Venture Capital Firms in Belgium

6 Degrees Capital is a European venture capital firm specializing in early-stage investments, primarily focusing on fintech and SaaS companies. Founded in 2022 and headquartered in Brussels, Belgium, the firm targets startups from Seed to Series B rounds, typically investing between €1 million and €5 million initially, with options for follow-on funding. Their investment philosophy emphasizes backing disruptive technologies that solve genuine customer problems and demonstrate strong unit economics and scalability. The firm is led by a team of experienced investors with backgrounds in top financial institutions and venture capital, including managing partners Filip Coen and Wouter Volckaert, who previously worked together at Force Over Mass Capital. 6 Degrees Capital combines deep sector expertise with a hands-on approach, supporting founders not only with capital but also strategic guidance and operational support across Europe and select emerging markets. 6 Degrees Capital’s portfolio spans fintech, enterprise software, AI, insurtech, cloud computing, and emerging sectors like Web3 and metaverse technologies. They invest primarily in European countries such as the UK, Germany, Spain, Switzerland, and Belgium, while also supporting companies expanding into Latin America, Africa, and Asia. The firm values transparency and clear communication, sharing insights and research through their blog and Substack to engage with the broader startup ecosystem.

Astanor Ventures is a European impact venture capital firm headquartered in Brussels, Belgium, dedicated to transforming the global agrifood system. The firm invests at the intersection of planetary and human health, leveraging food and agricultural systems as primary drivers for long-term resilience. Astanor backs ambitious entrepreneurs developing globally scalable solutions that aim to create systemic change across the entire agrifood value chain, from 'soil and sea to gut'. Their investment focus spans sustainable agriculture, sustainable food, food as medicine, waste and circularity, enabling technologies, and sustainable materials.Founded in 2017, Astanor Ventures was an early pioneer in the agrifood tech space. The firm was established with a mission to address critical environmental challenges while delivering strong financial returns through long-term innovation. With €800 million in capital raised, Astanor employs two complementary strategies, Astanor Venture and Astanor Growth, to provide comprehensive support to businesses from seed to growth stages.Astanor's portfolio includes over 50 companies, with notable investments in areas such as AI-powered indoor agriculture (Source Ag), plant-based nutrition (Plantible), solutions for microplastic pollution (Calyxia), and regenerative agriculture technologies (Monarch). The firm actively supports companies that contribute to climate transition, nature positivity, resource efficiency, and social and health enhancements, with a focus on measurable impact outcomes across six key performance indicators, including CO2e avoided, land use avoided, and healthy products sold.The Astanor team comprises over 20 experienced professionals from 10 nationalities, with offices in Europe and the US. This diverse team brings a blend of investment, operational, and scientific expertise, providing hands-on strategic and commercial support to founders. Key team members include Senior Managing Partner Eric Archambeau and Managing Partners Hans Marteau and Hendrik Van Asbroeck, alongside a robust team of partners, operational partners, and advisors with a proven track record of scaling companies and driving impactful change in the agrifood sector.

Capricorn Partners is an independent European investment firm specializing in venture capital and equity funds. The firm is dedicated to investing in innovative European companies that leverage technology as a competitive advantage. Their investment strategy is focused on themes that aim to create a positive impact on the world, primarily concentrating on digital, health, and clean technologies.Founded in 1993, Capricorn Partners has established itself as a significant player in the European investment landscape. The firm's history includes its establishment as Capricorn Venture Partners NV and a subsequent renaming to Capricorn Partners in August 2019, reflecting its growth into a management company for alternative investment funds. They aim to provide both financial returns and strategic value to their clients by fostering an ecosystem that combines capital, innovative ideas, and strong entrepreneurial and business management.Capricorn Partners manages a diverse range of venture capital funds, including the Capricorn Sustainable Chemistry Fund, Capricorn Digital Growth Fund, Capricorn ICT Arkiv, Capricorn Health-tech Fund, Capricorn Cleantech Fund, Capricorn Fusion China Fund, and Capricorn Industrial Biotech Fund. Additionally, the firm acts as the management company for Quest for Growth, a cross-over fund publicly traded on Euronext Brussels, which integrates both quoted and private investments with a focus on high-growth industries.The firm's team comprises experienced investment managers with deep technology expertise and broad industrial backgrounds. They actively monitor emerging trends to incorporate into future investment themes, maintaining a strong commitment to ESG principles. Capricorn Partners has made numerous investments in companies across various technology-driven sectors, demonstrating their commitment to supporting innovative businesses throughout Europe.

