# Top 50 Manufacturing Startup Investors in Belgium in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Innovation Fund | 7 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Software |
| Limburgse Reconversie Maatschappij | 6 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| S.R.I.W. | 5 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| Qbic Fund | 4 | Belgium | Seed, Series A | Biotechnology, Software, Health Care |
| Finindus | 4 | Belgium, Sweden, The Netherlands | Series A, Seed | Manufacturing, Industrial, Renewable Energy |
| Gemma Frisius Fund | 4 | Belgium, France | Seed, Series B, Series A | Biotechnology, Health Care, Therapeutics |
| The Faktory Fund | 3 | Belgium, France, United States | Seed, Pre-Seed | Software, Information Technology, Manufacturing |
| Thibaud Elziere | 3 | France, United States, Belgium | Seed, Pre-Seed, Series A | Software, Internet, SaaS |
| PMV | 3 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care |
| Meusinvest (Noshaq) | 3 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical |
| KBC Focus Fund | 3 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Electronics, Semiconductor, Manufacturing |
| HCVC | 3 | United States, France, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Manufacturing |
| Capricorn Partners | 3 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| Greyhound Capital | 2 | United States, India, Japan | Series B, Seed, Series D | FinTech, Financial Services, Banking |
| Bertrand Jelensperger | 2 | France, Spain, Belgium | Seed, Series A, Angel | E-Commerce, Apps, Organic Food |
| Industrya | 2 | Belgium, France | Seed | Industrial, B2B, SaaS |
| Fidimec | 2 | Belgium | Series A, Seed | Industrial, Semiconductor, Medical |
| Namur Invest | 2 | Belgium | Series A, Seed | Health Care, Medical Device, Auctions |
| QBIC II | 2 | Belgium | Series B, Series A | Industrial, Biotechnology, Construction |
| Harold Mechelynck | 2 | France, Belgium, United States | Seed, Series A, Series B | FinTech, Finance, SaaS |
| Index Ventures | 2 | United States, United Kingdom, France | Series A, Series B, Seed | Software, E-Commerce, Internet |
| LRM | 2 | Belgium, The Netherlands | Seed | Manufacturing, Drones, Sensor |
| Francis Nappez | 2 | France, United States, Belgium | Seed, Angel, Series A | Software, Internet, SaaS |
| Buysse & Partners | 2 | Belgium, United Kingdom, The Netherlands | Series A, Seed | Software, Cloud Computing, FinTech |
| Fred Potter | 2 | France, Belgium | Seed, Series A | Artificial Intelligence, SaaS, Software |
| Gimv | 2 | Belgium, United States, France | Series B, Private Equity | Biotechnology, Health Care, Medical |
| The CoFoundry | 2 | Belgium, The Netherlands, United States | Seed, Series A | Software, Network Security, SaaS |
| Engie Fabricom | 1 | Belgium | Series A | Industrial, Service Industry, Internet of Things |
| Romain Afflelou | 1 | France, United States, Israel | Seed, Series A, Pre-Seed | Health Care, FinTech, Software |
| VIGO Ventures | 1 | Poland, Belgium | Seed | Laser, Electronics, Manufacturing |
| Asimov Ventures | 1 | United States, Spain, Canada | Seed, Pre-Seed | 3D Printing, Manufacturing, Medical Device |
| SmartFin | 1 | Belgium, The Netherlands, Finland | Series B, Series A | Software, SaaS, Analytics |
| Bloc Ventures | 1 | United Kingdom, Israel, Belgium | Seed, Series A | Software, Internet of Things, Financial Services |
| Clement Benoit | 1 | France, United States, Spain | Seed, Series A, Pre-Seed | E-Commerce, Software, FinTech |
| Sniper Investments | 1 | Belgium, The Netherlands | Seed, Series A | Software, CRM, Video |
| Nuhma | 1 | Belgium | Seed, Series A | Battery, Software, GreenTech |
| Saffelberg Investments | 1 | Belgium | Series A, Seed | Software, Fashion, E-Commerce |
| SIDBI Venture Capital | 1 | India, Belgium | Seed, Series A | Manufacturing, Information Technology, Software |
| Noshaq | 1 | Belgium | Series A | Medical, Analytics, Health Care |
| Lumiares | 1 | Belgium | Pre-Seed | Software, Health Care, Manufacturing |
| Fortino Capital | 1 | Belgium, The Netherlands, France | Series A, Seed | Software, Information Technology, SaaS |
| Crane Venture Partners | 1 | United Kingdom, Germany, United States | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| FPIM | 1 | Belgium | Seed, Series B | Manufacturing, Battery, Industrial |
| Spreds | 1 | Belgium, France | Series A, Seed, Series B | Health Care, Information Technology, Food and Beverage |
| Oscar Salazar | 1 | United States, France, Chile | Seed, Series A, Series B | Software, E-Commerce, SaaS |
| Eduardo Ronzano | 1 | France, United States, United Kingdom | Seed, Pre-Seed, Angel | Software, SaaS, E-Commerce |
| Takeda Ventures | 1 | United States, United Kingdom, Israel | Series A, Series B | Biotechnology, Health Care, Therapeutics |
| Ark Angels Activator Fund | 1 | Belgium | Series A, Seed | Software, Information Technology, SaaS |
| Innovation Industries | 1 | The Netherlands, Belgium, United States | Seed, Series B | Semiconductor, Health Care, Manufacturing |
| Bob Verbeeck | 1 | Belgium | Seed | Cycling, Manufacturing, Transportation |

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