Investor Lists

Investors based in Belgium

Updated 26 October 2026

Firms headquartered in Belgium, ordered by what we have observed them do rather than by what they claim to invest in. Where a firm sits is not where it invests; for that, see investors in Belgium.

See all 622 →The top 25
622investors on the listNo change this week
201cheques in 12 months-16% against the market
$7.9Mmedian round they joined-1% against the market median
8%wrote a cheque in 12 months
7%have led a round

The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (18)

  1. 1European CommissionDeploying nowVC firm · Belgium160$2.8Mmedian roundSept 2026last seen
  2. 2GimvquietPrivate equity · Belgium104$42Mmedian roundDec 2019last seen
  3. 3EASME - EU Executive Agency for SMEsDeploying nowGovernment · Belgium91$4.9Mmedian roundDec 2025last seen
  4. 4PMVDeploying nowGovernment · Belgium85$3.6Mmedian roundSept 2026last seen
  5. 5Capricorn PartnersDeploying nowVC firm · Belgium83$7.8Mmedian roundSept 2026last seen
  6. 6EIT Food RisingFoodstarsDeploying nowAccelerator · Belgium74$826Kmedian roundOct 2026last seen
  7. 7Thibaud ElziereDeploying nowVC firm · Belgium59$3Mmedian roundApr 2026last seen
  8. 8EurostarsDeploying nowVC firm · Belgium49$2.6Mmedian roundJul 2026last seen
  9. 9Astanor VenturesDeploying nowVC firm · Belgium47$10Mmedian roundOct 2026last seen
  10. 10Fortino CapitalDeploying nowVC firm · Belgium47$8.4Mmedian roundSept 2026last seen
  11. 11PitchdriveDeploying nowVC firm · Belgium47$1.6Mmedian roundSept 2026last seen
  12. 12Volta VenturesDeploying nowVC firm · Belgium41$3Mmedian roundJul 2026last seen
  13. 13Qbic FundDeploying nowVC firm · Belgium40$7Mmedian roundJul 2026last seen
  14. 14Limburgse Reconversie MaatschappijDeploying nowVC firm · Belgium32$2.3Mmedian roundJul 2026last seen
  15. 15Quest for GrowthquietVC firm · Belgium24$8.3Mmedian roundJul 2024last seen
  16. 16SofinaDeploying nowFamily office · Belgium21$82Mmedian roundSept 2026last seen
  17. 17Big Bang VenturesquietVC firm · Belgium17$3.2Mmedian roundMar 2013last seen
  18. 18LRMDeploying nowVC firm · Belgium15$4.2Mmedian roundDec 2025last seen
  19. 19SmartfinDeploying nowVC firm · Belgium15$13Mmedian roundOct 2026last seen
  20. 20VerlinvestDeploying nowFamily office · Belgium15$30Mmedian roundOct 2026last seen
  21. 21CMBquietInvestment firm · Belgium14$240Mmedian roundMay 2019last seen
  22. 22E-MergequietVC firm · Belgium14$1.2Mmedian roundNov 2015last seen
  23. 23Innovation FundquietVC firm · Belgium14$8.1Mmedian roundMar 2025last seen
  24. 24S.R.I.W.quietGovernment · Belgium12$25Mmedian roundSept 2018last seen
  25. 25VIBDeploying nowVC firm · Belgium12$23Mmedian roundJun 2026last seen
597 more on this list

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Quick answers about investors based in Belgium

Who are the most active investors based in Belgium?

By cheques observed, the most active are European Commission, Gimv, EASME - EU Executive Agency for SMEs, PMV and Capricorn Partners.

How many investors based in Belgium are there?

622 are on record. 8% made an investment in the last 12 months and 7% have led a round.

Which stages do investors based in Belgium back?

Of the rounds with a named stage in the last 12 months, mostly Seed (32%) and Grant (19%).

How big are the rounds investors based in Belgium join?

The typical (median) round among the leading investors here is $7M.

Which sectors do investors based in Belgium back most?

In the last 12 months, mostly AI, Biotech and Healthcare.

Which investors based in Belgium lead the most rounds?

Capricorn Partners (19 led), Smartfin (5 led) and Sofina (4 led).

What have investors based in Belgium invested in recently?

Recent rounds include Constellate Proteomics (Pre-seed, Oct 2026, with imec.istart), Metabolize (Seed, Oct 2026, with Astanor Ventures) and Traya (Oct 2026, with Verlinvest).

How is this list of investors based in Belgium ranked?

By cheques observed, from the rounds and filings we watched, and never by anything anyone paid for. It is rebuilt every night.

Built from the rounds we watched, refreshed every night. How we count · Report a correction