# Lead investors in Belgium (2026 list) > 37 lead investors in Belgium, 92% active in the last 12 months. Led by Sequoia Capital, Balderton Capital, Lakestar. Ranked by what they funded. Source: https://millionrounds.com/lists/lead-investors-in-belgium (Millionrounds; every figure on the page links to its filing or article) [Investor Lists](https://millionrounds.com/lists) # Lead investors in Belgium Updated 7 November 2026 Firms we have watched lead a round raised by a company in Belgium in the last two years, wherever the firm is based. [See all 37 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Flead-investors-in-belgium)The top 25 **37** investors on the list *+2* this week **445** cheques in 12 months *+29%* against the market **$8.3M** median round they joined *+4%* against the market median **92%** wrote a cheque in 12 months **100%** have led a round ## The Top 25 Ordered by cheques observed, never by anything anyone paid for Deploying now (25) - 1 [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) *Deploying now* VC firm · United States **2,099** **$35M** median round **Nov 2026** last seen - 2 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen - 3 [Lakestar](https://millionrounds.com/fund/lakestar) *Deploying now* VC firm · Switzerland **168** **$18M** median round **Oct 2026** last seen - 4 [DST Global](https://millionrounds.com/fund/dst-global) *Deploying now* Private equity · United Kingdom **158** **$81M** median round **Oct 2026** last seen - 5 [PMV](https://millionrounds.com/fund/pmv) *Deploying now* Government · Belgium **85** **$3.6M** median round **Sept 2026** last seen - 6 [Capricorn Partners](https://millionrounds.com/fund/capricorn-partners) *Deploying now* VC firm · Belgium **84** **$8.3M** median round **Oct 2026** last seen - 7 [PSG](https://millionrounds.com/fund/providence-equity-partners) *Deploying now* VC firm · United States **68** **$50M** median round **Aug 2026** last seen - 8 [CapitalG](https://millionrounds.com/fund/capitalg) *Deploying now* Corporate VC · Canada **51** **$213M** median round **Oct 2026** last seen - 9 [New Science Venture](https://millionrounds.com/fund/new-science-ventures) *Deploying now* VC firm · United States **50** **$12M** median round **Oct 2026** last seen - 10 [Matterwave Ventures](https://millionrounds.com/fund/matterwave-ventures) *Deploying now* VC firm · Germany **38** **$7.8M** median round **Sept 2026** last seen - 11 [Keen Venture Partners](https://millionrounds.com/fund/keen-venture-partners) *Deploying now* VC firm · Netherlands **35** **$9.6M** median round **Nov 2026** last seen - 12 [Armilar Venture Partners](https://millionrounds.com/fund/armilar) *Deploying now* VC firm · Portugal **31** **$3.9M** median round **Sept 2026** last seen - 13 [Sofina](https://millionrounds.com/fund/sofina) *Deploying now* Family office · Belgium **21** **$82M** median round **Sept 2026** last seen - 14 [Alstin Capital](https://millionrounds.com/fund/alstin-capital) *Deploying now* VC firm · Germany **16** **$14M** median round **Oct 2026** last seen - 15 [Smartfin](https://millionrounds.com/fund/smartfin) *Deploying now* VC firm · Belgium **15** **$13M** median round **Oct 2026** last seen - 16 [imec.xpand](https://millionrounds.com/fund/imec-xpand) *Deploying now* VC firm · Belgium **10** **$13M** median round **Sept 2026** last seen - 17 [Curiosity VC](https://millionrounds.com/fund/curiosity-vc) *Deploying now* VC firm · Netherlands **8** **$1.8M** median round **Oct 2026** last seen - 18 [SC Ventures](https://millionrounds.com/fund/sc-ventures) *Deploying now* VC firm · United States **8** **$6M** median round **Nov 2026** last seen - 19 [Realyze Ventures](https://millionrounds.com/fund/realyze-ventures) *Deploying now* VC firm · Germany **7** **$10M** median round **Sept 2026** last seen - 20 [6 Degrees Capital](https://millionrounds.com/fund/6-degrees-capital-2) *Deploying now* VC firm · United Kingdom **5** **$8M** median round **Sept 2026** last seen - 21 [Golden Egg Check](https://millionrounds.com/fund/golden-egg-check) *Deploying now* VC firm · Netherlands **5** **$2.6M** median round **Nov 2026** last seen - 22 [LeanSquare](https://millionrounds.com/fund/leansquare) *Deploying now* VC firm · Belgium **5** **$1.2M** median