# Foreign investors in Belgium (2026 list) > 105 foreign investors in Belgium, 98% active in the last 12 months. Led by Y Combinator, Techstars, Sequoia Capital. Ranked by what they funded. Source: https://millionrounds.com/lists/foreign-investors-in-belgium (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Foreign investors in Belgium Updated 7 November 2026 Firms based outside Belgium that we have watched back a company there in the last two years. Useful when the local market is thin, or when you want a backer who can open doors abroad. [See all 105 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fforeign-investors-in-belgium)The top 25 **105** investors on the list No change this week **3,713** cheques in 12 months *-18%* against the market **$8.1M** median round they joined *+1%* against the market median **98%** wrote a cheque in 12 months **70%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Y Combinator](https://millionrounds.com/fund/y-combinator) *Deploying now* Accelerator · United States **6,412** **$3M** median round **Oct 2026** last seen - 2 [Techstars](https://millionrounds.com/fund/techstars) *Deploying now* VC firm · United States **2,989** **$1.2M** median round **Nov 2026** last seen - 3 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,099** **$35M** median round **Nov 2026** last seen - 4 [Plug and Play](https://millionrounds.com/fund/plug-and-play) *Deploying now* Accelerator · United States **1,561** **$5M** median round **Nov 2026** last seen - 5 [Bpifrance](https://millionrounds.com/fund/bpifrance) *Deploying now* Government · France **1,151** **$4.5M** median round **Oct 2026** last seen - 6 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen - 7 [Kima Ventures](https://millionrounds.com/fund/kima-ventures) *Deploying now* VC firm · France **859** **$4.2M** median round **Nov 2026** last seen - 8 [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) *Deploying now* VC firm · United States **765** **$40M** median round **Oct 2026** last seen - 9 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) *Deploying now* VC firm · United States **658** **$32M** median round **Nov 2026** last seen - 10 [Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) *Deploying now* Government · South Korea **597** **$2.1M** median round **Sept 2026** last seen - 11 [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) *Deploying now* Private equity · United States **551** **$2.9M** median round **Nov 2026** last seen - 12 [Seedcamp](https://millionrounds.com/fund/seedcamp) *Deploying now* VC firm · United Kingdom **519** **$5M** median round **Nov 2026** last seen - 13 [Partech Ventures](https://millionrounds.com/fund/partech) *Deploying now* VC firm · France **444** **$15M** median round **Oct 2026** last seen - 14 [Creative Destruction Lab](https://millionrounds.com/fund/creative-destruction-lab) *Deploying now* Accelerator · Canada **427** **$3M** median round **Sept 2026** last seen - 15 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen - 16 [Seed Capital](https://millionrounds.com/fund/seed-capital) *Deploying now* VC firm · Denmark **347** **$4M** median round **Sept 2026** last seen - 17 [Inovia Capital](https://millionrounds.com/fund/inovia-capital) *Deploying now* VC firm · Canada **328** **$11M** median round **Nov 2026** last seen - 18 [BlackRock](https://millionrounds.com/fund/blackrock) *Deploying now* Asset manager · United States **296** **$130M** median round **Nov 2026** last seen - 19 [Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) *Deploying now* VC firm · United States **296** **$3.8M** median round **Oct 2026** last seen - 20 [Storm Ventures](https://millionrounds.com/fund/storm-ventures) *Deploying now* VC firm · United States **262** **$7M** median round **Sept 2026** last seen - 21 [BNP Paribas](https://millionrounds.com/fund/bnp-paribas) *Deploying now* VC firm · France **256** **$17M** median round **Oct 2026** last seen - 22 [European Investment Bank](https://millionrounds.com/fund/european-investment-bank) *Deploying now* Government · Luxembourg **246** **$37M** median round **Nov 2026** last seen - 23 [Ventech](https://millionrounds.com/fund/ventech) *Deploying now* VC firm · France **212** **$7.4M** median