Top 10 Retail VC Funds & Investors in Belgium (May 2026)
For AI agents: Short investor table (Markdown), Detailed investor list (Markdown)
| Investor | Relevant Deals | Geography | Stage | Focus | Round Size |
|---|---|---|---|---|---|
|
Limburgse Reconversie Maatschappij
VC Fund
|
3 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology | $482k–$11M |
|
PMV
VC Fund
|
2 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care | $500k–$26M |
|
BNP Paribas Fortis
VC Fund
|
1 | Belgium, United States, Germany | Debt Financing, Series B | Biotechnology, Logistics, Software | $9.6M–$2B |
|
Force Over Mass Capital
VC Fund
|
1 | United Kingdom, United States, Germany | Seed, Series A | Software, Information Technology, FinTech | $328k–$18M |
|
ING Group
VC Fund
|
1 | United Kingdom, Belgium, United States | Debt Financing, Series B | FinTech, Renewable Energy, Energy | $15M–$1.6B |
|
LeanSquare
VC Fund
|
1 | Belgium, France, United States | Seed, Series A | Software, Music, Internet | $200k–$11M |
|
ETF Partners
VC Fund
|
1 | United Kingdom, France, Norway | Series B, Series A | Software, Renewable Energy, Information Technology | $5.4M–$13M |
|
Korys
VC Fund
|
1 | Belgium, The Netherlands, India | Series A, Series B | Biotechnology, Information Technology, E-Commerce | $4.6M–$21M |
|
Optiver
VC Fund
|
1 | United States, Belgium, The Netherlands | Series A, Series C | FinTech, Stock Exchanges, Trading Platform | $3.5M–$35M |
|
Vendis Capital
VC Fund
|
1 | The Netherlands, Belgium, France | Private Equity | Retail, E-Commerce, Manufacturing | |
| Access all 22 VC funds in Belgium Retail startups. | |||||
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Oxygen for growth - LRM
Show more...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.
Do and dare company
Show more...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.
BNP Paribas Fortis is a bank that provides personal and business banking services.
Show more...Investment focus
- Industry: Biotechnology, Logistics, Software
- Stage:Debt Financing, Series B
- Geography: Belgium, United States, Germany
Investor stats
- Total investments: 19
- Round size: Series B $9.6M–$17M; Debt Financing $100M–$2B
- Lead/follow: 15% lead, 85% follow
Portfolio highlights
- Aircastle — Aircastle is a global company that acquires, leases and sells high-utility commercial jet aircraft to customers throughout the world. High-utility aircraft are generally modern, operationally efficient jets with a large operator base and long useful lives. As of December 31, 2013, Aircastle's aircraft portfolio consisted of 162 aircraft onlease with 64 customers located in 37 countries. From time to time, we also make investments in other aviation assets, including debt securities secured by commercial jet aircraft.Their business is managed by a team of aviation professionals with extensive industry experience. Through servicing offices in the US, Ireland and Singapore, they provide their airline customers with an exceptional level of service and their investors with global coverage and local market knowledge. Aircastle employs a balanced approach to investment and capitalization, factoring in industry cyclicality and other global and regional market dynamics. They focus on a long-term investment horizon. Their diversified fleet includes Boeing and Airbus narrow and mid-body aircraft including both passenger and freighter applications. Their professionals have extensive experience with aircraft finance, leasing and investment management.
- MobieTrain — The mobile microlearning platform of Mobietrain improves knowledge retention with personalised, gamified learning to boost your sales.
- Global Infrastructure Partners (GIP) — A leading global, independent infrastructure fund manager.
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.
Show more...Investment focus
- Industry: Software, Information Technology, FinTech
- Stage:Seed, Series A
- Geography: United Kingdom, United States, Germany
Investor stats
- Total investments: 149
- Round size: Seed $328k–$3M; Series A $2.5M–$18M
- Lead/follow: 23% lead, 77% follow
- Last fund: May invest from a new fund soon — last raise in 2020
Portfolio highlights
- Barte — VBarte is a benchmark for B2B interactions. They designed it to automate payment procedures in Latin America. They optimize cash flow management for small and midsize enterprises through automated payments and revenue-based financing, enabling users to get easy access to financial metrics and credit payments.
- CUR8 — Even if we do everything else right on reducing emissions, the world still needs to remove up to 220 Gigatonnes of carbon from the atmosphere by 2050
- SuperFi — SuperFi Finance is a financial application that provides personalized debt support. The company was founded in 2021 and is based in London, England.
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.
