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Top 10 Renewable Energy Startup Investors in Belgium (May 2026)

The most active venture capital funds and angel investors investing in Belgium Renewable Energy startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Belgium Renewable Energy startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Limburgse Reconversie Maatschappij
VC Fund
1 Belgium, United States, The Netherlands Series A, Seed Information Technology, Software, Biotechnology $482k–$11M
Creos Luxembourg
VC Fund
1 Belgium Renewable Energy, Intelligent Systems, Electrical Distribution
Meusinvest (Noshaq)
VC Fund
1 Belgium, France, Germany Seed, Series A Health Care, Biotechnology, Medical $134k–$15M
PMV
VC Fund
1 Belgium, The Netherlands, United States Series A, Seed Software, Biotechnology, Health Care $500k–$26M
General Motors Ventures
VC Fund
1 United States, Canada, Israel Series A, Series B Automotive, Software, Energy $4.2M–$30M
Inventures SA
VC Fund
1 Belgium, France, United Kingdom Series A, Seed Health Care, Manufacturing, Biotechnology $80k–$13M
QBIC II
VC Fund
1 Belgium Series B, Series A Industrial, Biotechnology, Construction
Elia System Operator
VC Fund
1 Belgium, Germany, Macedonia Seed, Series A, Private Equity Energy, Solar, Software $3.8M–$4.3M
Korys
VC Fund
1 Belgium, The Netherlands, India Series A, Series B Biotechnology, Information Technology, E-Commerce $4.6M–$21M
Gesval
VC Fund
1 Belgium Seed Medical, Software, Wellness
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Investor list

Limburgse Reconversie Maatschappij
VC Fund · Hasselt, Limburg, Belgium · 1 investments in Belgium Renewable Energy startups

Oxygen for growth - LRM

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Investment focus

  • Industry: Information Technology, Software, Biotechnology
  • Stage:Series A, Seed
  • Geography: Belgium, United States, The Netherlands

Investor stats

  • Total investments: 81
  • Round size: Seed $482k–$2.7M; Series A $1.6M–$11M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Qviro — Compare industrial robotics and brands based on user ratings, product prices, use-cases. Reviews for Collaborative robots, Cobots, Industrial robots
  • Cumul.io — Create powerful dashboards in minutes. Share with your teams, or integrate in your platform. Drive growth in your business today!
  • MobieTrain — The mobile microlearning platform of Mobietrain improves knowledge retention with personalised, gamified learning to boost your sales.
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Creos Luxembourg
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Belgium Renewable Energy startups

Creos Luxembourg is the operator of electricity networks and natural gas pipes in Luxembourg.

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Investment focus

  • Industry: Renewable Energy, Intelligent Systems, Electrical Distribution
  • Geography: Belgium

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Ampacimon — Ampacimon develops dynamic line rating systems for transmission and distribution systems operators. Ampacimon’s products address grid infrastructure challenges such as aging assets, transmissions congestion, renewable integration, interconnectors.
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Meusinvest (Noshaq)
VC Fund · Liège, Liege, Belgium · 1 investments in Belgium Renewable Energy startups, 10 in the past 12 months

Noshaq offers financial services to help businesses develop.

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Investment focus

  • Industry: Health Care, Biotechnology, Medical
  • Stage:Seed, Series A
  • Geography: Belgium, France, Germany

Investor stats

  • Total investments: 54
  • Round size: Seed $134k–$4M; Series A $1.1M–$15M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Axithra — Saving lives and improving health economics through significant advancement of therapeutic drug monitoring (TDM).
  • RISORCE — RISORCE fills a need in Belgium for local solutions for processing tire waste while remaining dedicated to a circular economy strategy. We provide a regionally-based, technologically and environmentally sound solution.
  • Allegro Biotech — Allegro has developed the world’s-first custom-tailored, durable, biocompatible, anisotropic, regenerative meniscus cartilage, providing immediate support while also leverage the body’s own healing potential to regenerate human cartilage (proliferation and differentiation of fibrochondrocyte cells).
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PMV
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Renewable Energy startups, 7 in the past 12 months

