# PMV: portfolio, investments and team

> PMV is a government based in Belgium. 85 investments on record, 10 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team.

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

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

# PMV

Last cheque observed Sep 2026; 85 cheques on record.

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Deploying now New fund, Jun 2026 Government

Pre-seed Seed Series A Health Care Neuroscience Personalization

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Deploying now

**56%** of best year **10** **cheques in 12 months**, 85 on record

Since the last cheque **43** days **00** hrs **00** min **00** sec

Median round **$3.6M** Rounds led **2 of 85** Sole investor **33 rounds** Exits **2 from the portfolio** Mostly in **Belgium, 90%**

Pitch PMV

## PMV highlights

- 01 10 cheques in the last 12 months
- 02 Mostly Seed and Series A: 65% of its rounds
- 03 Sole investor in 33 rounds, median $1.6M
- 04 2 exits from the portfolio

## What they do

- **Type:** Government (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Health Care Neuroscience Personalization
- **Based in:** Brussels, Belgium
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **85 appearances**

- **2026** 4 rounds
- **Sept** **[TUSK IC](https://millionrounds.com/company/tusk-ic)** Series A · BE · EU-Startups **$17M** With 4 others
- **Sept** **[Logibot](https://millionrounds.com/company/logibot)** Seed · BE · Ventureburn **$1.6M** With 4 others
- **May** **[Borro](https://millionrounds.com/company/borro)** Seed · BE **$1.5M** With 1 other
- **Mar** **[Vectrix](https://millionrounds.com/company/vectrix)** Seed · BE **$1.3M** Sole investor
- **2025** 18 rounds
- **Dec** **[Dockflow](https://millionrounds.com/company/dockflow)** Seed · BE **$1.2M** With 1 other
- **Dec** **[Dockflow](https://millionrounds.com/company/dockflow)** Seed · BE **$1.6M** Sole investor
- **Dec** **[XFA](https://millionrounds.com/company/xfa)** Seed · BE · Firms' own news pages **$1.8M** With 4 others
- **Nov** **[Azumuta](https://millionrounds.com/company/azumuta)** Series A · BE · Capricorn Partners **$9.3M** With 4 others
- **Nov** **[Resortecs](https://millionrounds.com/company/resortecs)** Series A · BE **$7.0M** With 3 others
- **Nov** **[Rookoo](https://millionrounds.com/company/rookoo)** Seed · BE **$1.0M** Sole investor
- **Oct** **[nxgsat](https://millionrounds.com/company/nxgsat)** Seed · US **$1.4M** Sole investor
- **Sept** **[Aspect Analytics](https://millionrounds.com/company/aspect-analytics)** Series A · BE · Capricorn Partners **$12M** *Led*
- **Sept** **[Wooclap](https://millionrounds.com/company/wooclap)** Venture · BE **$29M** With 1 other
- **Sept** **[OnTracx](https://millionrounds.com/company/ontracx)** Seed · BE **$1.4M** Sole investor
- **Jul** **[Animab](https://millionrounds.com/company/animab)** Series B · BE **$12M** With 2 others
- **Jun** **[Spica Therapeutics](https://millionrounds.com/company/spica-therapeutics)** Seed · BE **$11M** With 1 other
- **Apr** **[Taglayer](https://millionrounds.com/company/taglayer)** Debt · BE **$910K** Sole investor
- **Apr** **[Markmi](https://millionrounds.com/company/markmi)** Seed · BE **$1.2M** Sole investor
- **Apr** **[Magics Technologies](https://millionrounds.com/company/magics-technologies)** Venture · BE **$11M** Sole investor
- **Mar** **[ClimateCamp](https://millionrounds.com/company/climatecamp)** Seed · BE **$3.8M** Sole investor
- **Jan** **[Swave Photonics](https://millionrounds.com/company/swave-photonics)** Series A · BE · Silicon Canals **$7.0M** With 9 others
- **Jan** **[Nobi](https://millionrounds.com/company/nobi)** Series B · BE **$37M** With 1 other
- **2024** 11 rounds
- **Dec** **[Settle](https://millionrounds.com/company/settle)** Venture · US **$110K** With 7 others
- **Dec** **[QustomDot](https://millionrounds.com/company/qustomdot)** Series A · BE **$5.3M** With 2 others
- **Nov** **[Protealis](https://millionrounds.com/company/protealis)** Grant · BE **$1.3M** With 1 other
- **Nov** **[Apideck](https://millionrounds.com/company/apideck)** Series A · US **$7.5M** Sole investor
- **Oct** **[Minze Health](https://millionrounds.com/company/minze-health)** Series A · BE · Capricorn Partners **$5.3M** *Led*
- **Sept** **[Pantera](https://millionrounds.com/company/pantera)** Series A · US **$110M** With 4 others
- **Aug** **[Accurat](https://millionrounds.com/company/accurat)** Seed · BE **$1.1M** Sole investor
- **Jul** **[Confo Therapeutics](https://millionrounds.com/company/confo-therapeutics)** Series B · BE · Capricorn Partners **$65M** With 12 others
- **Jun** **[Gorilla](https://millionrounds.com/company/gorilla)** Series B · BE **$25M** With 2 others
- **Mar** **[MICLEDI Microdisplays](https://millionrounds.com/company/micledi-microdisplays)** Series A · BE **$25M** Sole investor
- **Mar** **[Vaultspeed](https://millionrounds.com/company/vaultspeed)** Venture · BE **Undisclosed** With 3 others
- **2023** 8 rounds
- **Nov** **[Vaultspeed](https://millionrounds.com/company/vaultspeed)** Series A · BE **$16M** With 3 others
- **Sept** **[InvestSuite](https://millionrounds.com/company/investsuite)** Venture · BE **Undisclosed** Sole investor
- **Jul** **[Guud Woman](https://millionrounds.com/company/guud-woman)** Seed · BE **$1.7M** With 1 other
- **Jul** **[Effex](https://millionrounds.com/company/effex)** Seed · BE **$1.7M** With 1 other
- **May** **[dScribe](https://millionrounds.com/company/dscribe)** Seed · BE **$1.6M** Sole investor
- **Feb** **[Funkey](https://millionrounds.com/company/funkey)** Seed · BE **$1.1M** Sole investor
- **Feb** **[IVEX](https://millionrounds.com/company/ivex)** Seed · BE **$2.4M** 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

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

JT **Jason Turowsky** Member of the Ultimate General Partner i Filing they signed

We also hold **28** 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.

