SFPIM (Société Fédérale de Participations et d'Investissement) is Belgium's federal holding and investment company, often described as the country's sovereign wealth fund. It manages the Belgian federal government's shareholdings, invests in companies with strategic socio-economic value, and provides smart capital to Belgian SMEs and scale-ups across life sciences, finance, aviation, energy, and mobility.
Deal activity increased 150% year-over-year (5 deals in the last 12 months). Average disclosed round size is $90.2M (across 12 rounds with reported amounts).
Portfolio
24
Fund Size
$18B
Top Stage
Series A
Last 12 Mo
5
Team
Christophe Tits
HR Business Partner
Michiel Verheyden
Investment analyst
Céline Vaessen
Chief investment officer
Christophe Denis
Investment Manager
Christophe Madam
Investment Manager
Denis Ronday
Investment Manager
Elisa Spadaro
Investment Manager
Etienne Lauwereys
Investment Manager
François Fontaine
Investment Manager
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 e-Peas | Seed | $22M | Jul 2026 |
 Axelera AI | Series C | — | Feb 2026 |
| AAidoptation | Unknown | — | Dec 2025 |
 Resortecs | Series A | — | Nov 2025 |
 MRM Health | Series B | — | Sep 2025 |
 Swave Photonics | Series A | — | Jan 2025 |
 Fyteko | Series B | — | Jan 2025 |
 ATB Therapeutics | Series A | — | Nov 2024 |
 Profinpar Fund | Unknown | — | Oct 2024 |
| Axelera AI | Series B | $68M | Jun 2024 |
 Qpinch | Growth | — | May 2024 |
 MICLEDI MICRODISPLAYS BV | Series A | — | Mar 2024 |
| AAboleris Holdco | Series A | — | Sep 2023 |
 Aphea.bio | Series C | — | Jul 2023 |
| CCosucra | Unknown | $45M | Jan 2023 |
| AAxelera | Series A | $50M | Dec 2022 |
| Axelera AI | Series A | $27M | Oct 2022 |
 Magnax | Series B | — | Aug 2022 |
| Magnax | Unknown | — | Jan 2022 |
 Soil Capital | Series B | — | — |
 D-CRBN | Series A | — | — |
| Axelera AI | Growth | $250M | — |
| AAxelera | Growth | $250M | — |
| BBlue Foot | Growth | — | — |
| AAxelera AI B.V. | Growth | $250M | — |
Top Co-Investors
Last updated: 7 October 2026