Investment Firms in Belgium
Belgium's venture capital ecosystem builds on a strong tradition of university research and public-private partnerships, particularly in life sciences and deep tech. Government-backed initiatives and regional funds in hubs like Leuven, Ghent, and Brussels actively support the translation of research into commercial ventures. Later-stage funding, especially for Series A and Series B rounds in healthcare and climate tech, is a notable characteristic of the landscape.
Belgium has a deep venture capital ecosystem spanning 11 cities, with 40 investment firms tracked by Goldilocks AI. The largest hubs are Brussels (19), Antwerp (4), Ghent (4).
Healthcare dominates the investment landscape in Belgium, with 56% of investment firms focused on this sector.
Belgium is a particularly strong hub for early-stage investing, with over 90% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 9 September 2026
Investment Firms
40
Total Investments
1,012
Top Sector
Biotech & Life Sciences
Top Stage
Series A
Top Investment Sectors in Belgium
The most popular sector focus among Belgium investment firms is Healthcare, with 22 investment firms (55%) investing in the space. This is followed by Biotech & Life Sciences (16), Climate & Energy (15), Food & Agriculture (13), AI (11).
Investment Stages in Belgium
Belgium investment firms are most active at the Seed stage (35 investment firms). This is followed by Series A (34), Series B (29), Growth (25), Pre-Seed (18).
Where they are
Each circle is a city; its area is the number of investment firms based there, and darker circles hold more.
Browse by City
All Investment Firms (40)
Showing 1–36 of 40 investment firms
European Innovation Council (EIC)
Brussels, Belgium
196 investments
Series A, Seed
AI, Biotech & Life Sciences, Climate & Energy …
PMV
Brussels, Belgium
70 investments
Series A, Seed
Biotech & Life Sciences, Climate & Energy, Enterprise Software …
Fund+
Leuven, Belgium
58 investments
Seed, Series A
Biotech & Life Sciences, Healthcare
imec.istart
Ghent, Belgium
52 investments
Seed, Growth
Hardware & Semiconductors, AI, Healthcare …
Sofina
Brussels, Belgium
50 investments
Series D, Series C
Consumer, Education, Food & Agriculture …
Hummingbird Ventures
Antwerp, Belgium
49 investments
Series A, Series B
AI, Biotech & Life Sciences, E-Commerce & Marketplace …
Gimv
Antwerp, Belgium
40 investments
Series B, Series C
Consumer, Healthcare, Manufacturing …
Fortino Capital
Antwerp, Belgium
36 investments
Series A, Seed
SaaS, AI, Enterprise Software
imec.xpand
Leuven, Belgium
34 investments
Series A, Series B
Hardware & Semiconductors, AI, Biotech & Life Sciences …
Qbic
St-Denijs-Westrem, Belgium
31 investments
Seed, Series A
Biotech & Life Sciences, Healthcare, Enterprise Software …
Pitchdrive
Antwerp, Belgium
28 investments
Seed, Pre Seed
AI, Developer Tools, Consumer …
Noshaq
Liège, Belgium
28 investments
Seed, Series A
Biotech & Life Sciences, Consumer, Climate & Energy …
Verlinvest
Brussels, Belgium
26 investments
Series A, Series C
Consumer, Food & Agriculture, Healthcare
Smartfin
Brussels, Belgium
23 investments
Series A, Seed
Enterprise Software, Fintech, SaaS …
Wallonie Entreprendre
Liège, Belgium
23 investments
Series A, Seed
Biotech & Life Sciences, Manufacturing, Enterprise Software …
Entourage
Ghent, Belgium
19 investments
Seed, Pre Seed
SaaS, Enterprise Software, AI …
UCB
Brussels, Belgium
17 investments
Series B, Series A
Biotech & Life Sciences, Healthcare
Syndicate One
Brussels, Belgium
16 investments
Seed, Pre Seed
Enterprise Software, Cybersecurity, Fintech …
Seeder
Brussels, Belgium
16 investments
Seed, Pre Seed
SaaS, Fintech, Enterprise Software …
Finindus
Zelzate, Belgium
16 investments
Series A, Series B
Manufacturing, Hardware & Semiconductors, Climate & Energy …
SFPIM
Brussels, Belgium
15 investments
Series A, Series B
Biotech & Life Sciences, Healthcare, Infrastructure & Cloud …
Korys
Halle, Belgium
15 investments
Series B, Growth
Consumer, Climate & Energy, Healthcare
Tioga Capital
Brussels, Belgium
13 investments
Series A, Seed
Crypto & Web3
Newton Biocapital
Brussels, Belgium
13 investments
Series A, Series B
Biotech & Life Sciences, Healthcare
ScaleFund
Brussels, Belgium
11 investments
Seed, Pre Seed
Climate & Energy, SaaS
Amavi Capital
Eke, Belgium
11 investments
Series A, Series B
PropTech, Construction
Edaphon
Brussels, Belgium
11 investments
Series A, Series B
Food & Agriculture, Climate & Energy, Biotech & Life Sciences
European Commission
Brussels, Belgium
11 investments
Seed
AI, Biotech & Life Sciences, Climate & Energy …
VIB
Ghent, Belgium
11 investments
Series B, Seed
Biotech & Life Sciences, Healthcare, Food & Agriculture
EIT Food
Leuven, Belgium
10 investments
Seed, Series A
Food & Agriculture
Bioqube Ventures
Brussels, Belgium
10 investments
Series A, Seed
Biotech & Life Sciences, Healthcare
KBC Focus Fund
Brussels, Belgium
9 investments
Series A, Seed
Manufacturing, Data & Analytics
Gemma Frisius Fund
Leuven, Belgium
7 investments
Seed, Series A
Healthcare, Food & Agriculture, Mobility & Transportation …
BNP Paribas Fortis Private Equity
Brussels, Belgium
7 investments
Series A, Series C
SPDG
Brussels, Belgium
7 investments
Growth, Seed
Mobility & Transportation, Climate & Energy, Infrastructure & Cloud …
Miles Ahead
Ghent, Belgium
6 investments
Seed, Growth
AI, Robotics & Automation
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