# Top 40 Community VC (Venture Capital) Funds in Belgium in October 2023

## WING by Digital Wallonia
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 4
- 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).

## LeanSquare
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, Music, Internet

New Economy Startups Investor & Accelerator

## Belfius Bank
- Type: VC Fund
- Location: Saint-josse-ten-noode, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, SaaS, Artificial Intelligence

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

## QuaeroQ
- Type: VC Fund
- Relevant deals: 3
- Stages: Series A
- Focus: GovTech, CivicTech, Communities

QuaeroQ is a privately-held investment fund that invests in and supports small and midsize companies in Europe with a long-term approach as an involved minority shareholder with a co-owner mindset and in close relationship with their management.
It was founded in 2003 and is headquartered in Waregem, Belgium.

## Kurma Partners
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Health Care, Biotechnology, Medical

Kurma Partners is a management company based in Paris, specializing in the financing of innovation in healthcare and biotechnology, from pre-creation to development capital. Kurma Partners, which manages the Kurma Biofund I, II funds and the Kurma Diagnostics fund, is one of the main players in the financing of therapeutic and medical innovationsin Europe, particularly through links with many institutes. research and prestigious hospitals.

## Namur Invest
- Type: VC Fund
- Location: Namur, Namur, Belgium
- Relevant deals: 2
- Stages: Series A, Seed
- Focus: Health Care, Medical Device, Auctions

Namur Invest Group provides companies with financing solutions in various forms adapted to their needs, to strengthen their financial.

## 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.

## Be Angels
- Type: VC Fund
- Location: Louvain-la-neuve, Vlaams-Brabant, Belgium
- Relevant deals: 2
- Stages: Seed, Pre-Seed
- Focus: Software, Information Technology, SaaS

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.

## Kima Ventures
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, E-Commerce, SaaS

Kima Ventures is one of the world's most active early-stage investors, investing in 2 to 3 startups per week all over the world; providing founders with funding, network, and support for them to reach the next steps of their journey.The firm invests from seed to Series A, mostly as lead investor but also working alongside other investors;backing ambitious founders who work hard to build awesome things that more and more people use everyday. The company helps them to build a great team, to learn very quickly, to keep the right focus and execute towards growth.Kima takes pride of itself in working side-by-side with entrepreneurs. They claim to understand that fundraising is only one step in the company’s journey, that’s why they take quick decisions and make the fundraising process as smooth as possible so the founders can get back to the work of building their business. Kima considers itself not only an investor, but a network of founders and experts sharing a pay it forward mindset.Headquartered in Paris with an office in London, the company was founded and backed by Xavier Niel, founder of Iliad and supporter of entrepreneurs through such projects as 42, Station F and 101projets. Over the last 5 years Kima has invested in over 400 startups in 24 different countries.

## Vives Louvain Technology Fund
- Type: VC Fund
- Location: Louvain-la-neuve, Vlaams-Brabant, Belgium
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: Health Care, Biotechnology, Medical

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

## Fly Ventures
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Artificial Intelligence, Internet

Fly is a first check VC for technical founders solving hard problems. We invest from day-zero to seed, backing founders from all over Europe.

## 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.

## 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.

## Dupont Restauration
- Type: VC Fund
- Location: Libercourt, Nord-Pas-de-Calais, France
- Relevant deals: 1
- Stages: Series A
- Focus: Pet, Food Delivery, Food and Beverage

Dupont Restauration , undisputed leader in catering, while remaining a family-sized company, remains close to its employees.Dupont Traiteur, the event activity of Dupont Restauration, includes the VIP services of sports venues (cocktails, reception, buffet, sit-down meals), the management of the general public sales of some of these sites and thereceptions activity (conventions of businesses, weddings, private events ...) on the Estate.

## PMV
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Software, Biotechnology, Health Care

Do and dare company

## Naxicap Partners
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 1
- Stages: Private Equity, Series A
- Focus: Manufacturing, Software, Retail

Naxicap Partners is a financial partner responsible, active and present along with its holdings. Their concept of partnership is to provide their participants and their managers substantial support in periods of expansion as in times of difficulty, with lines of action to be effective and practical.

## Volta Ventures
- Type: VC Fund
- Location: Gent, Oost-Vlaanderen, Belgium
- Relevant deals: 1
- 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

## Seedrs
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Equity Crowdfunding, Pre-Seed
- Focus: Software, E-Commerce, FinTech

Online investing opportunities in the best new startup businesses, and raise seed and angel investment, with top European equity crowdfunding site Seedrs.

## 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.

## Notion Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Software, SaaS, Information Technology

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

## Sambrinvest
- Type: VC Fund
- Location: Gosselies, Hainaut, Belgium
- Relevant deals: 1
- Stages: Seed, Series A, Series B
- Focus: Biotechnology, Health Care, Information Technology

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

## Seeder Fund
- Type: VC Fund
- Location: Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- 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.

