# Top 50 Medical Startup Investors in Belgium in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Meusinvest (Noshaq) | 8 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical |
| Limburgse Reconversie Maatschappij | 6 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| Capricorn Partners | 5 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| Newton Biocapital | 5 | Belgium, Japan, France | Series A, Seed | Biotechnology, Medical, Health Care |
| V-Bio Ventures | 4 | Belgium, France, United Kingdom | Series A, Series B, Seed | Biotechnology, Health Care, Medical |
| S.R.I.W. | 4 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| Qbic Fund | 4 | Belgium | Seed, Series A | Biotechnology, Software, Health Care |
| Fund+ | 3 | Belgium, United States, Spain | Series A, Series B, Series C | Biotechnology, Health Care, Therapeutics |
| GoBeyond | 3 | Switzerland, Germany, United Kingdom | Seed, Series A | Information Technology, Medical, Software |
| Gemma Frisius Fund | 3 | Belgium, France | Seed, Series B, Series A | Biotechnology, Health Care, Therapeutics |
| Annie Vereecken | 3 | Belgium | Seed, Series A | Biotechnology, Medical, Hospital |
| Volta Ventures | 3 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| WING by Digital Wallonia | 3 | Belgium | Seed, Convertible Note, Series A | Software, Health Care, Internet |
| PMV | 2 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care |
| Spinventure | 2 | Belgium | Series A | Health Care, Biotechnology, Medical |
| Noshaq | 2 | Belgium | Series A | Medical, Analytics, Health Care |
| Omnes Capital | 2 | France, United States, Belgium | Series A, Series B | Software, Biotechnology, Health Care |
| BioGeneration Ventures | 2 | The Netherlands, United States, United Kingdom | Series A, Series B | Biotechnology, Therapeutics, Health Care |
| Be Angels | 2 | Belgium, France, Spain | Seed, Pre-Seed | Software, Information Technology, SaaS |
| Thuja Capital | 2 | The Netherlands, Belgium, United States | Series A, Seed | Biotechnology, Medical, Health Care |
| Buysse & Partners | 2 | Belgium, United Kingdom, The Netherlands | Series A, Seed | Software, Cloud Computing, FinTech |
| Inventures SA | 2 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Manufacturing, Biotechnology |
| BAN Vlaanderen | 2 | Belgium | Seed, Series A | Health Care, Medical, Apps |
| White Fund | 2 | Belgium | Seed, Series A, Series B | Health Care, Medical, Medical Device |
| Sambrinvest | 2 | Belgium, France, Spain | Seed, Series A, Series B | Biotechnology, Health Care, Information Technology |
| Yonjin Venture | 1 | United States, China, Israel | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| Dental Innovation Alliance | 1 | Belgium, Germany, United States | Seed, Series A | Software, SaaS, Dental |
| Delta Partners | 1 | Ireland, United States, United Kingdom | Seed, Series A | Software, Information Technology, Health Care |
| Ackermans & van Haaren | 1 | Belgium, India | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| CPH Banque | 1 | Belgium | Series B | Health Care, Medical, Training |
| BNP Paribas Fortis | 1 | Belgium, United States, Germany | Debt Financing, Series B | Biotechnology, Logistics, Software |
| High-Tech Grunderfonds | 1 | Germany, Switzerland, United States | Seed, Series A | Software, Information Technology, Biotechnology |
| LeanSquare | 1 | Belgium, France, United States | Seed, Series A | Software, Music, Internet |
| NV Industriebank LIOF | 1 | The Netherlands, Belgium | Series A, Seed | Biotechnology, Medical, Health Care |
| Gimv | 1 | Belgium, United States, France | Series B, Private Equity | Biotechnology, Health Care, Medical |
| Limburg Startup | 1 | The Netherlands, France, Belgium | Series A, Series B | Biotechnology, Medical, Health Care |
| BIP Investment Partners | 1 | Belgium | Series A, Series B | Video, Medical, Software |
| KBC | 1 | Belgium, United States, Luxembourg | Seed, Series A, Series B | Biotechnology, Health Care, Software |
| SFPI-FPIM | 1 | Belgium, United States, France | Series B, Series A | Health Care, Biotechnology, Medical |
| Quest for Growth | 1 | Belgium, France, The Netherlands | Series B, Series C | Biotechnology, Software, Hardware |
| Sofinnova Investments | 1 | United States, France, United Kingdom | Series B, Series A, Series C | Biotechnology, Health Care, Pharmaceutical |
| Sofinnova Partners | 1 | France, United States, United Kingdom | Series A, Series B, Series C | Biotechnology, Health Care, Medical |
| Forbion Capital Partners | 1 | United States, United Kingdom, The Netherlands | Series B, Series A, Series C | Biotechnology, Health Care, Medical |
| Investsud | 1 | Belgium, France | Series A, Seed, Series B | Biotechnology, Medical, SaaS |
| New Rhein | 1 | United States, Israel, Belgium | Series A, Series B, Seed | Medical, Biotechnology, Health Care |
| Yves Beudin | 1 | Belgium | Angel | Medical, Health Care, Biotechnology |
| Financière Spin-Off Luxembourgeoise | 1 | Belgium | Series A | Medical, Health Care, Medical Device |
| Jean Dessain | 1 | Belgium | Angel | Medical, Health Care, Biotechnology |
| Flanders Future Techfund | 1 | Belgium | Seed | Medical, Semiconductor, Clinical Trials |
| Hunza Ventures | 1 | Belgium, United States | Series A | Medical, Health Care, Biotechnology |

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