# Limburgse Reconversie Maatschappij: portfolio, investments and team

> Limburgse Reconversie Maatschappij is a vc firm based in Belgium. 32 investments on record, 2 in the last 12 months, latest Jul 2026.

Source: https://millionrounds.com/fund/limburgse-reconversie-maatschappij (Millionrounds; every figure on the page links to its filing or article)

Belgium · [Investor](https://millionrounds.com/investors)

# Limburgse Reconversie Maatschappij

Last cheque observed Jul 2026; 32 cheques on record.

Deploying now VC firm

Venture Seed Series A Data Integration Medical Device

Deploying now

**50%** of best year **2** **cheques in 12 months**, 32 on record

Since the last cheque **118** days **00** hrs **00** min **00** sec

Median round **$2.3M** Rounds led **1 of 32** Sole investor **17 rounds** Mostly in **Belgium, 92%**

Pitch Limburgse Reconversie Maatschappij

## Limburgse Reconversie Maatschappij highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Venture and Seed: 80% of its rounds
- 03 Sole investor in 17 rounds, median $2.1M

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Data Integration Medical Device
- **Based in:** Belgium
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **32 appearances**

- **2026** 1 round
- **Jul** **[Optiflux](https://millionrounds.com/company/optiflux)** Seed · BE **$2.9M** Sole investor
- **2025** 4 rounds
- **Dec** **[Aidoptation](https://millionrounds.com/company/aidoptation)** Series A · BE **$23M** Sole investor
- **Sept** **[Monsana](https://millionrounds.com/company/monsana)** Pre-seed · BE **$590K** Sole investor
- **Jan** **[Hyperfox](https://millionrounds.com/company/hyperfox)** Seed · BE **$2.3M** With 1 other
- **Jan** **[ADLC](https://millionrounds.com/company/adlc)** Seed · BE **$2.2M** Sole investor
- **2024** 2 rounds
- **Jul** **[FlexGRIP](https://millionrounds.com/company/flexgrip)** Venture · BE **$11M** Sole investor
- **May** **[FibriCheck](https://millionrounds.com/company/fibricheck)** Venture · BE **Undisclosed** With 2 others
- **2023** 3 rounds
- **Dec** **[Raw Stadia](https://millionrounds.com/company/raw-stadia)** Seed · BE **$1.6M** Sole investor
- **Oct** **[xyzt.ai](https://millionrounds.com/company/xyzt-ai)** Seed · BE **$1.1M** Sole investor
- **Jan** **[Luzmo](https://millionrounds.com/company/luzmo)** Series A · BE **$11M** With 2 others
- **2022** 7 rounds
- **Dec** **[Classified Cycling](https://millionrounds.com/company/classified-cycling)** Venture · BE **$23M** With 1 other
- **Dec** **[MyCellHub](https://millionrounds.com/company/mycellhub)** Venture · BE **$2.1M** Sole investor
- **Oct** **[MobieTrain](https://millionrounds.com/company/mobietrain)** Series B · BE **$9.0M** With 3 others
- **Aug** **[Qviro](https://millionrounds.com/company/qviro)** Seed · BE **$1.0M** Sole investor
- **Aug** **[Aerial Precision](https://millionrounds.com/company/aerial-precision)** Seed · NL **$758K** Sole investor
- **May** **[Solithor](https://millionrounds.com/company/solithor)** Seed · BE **$10M** Sole investor
- **Jan** **[Timeseer.AI](https://millionrounds.com/company/timeseer-ai)** Seed · BE **$6.0M** With 2 others
- **2021** 2 rounds
- **Jun** **[Kwarts](https://millionrounds.com/company/kwarts)** Venture **$1.4M** With 1 other
- **Mar** **[Ambassify](https://millionrounds.com/company/ambassify)** Venture **$2.4M** Sole investor
- **2020** 1 round
- **Aug** **[Enervalis](https://millionrounds.com/company/enervalis)** Series A **$3.3M** With 1 other
- **2019** 1 round
- **Jun** **[Arkite](https://millionrounds.com/company/arkite)** BE · Capricorn Partners **$1.7M** *Led*
- **2016** 1 round
- **Sept** **[Hammer-IMS](https://millionrounds.com/company/hammer-ims)** Seed **$898K** Sole investor
- **2015** 2 rounds
- **May** **[Re:Store](https://millionrounds.com/company/re-store)** Venture **$7.8M** Sole investor
- **Mar** **[Silicon Line GmbH](https://millionrounds.com/company/silicon-line-gmbh)** Venture · DE **$6.7M** Sole investor
- **2013** 2 rounds
- **Jan** **[Amakem](https://millionrounds.com/company/amakem)** Venture **Undisclosed** With 2 others
- **Jan** **[FF Pharma](https://millionrounds.com/company/ff-pharma)** Series A **$5.3M** With 1 other
- **2012** 1 round
- **Nov** **[Niceberg Studios](https://millionrounds.com/company/niceberg-studios)** Seed **$1.1M** Sole investor
- **2011** 1 round
- **Jul** **[EpiGaN](https://millionrounds.com/company/epigan)** Venture · BE · finsmes.com **$5.7M** With 3 others
- **2010** 1 round
- **Dec** **[Ducatt](https://millionrounds.com/company/ducatt)** Venture · BE · finsmes.com **$26M** With 1 other
- **2008** 2 rounds
- **Nov** **[Aristo Music Technology](https://millionrounds.com/company/aristo-music-technology)** Venture · BE **$3.4M** With 3 others
- **Jun** **[Visys](https://millionrounds.com/company/visys)** Series C · BE **$2.4M** With 2 others
- **2006** 1 round
- **May** **[Ideaxis](https://millionrounds.com/company/ideaxis)** Venture · BE **$382K** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **4** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## The cheque