## Seedcamp
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, SaaS

Seedcamp is Europe's seed fund, identifying and investing early in world-class founders attacking large, global markets and solving real problems using technology. The Seedcamp Nation includes over 400 startups building breakout businesses that change the way people live, interact and buy and includes publicly listed UiPath, Wise, and unicornsRevolut, Hopin, Sorare, Pleo, and wefox along with fast-growing businesses such as Grover, viz.ai and Ezra. Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support and a global network built upon more than a decade's experience backing exceptional talent.Seedcamp fast-tracks a founder's vision and creates value through immediate access to smart capital, a lifelong community of support, and a global network built upon more than a decade's experience backing exceptional talent.

## Unbundled VC
- Type: VC Fund
- Location: St. Peter Port, NA - Guernsey, Guernsey
- Relevant deals: 1
- Stages: Pre-Seed
- Focus: E-Commerce

unbundled vc - investing in early-stage startups, helping founders, being open about all aspects of venture capital and building in public

## Upscalers
- Type: VC Fund
- Relevant deals: 1
- Stages: Pre-Seed, Seed
- Focus: Apps, SaaS, Music

Upscalers is a community of European angel investors who've founded or scaled fast-growing startups before. We're focused on building relationships and co-invest up to 500K in Pre-Seed and Seed startups across Europe and the US.

## Fonds Vives II (University of Louvain, UCL)
- Type: VC Fund
- Relevant deals: 1
- Stages: Series B, Series A, Seed
- Focus: Biotechnology, Health Care, Medical

Fonds Vives II (University of Louvain, UCL)

## Eden Ventures
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1

Eden Ventures

## lyssna
- Type: VC Fund
- Relevant deals: 1
- Stages: Seed
- Focus: Women's, Wellness, Fertility

Lyssna gaat samen met jou op zoek naar het ondernemend talent binnen je organisatie. Met die nieuwe inzichten gaat we aan de slag in de praktijk.

## Compagnie Nationale à Portefeuille
- Type: VC Fund
- Location: Loverval, Hainaut, Belgium
- Relevant deals: 1
- Stages: Series A, Series D
- Focus: Information Technology, Manufacturing, Automotive

CNP is a private investment firm investing in and supporting European sector-leading or emerging companies in their long-term development. It has a long history of direct investing across sectors and European listed and non-listed companies and fosters sustainable value creation from strategic, financial, and government stewardship. CNP is one of agroup controlled by the Frère family.CNP is headquartered in Belgium with presence and a mandate across Europe

## Faber
- Type: VC Fund
- Location: Lisbon, Lisboa, Portugal
- Relevant deals: 1
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Machine Learning, SaaS

Faber is a Lisbon-based venture capital firm investing in outstanding entrepreneurs who innovate at the intersection of science and technology to drive digital transformation and climate action. The firm combines a specialist focus on deep tech early-stage startups with dedicated funds, investment teams and expert advisors to actively help foundersbuild global companies powered by AI/data or climate/ocean technologies.
Faber’s unique approach in Southern Europe is led by an entrepreneurial management partnership and backed by notable thesis-driven institutions and private investors. Investing since 2013, the firm has been an early investor in hard tech companies such as Unbabel, SWORD Health, Codacy, iLoF or YData

## Sofinex
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A
- Focus: Wellness, Lifestyle, Health Care

Sofinex is an investment comapny.

## Cox Enterprises
- Type: VC Fund
- Location: Atlanta, Georgia, United States
- Relevant deals: 1
- Stages: Seed, Series A, Series C
- Focus: Software, Information Technology, Health Care

Empower to build. The story of Cox Enterprises is one of hard work, respect for employees, entrepreneurship and making bold decisions. 

## Coformaco
- Type: VC Fund
- Relevant deals: 1

## Limburgse Reconversie Maatschappij
- Type: VC Fund
- Location: Hasselt, Limburg, Belgium
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: Information Technology, Software, Biotechnology

Oxygen for growth - LRM

## Impact Group
- Type: VC Fund
- Location: Boise, Idaho, United States
- Relevant deals: 1
- Stages: Series A
- Focus: Pet, Food Delivery, Food and Beverage

Impact Group is a sales and marketing agency for companies in the consumer packaged goods industry

## Invest BW
- Type: VC Fund
- Relevant deals: 1
- Stages: Series A, Seed, Series B
- Focus: Health Care, AgTech, Medical

Invest BW is a funding program.

## Hera Capital
- Type: VC Fund
- Location: Singapore, Central Region, Singapore
- Relevant deals: 1
- Stages: Series A, Seed
- Focus: E-Commerce, Analytics, Social Media

Hera Capital is a Monetary Authority of Singapore Registered Fund Management Company, which focuses on growth capital investments in small-to-mid sized companies within the South-East Asian region. Our portfolio companies enjoy high growth potential and are either established, or looking to accelerate, in South-East Asia.

## The Craftory
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 1
- Stages: Series B, Series A
- Focus: Consumer Goods, Health Care, Retail

The alternative growth equity and consumer venture capital fund based in London and San Francisco. We invest in consumer brands with a positive social impact. We are Cause Capital.

## Belcube
- Type: VC Fund
- Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium
- Relevant deals: 1
- Stages: Series A, Seed, Convertible Note
- Focus: Software, iOS, Apps

Belcube is a belgian based angel/seed investment fund. By entrepreneurs for entrepreneurs

## S.R.I.W.
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 1
- Stages: Series A, Series B
- Focus: Health Care, Biotechnology, Manufacturing

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 Régionaled’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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