# Top 50 Consumer Startup Investors in Belgium in October 2023

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| PMV | 6 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care |
| Inventures SA | 5 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Manufacturing, Biotechnology |
| Qbic Fund | 4 | Belgium | Seed, Series A | Biotechnology, Software, Health Care |
| The Faktory Fund | 4 | Belgium, France, United States | Seed, Pre-Seed | Software, Information Technology, Manufacturing |
| KBC Focus Fund | 4 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Electronics, Semiconductor, Manufacturing |
| WING by Digital Wallonia | 3 | Belgium | Seed, Convertible Note, Series A | Software, Health Care, Internet |
| Spreds | 3 | Belgium, France | Series A, Seed, Series B | Health Care, Information Technology, Food and Beverage |
| Saffelberg Investments | 3 | Belgium | Series A, Seed | Software, Fashion, E-Commerce |
| LeanSquare | 3 | Belgium, France, United States | Seed, Series A | Software, Music, Internet |
| Vives Louvain Technology Fund | 2 | Belgium, France, United States | Series A, Series B | Health Care, Biotechnology, Medical |
| S.R.I.W. | 2 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| Gimv | 2 | Belgium, United States, France | Series B, Private Equity | Biotechnology, Health Care, Medical |
| Terra Drone | 2 | Belgium | Series A, Series B | Drones, Robotics, Software |
| Gemma Frisius Fund | 2 | Belgium, France | Seed, Series B, Series A | Biotechnology, Health Care, Therapeutics |
| Meusinvest (Noshaq) | 2 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical |
| Capricorn Partners | 2 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| Airbus Ventures | 2 | United States, France, Japan | Series A, Series B, Seed | Software, Aerospace, Information Technology |
| Partech | 2 | United States, France, Germany | Series A, Seed, Series B | Software, E-Commerce, Financial Services |
| Bloc Ventures | 1 | United Kingdom, Israel, Belgium | Seed, Series A | Software, Internet of Things, Financial Services |
| European Union | 1 | United Kingdom, United States, Germany | Grant, Seed | Health Care, Information Technology, Medical Device |
| Innovation Industries | 1 | The Netherlands, Belgium, United States | Seed, Series B | Semiconductor, Health Care, Manufacturing |
| Bosch Ventures | 1 | United States, China, Israel | Series B, Series A, Series C | Software, Artificial Intelligence, Information Technology |
| Patrick Spaulding Ryan Ph.D | 1 | United States, Mexico, Canada | Pre-Seed, Seed, Angel | Information Technology, FinTech, Mobile Apps |
| Pleiade Venture | 1 | France, Belgium, United Kingdom | Seed, Series A | Software, E-Commerce, Artificial Intelligence |
| Join | 1 | Japan, Belgium | Series B | Drones, Software, Aerospace |
| SoFi | 1 | Belgium, Brazil, United States | Series A, Seed | Apps, Biotechnology, Information Technology |
| Johan Smeyers | 1 | Belgium |  | Electronics, Architecture, Information Services |
| Endeit Capital | 1 | The Netherlands, Germany, Finland | Series A, Series B | Software, Advertising, Information Technology |
| Fortino Capital | 1 | Belgium, The Netherlands, France | Series A, Seed | Software, Information Technology, SaaS |
| Lean FUND | 1 | Belgium, United States, France | Seed, Series B | Internet, Apps, Software |
| New Enterprise Associates | 1 | United States, India, China | Series B, Series A, Series C | Software, Health Care, Biotechnology |
| Akiles | 1 | Belgium, France, Luxembourg | Private Equity, Series A | Health Care, Software, Wellness |
| H&M Foundation - Global Change Award | 1 | Belgium | Pre-Seed | Fashion, CleanTech, GreenTech |
| TOKAI | 1 | Japan, Belgium | Angel, Series C | Eyewear, Medical, Robotics |
| Innovation Fund | 1 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Software |
| Finance.Brussels | 1 | Belgium, France | Seed, Series A | Software, CleanTech, Information Technology |
| Limburgse Reconversie Maatschappij | 1 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| Oak Investment Partners | 1 | United States, United Kingdom, China | Series B, Series C | Software, Internet, Telecommunications |
| Volta Ventures | 1 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| TeleSoft Partners | 1 | United States, Germany, Israel | Series A, Series B | Software, Telecommunications, Manufacturing |
| GoBeyond | 1 | Switzerland, Germany, United Kingdom | Seed, Series A | Information Technology, Medical, Software |
| Flanders Innovation and Entrepreneurship (VLAIO) | 1 | Belgium, Israel, Germany | Grant, Pre-Seed, Seed | Biotechnology, Health Care, Artificial Intelligence |
| New Science Ventures | 1 | United States, United Kingdom, Belgium | Series B, Series A, Series D | Biotechnology, Health Care, Therapeutics |
| Coelius Capital | 1 | United States, Canada, Belgium | Seed, Series A, Series B | Software, Information Technology, Health Care |
| Eutopia VC | 1 | France, Belgium, Denmark | Seed, Series A | Retail, Food and Beverage, E-Commerce |
| Otium Capital | 1 | France, Spain, United States | Seed, Series A | Software, Internet, E-Commerce |
| Level Equity Management | 1 | United States, Canada, France | Private Equity, Series A, Series B | Software, SaaS, Information Technology |
| ZEISS Group | 1 | Germany, Belgium | Seed, Angel, Series A | Sensor, Eyewear, Parking |
| Freshmen Fund | 1 | Belgium | Seed | Apps, Sports, Finance |
| Ventech | 1 | France, Germany, United States | Series A, Series B | Software, E-Commerce, Biotechnology |

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