24 Best Active Investors in Brussels in 2024

In the vibrant investment landscape of Brussels, certain names stand out, consistently identifying and supporting groundbreaking ventures. As we journey into 2024, we've compiled a list of the top investors in Brussels, showcasing those who've demonstrated exceptional acumen, vision, and commitment to fostering innovation in the region.


This list is the result of tracking investment activity across +2,500 venture capital investors in Europe, and only includes funds that have invested in at least 5 startups in Brusselsin the past 12 months (not just investors with offices in Brussels). Whether you're an experienced founder who have raised capital in the past or you're fundraising for the first time, our curated list of the top Brussels VCs in 2024 will be tremendously helpful in your journey.


Last update to the database: Sep 3, 2024. See changelog.


Icon Investor Rankings are calculated using our Seedtable Score – a 1 to 100 score that uses quantitative and qualitative data points (like the size of their fund or the quality of the companies they invested in) to signal the strength behind an investor. A score closer to 100 indicates an investor is worth watching closely.

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List of 24 top Brussels VCs

AMAVI Capital is a venture capital fund based in Brussels, focusing on the Proptech, Real Estate, Energy, and Nuclear sectors. They invest at the Series A stage to support companies shaping the future of living, working, and leisure. Operating across Europe, including Benelux, Nordics, Germany, Switzerland, and France, AMAVI Capital has invested in firms like Myrspoven. Their goal is to bridge traditional real estate with cutting-edge technology.

35

Offices:

Brussels

Investment Stage:

Series A

Check Size:

$10M - $20M

Industries:

Proptech & Real Estate, Energy & Nuclear

Top investments in Brussels:

Myrspoven (
56)

Sambrinvest is a venture capital fund based in Brussels. It supports startups and small businesses, particularly in biotech and deep tech, with a focus on Series B investments. Beyond funding, Sambrinvest offers expert advice to help entrepreneurs develop their projects while maintaining independence. One of its portfolio companies is Minoryx Therapeutics. By partnering with businesses at critical stages, Sambrinvest fosters innovation and growth.

35

Offices:

Brussels

Investment Stage:

Series B

Check Size:

$30M - $40M

Industries:

Biotech, Deep Tech

Top investments in Brussels:

Minoryx Therapeutics (
56)

Bioqube Ventures, based in Brussels, is a venture capital fund specializing in biotechnology and health technology companies at stages from seed to Series B. The fund focuses on supporting European life sciences startups that aim to improve health and medical outcomes. Their notable investments include SynOx Therapeutics, Egle Therapeutics, and Commit Biologics.

33

Offices:

Brussels (HQ)

Investment Stage:

Seed, Series B, Series D, Unknown

Check Size:

$20M - $250M

Industries:

Health Tech, Biotech

Top investments in Brussels:

CatalYm (
56)
, SynOx Therapeutics (
56)
, Egle Therapeutics (
52)

Belcube is a venture capital fund in Brussels, founded by Jean Zurstrassen and Grégoire de Streel, co-founders of Belgacom Skynet, Keytrade Bank, and Tunz.com. Belcube focuses on seed-stage investments in startups within the insuretech and service sectors. Their investments, which range from small to moderate amounts, aim to support early-stage growth. Notable investments include Qover. Belcube's mission is to help new businesses grow through strategic funding and guidance.

30

Offices:

Brussels

Investment Stage:

Seed

Check Size:

$2.5M - $5M

Industries:

Insuretech, Service Industry

Top investments in Brussels:

Qover (
48)

Innovation Fund is a venture capital fund based in Brussels, investing in Series B stage companies within biotechnology, manufacturing, and health technology sectors. Notable investments include Univercells. The fund provides financial support with check sizes between $250k and $5M to help companies grow. Innovation Fund focuses on backing firms with strong potential in specialized fields.