Courtside Ventures is a prominent early-stage venture capital firm that strategically invests in companies at the dynamic intersection of sports, lifestyle, and gaming. The firm partners with innovative founders who are redefining traditional boundaries within these sectors, recognizing them as significant growth areas where the next generation of consumers is expected to allocate an increasing share of their time and spending. Courtside Ventures emphasizes a data-driven approach to identifying and backing high-potential startups globally.The firm was founded in 2015 by managing partners Vasu Kulkarni and Deepen Parikh. Kulkarni, a former founder of a sports analytics company, and Parikh, with a background in early-stage technology incubation, brought together their expertise and passion for these verticals to establish Courtside Ventures. They aim to provide strategic support to their portfolio companies by leveraging extensive industry relationships and deep domain knowledge, helping these businesses gain a competitive edge and scale effectively.Courtside Ventures manages over $200 million in assets across three funds and boasts a portfolio of more than 80 active investments. Notable companies within their portfolio include StockX, 100 Thieves, and The Athletic, which was acquired by The New York Times. The firm's investment focus spans new sports platforms, content creation and distribution, sports betting, personalized wellness, and gaming infrastructure, reflecting their commitment to evolving consumer trends. They have also invested in companies like Packz (Financial Services) and Eloelo (Social/Platform Software).The Courtside Ventures team comprises experienced partners and a robust advisory board with diverse backgrounds in technology, media, sports, gaming, and fitness. Key team members include partners Vasu Kulkarni, Deepen Parikh, and Kai Bond, along with venture partner Oliver Ressler and principal Cort Post. Advisors such as Larry Fitzgerald (Sports), Sean Hurley (Real Money Gaming), and Andrew Stalbow (Gaming) contribute specialized expertise, further enhancing the firm's ability to support its portfolio companies and navigate complex market landscapes.

Droia Ventures is a Europe-based venture capital firm that invests globally in young drug‑development companies focused exclusively on therapeutics for oncology and genetic diseases, backing programs and platforms that aim for meaningful clinical breakthroughs and patient benefit.The firm combines capital with in‑house drug development expertise and an operational, hands‑on model: Droia actively scouts science and teams, creates companies, provides Droia Labs as a scientific arm for idea validation, and its investment and development professionals often take interim roles to accelerate portfolio companies from creation through clinical proof of concept.Droia’s portfolio and activity include multiple platform and program investments and the firm runs dedicated funds, pursuing follow-on rounds and exits for therapeutic companies. It has a focused interest in venture capital, particularly in early-stage drug development companies within the therapeutics sector.

Gryphion is the single-family office of Rob Thielen, the founder and chairman of Waterland Private Equity, a major European investment firm. Based in Amsterdam, Netherlands, Gryphion serves as the private investment platform for the Thielen family, overseeing a portfolio that spans private equity, real estate, venture capital, and philanthropic interests. Gryphion was established to manage and preserve the wealth accumulated from Thielen’s career in private equity, particularly following the success of Waterland, which has grown into one of Europe’s most respected and high-performing private equity firms. With a strong background in mid-market buyouts and growth investments, Thielen brings a rigorous and strategic mindset to Gryphion’s capital allocation decisions. The office operates with a long-term investment horizon, seeking opportunities that combine stable returns with social and economic value creation. Gryphion’s portfolio includes direct investments in high-growth companies, co-investments alongside institutional funds, and diversified allocations across asset classes. It also maintains a presence in impact investing, with a focus on sustainability, education, and innovation. In addition to investment activities, Gryphion supports philanthropic endeavors aligned with the Thielen family's values. These include contributions to cultural institutions, academic research, and community development initiatives both in the Netherlands and internationally. Gryphion maintains a lean structure, relying on a small team of experienced professionals and strategic advisors. The family office emphasizes privacy and discretion, operating largely out of the public eye while maintaining strong governance and disciplined risk management practices. As a modern European family office, Gryphion reflects the blend of entrepreneurial success and responsible capital stewardship. It embodies the next phase of wealth management for one of Europe’s most successful private equity figures, with a focus on legacy, purpose, and long-term value.