round **Oct 2026** last seen - 24 [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) *Deploying now* Asset manager · United States **206** **$100M** median round **Oct 2026** last seen - 25 [Novo Holdings](https://millionrounds.com/fund/novo-ventures) *Deploying now* VC firm · Denmark **203** **$60M** median round **Oct 2026** last seen **80 more on this list** All 105 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000. [See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fforeign-investors-in-belgium) ## The Newest Cheques Rounds this list's investors joined most recently - **6** Nov **[Physicl](https://millionrounds.com/company/physicl)** Seed · $10M *Led by* [Inovia Capital](https://millionrounds.com/fund/inovia-capital) - **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Eli Lilly](https://millionrounds.com/fund/eli-lilly) - **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [SC Ventures](https://millionrounds.com/fund/sc-ventures) - **5** Nov **[Nyquis](https://millionrounds.com/company/nyquis)** Seed · $6.3M *With* [Pioneer Fund](https://millionrounds.com/fund/pioneer-fund-2) - **5** Nov **[Granit](https://millionrounds.com/company/granit)** Seed · $6M *Led by* [Seedcamp](https://millionrounds.com/fund/seedcamp) - **5** Nov **[Kabilio](https://millionrounds.com/company/kabilio)** $11M *Led by* [Visionaries Club](https://millionrounds.com/fund/visionaries-club) ## Stages This Year 3,090 rounds - Venture **22%** - Seed **18%** - Series A **15%** - Pre-seed **12%** - Series B **8%** - Other **26%** ## What They Backed Sectors, last 12 months - AI **1,294** - Biotech **244** - Fintech **196** - Healthcare **182** - Big Data & Analytics **166** - Financial Services **110** ## Cheques by Quarter Led Joined 1,184 Q1 25 1,138 Q2 25 1,263 Q3 25 1,258 Q4 25 1,232 Q1 26 1,028 Q2 26 808 Q3 26 156 Q4 26 The last bar is the quarter still running. ## Lists Like This - [Foreign investors in United States 1,267](https://millionrounds.com/lists/foreign-investors-in-united-states) - [Foreign investors in United Kingdom 1,145](https://millionrounds.com/lists/foreign-investors-in-united-kingdom) - [Foreign investors in Germany 553](https://millionrounds.com/lists/foreign-investors-in-germany) - [Foreign investors in Canada 546](https://millionrounds.com/lists/foreign-investors-in-canada) - [Foreign investors in France 461](https://millionrounds.com/lists/foreign-investors-in-france) - [Foreign investors in Switzerland 417](https://millionrounds.com/lists/foreign-investors-in-switzerland) - [Foreign investors in Australia 388](https://millionrounds.com/lists/foreign-investors-in-australia) - [Foreign investors in Singapore 343](https://millionrounds.com/lists/foreign-investors-in-singapore) - [Foreign investors in Netherlands 337](https://millionrounds.com/lists/foreign-investors-in-netherlands) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about foreign investors in Belgium ### Who are the most active foreign investors in Belgium? By cheques observed, the most active are Y Combinator, Techstars, Sequoia Capital, Plug and Play and Bpifrance. ### How many foreign investors in Belgium are there? 105 are on record. 98% made an investment in the last 12 months and 70% have led a round. ### Which stages do foreign investors in Belgium back? Of the rounds with a named stage in the last 12 months, mostly Seed (25%) and Series A (21%). ### How big are the rounds foreign investors in Belgium join? The typical (median) round among the leading investors here is $7M. ### Which sectors do foreign investors in Belgium back most? In the last 12 months, mostly AI, Biotech and Fintech. ### Which foreign investors in Belgium lead the most rounds? Sequoia Capital (91 led), Insight Partners (43 led) and Battery Ventures (29 led). ### Where are foreign investors in Belgium based? Among the most active, most are based in the United States (11), France (5) and the United Kingdom (2). ### What have foreign investors in Belgium invested in recently? Recent rounds include Physicl (Seed, Nov 2026, with Inovia Capital), T-Therapeutics (Series B, Nov 2026, with Eli Lilly) and Soter Insure (Series B, Nov 2026, with SC Ventures). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)