# LRM: portfolio, investments and team > LRM is a vc firm based in Belgium. 15 investments on record, 1 in the last 12 months, latest Dec 2025. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/lrm (Millionrounds; every figure on the page links to its filing or article) Belgium · [Investor](https://millionrounds.com/investors) # LRM Last cheque observed Dec 2025; 15 cheques on record. Email VC firm Deploying now Pre-seed Seed Series A 5g Agnostic Anti-thematic Follow LRM and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Flrm) Deploying now **100%** of best year **1** **cheques in 12 months**, 15 on record Since the last cheque **340** days **00** hrs **00** min **00** sec Median round **$4.2M** Rounds led **0 of 15** Sole investor **5 rounds** Mostly in **Belgium, 67%** Pitch LRM ## LRM highlights - 01 1 cheques in the last 12 months - 02 Mostly Series A and Venture: 64% of its rounds - 03 Sole investor in 5 rounds, median $2.0M ## What they do > LRM is een risicokapitaalverstrekker en biedt smart money aan. From their own website - **Type:** VC firm - **Cheque size:** Not stated - **Stages:** Pre-seed Seed Series A - **Sectors:** 5g Agnostic Anti-thematic - **Based in:** Bredene, Belgium - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **15 appearances** - **2025** 1 round - **Dec** **[Innocens](https://millionrounds.com/company/innocens)** Seed · BE · Firms' own news pages **$1.7M** With 4 others - **2021** 1 round - **Oct** **[DEO](https://millionrounds.com/company/deo)** Series A · BE · Capricorn Partners **$4.2M** With 3 others - **2016** 1 round - **Nov** **[Sparkcentral](https://millionrounds.com/company/sparkcentral)** US · FinSMEs **$20M** Sole investor - **2015** 1 round - **Sept** **[Apitope](https://millionrounds.com/company/apitope)** Series B · GB **$13M** With 4 others - **2013** 2 rounds - **Oct** **[Sparkcentral](https://millionrounds.com/company/sparkcentral)** Series A · US · techcrunch.com **$4.5M** With 6 others - **Sept** **[Mind-NRG](https://millionrounds.com/company/mind-nrg)** Series B · CH · bioportfolio.com **$7.7M** With 1 other - **2012** 1 round - **Jan** **[Sparkcentral](https://millionrounds.com/company/sparkcentral)** Seed · US · standaard.be **$1.1M** With 5 others - **2011** 1 round - **Sept** **[Amakem](https://millionrounds.com/company/amakem)** Series A · BE · prnewswire.com **$25M** With 4 others - **2010** 2 rounds - **Sept** **[D square nv](https://millionrounds.com/company/d-square-nv)** Series A · BE · lrm.be **$2.0M** Sole investor - **Jun** **[Complix](https://millionrounds.com/company/complix)** Series A · BE · onbiovc.com **$6.2M** With 2 others - **2009** 1 round - **Nov** **[PearlChain.net](https://millionrounds.com/company/pearlchain-net)** Venture · BE **$2.2M** Sole investor - **2008** 1 round - **Nov** **[Aristo Music](https://millionrounds.com/company/aristo-music)** Venture · BE **$3.4M** With 3 others - **2007** 1 round - **Jan** **[AsicAhead](https://millionrounds.com/company/asicahead)** Series B · BE · thefreelibrary.com **$10M** With 3 others - **2006** 1 round - **Mar** **[Visys](https://millionrounds.com/company/visys)** Venture · BE **$577K** Sole investor - **2005** 1 round - **Dec** **[Entelec Control Systems](https://millionrounds.com/company/entelec-control-systems)** Venture · BE **$1.0M** 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 **15** 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 Pre-seed Seed Series A Median round joined **$4.2M** the round, not its cheque Alone, median **$2.0M** Led 0 of 15 rounds **0%** - **Sole investor:** 5 rounds - **Last cheque:** Dec 2025 Rounds by stage said on their site - Series A said *5* - Venture *4* - Series B *3* - Seed said *2* - Pre-seed said *-* Cheques by month Led Joined Dec 2023 Nov 2026 Often in the room with - [Peter Hinssen](https://millionrounds.com/fund/peter-hinssen) 2 - [Sebastien de Halleux](https://millionrounds.com/fund/sebastien-de-halleux) 2 - [Vesalius Biocapital Partners](https://millionrounds.com/fund/vesalius-biocapital-partners) 2 **Pitching LRM?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as LRM. A count of rooms they were both in, not a relationship either has claimed. [**Peter Hinssen** Angel **2** rounds together](https://millionrounds.com/fund/peter-hinssen)[**Sebastien de Halleux** Angel **2** rounds together](https://millionrounds.com/fund/sebastien-de-halleux)[**Vesalius Biocapital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/vesalius-biocapital-partners) ## Recently backed The latest companies LRM put money into. [**Innocens** $1.7M · Dec 2025](https://millionrounds.com/company/innocens) ## Quick answers about LRM ### What does LRM invest in? LRM invests most often at Series A and Venture (64% of the rounds on record), in sectors such as 5g, Agnostic and Anti-thematic. ### How active is LRM? 15 investments on record, 1 of them in the last 12 months. The most recent was in Dec 2025. ### What has LRM invested in recently? Its most recent investments on record: Innocens (Seed, Dec 2025), DEO (Series A, Oct 2021) and Sparkcentral (Undisclosed round, Nov 2016). ### How big are LRM's cheques? The median round it joins is $4.2M. ### Does LRM lead rounds? Rarely, if at all: none of its 15 investments on record names it as the lead. ### Where does LRM invest? Most of the companies it backs are in Belgium (67%), the United States (20%) and the United Kingdom (7%). ### Is LRM investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### Who does LRM invest alongside? Most often Peter Hinssen (2 rounds together), Sebastien de Halleux (2 rounds together) and Vesalius Biocapital Partners (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM 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=lrm) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=lrm)