round **Sept 2026** last seen - 23 [Noshaq](https://millionrounds.com/fund/noshaq) *Deploying now* VC firm · Belgium **5** **$7.9M** median round **Sept 2026** last seen - 24 [SPDG](https://millionrounds.com/fund/spdg) *Deploying now* Family office · Belgium **4** **$14M** median round **Nov 2025** last seen - 25 [Airbridge Equity Partners](https://millionrounds.com/fund/airbridge-equity-partners) *Deploying now* VC firm · Netherlands **3** **$3.5M** median round **Aug 2026** last seen **12 more on this list** All 37 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%2Flead-investors-in-belgium) ## The Newest Cheques Rounds this list's investors joined most recently - **5** Nov **[Soter Insure](https://millionrounds.com/company/soter-insure)** Series B *With* [SC Ventures](https://millionrounds.com/fund/sc-ventures) - **4** Nov **[Supa](https://millionrounds.com/company/supa)** Seed · $28M *With* [Actia Capital Partners](https://millionrounds.com/fund/actia-capital-partners) - **3** Nov **[Vitroscope](https://millionrounds.com/company/vitroscope)** Seed · $5M *With* [Golden Egg Check](https://millionrounds.com/fund/golden-egg-check) - **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *With* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) - **3** Nov **[Trajectory](https://millionrounds.com/company/trajectory)** Series A · $45M *Led by* [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital) - **2** Nov **[Gallium Defense](https://millionrounds.com/company/gallium-defense)** Seed · $8M *Led by* [Keen Venture Partners](https://millionrounds.com/fund/keen-venture-partners) ## Stages This Year 409 rounds - Seed **18%** - Series A **17%** - Series B **13%** - Venture **11%** - Series C **10%** - Other **32%** ## What They Backed Sectors, last 12 months - AI **239** - Fintech **39** - Cybersecurity **30** - Robotics **28** - Enterprise Software **24** - Big Data & Analytics **23** ## Cheques by Quarter Led Joined 85 Q1 25 84 Q2 25 92 Q3 25 128 Q4 25 127 Q1 26 105 Q2 26 116 Q3 26 40 Q4 26 The last bar is the quarter still running. ## Lists Like This - [AI lead investors 1,723](https://millionrounds.com/lists/ai-lead-investors) - [Lead investors in United States 1,370](https://millionrounds.com/lists/lead-investors-in-united-states) - [Seed lead investors 1,091](https://millionrounds.com/lists/seed-lead-investors) - [Series A lead investors 920](https://millionrounds.com/lists/series-a-lead-investors) - [Fintech lead investors 763](https://millionrounds.com/lists/fintech-lead-investors) - [Series B lead investors 579](https://millionrounds.com/lists/series-b-lead-investors) - [Growth lead investors 555](https://millionrounds.com/lists/growth-lead-investors) - [Robotics lead investors 397](https://millionrounds.com/lists/robotics-lead-investors) - [Pre-seed lead investors 396](https://millionrounds.com/lists/pre-seed-lead-investors) [All investor lists *→*](https://millionrounds.com/lists) ## Quick answers about lead investors in Belgium ### Who are the most active lead investors in Belgium? By cheques observed, the most active are Sequoia Capital, Balderton Capital, Lakestar, DST Global and PMV. ### How many lead investors in Belgium are there? 37 are on record. 92% made an investment in the last 12 months and 100% have led a round. ### Which stages do lead investors in Belgium back? Of the rounds with a named stage in the last 12 months, mostly Seed (23%) and Series A (22%). ### How big are the rounds lead investors in Belgium join? The typical (median) round among the leading investors here is $10M. ### Which sectors do lead investors in Belgium back most? In the last 12 months, mostly AI, Fintech and Cybersecurity. ### Which lead investors in Belgium lead the most rounds? Sequoia Capital (91 led), Balderton Capital (22 led) and CapitalG (20 led). ### Where are lead investors in Belgium based? Among the most active, most are based in Belgium (8), the United States (4) and the Netherlands (4). ### What have lead investors in Belgium invested in recently? Recent rounds include Soter Insure (Series B, Nov 2026, with SC Ventures), Supa (Seed, Nov 2026, with Actia Capital Partners) and Vitroscope (Seed, Nov 2026, with Golden Egg Check). Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)