# Top 20 Retail Startup Investors in Belgium in May 2026 ## Limburgse Reconversie Maatschappij - Type: VC Fund - Location: Hasselt, Limburg, Belgium - Relevant deals: 3 - Stages: Series A, Seed - Focus: Information Technology, Software, Biotechnology Oxygen for growth - LRM ## PMV - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 2 - Stages: Series A, Seed - Focus: Software, Biotechnology, Health Care Do and dare company ## Toon Coppens - Type: Angel - Location: Gent, Oost-Vlaanderen, Belgium - Relevant deals: 2 - Stages: Seed, Pre-Seed, Angel - Focus: SaaS, Sales Automation, Artificial Intelligence Toon Coppens (Belgium, 1981), graduated as a Master of Science in Informatics at the University of Ghent.In june 2000, during his first year at university, he successfully launched the first Belgian social networking site, which later became Redbox.be.He is the co-founder of Massive Media, the social media company behind the successfuldigital brands Netlog.com and Twoo.com. Massive Media enables members to meet nearby people instantly. Today, Over 80 million people have joined our sites on web and mobile.Toon lives in Ghent (Belgium) and London (UK), loves snowboarding and used to deejay and play volleyball a lot.>> Toon's personal Netlog (dutch)>> Twoo.com (dutch) ## ETF Partners - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Series B, Series A - Focus: Software, Renewable Energy, Information Technology ETF Partners supports talented entrepreneurs and management teams with investment capital and experience. Its funds come from institutional investors, global corporations, and family offices. The firm creates value by investing in and supporting great European companies that deliver Sustainability Through Innovation. ## Jos B. Peeters - Type: Angel - Location: Leuven, Vlaams-Brabant, Belgium - Relevant deals: 1 - Stages: Series A - Focus: Retail, FinTech, Stock Exchanges Has a PhD in Solid State Physics from the University of Leuven. He worked at Bell Telephone Manufacturing Cy, PA Technology and BeneVent Management, before starting Capricorn Venture Partners. ## Korys - Type: VC Fund - Location: Halle, Vlaams-Brabant, Belgium - Relevant deals: 1 - Stages: Series A, Series B - Focus: Biotechnology, Information Technology, E-Commerce 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. ## Jonas Dhaenens - Type: Angel - Location: Gent, Oost-Vlaanderen, Belgium - Relevant deals: 1 - Stages: Seed, Angel, Series A - Focus: Software, SaaS, Enterprise Software Jonas Dhaenens - Group CEO @ team.blue Denmark ## Boris Bogaert - Type: Angel - Location: Antwerp, Antwerpen, Belgium - Relevant deals: 1 - Stages: Seed, Pre-Seed - Focus: Software, FinTech, Enterprise Software Startup Enabler & Angel Investor. In 2011 I co-founded Cardwise that later became Xpenditure NV an innovative product for managing expenses. Which was acquired by Sodexo Group (EURONEXT:SDXOF) in March 2017 after a very succesfull growth phase with more then 6000 customers globally (eg. Deloitte, Henkel, PWC,....) Reinvested partly in the newventure with Sodexo & iAlbatros. We launched this new corp-up venture in June 2018 under the name of RYDOO and I'm acting COO and board member.. Next to that I'm also investing in promising early stage startups with Tumbzup bvba.In the early 90ies I've been involved in commercialisation of the first Internet solutions. My passion has always been making new innovative products marketable towards B2B markets. I've pioneered in the internet sector and have been involved in the launch of Europe's first Internet service providers PING (Eunet) and Yucom (JV BT & ING), now both part of Belgacom (BELG:BB).Later, I became Chief Commercial Officer at SpaceChecker and after the acquisition by Punch Telematix, I became Country Manager. Punch Telematix is now owned by Trimble (NASDAQ: TRMB). In 2007, I joined Massive Media (publishers of Netlog & TWOO), a leading European on-line community that has recently been acquired by IACI (NASDAQ:IACI). As Director of Business Development, I successfully set-up the complete business development strategy and team from scratch. ## Spreds - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Series A, Seed, Series B - Focus: Health Care, Information Technology, Food and Beverage We empower high-potential entrepreneurship and democratize venture capital. Discover promising start-ups & SMEs and invest alongside business angels. ## Force Over Mass Capital - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Information