# Scale II: portfolio, investments and team

> Scale II is a vc firm based in Belgium. 3 investments on record, 2 in the last 12 months, latest Jun 2026. Portfolio, stages, co-investors and team.

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

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

# Scale II

Last cheque observed Jun 2026; 3 cheques on record.

Email

VC firm Deploying now

Seed Series A Series B Digital Deeptech Cleantech

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Deploying now

**100%** of best year **2** **cheques in 12 months**, 3 on record

Since the last cheque **157** days **00** hrs **00** min **00** sec

Median round **$1.8M** Cheque size, as they say **$112K – $1.1M** Rounds led **2 of 3**

Pitch Scale II

## Scale II highlights

- 01 2 cheques in the last 12 months
- 02 Mostly Seed: 100% of its rounds
- 03 Led 2 rounds

## What they do

> ScaleFund – Venture Capital Fund From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $112K – $1.1M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Digital Deeptech Cleantech
- **Based in:** Brussels, Belgium
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 1 round
- **Jun** **[Duely](https://millionrounds.com/company/duely)** Seed · BE · Golden Egg Check **$1.3M** *Led*
- **2025** 2 rounds
- **Dec** **[XFA](https://millionrounds.com/company/xfa)** Seed · BE · Firms' own news pages **$1.8M** *Led*
- **Jan** **[Passbolt](https://millionrounds.com/company/passbolt)** Seed · LU · TechCrunch **$8.0M** With 9 others

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 cheque

Seed Series A Series B

Median round joined **$1.8M** the round, not its cheque

Led 2 of 3 rounds **67%**

- **Said size:** $112K – $1.1M
- **Sole investor:** Never alone
- **Last cheque:** Jun 2026

Rounds by stage said on their site

- Seed said *3*
- Series A said *-*
- Series B said *-*
- Growth said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

Often in the room with

- [Seeder Fund](https://millionrounds.com/fund/seeder) 2

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## Who they invest alongside

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

[**Seeder Fund** VC firm **2** rounds together](https://millionrounds.com/fund/seeder)

## Recently backed

The latest companies Scale II put money into.

[**Duely** $1.3M · Jun 2026](https://millionrounds.com/company/duely)[**XFA** $1.8M · Dec 2025](https://millionrounds.com/company/xfa)[**Passbolt** $8.0M · Jan 2025](https://millionrounds.com/company/passbolt)

## Quick answers about Scale II

### What does Scale II invest in?

Scale II invests most often at Seed (100% of the rounds on record), in sectors such as Digital, Deeptech and Cleantech.

### How active is Scale II?

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

### What has Scale II invested in recently?

Its most recent investments on record: Duely (Seed, Jun 2026), XFA (Seed, Dec 2025) and Passbolt (Seed, Jan 2025).

### How big are Scale II's cheques?

The median round it joins is $1.8M. It says it writes cheques of $112K to $1.1M.

### Is Scale II investing now?

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

### Who does Scale II invest alongside?

Most often Seeder Fund (2 rounds together).

### What kind of investor is Scale II?

Scale II is a VC firm based in Brussels, Belgium.

### When was Scale II founded?

Scale II was founded in 2017.

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