# Top 10 Retail VC (Venture Capital) Funds 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

## 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.

## 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.

## 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.

## LeanSquare
- Type: VC Fund
- Location: Liège, Liege, Belgium
- Relevant deals: 1
- Stages: Seed, Series A
- Focus: Software, Music, Internet

New Economy Startups Investor & Accelerator

## 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.

## 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.

## 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.

## 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.

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