Do and dare company

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Investment focus

  • Industry: Software, Biotechnology, Health Care
  • Stage:Series A, Seed
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 104
  • Round size: Seed $500k–$4.2M; Series A $2.1M–$26M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • IVEX — At IVEX, we are creating a safety co-pilot to make existing decision making platforms for autonomous driving safe. Our technology is based on years of research performed at KU Leuven University in Belgium. Our unique IP and team experience in behavior planning and functional safety enables the development of safe and reliable autonomous systems toreduce the traffic victims to zero by 2030.
  • Funkey — Kies je teambuilding uit meer dan 500 onvergetelijke activiteiten. Wij zorgen voor de volledige organisatie, incl. eventuele catering en overnachting.
  • dScribe — dScribe is your one-stop-shop to catalog, document and discover anything data-related.No more spending hours looking for the right data.No more doubting about the meaning of your KPIs.Reach the next level of data maturity by offering your users a single entry point to find, understand and access all your reports & data, no matter wherethey are stored.
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General Motors Ventures
VC Fund · Warren, Michigan, United States · 1 investments in Belgium Renewable Energy startups

GM Ventures combines investing in automotive-related tech startups with General Motors support to drive innovation and advance the future of mobility.

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Investment focus

  • Industry: Automotive, Software, Energy
  • Stage:Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 85
  • Round size: Series A $12M–$30M; Series B $4.2M–$23M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • GeoPura — GeoPura supply renewable energy & EV charging, & emission-free electricity. Green hydrogen fuel cell technology in partnership with Siemens.
  • OneD Battery Sciences — OneD Battery Sciences helps our partners make broad-scale EV adoption a reality.
  • Wind Catching Systems — Wind Catching Systems is developing the Windcatcher - a floating wind concept with a potential to reduce the LCoE of floating wind by focusing on standardization, scalability, improved opetations and acreage efficiency. Maximise energy yield, efficient operations and maintenance, integrated turbine
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Inventures SA
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Belgium Renewable Energy startups

Inventures is a European venture capital fund that builds a better world through a portfolio of investments in sustainable businesses.The firm has two funds: Inventures I & Inventures II.Inventures was created to support early stage smart and innovative European businesses, to support sustainable job growth and empower entrepreneurs.Inventures empowers citizenship co-investments through a crowdfunding platform, MyMicroInvest.

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Investment focus

  • Industry: Health Care, Manufacturing, Biotechnology
  • Stage:Series A, Seed
  • Geography: Belgium, France, United Kingdom

Investor stats

  • Total investments: 44
  • Round size: Seed $80k–$2M; Series A $402k–$13M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • BiOceanOr — BiOceanOr provides underwater weather stations to measure water quality. Their solutions provide informations from your exploitation in real-time. Receive alerts in real-time and take decisions with their preventive alert system.
  • myskillcamp — Myskillcamp is a digital learning platform and educational design support service. Myskillcamp supports their customers in the digital transformation of their company and the launch of their Digital Learning project. From the audit of needs to the design of engaging educational devices, through a pilot phase, they make a point of honor to adapt thedigital to the specificities of each and give it meaning.With their online platform, businesses can manage their learner communities and connect all their partners in one place. Their tool also allows businesses to structure training spaces by skills, trades, brands within camps. In parallel, businesses can create educational content from scratch, select a map in their marketplace, or plan sessions in-class. Businesses can organize the distribution of their training to a single learner or to a whole group.
  • Octave — A sustainable, cost-effective and reliable energy storage system with second-life batteries from electric vehicles.
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QBIC II
VC Fund · 1 investments in Belgium Renewable Energy startups

QBIC II

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Investment focus

  • Industry: Industrial, Biotechnology, Construction
  • Stage:Series B, Series A
  • Geography: Belgium

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Sentea — Sentea makes fibre optic Sensing affordable to the industry and enables continuous monitoring even in harsh environments.
  • Aphea.Bio — Aphea.Bio will develop next generation ‘biopesticides’ based on natural microorganisms. These products will provide an alternative for chemical pesticides, which are currently under serious pressure. In addition, the company will develop novel ‘biostimulants’, i.e. microorganisms that stimulate crop growth, for example through promoting the uptakeof nutrients from the soil.
  • EyeD Pharma — EyeD Pharma is a pharmaceutical company dedicated to the development of innovative drug products in ophthalmology. EyeD Pharma focuses on the treatment of glaucoma. Traditionally, glaucoma is treated by administering eye drops every day for the rest of the patient’s life.
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Elia System Operator
VC Fund · Brunelles, Centre, France · 1 investments in Belgium Renewable Energy startups