ICOS Capital is a Dutch-based ClimateTech Venture Capital firm established in 2005, dedicated to accelerating sustainability by investing in breakthrough technologies. The firm's ambitious mission is to facilitate the reduction or avoidance of one gigaton of CO2 equivalent emissions by 2050. They achieve this by focusing on early-growth stage companies with validated business-to-business market traction, particularly within the food systems, chemicals & materials, sustainable industry process & digital technologies, and decarbonization sectors.The firm operates on a unique Collaborative Venturing Platform (CVP) model, which brings together fast-growth innovators and sector-leading corporations. This platform facilitates growth financing, engineering and production expertise, infrastructure, and market access for their portfolio companies. Nityen Lal, a Founding Partner, emphasizes that this proven model is crucial for tackling the urgent and complex challenge of decarbonizing to Net Zero.ICOS Capital has made numerous investments in companies that align with its sustainability mission. Notable portfolio companies include Foamlab, which recently raised €3 million in growth capital, eAgronom, whose Soil Carbon Program secured Verra's registration, and Mevaldi B.V. Other significant investments include Carbon Clean, Squirro, TRACT, Holiferm, Nutrileads, Invert Robotics, Plantics, RainMaker WorldWide (which had an IPO), Bioactor (which was acquired), Photanol, Silgan, Point Source Carbon Capture Technology, Hudson River Biotechnology, CarbonOrO, and 1-2 Taste.The ICOS Capital investment team boasts over 75 years of cumulative venture capital experience, with members who have led and internationally syndicated deals with top-tier funds, realized trade sales and IPOs, and assisted startups in becoming successful ventures. Key team members include General Partners Nityen Lal and Peter van Gelderen, CFO Rudi Dupper, and Investment Committee Chair John van Grootel. The firm also leverages a network of industry partners and venture partners, such as Jos Keurentjes, an experienced scientist and innovation leader, to provide extensive expertise and support to its portfolio companies.

Invest.BW is a venture capital and financing firm based in Walloon Brabant, Belgium, dedicated to fostering the prosperity and entrepreneurial dynamism of the region. Established in 1987, the firm acts as a key partner for businesses seeking risk capital and tailored financial solutions. Invest.BW's mission extends beyond mere financial intervention; it aims to support projects that positively impact the economic, environmental, and societal development of Wallonia, aligning with regional strategic development axes and technological clusters. The firm emphasizes a balanced approach to risk and return, seeking equitable profitability commensurate with the risks undertaken.The firm's investment strategy encompasses various forms of risk capital, offering bespoke solutions with an investment horizon typically ranging from 5 to 10 years. Invest.BW can invest up to a maximum of €2,500,000 per project, often engaging in risk-sharing partnerships. Their interventions cover a broad spectrum of entrepreneurial challenges, from early-stage startups with functional prototypes and innovative technologies to scale-ups with proven business models, and established companies pursuing growth or transmission projects. Additionally, Invest.BW provides specific alternative financing solutions for real estate ventures.Invest.BW's portfolio reflects its diverse investment focus, including companies in deep tech, medtech, and ESG sectors. Notable investments have been made in areas such as optimized micro-electronics for IoT applications (e.g., e-Peas), digital transformation through enterprise management solutions (e.g., IDEALIS CONSULTING), and real estate development (e.g., BVI.BE). The firm also supports companies in the automotive industry, such as Garage Bernard Muzzolini, BMW Discar, and Aston Martin Antwerp, and has invested in medical technology companies like neuroClues. Invest.BW is also recognized as a CO2 neutral investor, actively contributing to carbon footprint reduction and assisting its portfolio companies in their decarbonization efforts.The team at Invest.BW comprises experienced professionals dedicated to guiding entrepreneurs through their development strategies. Key members include Xavier Bocquet (General Director), Corinne Estiévenart (Deputy General Director), Pierre de Waha (Senior Investment Manager), and Nathalie Omin (Senior Investment Manager), among others. The firm places a strong emphasis on the entrepreneurial team behind each project, believing that strong teams are the driving force behind success. Invest.BW is supported by a diverse group of shareholders, including private investors, Wallonie Entreprendre, Ackermans & Van Haaren, and IBA, many of whom have been involved in the region's entrepreneurial dynamic for over three decades.

