# Top 50 SaaS VC (Venture Capital) Funds in Belgium in May 2026

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| PMV | 48 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care |
| Volta Ventures | 33 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Software, Information Technology, Artificial Intelligence |
| Limburgse Reconversie Maatschappij | 31 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| WING by Digital Wallonia | 21 | Belgium | Seed, Convertible Note, Series A | Software, Health Care, Internet |
| Fortino Capital | 16 | Belgium, The Netherlands, France | Series A, Seed | Software, Information Technology, SaaS |
| LeanSquare | 15 | Belgium, France, United States | Seed, Series A | Software, Music, Internet |
| Capricorn Partners | 15 | Belgium, United States, The Netherlands | Series B, Series A | Biotechnology, Health Care, Software |
| Qbic Fund | 15 | Belgium | Seed, Series A | Biotechnology, Software, Health Care |
| SmartFin | 13 | Belgium, The Netherlands, Finland | Series B, Series A | Software, SaaS, Analytics |
| S.R.I.W. | 12 | Belgium, United States, Spain | Series A, Series B | Health Care, Biotechnology, Manufacturing |
| Pitchdrive | 12 | Belgium, United Kingdom, The Netherlands | Pre-Seed, Seed, Series A | Software, SaaS, Information Technology |
| Ark Angels Activator Fund | 12 | Belgium | Series A, Seed | Software, Information Technology, SaaS |
| Flanders Innovation and Entrepreneurship (VLAIO) | 11 | Belgium, Israel, Germany | Grant, Pre-Seed, Seed | Biotechnology, Health Care, Artificial Intelligence |
| Sambrinvest | 10 | Belgium, France, Spain | Seed, Series A, Series B | Biotechnology, Health Care, Information Technology |
| Belfius Bank | 10 | Belgium | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| Inventures SA | 9 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Manufacturing, Biotechnology |
| Seeder Fund | 9 | Belgium, Luxembourg | Seed, Series A, Pre-Seed | Software, Information Technology, Financial Services |
| Be Angels | 9 | Belgium, France, Spain | Seed, Pre-Seed | Software, Information Technology, SaaS |
| The Faktory Fund | 8 | Belgium, France, United States | Seed, Pre-Seed | Software, Information Technology, Manufacturing |
| Meusinvest (Noshaq) | 8 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical |
| Newion | 8 | The Netherlands, Belgium, Sweden | Series A, Seed | Software, SaaS, Information Technology |
| Gimv | 8 | Belgium, United States, France | Series B, Private Equity | Biotechnology, Health Care, Medical |
| Finance.Brussels | 7 | Belgium, France | Seed, Series A | Software, CleanTech, Information Technology |
| The CoFoundry | 7 | Belgium, The Netherlands, United States | Seed, Series A | Software, Network Security, SaaS |
| Innovation Fund | 7 | Belgium, France, Luxembourg | Seed, Series A | Health Care, Manufacturing, Software |
| Peak | 7 | The Netherlands, Germany, Belgium | Seed, Pre-Seed | Software, SaaS, E-Commerce |
| Gemma Frisius Fund | 7 | Belgium, France | Seed, Series B, Series A | Biotechnology, Health Care, Therapeutics |
| Big Bang Ventures | 6 | Belgium, The Netherlands, United States | Series A, Series B | Software, Cloud Computing, Apps |
| KBC | 6 | Belgium, United States, Luxembourg | Seed, Series A, Series B | Biotechnology, Health Care, Software |
| ING Group | 6 | United Kingdom, Belgium, United States | Debt Financing, Series B | FinTech, Renewable Energy, Energy |
| KPN Ventures | 5 | The Netherlands, Belgium, Germany | Series A, Series B, Seed | Software, Internet of Things, Information Technology |
| E-Merge | 5 | United States, Belgium, Spain | Seed, Series A | Software, SaaS, E-Commerce |
| Saffelberg Investments | 5 | Belgium | Series A, Seed | Software, Fashion, E-Commerce |
| BNP Paribas Fortis | 5 | Belgium, United States, Germany | Debt Financing, Series B | Biotechnology, Logistics, Software |
| Hummingbird Ventures | 5 | United States, Turkey, United Kingdom | Series A, Seed, Series B | Software, E-Commerce, Financial Services |
| Angelwise | 5 | Belgium, The Netherlands | Seed, Series A | Software, SaaS, Data Integration |
| Pamica NV | 4 | Belgium, Germany, United States | Seed, Series A | FinTech, Finance, Financial Services |
| Lean FUND | 4 | Belgium, United States, France | Seed, Series B | Internet, Apps, Software |
| Theodorus III | 4 | Belgium, Canada, France | Seed, Series A | Health Care, Life Science, Medical |
| SoFi | 4 | Belgium, Brazil, United States | Series A, Seed | Apps, Biotechnology, Information Technology |
| Allegro Investment Fund | 4 | Belgium, United States, The Netherlands | Series A, Series B | Software, Hardware, Apps |
| b2venture (formerly btov Partners) | 4 | Germany, Switzerland, United Kingdom | Series A, Seed, Series B | Software, Health Care, Information Technology |
| Baekeland Funds | 4 | Belgium | Series B, Series C | Biotechnology, Hardware, Software |
| Sniper Investments | 3 | Belgium, The Netherlands | Seed, Series A | Software, CRM, Video |
| Axeleo Capital | 3 | France, Canada, Norway | Seed, Series A | Software, Information Technology, SaaS |
| Brustart | 3 | Belgium | Seed, Series A | Big Data, Internet, Software |
| Green Park Investment Partners | 3 | Belgium | Seed, Series A | Information Technology, Real Estate, CRM |
| KBC Focus Fund | 3 | Belgium, The Netherlands, Luxembourg | Seed, Series A | Electronics, Semiconductor, Manufacturing |
| XAnge | 3 | France, Germany, United States | Series A, Seed, Series B | Software, SaaS, Information Technology |
| Korys | 3 | Belgium, The Netherlands, India | Series A, Series B | Biotechnology, Information Technology, E-Commerce |

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