# Top 50 Health Care Startup Investors in Belgium in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| S.R.I.W. | 16 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| Meusinvest (Noshaq) | 16 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical |
| PMV | 15 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care |
| Capricorn Partners | 11 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| Qbic Fund | 11 | Belgium | Seed, Series A | Biotechnology, Software, Health Care |
| Vives Louvain Technology Fund | 10 | Belgium, France, United States | Series A, Series B | Health Care, Biotechnology, Medical |
| Gemma Frisius Fund | 10 | Belgium, France | Seed, Series B, Series A | Biotechnology, Health Care, Therapeutics |
| V-Bio Ventures | 9 | Belgium, France, United Kingdom | Series A, Series B, Seed | Biotechnology, Health Care, Medical |
| Limburgse Reconversie Maatschappij | 8 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| Inventures SA | 8 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Manufacturing, Biotechnology |
| WING by Digital Wallonia | 8 | Belgium | Seed, Convertible Note, Series A | Software, Health Care, Internet |
| Sambrinvest | 7 | Belgium, France, Spain | Seed, Series A, Series B | Biotechnology, Health Care, Information Technology |
| Newton Biocapital | 7 | Belgium, Japan, France | Series A, Seed | Biotechnology, Medical, Health Care |
| VIB | 6 | Belgium, Brazil, Denmark | Series A, Seed | Biotechnology, Pharmaceutical, Health Care |
| Gimv | 6 | Belgium, United States, France | Series B, Private Equity | Biotechnology, Health Care, Medical |
| White Fund | 5 | Belgium | Seed, Series A, Series B | Health Care, Medical, Medical Device |
| Vesalius Biocapital Partners | 5 | Belgium, Germany, The Netherlands | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| Spinventure | 5 | Belgium | Series A | Health Care, Biotechnology, Medical |
| Omnes Capital | 4 | France, United States, Belgium | Series A, Series B | Software, Biotechnology, Health Care |
| EQT life science | 4 | United States, The Netherlands, Switzerland | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| Pierre Rigaux | 4 | Belgium | Seed, Pre-Seed, Convertible Note | Sports, Medical Device |
| Annie Vereecken | 4 | Belgium | Seed, Series A | Biotechnology, Medical, Hospital |
| Theodorus III | 4 | Belgium, Canada, France | Seed, Series A | Health Care, Life Science, Medical |
| Fund+ | 4 | Belgium, United States, Spain | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| New Science Ventures | 4 | United States, United Kingdom, Belgium | Series B, Series A, Series D | Biotechnology, Health Care, Therapeutics |
| KBC | 4 | Belgium, United States, Luxembourg | Seed, Series A, Series B | Biotechnology, Health Care, Software |
| Volta Ventures | 4 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Pierre Drion | 3 | Belgium | Series A, Series B | Biotechnology, Life Science, Software |
| Droia Ventures | 3 | United States, Belgium, The Netherlands | Series A, Series B, Series C | Biotechnology, Medical, Pharmaceutical |
| Boehringer Ingelheim Venture Fund | 3 | United States, Germany, Belgium | Series A, Series B, Seed | Biotechnology, Health Care, Therapeutics |
| Spreds | 3 | Belgium, France | Series A, Seed, Series B | Health Care, Information Technology, Food and Beverage |
| Thuja Capital | 3 | The Netherlands, Belgium, United States | Series A, Seed | Biotechnology, Medical, Health Care |
| GoBeyond | 3 | Switzerland, Germany, United Kingdom | Seed, Series A | Information Technology, Medical, Software |
| Namur Invest | 3 | Belgium | Series A, Seed | Health Care, Medical Device, Auctions |
| Ackermans & van Haaren | 3 | Belgium, India | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| HERAN Partners | 3 | Belgium, The Netherlands | Seed, Series A | Health Care, Hospital, Software |
| Buysse & Partners | 3 | Belgium, United Kingdom, The Netherlands | Series A, Seed | Software, Cloud Computing, FinTech |
| Qbic | 3 | Belgium | Seed, Series B | Health Care, AgTech, mHealth |
| Be Angels | 3 | Belgium, France, Spain | Seed, Pre-Seed | Software, Information Technology, SaaS |
| b2venture (formerly btov Partners) | 3 | Germany, Switzerland, United Kingdom | Series A, Seed, Series B | Software, Health Care, Information Technology |
| Kurma Partners | 3 | France, Spain, Switzerland | Series A, Seed, Series B | Health Care, Biotechnology, Medical |
| Matterwave Ventures | 2 | Germany, Austria, Belgium | Series A, Seed | Software, Artificial Intelligence, Information Technology |
| European Investment Bank | 2 | France, Germany, Ireland | Debt Financing, Post-IPO Debt | Biotechnology, Health Care, Software |
| Akiles | 2 | Belgium, France, Luxembourg | Private Equity, Series A | Health Care, Software, Wellness |
| Vinnof | 2 | Belgium, United Kingdom | Series A, Series B | Biotechnology, Health Care, Medical |
| Carevolution | 2 | Belgium, United States | Seed | Health Care, mHealth, Therapeutics |
| Baekeland Funds | 2 | Belgium | Series B, Series C | Biotechnology, Hardware, Software |
| BAN Vlaanderen | 2 | Belgium | Seed, Series A | Health Care, Medical, Apps |
| SFPI-FPIM | 2 | Belgium, United States, France | Series B, Series A | Health Care, Biotechnology, Medical |
| UCB Ventures | 2 | United States, Belgium, Spain | Series A, Series B | Biotechnology, Health Care, Therapeutics |

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