Ivesta Family Office is a multi-family office firm established in 2017, dedicated to providing comprehensive wealth management and advisory services to entrepreneurs. The firm distinguishes itself through a model built on independence, transparency, and a strong alignment of interests with its clients. Ivesta fosters a community of entrepreneurs, leveraging collective strength to serve individual needs and accelerate knowledge sharing and synergies.The firm was co-founded in 2017 by Olivier Duha, Pierre-Marie De Forville, and Remi Douchet, with Ariane Darmon also identified as a co-founder. Their vision was to create a family office that resonates with the entrepreneurial spirit, enabling clients to manage their assets with the same strategic acumen they apply to their businesses. Ivesta has grown to advise over 100 entrepreneurs, managing approximately €6 billion in assets.Ivesta Family Office invests across various asset classes, including Private Equity, Venture Capital, Real Estate, Private Debt, and Infrastructure. Their investment focus spans several key sectors such as Financial Services & Fintech, Technology, Software & Gaming, Agriculture, Agribusiness & Agtech, and Blockchain. Within these sectors, they target subsectors like SaaS, Marketplaces, Blockchain, Web3, FoodTech, and Fintech. The firm engages in venture capital investments across Seed, Series A, Series B, Series C, and Growth stages. Ivesta is also a mission-driven company since 2021 and a Certified B Corporation since 2023, reflecting its commitment to sustainable practices and positive societal impact.The team at Ivesta Family Office comprises dedicated professionals, including Family Partners, Family Officers, and Family Data Keepers, who work in trios to ensure long-term, trusting relationships with clients. The firm also offers concierge services to handle administrative and real estate matters. Investment analysts are responsible for selecting, analyzing, and monitoring investments across financial markets and private markets, benefiting from the firm's independent model. The team's diverse backgrounds and collaborative spirit are central to Ivesta's approach to client service.

Lombard Odier is an independent Swiss banking group with a rich history dating back to 1796. The firm operates as a global wealth and asset manager, serving both private and institutional clients. Their core offerings encompass private banking, comprehensive wealth management, and sophisticated asset management solutions. A distinctive aspect of Lombard Odier's approach is its strong emphasis on sustainable investing, aiming to align client objectives with positive environmental and social outcomes.Founded in Geneva, Switzerland, Lombard Odier has maintained its independence through a unique partnership model, where the firm is wholly owned and managed by its Senior Managing Partners. This structure fosters a long-term perspective and a client-centric approach, allowing for stability and continuity across generations. The firm has consistently evolved, integrating cutting-edge banking technology not only for its own operations but also offering these solutions to other financial institutions.While Lombard Odier focuses on a broad range of traditional and alternative investments, specific notable investments or portfolio companies are not publicly highlighted in the provided information, as their primary business revolves around managing client wealth and assets rather than direct venture capital investments in specific startups. Their investment strategies span various asset classes, including private equity, real estate, infrastructure, and natural resources, often with a sustainable lens.The team at Lombard Odier comprises experienced professionals across wealth management, asset management, and technology. The firm emphasizes a culture of excellence, innovation, respect, integrity, and teamwork. With a global presence across more than 25 offices in 19 jurisdictions, their experts provide local expertise combined with an international outlook, ensuring tailored solutions and a deep understanding of diverse market dynamics for their discerning clientele.

Sofina is a Belgian investment company with a history dating back to 1898, originally founded as an engineering conglomerate. Today, it operates as a family-run and controlled investment firm listed on Euronext Brussels. Sofina invests patient capital in growing companies managed by like-minded entrepreneurs and families, aiming to create enduring value through long-term partnerships.The company employs three complementary investment styles: Sofina Direct (long-term minority investments), Sofina Growth (investments in fast-growing businesses), and Sofina Private Funds (venture and growth capital funds). Its portfolio spans multiple sectors including consumer and retail, digital transformation, education, healthcare and life sciences, and sustainable supply chains, with a focus on backing companies in Europe, Asia, and the United States.With approximately 85 employees across offices in Brussels, Luxembourg, London, and Singapore, Sofina manages a diversified portfolio with a market capitalization of around EUR 9.59 billion (approx. USD 10.3 billion). The firm typically holds minority stakes, seeks board representation, and maintains investments for 10 to 12 years, supporting growth, acquisitions, and shareholder liquidity.

