# Top 50 Hardware Startup Investors in Belgium in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| PMV | 10 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care |
| Limburgse Reconversie Maatschappij | 8 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| Qbic Fund | 8 | Belgium | Seed, Series A | Biotechnology, Software, Health Care |
| WING by Digital Wallonia | 8 | Belgium | Seed, Convertible Note, Series A | Software, Health Care, Internet |
| Capricorn Partners | 7 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| The Faktory Fund | 6 | Belgium, France, United States | Seed, Pre-Seed | Software, Information Technology, Manufacturing |
| Volta Ventures | 4 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| KBC Focus Fund | 4 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Electronics, Semiconductor, Manufacturing |
| Toon Coppens | 4 | Belgium, United States | Seed, Pre-Seed, Angel | SaaS, Sales Automation, Artificial Intelligence |
| Allegro Investment Fund | 4 | Belgium, United States, The Netherlands | Series A, Series B | Software, Hardware, Apps |
| Lorenz Bogaert | 4 | Belgium, United Kingdom, United States | Seed, Pre-Seed, Angel | SaaS, Software, Artificial Intelligence |
| Jonas Dhaenens | 3 | Belgium | Seed, Angel, Series A | Software, SaaS, Enterprise Software |
| Capital-E | 3 | Belgium, United States, Germany | Series B, Series A | Software, Manufacturing, Hardware |
| Big Bang Ventures | 3 | Belgium, The Netherlands, United States | Series A, Series B | Software, Cloud Computing, Apps |
| Vives Louvain Technology Fund | 3 | Belgium, France, United States | Series A, Series B | Health Care, Biotechnology, Medical |
| Be Angels | 3 | Belgium, France, Spain | Seed, Pre-Seed | Software, Information Technology, SaaS |
| Lean FUND | 3 | Belgium, United States, France | Seed, Series B | Internet, Apps, Software |
| Fidimec | 3 | Belgium | Series A, Seed | Industrial, Semiconductor, Medical |
| Baekeland Funds | 3 | Belgium | Series B, Series C | Biotechnology, Hardware, Software |
| Flanders Future Techfund | 2 | Belgium | Seed | Medical, Semiconductor, Clinical Trials |
| LeanSquare | 2 | Belgium, France, United States | Seed, Series A | Software, Music, Internet |
| Terra Drone | 2 | Belgium | Series A, Series B | Drones, Robotics, Software |
| Flanders Innovation and Entrepreneurship (VLAIO) | 2 | Belgium, Israel, Germany | Grant, Pre-Seed, Seed | Biotechnology, Health Care, Artificial Intelligence |
| Meusinvest (Noshaq) | 2 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical |
| Akiles | 2 | Belgium, France, Luxembourg | Private Equity, Series A | Health Care, Software, Wellness |
| Finance.Brussels | 2 | Belgium, France | Seed, Series A | Software, CleanTech, Information Technology |
| Inventures SA | 2 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Manufacturing, Biotechnology |
| PROfounders Capital | 2 | United Kingdom, United States, Finland | Seed, Series A, Series B | Software, Apps, Travel |
| KPN Ventures | 2 | The Netherlands, Belgium, Germany | Series A, Series B, Seed | Software, Internet of Things, Information Technology |
| European Commission | 2 | Spain, France, United States | Grant, Seed, Pre-Seed | Software, Biotechnology, Health Care |
| Innovation Fund | 2 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Software |
| S.R.I.W. | 2 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| Airbus Ventures | 2 | United States, France, Japan | Series A, Series B, Seed | Software, Aerospace, Information Technology |
| Vesalius Biocapital Partners | 2 | Belgium, Germany, The Netherlands | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| Partech | 2 | United States, France, Germany | Series A, Seed, Series B | Software, E-Commerce, Financial Services |
| TheClubDeal | 2 | Belgium, France | Series A, Series B, Seed | Health Care, Biotechnology, Information Technology |
| Olivier Coune | 2 | Belgium | Seed | Outdoors, Software, Lifestyle |
| Gemma Frisius Fund | 2 | Belgium, France | Seed, Series B, Series A | Biotechnology, Health Care, Therapeutics |
| Quest for Growth | 2 | Belgium, France, The Netherlands | Series B, Series C | Biotechnology, Software, Hardware |
| Boris Bogaert | 2 | Belgium, United Kingdom, United States | Seed, Pre-Seed | Software, FinTech, Enterprise Software |
| Gimv | 2 | Belgium, United States, France | Series B, Private Equity | Biotechnology, Health Care, Medical |
| YFM Equity Partners | 1 | United Kingdom, United States, Belgium | Private Equity, Series A | Software, Information Technology, Biotechnology |
| Dental Innovation Alliance | 1 | Belgium, Germany, United States | Seed, Series A | Software, SaaS, Dental |
| Ark Angels Activator Fund | 1 | Belgium | Series A, Seed | Software, Information Technology, SaaS |
| Saffelberg Investments | 1 | Belgium | Series A, Seed | Software, Fashion, E-Commerce |
| Luc Kindt | 1 | Belgium | Series A | Telecommunications |
| Fortino Capital | 1 | Belgium, The Netherlands, France | Series A, Seed | Software, Information Technology, SaaS |
| Hummingbird Ventures | 1 | United States, Turkey, United Kingdom | Series A, Seed, Series B | Software, E-Commerce, Financial Services |
| iAM Capital | 1 | Belgium | Series A | Wearables, Navigation, Consumer Electronics |
| Join | 1 | Japan, Belgium | Series B | Drones, Software, Aerospace |

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co