# Top 10 Retail VC (Venture Capital) Funds 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 |
| BNP Paribas Fortis | 1 | Belgium, United States, Germany | Debt Financing, Series B | Biotechnology, Logistics, Software |
| Force Over Mass Capital | 1 | United Kingdom, United States, Germany | Seed, Series A | Software, Information Technology, FinTech |
| ING Group | 1 | United Kingdom, Belgium, United States | Debt Financing, Series B | FinTech, Renewable Energy, Energy |
| LeanSquare | 1 | Belgium, France, United States | Seed, Series A | Software, Music, Internet |
| ETF Partners | 1 | United Kingdom, France, Norway | Series B, Series A | Software, Renewable Energy, Information Technology |
| Korys | 1 | Belgium, The Netherlands, India | Series A, Series B | Biotechnology, Information Technology, E-Commerce |
| Optiver | 1 | United States, Belgium, The Netherlands | Series A, Series C | FinTech, Stock Exchanges, Trading Platform |
| Vendis Capital | 1 | The Netherlands, Belgium, France | Private Equity | Retail, E-Commerce, Manufacturing |

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