Venture Seed Series A

Median round joined **$2.3M** the round, not its cheque Alone, median **$2.1M**

Led 1 of 32 rounds **3%**

- **Sole investor:** 17 rounds
- **Last cheque:** Jul 2026

Rounds by stage said on their site

- Venture *13*
- Seed *11*
- Series A *4*
- Series B *1*
- Series C *1*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Volta Ventures](https://millionrounds.com/fund/volta-ventures) 3
- [Capricorn Partners](https://millionrounds.com/fund/capricorn-partners) 2
- [Fortino Capital](https://millionrounds.com/fund/fortino-capital) 2

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## Who they invest alongside

The investors most often in the same rounds as Limburgse Reconversie Maatschappij. A count of rooms they were both in, not a relationship either has claimed.

[**Volta Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/volta-ventures)[**Capricorn Partners** VC firm **2** rounds together](https://millionrounds.com/fund/capricorn-partners)[**Fortino Capital** VC firm **2** rounds together](https://millionrounds.com/fund/fortino-capital)

## Recently backed

The latest companies Limburgse Reconversie Maatschappij put money into.

[**Optiflux** $2.9M · Jul 2026](https://millionrounds.com/company/optiflux)[**Aidoptation** $23M · Dec 2025](https://millionrounds.com/company/aidoptation)[**Monsana** $590K · Sept 2025](https://millionrounds.com/company/monsana)[**Hyperfox** $2.3M · Jan 2025](https://millionrounds.com/company/hyperfox)[**ADLC** $2.2M · Jan 2025](https://millionrounds.com/company/adlc)[**FibriCheck** May 2024](https://millionrounds.com/company/fibricheck)

## Quick answers about Limburgse Reconversie Maatschappij

### What does Limburgse Reconversie Maatschappij invest in?

Limburgse Reconversie Maatschappij invests most often at Venture and Seed (80% of the rounds on record), in sectors such as Data Integration and Medical Device.

### How active is Limburgse Reconversie Maatschappij?

32 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in Jul 2026.

### What has Limburgse Reconversie Maatschappij invested in recently?

Its most recent investments on record: Optiflux (Seed, Jul 2026), Aidoptation (Series A, Dec 2025) and Monsana (Pre-seed, Sept 2025).

### How big are Limburgse Reconversie Maatschappij's cheques?

The median round it joins is $2.3M.

### Does Limburgse Reconversie Maatschappij lead rounds?

Sometimes: it led 1 of its 32 investments on record (3%).

### Where does Limburgse Reconversie Maatschappij invest?

Most of the companies it backs are in Belgium (92%).

### Is Limburgse Reconversie Maatschappij investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

### Who does Limburgse Reconversie Maatschappij invest alongside?

Most often Volta Ventures (3 rounds together), Capricorn Partners (2 rounds together) and Fortino Capital (2 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=limburgse-reconversie-maatschappij) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=limburgse-reconversie-maatschappij)