4 | France, United States, Belgium | Series A, Series B | Software, Biotechnology, Health Care |
| Annie Vereecken | 4 | Belgium | Seed, Series A | Biotechnology, Medical, Hospital |
| Sambrinvest | 4 | Belgium, France, Spain | Seed, Series A, Series B | Biotechnology, Health Care, Information Technology |
| EQT life science | 4 | United States, The Netherlands, Switzerland | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| Spinventure | 3 | Belgium | Series A | Health Care, Biotechnology, Medical |
| Pierre Drion | 3 | Belgium | Series A, Series B | Biotechnology, Life Science, Software |
| Theodorus III | 3 | Belgium, Canada, France | Seed, Series A | Health Care, Life Science, Medical |
| Inventures SA | 3 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Manufacturing, Biotechnology |
| Qbic | 3 | Belgium | Seed, Series B | Health Care, AgTech, mHealth |
| Boehringer Ingelheim Venture Fund | 3 | United States, Germany, Belgium | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| Droia Ventures | 3 | United States, Belgium, The Netherlands | Series A, Series B, Series C | Biotechnology, Medical, Pharmaceutical |
| Fund+ | 3 | Belgium, United States, Spain | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| New Science Ventures | 3 | United States, United Kingdom, Belgium | Series B, Series A, Series D | Biotechnology, Health Care, Therapeutics |
| Ackermans & van Haaren | 2 | Belgium, India | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| SFPI-FPIM | 2 | Belgium, United States, France | Series B, Series A | Health Care, Biotechnology, Medical |
| AdBio partners | 2 | France, Belgium, Spain | Seed, Series A | Biotechnology, Health Care, Pharmaceutical |
| Spreds | 2 | Belgium, France | Series A, Seed, Series B | Health Care, Information Technology, Food and Beverage |
| Luc Vauterin | 2 | Belgium | Seed, Series A | Life Science, Data Integration, Data Visualization |
| GoBeyond | 2 | Switzerland, Germany, United Kingdom | Seed, Series A | Information Technology, Medical, Software |
| Quest for Growth | 2 | Belgium, France, The Netherlands | Series B, Series C | Biotechnology, Software, Hardware |
| Merieux Developpement | 2 | France, United States, Belgium | Series C, Series B | Health Care, Biotechnology, Medical Device |
| Agri Investment Fund | 2 | Belgium | Series B, Series A, Seed | Biotechnology, Chemical, Veterinary |
| Novo Holdings | 2 | United States, Denmark, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| UCB Ventures | 2 | United States, Belgium, Spain | Series A, Series B | Biotechnology, Health Care, Therapeutics |
| Nivelinvest | 2 | Belgium, United States | Series A, Seed | Biotechnology, iOS, Construction |
| Fountain Healthcare Partners | 2 | Ireland, United States, France | Series A, Series B, Series C | Health Care, Biotechnology, Medical |
| BioGeneration Ventures | 2 | The Netherlands, United States, United Kingdom | Series A, Series B | Biotechnology, Therapeutics, Health Care |
| Pontifax | 2 | United States, Israel, France | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| Innovation Fund | 2 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Software |
| Sofinnova Partners | 2 | France, United States, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Vinnof | 2 | Belgium, United Kingdom | Series A, Series B | Biotechnology, Health Care, Medical |
| Johnson & Johnson Innovation – JJDC | 2 | United States, Israel, United Kingdom | Series A, Series B, Series C | Health Care, Biotechnology, Medical |
| Capital-E | 2 | Belgium, United States, Germany | Series B, Series A | Software, Manufacturing, Hardware |
| M Ventures | 2 | United States, Switzerland, United Kingdom | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| Yves Beudin | 1 | Belgium | Angel | Medical, Health Care, Biotechnology |

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