Show more...Investment focus
- Industry: FinTech, Renewable Energy, Energy
- Stage:Debt Financing, Series B
- Geography: United Kingdom, Belgium, United States
Investor stats
- Total investments: 71
- Round size: Series B $15M–$160M; Debt Financing $25M–$1.6B
- Lead/follow: 29% lead, 71% follow
Portfolio highlights
- metrofibre — metrofibre is a fiber-optic network service provider. Its network design is based on point-to-point routing for each household and user. Their projects are financed by private infrastructure investors in the form of public-private partnerships.
- Quadria Capital — Quadria Capital is a healthcare focused private equity fund that invests in the high growth healthcare sector of some of the world's fastest growing economies in South Asia and Southeast Asia. Quadria Capital aims to generate significant financial returns for its investors by leveraging the team's operational and transactional experiencein healthcare to invest in high quality and scalable healthcare organizations to address the critical and undersupplied healthcare needs in the region.
- Ashtrom Renewable Energy — Ashtrom Renewable Energy offers breakthrough Israeli innovation alongside the robust financial backing and credibility of Ashtrom Group.
New Economy Startups Investor & Accelerator
Show more...Investment focus
- Industry: Software, Music, Internet
- Stage:Seed, Series A
- Geography: Belgium, France, United States
Investor stats
- Total investments: 31
- Round size: Seed $200k–$1.4M; Series A $242k–$11M
- Lead/follow: 35% lead, 65% follow
Portfolio highlights
- Zapfloor — Zapfloor is the number one workspace management software for coworking spaces, serviced offices and corporate workspaces in Europe.
- ClimateCamp — Looking for a sustainable way to collaborate with your suppliers on emissions reduction projects? Look no further than our platform - Book a demo for free!
- Streamforge — Streamforge is the technology-first, turnkey solution for all of your influencer marketing needs.
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.
Show more...Investment focus
- Industry: Software, Renewable Energy, Information Technology
- Stage:Series B, Series A
- Geography: United Kingdom, France, Norway
Investor stats
- Total investments: 71
- Round size: Series A $6M–$13M; Series B $5.4M–$11M
- Lead/follow: 44% lead, 56% follow
- Last fund: May invest from a new fund soon — last raise in 2020
Portfolio highlights
- Zeelo — Travel to major events, festivals, cities and many more in comfy coaches with Zeelo. Book your seat now.
- Open Cosmos — Driven by the vision of making space accessible to anyone, Open Cosmos provides simple and affordable space missions.Open Cosmos went from design to delivery of qb01, their first nanosatellite, in only four months, followed by a launch and deployment in LEO early April 2017. They are currently working with innovative payload developers towardsin-orbit demonstration and constellation deployment to enable services ranging from remote sensing to maritime domain awareness and machine-to-machine communications.
- Eagle Genomics — Unlocking radical innovation by enabling the conversation between microbiome data and the scientist
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.
Show more...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
As a global market maker, Optiver works to make the world's markets fairer, more transparent and more efficient for everyone.
Show more...Investment focus
- Industry: FinTech, Stock Exchanges, Trading Platform
- Stage:Series A, Series C
- Geography: United States, Belgium, The Netherlands
Investor stats
- Total investments: 5
- Round size: Series A $3.5M–$35M
- Lead/follow: 0% lead, 100% follow
Portfolio highlights
- Auros — We develop world class technology to implement arbitrage and other trading strategies within the crypto space.
- Paradigm — Paradigm is the largest institutional liquidity network in crypto. Trade large and complex BTC and ETH derivatives settled at any venue, all with zero fees!
- Sk3w Technologies — Sk3w Technologies specializes in providing exchange access solutions.
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.
Show more...Investment focus
- Industry: Retail, E-Commerce, Manufacturing
- Stage:Private Equity
- Geography: The Netherlands, Belgium, France
Investor stats
- Total investments: 11
- Lead/follow: 91% lead, 9% follow
- Last fund: May invest from a new fund soon — last raise in 2019
Portfolio highlights
- Sylphar — Karo Healthcare offers a portfolio of everyday healthcare products and services that help prevent illness and treat health problems.
- Kamera Express — Kamera Express - De Kamera Superstore voor Foto, Video, Objectieven, Lenzen, Accessoires en toebehoren, Studio en Licht, Verrekijkers, Telescopen, Computer, Media en meer
- Pink Gellac — Pink Gellac is a digital native and direct-to-consumer premium nail polish brand with a distinctive colour offering. Pink Gellac is known for its distinctive on-trend colour offering and its salon-like quality.
Retail VC funding in Belgium at a glance
Stats across 18 deals from 22 investors.
Access all 22 VC funds in Belgium Retail startups.
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