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 12 cities, with 42 investment firms tracked by Goldilocks AI. The largest hubs are Brussels (20), Antwerp (4), Ghent (4).
Healthcare dominates the investment landscape in Belgium, with 54% of investment firms focused on this sector.
Belgium is a particularly strong hub for early-stage investing, with over 88% of investment firms active at the Seed or Pre-Seed stage.
Last updated: 20 October 2026
Investment Firms
42
Total Investments
1,247
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 (52%) investing in the space. This is followed by Biotech & Life Sciences (16), Climate & Energy (16), Food & Agriculture (14), AI (12).
Investment Stages in Belgium
Belgium investment firms are most active at the Series A stage (38 investment firms). This is followed by Seed (36), Series B (32), Growth (25), Pre-Seed (17).
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 (42)
Showing 1–36 of 42 investment firms
European Innovation Council (EIC)
Brussels, Belgium
231 investments
Series A, Seed
AI, Biotech & Life Sciences, Climate & Energy …
PMV
Brussels, Belgium
78 investments
Series A, Series B
Biotech & Life Sciences, Climate & Energy, Enterprise Software …
Sofina
Brussels, Belgium
65 investments
Series C, Series B
Consumer, Education, Food & Agriculture …
Hummingbird Ventures
Antwerp, Belgium
60 investments
Series A, Series B
AI, Biotech & Life Sciences, E-Commerce & Marketplace …
Gimv
Antwerp, Belgium
52 investments
Series B, Series C
Consumer, Healthcare, Manufacturing …
imec.istart
Ghent, Belgium
45 investments
Seed, Growth
Hardware & Semiconductors, AI, Healthcare …
Noshaq
Liège, Belgium
42 investments
Series A, Seed
Biotech & Life Sciences, Consumer, Climate & Energy …
Fortino Capital
Antwerp, Belgium
41 investments
Series A, Seed
SaaS, AI, Enterprise Software
Qbic
St-Denijs-Westrem, Belgium
39 investments
Seed, Series A
Biotech & Life Sciences, Healthcare, Enterprise Software …
Pitchdrive
Antwerp, Belgium
38 investments
Seed, Pre Seed
AI, Developer Tools, Consumer …
imec.xpand
Leuven, Belgium
37 investments
Series A, Series B
Hardware & Semiconductors, AI, Biotech & Life Sciences …
Fund+
Leuven, Belgium
37 investments
Series B, Series A
Biotech & Life Sciences, Healthcare
European Commission
Brussels, Belgium
37 investments
Seed, Series A
AI, Biotech & Life Sciences, Climate & Energy …
Verlinvest
Brussels, Belgium
34 investments
Series A, Series B
Consumer, Food & Agriculture, Healthcare
Wallonie Entreprendre
Liège, Belgium
29 investments
Seed, Series A
Biotech & Life Sciences, Manufacturing, Enterprise Software …
Korys
Halle, Belgium
28 investments
Series B, Series A
Consumer, Climate & Energy, Healthcare
Smartfin
Brussels, Belgium
26 investments
Series A, Series B
Enterprise Software, Fintech, SaaS …
SFPIM
Brussels, Belgium
25 investments
Series A, Growth
Biotech & Life Sciences, Healthcare, Infrastructure & Cloud …
UCB
Brussels, Belgium
24 investments
Series A, Series B
Biotech & Life Sciences, Healthcare
Syndicate One
Brussels, Belgium
21 investments
Seed, Pre Seed
Enterprise Software, Cybersecurity, Fintech …
Entourage
Ghent, Belgium
20 investments
Seed, Series A
SaaS, Enterprise Software, AI …
Tioga Capital
Brussels, Belgium
18 investments
Series A, Seed
Crypto & Web3
VIB
Ghent, Belgium
18 investments
Series A, Series B
Biotech & Life Sciences, Healthcare, Food & Agriculture
Seeder
Brussels, Belgium
16 investments
Seed, Pre Seed
SaaS, Fintech, Enterprise Software …
Finindus
Zelzate, Belgium
15 investments
Series A, Series B
Manufacturing, Hardware & Semiconductors, Climate & Energy …
Bioqube Ventures
Brussels, Belgium
15 investments
Seed, Series A
Biotech & Life Sciences, Healthcare
ScaleFund
Brussels, Belgium
13 investments
Seed, Pre Seed
Climate & Energy, SaaS
Gemma Frisius Fund
Leuven, Belgium
13 investments
Series B, Series A
Healthcare, Food & Agriculture, Mobility & Transportation …
Newton Biocapital
Brussels, Belgium
13 investments
Series A, Series B
Biotech & Life Sciences, Healthcare
Amavi Capital
Eke, Belgium
12 investments
Series A, Series B
PropTech, Construction
Edaphon
Brussels, Belgium
12 investments
Series A, Series B
Food & Agriculture, Climate & Energy, Biotech & Life Sciences
EIT Food
Leuven, Belgium
11 investments
Series A, Seed
Food & Agriculture
LeanSquare
Liège, Belgium
11 investments
Seed, Series A
Gaming, Media & Entertainment, Consumer
BNP Paribas Fortis Private Equity
Brussels, Belgium
11 investments
Series A, Series B
KBC Focus Fund
Brussels, Belgium
10 investments
Seed, Series A
Manufacturing, Data & Analytics
VIVES Partners
Wavre, Belgium
10 investments
Series A, Seed
Biotech & Life Sciences, Healthcare, Food & Agriculture
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