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

| Investor | Relevant Deals | Geography | Stage | Focus |
| --- | --- | --- | --- | --- |
| PMV | 7 | Belgium, The Netherlands, United States | Series A, Seed | Software, Biotechnology, Health Care |
| Limburgse Reconversie Maatschappij | 3 | Belgium, United States, The Netherlands | Series A, Seed | Information Technology, Software, Biotechnology |
| HCVC | 3 | United States, France, United Kingdom | Seed, Series A, Pre-Seed | Software, Artificial Intelligence, Manufacturing |
| BNP Paribas Fortis | 3 | Belgium, United States, Germany | Debt Financing, Series B | Biotechnology, Logistics, Software |
| The Faktory Fund | 2 | Belgium, France, United States | Seed, Pre-Seed | Software, Information Technology, Manufacturing |
| Meusinvest (Noshaq) | 2 | Belgium, France, Germany | Seed, Series A | Health Care, Biotechnology, Medical |
| Index Ventures | 2 | United States, United Kingdom, France | Series A, Series B, Seed | Software, E-Commerce, Internet |
| Newion | 2 | The Netherlands, Belgium, Sweden | Series A, Seed | Software, SaaS, Information Technology |
| SFPI-FPIM | 2 | Belgium, United States, France | Series B, Series A | Health Care, Biotechnology, Medical |
| Buysse & Partners | 2 | Belgium, United Kingdom, The Netherlands | Series A, Seed | Software, Cloud Computing, FinTech |
| Fortino Capital | 2 | Belgium, The Netherlands, France | Series A, Seed | Software, Information Technology, SaaS |
| Belfius Bank | 2 | Belgium | Seed, Pre-Seed, Series A | Software, SaaS, Artificial Intelligence |
| Greyhound Capital | 2 | United States, India, Japan | Series B, Seed, Series D | FinTech, Financial Services, Banking |
| SPDG | 2 | Belgium, France, Germany | Series B, Seed, Series A | Consumer Electronics, Automotive, Autonomous Vehicles |
| Naxicap Partners | 1 | France, Belgium, United States | Private Equity, Series A | Manufacturing, Software, Retail |
| Torus Capital | 1 | Belgium, Germany, Luxembourg | Seed, Series A | Cannabis, Computer, Software |
| Finindus | 1 | Belgium, Sweden, The Netherlands | Series A, Seed | Manufacturing, Industrial, Renewable Energy |
| Rocket Internet | 1 | Germany, Singapore, United Kingdom | Seed, Series A | E-Commerce, Internet, FinTech |
| Force Over Mass Capital | 1 | United Kingdom, United States, Germany | Seed, Series A | Software, Information Technology, FinTech |
| SmartFin | 1 | Belgium, The Netherlands, Finland | Series B, Series A | Software, SaaS, Analytics |
| Qbic Fund | 1 | Belgium | Seed, Series A | Biotechnology, Software, Health Care |
| 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 |
| Asimov Ventures | 1 | United States, Spain, Canada | Seed, Pre-Seed | 3D Printing, Manufacturing, Medical Device |
| Sambrinvest | 1 | Belgium, France, Spain | Seed, Series B, Series A | Health Care, Biotechnology, Information Technology |
| Space Capital | 1 | United States, Canada, Germany | Series A, Seed, Series B | Aerospace, Space Travel, Satellite Communication |
| DDM Holding AG | 1 | Belgium | Pre-Seed | Waste Management, Information Services, Supply Chain Management |
| Dupont Restauration | 1 | Belgium | Series A | Pet, Food Delivery, Food and Beverage |
| BNP Paribas | 1 | France, United Kingdom, India | Debt Financing, Post-IPO Debt | Financial Services, Information Technology, Software |
| LeanSquare | 1 | Belgium, France, United States | Seed, Series A | Software, Music, Internet |
| Be Angels | 1 | Belgium, France, Spain | Seed, Pre-Seed | Software, Information Technology, SaaS |
| ING Group | 1 | United Kingdom, Belgium, United States | Debt Financing, Series B | FinTech, Renewable Energy, Energy |
| Pitchdrive | 1 | Belgium, United Kingdom, The Netherlands | Pre-Seed, Seed, Series A | Software, SaaS, Information Technology |
| Investlink | 1 | Belgium, United Kingdom, The Netherlands | Series A, Seed, Pre-Seed | Cyber Security, Software, Artificial Intelligence |
| E-Merge | 1 | United States, Belgium, Spain | Seed, Series A | Software, SaaS, E-Commerce |
| Impact Group | 1 | Belgium | Series A | Pet, Food Delivery, Food and Beverage |
| Piton Capital | 1 | Germany, United Kingdom, France | Series A, Series B | E-Commerce, Marketplace, Internet |
| Airborn | 1 | Belgium | Pre-Seed | Waste Management, Information Services, Supply Chain Management |
| Ginion Group | 1 | Belgium | Series A | Rental, Car Sharing |
| Delaware | 1 | Belgium | Pre-Seed | Waste Management, Information Services, Supply Chain Management |
| Enterprise Investment Scheme | 1 | United Kingdom, Belgium |  | Manufacturing, Telecommunications, Service Industry |
| BIG Capital Vietnam | 1 | India, Belgium, United States | Seed | Aerospace, Automotive, Electric Vehicle |
| Valckenier | 1 | Belgium | Series A | Rental, Car Sharing |
| The Group Spadel | 1 | Belgium |  | Service Industry, Food and Beverage, Supply Chain Management |
| Inventures SA | 1 | Belgium, France, United Kingdom | Series A, Seed | Health Care, Manufacturing, Biotechnology |
| Lean FUND | 1 | Belgium, United States, France | Seed, Series B | Internet, Apps, Software |
| SHIFT Invest | 1 | The Netherlands, Belgium, Portugal | Seed, Series A, Series B | Biotechnology, Manufacturing, Information Technology |
| D'Ieteren | 1 | Belgium, Germany | Seed, Series A | Apps, Rental, Sensor |
| Mainport Innovation Fund | 1 | The Netherlands, Belgium, United States | Seed, Series A | Software, Travel, Security |
| Vlerick Group | 1 | Belgium, United Kingdom | Series B, Series A | Automotive, Electric Vehicle, GreenTech |

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