With a reliability level of 99.999 percent, Elia Group provides society with a robust electricity grid. We operate an electricity transmission system with voltage levels between 30 and 400 kilovolt (kV), and 50Hertz transports electricity over high-voltage levels of 150, 220 and 380 kilovolts (kV).

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Investment focus

  • Industry: Energy, Solar, Software
  • Stage:Seed, Series A, Private Equity
  • Geography: Belgium, Germany, Macedonia

Investor stats

  • Total investments: 4
  • Round size: Seed $3.8M–$4.3M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Enervalis — Krijg grip op energiemanagement van woningen met behulp van het Enervalis Home platform. Bekijk ons website en ontdek de mogelijkheden
  • re.alto energy — Connect to energy data and digital products via APIs. Simple API solutions for the European energy sector.
  • AE Solar Horizon — AE Solar Horizon operates as a manufacture of solar PV panels.
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Korys
VC Fund · Halle, Vlaams-Brabant, Belgium · 1 investments in Belgium Renewable Energy startups

Korys is the name chosen by the Colruyt family for their investment structure. The name Korys is derived from the Latin word for hazelnut tree – Corylus - which is at the origin of the Colruyt name.Their multi-disciplinary approach enables us to create a well-balanced, diversified portfolio of listed stocks and bonds, private equity funds, anddirect participations in small and medium-sized companies. Through their investments, they aim to make a positive impact on people and the planet, while generating attractive returns. A “three P” approach (People, Planet, Profit) forms the cornerstone of their investment strategy. They invest for the long term, as they realize that it takes time to achieve the sustainable impact they are aiming for. They focus their investments in sectors in which they have built substantial expertise as a team: Cleantech, consumer goods & retail and life sciences.

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Investment focus

  • Industry: Biotechnology, Information Technology, E-Commerce
  • Stage:Series A, Series B
  • Geography: Belgium, The Netherlands, India

Investor stats

  • Total investments: 13
  • Round size: Series A $4.6M–$11M; Series B $6.4M–$21M
  • Lead/follow: 21% lead, 79% follow

Portfolio highlights

  • reMYND — Driving the development of disease-modifying treatments
  • Sahyadri Farms — Sahyadri Farms is a farmer producer and agricultural company.
  • Eneida — Operational Analytics LV Apps, software and smart sensor for LV Network Monitoring, Control, and Visibility
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Gesval
VC Fund · 1 investments in Belgium Renewable Energy startups

A limited company of the University of Liège (ULiege).

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Investment focus

  • Industry: Medical, Software, Wellness
  • Stage:Seed
  • Geography: Belgium

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Phasya — Phasya offers solutions for detecting drowsiness and measuring eye movements. These solutions are based on eye tracking technologies using eye images. Phasya also develops solutions for detecting various physiological and cognitive states such as stress, attention, cognitive load, and mind wandering.Phasya solutions can be used in variousapplications such as safety, medical diagnosis, and research. We have notably specific solutions and developments for driver monitoring applications.Indeed physiological and cognitive states such as drowsiness influence the ability of an individual to perform a task or to make a decision. Furthermore the measurement of ocular parameters enables one to understand the brain activity and gaze behavior.
  • Ampacimon — Ampacimon develops dynamic line rating systems for transmission and distribution systems operators. Ampacimon’s products address grid infrastructure challenges such as aging assets, transmissions congestion, renewable integration, interconnectors.
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Renewable Energy Investor funding in Belgium at a glance

Stats across 11 deals from 15 investors.

15
investors
in Belgium Renewable Energy startups
11
deals
in Belgium Renewable Energy startups
$4.3M
median round
in Belgium Renewable Energy startups
40%
lead investors
lead at least one round
18%
Seed
most common funding stage
100/0
VC / Angel
share of investor count

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