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 based in Brussels, dedicated to transforming the food and agriculture system. Founded in 2017, the firm backs mission-driven entrepreneurs building scalable technologies in sustainable food, regenerative agriculture, and bio-based industries. Astanor aims to address environmental challenges while delivering financial returns through long-term innovation.With over $700 million in assets under management, Astanor invests globally in startups that offer disruptive solutions for food production, waste reduction, and natural resource regeneration. Portfolio companies span fields like agtech, alternative proteins, circular economy, and microbiome research.Astanor’s team combines experience in investment, science, and sustainability. They provide strategic guidance and active support to portfolio companies, working closely to maximize both impact and growth. Headquartered in Brussels, the firm operates with a global outlook and a strong ESG mandate.

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.

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.

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.