# Series A investors in Belgium (2026 list)

> 51 series A investors in Belgium, 88% active in the last 12 months. Led by Y Combinator, EIC Accelerator, Korea Tech Incubator Program For Startup.

Source: https://millionrounds.com/lists/series-a-investors-in-belgium (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Series A investors in Belgium

Updated 7 November 2026

Firms we have watched take part in a Series A round raised by a company in Belgium in the last two years, wherever the firm is based.

[See all 51 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fseries-a-investors-in-belgium)The top 25

**51** investors on the list *-1* this week

**1,738** cheques in 12 months *-14%* against the market

**$8.3M** median round they joined *+4%* against the market median

**88%** wrote a cheque in 12 months

**61%** 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 [EIC Accelerator](https://millionrounds.com/fund/eic-accelerator) *Deploying now* Government · European Union **875** **$4.3M** median round **Oct 2026** last seen
- 3 [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
- 4 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) *Deploying now* VC firm · United Kingdom **368** **$30M** median round **Oct 2026** last seen
- 5 [Everywhere Ventures](https://millionrounds.com/fund/everywhere-ventures) *Deploying now* VC firm · United States **296** **$3.8M** median round **Oct 2026** last seen
- 6 [Storm Ventures](https://millionrounds.com/fund/storm-ventures) *Deploying now* VC firm · United States **262** **$7M** median round **Sept 2026** last seen
- 7 [Ventech](https://millionrounds.com/fund/ventech) *Deploying now* VC firm · France **212** **$7.4M** median round **Oct 2026** last seen
- 8 [Novo Holdings](https://millionrounds.com/fund/novo-ventures) *Deploying now* VC firm · Denmark **203** **$60M** median round **Oct 2026** last seen
- 9 [Lakestar](https://millionrounds.com/fund/lakestar) *Deploying now* VC firm · Switzerland **168** **$18M** median round **Oct 2026** last seen
- 10 [European Commission](https://millionrounds.com/fund/european-commission) *Deploying now* VC firm · Belgium **160** **$2.8M** median round **Sept 2026** last seen
- 11 [Elaia](https://millionrounds.com/fund/elaia) *Deploying now* VC firm · France **156** **$7.6M** median round **Sept 2026** last seen
- 12 [Kickstart](https://millionrounds.com/fund/kickstart) *Deploying now* VC firm **143** **$4.1M** median round **Sept 2026** last seen
- 13 [Base10 Partners](https://millionrounds.com/fund/base10-partners) *Deploying now* VC firm · United States **137** **$15M** median round **Oct 2026** last seen
- 14 [Eli Lilly](https://millionrounds.com/fund/eli-lilly) *Deploying now* Corporate VC · United States **137** **$56M** median round **Nov 2026** last seen
- 15 [Strong Ventures](https://millionrounds.com/fund/strong-ventures) *Deploying now* VC firm · United States **130** **$2.4M** median round **Sept 2026** last seen
- 16 [Luminate](https://millionrounds.com/fund/luminate-accelerator) *Deploying now* Accelerator · United States **127** **$5.3M** median round **Sept 2026** last seen
- 17 [Fin Capital](https://millionrounds.com/fund/fin-capital) *Deploying now* Private equity · United States **120** **$15M** median round **Sept 2026** last seen
- 18 [Samsara BioCapital](https://millionrounds.com/fund/samsara-biocapital) *Deploying now* VC firm · United States **104** **$93M** median round **Nov 2026** last seen
- 19 [SparkLabs](https://millionrounds.com/fund/spark-labs) *Deploying now* Accelerator · South Korea **100** **$3.3M** median round **May 2026** last seen
- 20 [Frontline Ventures](https://millionrounds.com/fund/frontline-ventures) *Deploying now* VC firm · United Kingdom **98** **$4.6M** median round **Sept 2026** last seen
- 21 [Graph Ventures](https://millionrounds.com/fund/graph-ventures) *Deploying now* VC firm · United States **87** **$3.3M** median round **Oct 2026** last seen
- 22 [PMV](https://millionrounds.com/fund/pmv) *Deploying now* Government · Belgium **85** **$3.6M** median round **Sept 2026** last seen
- 23 [Capricorn Partners](https://millionrounds.com/fund/capricorn-partners) *Deploying now* VC firm · Belgium **84** **$8.3M** median round **Oct 2026** last seen
- 24 [Elephant](https://millionrounds.com/fund/elephant) *Deploying now* VC firm · United States **54** **$16M** median round **Jul 2026** last seen
- 25 [Longwood Fund](https://millionrounds.com/fund/longwood-fund) *Deploying now* VC firm · United States **53** **$60M** median round **Aug 2026** last seen

**26 more on this list**

All 51 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%2Fseries-a-investors-in-belgium)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[T-Therapeutics](https://millionrounds.com/company/t-therapeutics)** Series B · $133M *With* [Eli Lilly](https://millionrounds.com/fund/eli-lilly)
- **4** Nov **[Supa](https://millionrounds.com/company/supa)** Seed · $28M *With* [Kompas VC](https://millionrounds.com/fund/kompas-vc)
- **2** Nov **[Gallium Defense](https://millionrounds.com/company/gallium-defense)** Seed · $8M *Led by* [Keen Venture Partners](https://millionrounds.com/fund/keen-venture-partners)
- **2** Nov **[General Medicine](https://millionrounds.com/company/general-medicine)** Series B · $120M *With* [Eli Lilly](https://millionrounds.com/fund/eli-lilly)
- **30** Oct **[Neuron Industries](https://millionrounds.com/company/neuron-industries)** Seed · $10M *With* [Y Combinator](https://millionrounds.com/fund/y-combinator)
- **30** Oct **[Ares Intelligence](https://millionrounds.com/company/ares-intelligence)** Seed · $3.2M *With* [Lakestar](https://millionrounds.com/fund/lakestar)