Software Holding & Finance (SHF) is a Belgian venture capital firm that historically focused on seed and early-stage investments. The firm targeted local “emerging technology” companies, with interests spanning IT, software, and telecommunications, as well as biotechnology, pharmaceuticals, and new materials. SHF adopted a fairly hands-on approach, offering support to its portfolio companies in areas such as management, finance, accounting, legal, sales, and administration.Founded in 1996, Software Holding & Finance operates as a family office based in Aarschot, Belgium. While initially engaging in direct seed and early-stage investments, the firm has since shifted its strategy to primarily allocate capital through venture capital and private equity funds.Over its active investment period, Software Holding & Finance made investments in companies such as Arenco Pharmaceutica, Silicos, and CoWare. Their portfolio included companies in pharmaceuticals, biotechnology, and IT consulting and outsourcing. Tracxn also notes investments in sectors like Semiconductors, Industrial Goods and Manufacturing, Enterprise Applications, and Life Sciences, with notable acquisitions including AsicAhead and Xenics Infrared Solutions.Information regarding the specific expertise and backgrounds of individual team members at Software Holding & Finance was not readily available in the provided search results. The firm's operational model, particularly its hands-on support for startups in various business functions, suggests a team with diverse capabilities in management, finance, legal, and sales.

Temasek Holdings is a global investment company wholly owned by the Government of Singapore, operating with a long-term investment horizon. The firm strategically invests across a diverse portfolio, guided by four key structural trends: Digitisation, Sustainable Living, Future of Consumption, and Longer Lifespans. Its investment focus spans a broad range of sectors including technology, life sciences, agri-food, consumer, financial services, telecommunications, transportation, industrials, real estate, and energy, aiming to deliver sustainable returns over time.Incorporated on June 25, 1974, Temasek was initially established by the Singapore Ministry of Finance to commercially manage a portfolio of government-owned companies. This strategic move allowed the Singapore Government to concentrate on its core roles of policymaking and regulation. Over five decades, Temasek has evolved from managing a local portfolio valued at S$354 million at inception to becoming a prominent global institutional investor with a significant international presence.Temasek holds significant stakes in various companies globally, reflecting its active and disciplined investment approach. Its portfolio includes major investments in publicly listed entities such as BlackRock, Visa, NVIDIA, Mastercard, and Alphabet. The firm has also made notable private investments in companies like Element Materials Technology, Impossible Foods, Flywire Corporation, DoorDash, Zomato, Pine Labs, and Lenskart. Additionally, Temasek co-created Decarbonization Partners with BlackRock, demonstrating its commitment to sustainable investments.The firm operates with a multinational staff of approximately 960 people, encompassing 32 nationalities, across 13 offices in 9 countries. Temasek's culture emphasizes personal accountability and continuous capability building, guided by its MERITT values: Meritocracy, Excellence, Respect, Integrity, Teamwork, and Trust. Its leadership team, including Executive Director & CEO Dilhan Pillay Sandrasegara, brings extensive experience in investment, portfolio management, and corporate law, ensuring a disciplined and forward-looking investment strategy.

Tioga Capital is a European venture capital firm dedicated to supporting exceptional founders who are advancing individual sovereignty through novel financial and cryptographic primitives. The firm focuses its investments on early-stage companies, specifically at the seed to Series A stages, with individual investments typically ranging up to $5 million. Their investment strategy is built around three core themes: Open Finance, which involves internet-native financial systems that democratize access to financial products without reliance on intermediaries; Freedom Technologies, aimed at commercializing cryptography and bringing cypherpunk ideals to a broader audience; and Coordination Networks, which empower users to own, operate, and contribute to shared digital and physical infrastructure through aligned incentives.Established in Luxembourg in December 2020, Tioga Capital was founded by experienced professionals who identified significant opportunities within the burgeoning digital assets and blockchain space. The firm recognized a critical need for specialized investment in this sector, driven by the conviction that Web3 technologies would fundamentally reshape financial systems and enhance individual control over data. Tioga Capital aims to be a committed and patient partner to ambitious founders, providing both capital and strategic guidance to accelerate technologies that contribute to a more sovereign and decentralized digital world.Tioga Capital has built a notable portfolio of companies that align with its investment thesis. Key investments include Nym, a privacy infrastructure provider, and Gem.xyz, an NFT marketplace aggregator that was subsequently acquired by OpenSea. Other portfolio companies mentioned in their investment activities include Dropee and Architect. The firm actively seeks out startups that contribute to blockchain infrastructure, open finance, DeFi infrastructure, NFT infrastructure, and compliance verticals, demonstrating a clear focus on the foundational elements of the Web3 ecosystem.The firm's team includes General Partners Nicolas and Michiel, along with Principals Raphael and Lakshman, and CFO Laura. The team also benefits from a roster of advisors including Bart, Jurgen, Alex, and Atul. Tioga Capital's team members are based across key European cities, including London, Luxembourg, Lisbon, and Brussels, reflecting its strong European focus and deep connections within the Web3 and broader Fintech ecosystems. Their collective expertise and strategic partnerships, including with leading cryptographic research centers, enable them to identify and nurture promising blockchain protocols and entrepreneurs.