Technology, FinTech Force Over mass are reinventing Venture Capital. With over a decade of experience in investing in innovation we are at the forefront of innovation. Introducing FOM 2.0, an unprecedented fund that combines unparalleled liquidity with uncompromised privacy. This unique initiative emphasizes complete transparency and aims to empower our entrepreneurs for success. With expertise in both technology and finance, we comprehensively grasp the complexities of the private markets, enabling us to innovate collaboratively. FOM 2.0 is poised to deliver on its promises of transparency, liquidity, and control. ## Optiver - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Series A, Series C - Focus: FinTech, Stock Exchanges, Trading Platform As a global market maker, Optiver works to make the world's markets fairer, more transparent and more efficient for everyone. ## KPN Ventures - Type: VC Fund - Location: Rotterdam, Zuid-Holland, The Netherlands - Relevant deals: 1 - Stages: Series A, Series B, Seed - Focus: Software, Internet of Things, Information Technology KPN Ventures is a corporate venture arm of KPN that aims to partner with innovative technology companies, providing access to capital, expertise, network, and customer channels. It focuses on early growth-stage European companies in networking technology, internet of things, smart home, digital healthcare, cyber security, mobile and video (OTT)services, cloud computing, data, and analytics. It began operation on June 1, 2015, with its headquarters in Rotterdam in the Netherlands. ## Vendis Capital - Type: VC Fund - Location: Diegem, Vlaams-Brabant, Belgium - Relevant deals: 1 - Stages: Private Equity - Focus: Retail, E-Commerce, Manufacturing Vendis Capital is an independent private equity firm that focuses on building and investing in small- to medium-sized branded consumer companies in Europe. Its flexible capital structure includes both development capital and buyout capital.Vendis Capital supports entrepreneurs and their companies through various stages of development. It helpsits clients in establishing strategic roadmaps, planning and facilitating management additions, evaluating and executing acquisitions, and establishing proper monitoring and reporting tools.Vendis Capital was founded in 2009 and is headquartered in Diegem, Vlaams-Brabant. ## BNP Paribas Fortis - Type: VC Fund - Location: Brussels, Brussels Hoofdstedelijk Gewest, Belgium - Relevant deals: 1 - Stages: Debt Financing, Series B - Focus: Biotechnology, Logistics, Software BNP Paribas Fortis is a bank that provides personal and business banking services. ## The Craftory - Type: VC Fund - Location: London, England, United Kingdom - Relevant deals: 1 - Stages: Series B, Series A - Focus: Consumer Goods, Health Care, Retail The alternative growth equity and consumer venture capital fund based in London and San Francisco. We invest in consumer brands with a positive social impact. We are Cause Capital. ## Wim Derkinderen - Type: Angel - Location: Antwerp, Antwerpen, Belgium - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: Software, Information Technology, SaaS Wim Derkinderen is the Founder, Director, and Board member of FixForm. ## Lorenz Bogaert - Type: Angel - Location: Gent, Oost-Vlaanderen, Belgium - Relevant deals: 1 - Stages: Seed, Pre-Seed, Angel - Focus: SaaS, Software, Artificial Intelligence Lorenz Bogaert is the Founder and Director of FixForm. ## LeanSquare - Type: VC Fund - Location: Liège, Liege, Belgium - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, Music, Internet New Economy Startups Investor & Accelerator ## ING Group - Type: VC Fund - Location: Amsterdam, Noord-Holland, The Netherlands - Relevant deals: 1 - Stages: Debt Financing, Series B - Focus: FinTech, Renewable Energy, Energy ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services. They serve more than 85 million private, corporate and institutional customers in Europe, North and Latin America, Asia and Australia. They draw on our experience and expertise, their commitment to excellent service andtheir global scale to meet the needs of a broad customer base, comprising individuals, families, small businesses, large corporations, institutions and governments. ## Angelwise - Type: VC Fund - Location: Hasselt, Limburg, Belgium - Relevant deals: 1 - Stages: Seed, Series A - Focus: Software, SaaS, Data Integration Angelwise Vlaams Investeringsfonds # 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