# Smartfin: portfolio, investments and team > Smartfin is a vc firm based in Belgium. 15 investments on record, 6 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/smartfin (Millionrounds; every figure on the page links to its filing or article) Belgium · [Investor](https://millionrounds.com/investors) # Smartfin Last cheque observed Oct 2026; 15 cheques on record. Email VC firm Deploying now Last fund $280M, Jan 2025 Seed Series A Series B B-to-b B2B Small And Medium Business Follow Smartfin and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fsmartfin) Deploying now **100%** of best year **6** **cheques in 12 months**, 15 on record Since the last cheque **30** days **00** hrs **00** min **00** sec Median round **$13M** Cheque size, as they say **$1.0M – $20M** Rounds led **5 of 15** Sole investor **4 rounds** Mostly in **Belgium, 57%** Pitch Smartfin ## Smartfin highlights - 01 6 cheques in the last 12 months - 02 Mostly Series A and Growth: 64% of its rounds - 03 Sole investor in 4 rounds, median $2.3M ## What they do > Venture capital fund focussing on European B2B technology companies. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $1.0M – $20M as they say - **Stages:** Seed Series A Series B Growth - **Sectors:** B-to-b B2B Small And Medium Business - **Based in:** Brussels, Belgium - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **15 appearances** - **2026** 6 rounds - **Oct** **[Hadrian](https://millionrounds.com/company/hadrian)** Series B · NL · Smartfin **$40M** *Led* - **Sept** **[Marble](https://millionrounds.com/company/marble)** Series A · Smartfin **$7.4M** *Led* - **Jul** **[Auditstage](https://millionrounds.com/company/auditstage)** Seed · BE · Smartfin **$2.3M** *Led* - **Jul** **[BrightAnalytics](https://millionrounds.com/company/brightanalytics)** Growth · BE · Smartfin **Undisclosed** With 2 others - **Jun** **[Timefold](https://millionrounds.com/company/timefold)** Series A · BE · Smartfin **$13M** With 3 others - **Feb** **[Incard](https://millionrounds.com/company/incard)** Series A · GB · Smartfin **$13M** *Led* - **2025** 1 round - **Sept** **[Sequesto](https://millionrounds.com/company/sequesto)** Growth · BE · Firms' own news pages **$3.0M** With 1 other - **2024** 1 round - **Nov** **[emma](https://millionrounds.com/company/emma)** Series A · LU · RTP Global **$17M** *Led* - **2019** 1 round - **Apr** **[Deliverect](https://millionrounds.com/company/deliverect)** BE · Siliconcanals **$3.4M** With 1 other - **2017** 1 round - **Dec** **[Ngdata](https://millionrounds.com/company/ngdata)** Series C · BE · FinSMEs **$19M** With 4 others - **2015** 2 rounds - **Oct** **[NGDATA](https://millionrounds.com/company/ngdata)** Series B · BE **$10M** With 3 others - **Sept** **[Ancoa Software](https://millionrounds.com/company/ancoa-software)** Series A · GB **$6.4M** With 3 others - **2014** 3 rounds - **Dec** **[NGDATA](https://millionrounds.com/company/ngdata)** BE **$2.5M** Sole investor - **Dec** **[Ancoa Software](https://millionrounds.com/company/ancoa-software)** GB **Undisclosed** Sole investor - **Dec** **[Divitel](https://millionrounds.com/company/divitel)** NL **$1.8M** 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 **17** 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. Who backs their funds ## 1 LP on record in Smartfin's funds - **Funds:** 1 The institutions that put money into its funds, which the firm then invests in companies. Source: fund news. - [**European Investment Fund** 1 fund](https://millionrounds.com/fund/european-investment-fund-eif) Fund Vintage Committed Smartfin Smartfin Capital III - - ## What they claim to have backed From their own portfolio page (on their website) **23** of 38 we have independently watched raise [Akinon](https://millionrounds.com/company/akinon)[Auditstage](https://millionrounds.com/company/auditstage)[Bettyblocks](https://millionrounds.com/company/betty-blocks)[Deliverect](https://millionrounds.com/company/deliverect)[Divitel](https://millionrounds.com/company/divitel)[Fimple](https://millionrounds.com/company/fimple)[Hadrian](https://millionrounds.com/company/hadrian)[Happeo](https://millionrounds.com/company/happeo)[Incard](https://millionrounds.com/company/incard)[Itineris](https://millionrounds.com/company/itineris)[Luzmo](https://millionrounds.com/company/luzmo)[Mariadb](https://millionrounds.com/company/mariadb)[Ngdata](https://millionrounds.com/company/ngdata)[Openup](https://millionrounds.com/company/openup)[Recharge](https://millionrounds.com/company/recharge)[Roamler](https://millionrounds.com/company/roamler)[Sequesto](https://millionrounds.com/company/sequesto)[Tangoanalytics](https://millionrounds.com/company/tango-analytics)[Theglue](https://millionrounds.com/company/the-glue)[Timefold](https://millionrounds.com/company/timefold)[Timeseer](https://millionrounds.com/company/timeseer-ai)[Willow](https://millionrounds.com/company/willow)[Zivver](https://millionrounds.com/company/zivver) Ancoa Checkmarble Cookiedatabase Crazygames Eyesee-research Hex-rays Idirect Investor portal Silverfin Theoplayer Unifiedpost WITT brightanalytics.be emma.ms payflip.be Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. Latest fund on file **$280M** raised in Jan 2025 From its SEC filing. Nothing newer is on file yet. ## The cheque Seed Series A Series B Median round joined **$13M** the round, not its cheque Alone, median **$2.3M** Led 5 of 15 rounds **33%** - **Said size:** $1.0M – $20M - **Sole investor:** 4 rounds - **Last cheque:** Oct 2026 Rounds by stage said on their site - Series A said *5* - Growth said *2* - Series B said *2* - Seed said *1* - Series C *1* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Smartfin?** 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 *→* ## Recently backed The latest companies Smartfin put money into. [**Hadrian** $40M · Oct 2026](https://millionrounds.com/company/hadrian)[**Marble** $7.4M · Sept 2026](https://millionrounds.com/company/marble)[**Auditstage** $2.3M · Jul 2026](https://millionrounds.com/company/auditstage)[**BrightAnalytics** Jul 2026](https://millionrounds.com/company/brightanalytics)[**Timefold** $13M · Jun 2026](https://millionrounds.com/company/timefold)[**Incard** $13M · Feb 2026](https://millionrounds.com/company/incard) ## Quick answers about Smartfin ### What does Smartfin invest in? Smartfin invests most often at Series A and Growth (64% of the rounds on record), in sectors such as B-to-b, B2B and Small And Medium Business. ### How active is Smartfin? 15 investments on record, 6 of them in the last 12 months, and it led 5. The most recent was in Oct 2026. ### What has Smartfin invested in recently? Its most recent investments on record: Hadrian (Series B, Oct 2026), Marble (Series A, Sept 2026) and Auditstage (Seed, Jul 2026). ### How big are Smartfin's cheques? The median round it joins is $13M. It says it writes cheques of $1.0M to $20M. ### Does Smartfin lead rounds? Yes: it led 5 of its 15 investments on record (33%). ### Where does Smartfin invest? Most of the companies it backs are in Belgium (57%), the United Kingdom (21%) and the Netherlands (14%). ### Is Smartfin investing now? Yes: it is actively investing, with 6 investments in the last 12 months. ### What kind of investor is Smartfin? Smartfin is a VC firm based in Brussels, Belgium. ## 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=smartfin) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=smartfin)