VP Capital is an impact-driven investment firm and family office that aims to accelerate positive change for both the planet and society. The firm deploys its capital and network to invest in transformative solutions, focusing on sustainable progress for future generations. Their investment strategy is centered around addressing key global challenges such as biodiversity loss, climate change, and social inequality, by contributing to solutions that are bio-based, regenerative, toxicity-free, circular, net zero, and inclusive. VP Capital is also a certified B Corp, demonstrating its commitment to using business as a force for good.The roots of VP Capital trace back over 150 years to 1865, when Hendrik van Puijenbroek established Van Puijenbroek Textile. This pioneering textile company was known for its socially responsible approach, laying the foundation for the family's enduring commitment to positive impact. Over the generations, the enterprise evolved into the family office known today as VP Capital. In 2019, the firm formalized an impact-driven strategy, further intensifying its commitment in 2024 to prioritize impact at the forefront of every investment decision.VP Capital invests across various sectors, including agri-food, built environment, clean technology, energy, and textile. The firm allocates its managed assets to impactful companies such as Aquaporin, Accsys Technologies, Mosa Meat, Northvolt, Protix, Reflaunt, and OneThird. They also invest through impact funds in innovative enterprises. Recent investments include HULO (Artificial Intelligence), LC Engineers & Consultants (Construction and Engineering), Avantium (Industrial Chemicals), Integer Technologies (Alternative Energy Equipment), and RegenRate (Other Agriculture).The strength of VP Capital lies in its team of professionals, based in Belgium and the Netherlands. This team possesses extensive knowledge in business strategy, entrepreneurship, corporate finance, ESG, impact, financing, accountancy, and company valuations. The firm actively fosters valuable connections within its network, including other family offices and impact experts, to advance sustainable progress across its portfolio. VP Capital emphasizes an active and long-term investor approach, going beyond financial support to provide expertise and a broad network to its partners.

Wallonie Entreprendre (WE) is the public regional promotional institution for Wallonia, Belgium, acting as an economic and financial partner for businesses at all stages—from creation, growth, transfer, to recovery. Formed in 2023 through the merger of SOGEPA, SOWALFIN, and SRIW (originally founded as SOWALFIN in 2002), WE provides equity and debt financing, loans, guarantees, and non-financial support like awareness programs and advisory services to stimulate value creation, job growth, and sustainability in Wallonia. WE targets comprehensive expertise areas including Digital & Deeptech (AI, IoT, SaaS, blockchain, medtech), Energy & Circular Transition, Growth, Social & Cooperative Economy, International expansion, Life Sciences (pharma, biotech, diagnostics, CROs/CDMOs), Industrial Policy, Site Redevelopment, Turnaround (Retournement), Health Infrastructure, and Sale & Acquisition. It ensures compliance with social/environmental standards, supports energy/digital transitions, and co-invests with private partners to foster innovation and resilience across all sectors without preference. With over €4 billion invested, including €1.9B in major holdings, €1B in SMEs via investment companies, and €1.2B in capital/loans for industrial/services, WE guarantees bank loans (e.g., €354.8M outstanding supporting 4,200 SMEs), offers unique tools like subordinated/convertible loans up to tens of millions, and drives ecosystems in life sciences, aerospace, energy, and more to attract investment and ensure business continuity.