## Stages This Year

1,650 rounds

- Venture **26%**
- Seed **17%**
- Pre-seed **16%**
- Series A **15%**
- Series B **7%**
- Other **19%**

## What They Backed

Sectors, last 12 months

- AI **736**
- Biotech **141**
- Healthcare **105**
- Fintech **94**
- Big Data & Analytics **83**
- Financial Services **55**

## Cheques by Quarter

Led Joined

561 Q1 25

497 Q2 25

559 Q3 25

588 Q4 25

527 Q1 26

525 Q2 26

362 Q3 26

60 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [Early stage investors in United States 3,774](https://millionrounds.com/lists/early-stage-investors-in-united-states)
- [Series A investors in United States 2,305](https://millionrounds.com/lists/series-a-investors-in-united-states)
- [Seed investors in United States 2,252](https://millionrounds.com/lists/seed-investors-in-united-states)
- [Series B investors in United States 1,647](https://millionrounds.com/lists/series-b-investors-in-united-states)
- [Growth investors in United States 1,329](https://millionrounds.com/lists/growth-investors-in-united-states)
- [Early stage investors in United Kingdom 1,166](https://millionrounds.com/lists/early-stage-investors-in-united-kingdom)
- [Series C investors in United States 967](https://millionrounds.com/lists/series-c-investors-in-united-states)
- [Pre-seed investors in United States 774](https://millionrounds.com/lists/pre-seed-investors-in-united-states)
- [Seed investors in United Kingdom 692](https://millionrounds.com/lists/seed-investors-in-united-kingdom)

[All investor lists *→*](https://millionrounds.com/lists)

## Reading for founders at Series A

- Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies Reid Hoffman · 2018 3.95 from 7,118 ratings on Goodreads Scaling and operations Leading and managing Moats and competition About the book Foreword by Bill Gates LinkedIn cofounder, legendary investor, and host of the award-winning Masters of Scale podcast reveals the secret to starting and scaling massively valuable companies. What entrepreneur or founder doesn’t aspire to build the next Amazon, Facebook, or… On AmazonListen on Audible
- One Page Talent Management: Eliminating Complexity, Adding Value Marc Effron · 2010 4.00 from 311 ratings on Goodreads Leading and managing Hiring and culture Scaling and operations About the book A Revolutionary Approach to Talent Management You know that winning in today’s marketplace requires top quality talent. You also know what it takes to build that talent, and you spend significant financial and human resources to make it happen. Yet somehow, your company’s… On AmazonListen on Audible
- The Sales Development Playbook: Build Repeatable Pipeline and Accelerate Growth with Inside Sales Trish Bertuzzi · 2016 4.18 from 696 ratings on Goodreads First sales Hiring and culture About the book Raise your hand if your company needs more new customers. I suspect your hand is (figuratively) up. This book is about not just growth, but high-growth, explosive-growth, the kind of growth that weather satellites can see from space. The success of any business-to-business… On AmazonListen on Audible
- The Culture Code: The Secrets of Highly Successful Groups Daniel Coyle · 2017 4.24 from 37,412 ratings on Goodreads Hiring and culture Leading and managing About the book What do Pixar, Google and the San Antonio Spurs basketball team have in common?The answer is that they all owe their extraordinary success to their team-building skills. In The Culture Code, Daniel Coyle goes inside some of the most effective organisations in the world and… On AmazonListen on Audible

More books for founders and investors on the [Reading List](https://millionrounds.com/reading-list?role=founder&stage=series_a).

As an Amazon Associate we earn from qualifying purchases.

## Quick answers about series A investors in Belgium

### Who are the most active series A investors in Belgium?

By cheques observed, the most active are Y Combinator, EIC Accelerator, Korea Tech Incubator Program For Startup, Balderton Capital and Everywhere Ventures.

### How many series A investors in Belgium are there?

51 are on record. 88% made an investment in the last 12 months and 61% have led a round.

### Which stages do series A investors in Belgium back?

Of the rounds with a named stage in the last 12 months, mostly Seed (24%) and Pre-seed (24%).

### How big are the rounds series A investors in Belgium join?

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

### Which sectors do series A investors in Belgium back most?

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

### Which series A investors in Belgium lead the most rounds?

Balderton Capital (22 led), Capricorn Partners (19 led) and Base10 Partners (17 led).

### Where are series A investors in Belgium based?

Among the most active, most are based in the United States (12), Belgium (3) and South Korea (2).

### What have series A investors in Belgium invested in recently?

Recent rounds include T-Therapeutics (Series B, Nov 2026, with Eli Lilly), Supa (Seed, Nov 2026, with Kompas VC) and Gallium Defense (Seed, Nov 2026, with Keen Venture Partners).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)