Funds they back

## 5 fund commitments on record

- **Managers:** 3

Every fund on record that it has committed money to, and the managers who invest it. Source: fund news.

Managers it backs most

- [Capricorn Partners 3 funds](https://millionrounds.com/fund/capricorn-partners)
- [Junction Growth Investors 1 fund](https://millionrounds.com/fund/junction-growth-investors)
- [Syndicate One 1 fund](https://millionrounds.com/fund/syndicate-one)

Most recent commitments

- [Capricorn Partners Capricorn Health-tech Fund II](https://millionrounds.com/fund/capricorn-partners)
- [Capricorn Partners Capricorn Healthtech Fund II](https://millionrounds.com/fund/capricorn-partners)
- [Capricorn Venture Partners Capricorn Digital Growth Fund](https://millionrounds.com/fund/capricorn-partners)
- [Junction Growth Investors first fund](https://millionrounds.com/fund/junction-growth-investors)
- [Syndicate One second fund](https://millionrounds.com/fund/syndicate-one)

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[CMOSIS nv](https://millionrounds.com/company/cmosis-nv)** Bought by ams AG **Undisclosed** Nov 2015

**[CMOSIS nv](https://millionrounds.com/company/cmosis-nv)** Bought by [TA Associates](https://millionrounds.com/fund/ta-associates) **Undisclosed** Dec 2013

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**Raised**

a new fund in Jun 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$3.6M** the round, not its cheque Alone, median **$1.6M**

Led 2 of 85 rounds **2%**

- **Sole investor:** 33 rounds
- **Last cheque:** Sept 2026
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Seed said *27*
- Series A said *22*
- Venture *15*
- Series B said *8*
- Series C *3*
- Pre-seed said *-*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Qbic Fund](https://millionrounds.com/fund/qbic-fund) 7
- [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) 5
- [Capricorn Partners](https://millionrounds.com/fund/capricorn-partners) 5
- [Fortino Capital](https://millionrounds.com/fund/fortino-capital) 4
- [Qbic](https://millionrounds.com/fund/qbic) 4
- [Allegro Investment Fund](https://millionrounds.com/fund/allegro-investment-fund) 3

**Pitching PMV?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Qbic Fund** VC firm **7** rounds together](https://millionrounds.com/fund/qbic-fund)[**BNP Paribas** VC firm **5** rounds together](https://millionrounds.com/fund/bnp-paribas)[**Capricorn Partners** VC firm **5** rounds together](https://millionrounds.com/fund/capricorn-partners)[**Fortino Capital** VC firm **4** rounds together](https://millionrounds.com/fund/fortino-capital)[**Qbic** Investment firm **4** rounds together](https://millionrounds.com/fund/qbic)[**Allegro Investment Fund** VC firm **3** rounds together](https://millionrounds.com/fund/allegro-investment-fund)[**EIC Accelerator** Government **3** rounds together](https://millionrounds.com/fund/eic-accelerator)[**Gimv** Private equity **3** rounds together](https://millionrounds.com/fund/gimv)[**VIB** VC firm **3** rounds together](https://millionrounds.com/fund/vib)[**Baekeland Funds** VC firm **2** rounds together](https://millionrounds.com/fund/baekeland-funds)[**Beam** Accelerator **2** rounds together](https://millionrounds.com/fund/beam)[**Biovest** Growth equity **2** rounds together](https://millionrounds.com/fund/biovest)

## Recently backed

The latest companies PMV put money into.

[**TUSK IC** $17M · Sept 2026](https://millionrounds.com/company/tusk-ic)[**Logibot** $1.6M · Sept 2026](https://millionrounds.com/company/logibot)[**Borro** $1.5M · May 2026](https://millionrounds.com/company/borro)[**Vectrix** $1.3M · Mar 2026](https://millionrounds.com/company/vectrix)[**Dockflow** $1.2M · Dec 2025](https://millionrounds.com/company/dockflow)[**XFA** $1.8M · Dec 2025](https://millionrounds.com/company/xfa)

## Quick answers about PMV

### What does PMV invest in?

PMV invests most often at Seed and Series A (65% of the rounds on record), in sectors such as Health Care, Neuroscience and Personalization.

### How active is PMV?

85 investments on record, 10 of them in the last 12 months, and it led 2. The most recent was in Sept 2026.

### What has PMV invested in recently?

Its most recent investments on record: TUSK IC (Series A, Sept 2026), Logibot (Seed, Sept 2026) and Borro (Seed, May 2026).

### How big are PMV's cheques?

The median round it joins is $3.6M.

### Does PMV lead rounds?

Sometimes: it led 2 of its 85 investments on record (2%).

### Where does PMV invest?

Most of the companies it backs are in Belgium (90%) and the United States (10%).

### Is PMV investing now?

Yes: it is actively investing, with 10 investments in the last 12 months.

### Who does PMV invest alongside?

Most often Qbic Fund (7 rounds together), BNP Paribas (5 rounds together) and Capricorn Partners (5 rounds together).

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