# Top 20 Retail Startup Investors in Belgium in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| Limburgse Reconversie Maatschappij | 3 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| PMV | 2 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care |
| Toon Coppens | 2 | Belgium, United States | Seed, Pre-Seed, Angel | SaaS, Sales Automation, Artificial Intelligence |
| ETF Partners | 1 | United Kingdom, France, Norway | Series B, Series A | Software, Renewable Energy, Information Technology |
| Jos B. Peeters | 1 | Belgium | Series A | Retail, FinTech, Stock Exchanges |
| Korys | 1 | Belgium, The Netherlands, India | Series A, Series B | Biotechnology, Information Technology, E-Commerce |
| Jonas Dhaenens | 1 | Belgium | Seed, Angel, Series A | Software, SaaS, Enterprise Software |
| Boris Bogaert | 1 | Belgium, United Kingdom, United States | Seed, Pre-Seed | Software, FinTech, Enterprise Software |
| Spreds | 1 | Belgium, France | Series A, Seed, Series B | Health Care, Information Technology, Food and Beverage |
| Force Over Mass Capital | 1 | United Kingdom, United States, Germany | Seed, Series A | Software, Information Technology, FinTech |
| Optiver | 1 | United States, Belgium, The Netherlands | Series A, Series C | FinTech, Stock Exchanges, Trading Platform |
| KPN Ventures | 1 | The Netherlands, Belgium, Germany | Series A, Series B, Seed | Software, Internet of Things, Information Technology |
| Vendis Capital | 1 | The Netherlands, Belgium, France | Private Equity | Retail, E-Commerce, Manufacturing |
| BNP Paribas Fortis | 1 | Belgium, United States, Germany | Debt Financing, Series B | Biotechnology, Logistics, Software |
| The Craftory | 1 | United States, United Kingdom, Chile | Series B, Series A | Consumer Goods, Health Care, Retail |
| Wim Derkinderen | 1 | Belgium, Spain, United States | Seed, Pre-Seed, Angel | Software, Information Technology, SaaS |
| Lorenz Bogaert | 1 | Belgium, United Kingdom, United States | Seed, Pre-Seed, Angel | SaaS, Software, Artificial Intelligence |
| LeanSquare | 1 | Belgium, France, United States | Seed, Series A | Software, Music, Internet |
| ING Group | 1 | United Kingdom, Belgium, United States | Debt Financing, Series B | FinTech, Renewable Energy, Energy |
| Angelwise | 1 | Belgium, The Netherlands | Seed, Series A | Software, SaaS, Data Integration |

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