30

Offices:

Brussels

Investment Stage:

Series B

Check Size:

$20M - $30M

Industries:

Health Tech, Biotech, Manufacturing

Top investments in Brussels:

Univercells (
48)

Imec.xpand is a Brussels-based venture capital fund investing in Series A startups focused on health technology, hardware, and semiconductors. Leveraging the expertise of imec and its strategic investors, the fund supports innovative projects aimed at creating a smarter, more sustainable society. Notable investments include Luma Vision, MICLEDI Microdisplays, and Nagi Bioscience.

28

Offices:

Brussels

Investment Stage:

Series A

Check Size:

$20M - $30M

Industries:

Health Tech, Hardware, Semiconductor

Top investments in Brussels:

MICLEDI Microdisplays (
56)
, Luma Vision (
48)
, Nagi Bioscience (
28)

Korys is a venture capital fund based in Brussels, established by the Colruyt family. The fund's name is derived from the Latin word for hazelnut tree, "Corylus," linked to the Colruyt name. Korys targets investments in biotech and agritech companies at the series C stage, with notable investments like Aphea.Bio. The firm's strategy includes a balanced portfolio of stocks, bonds, private equity, and support for small and medium-sized enterprises. Korys focuses on long-term investments that aim to generate meaningful, sustainable impacts on people and the planet while achieving good returns.

27

Offices:

Brussels

Investment Stage:

Series C

Check Size:

$100M - $250M

Industries:

Agritech, Biotech

Top investments in Brussels:

Aphea.Bio (
43)

Offices:

Brussels

Investment Stage:

Series A

Check Size:

$20M - $30M

Industries:

Foodtech, Biotech

Top investments in Brussels:

Onego Bio (
41)

Astanor Ventures is a venture capital fund based in Brussels, investing in early to late-stage companies in food, agriculture, biotech, and climate tech. They focus on supporting entrepreneurs developing sustainable solutions and have backed companies like Umiami, Reshape Biotech, and Notpla. Astanor Ventures aims to foster businesses positively impacting the environment and advancing technology.

25

Offices:

Brussels (HQ)

Investment Stage:

Seed, Series A, Series C, Series D, Unknown

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, Fintech

Top investments in Brussels:

Ynsect (
60)
, Reshape Biotech (
56)
, Umiami (
52)

AG Real Estate is a venture capital fund based in Brussels, focusing on debt financing in areas like property technology, real estate, the service industry, and travel technology. Acting as both an investor and developer, they manage a diverse portfolio and have invested in companies like Cohabs. Operating in Belgium, France, Luxembourg, and select European markets, AG Real Estate aims to work sustainably and in the best interest of their clients and partners.

25

Offices:

Brussels

Investment Stage:

Debt Financing

Check Size:

$50M - $70M

Industries:

Proptech & Real Estate, Travel Tech, Service Industry

Top investments in Brussels:

Cohabs (
40)

Keyrock, founded in Belgium in 2017, is a venture capital fund specializing in pre-seed investments in deep tech. Known for their focus on cryptocurrency, Keyrock develops scalable, self-adaptive algorithmic technologies to support digital asset markets. Using in-house tools and high-frequency trading infrastructure, they provide liquidity services to tokens, exchanges, and brokerages. Keyrock is committed to transparency, operational integrity, and regulatory compliance. One notable investment is Rho Protocol.

23

Offices:

Brussels

Investment Stage:

Pre Seed

Check Size:

$2.5M - $5M

Industries:

Deep Tech, Investing

Top investments in Brussels:

Rho Protocol (
37)

Solvay Ventures, the venture capital arm of Solvay, operates with a $100 million evergreen fund based in Brussels. They invest between $500,000 and $3 million in Series A and Series B stage companies. Solvay Ventures focuses on sectors such as space technology, health technology, climate technology, manufacturing, and transportation. Notable investments include Kumovis, Tau Group, and 9T Labs, highlighting their interest in innovative and sustainable solutions.

22

Offices:

Brussels (HQ)

Investment Stage:

Series A, Series B, Unknown

Check Size:

$5M - $30M

Industries:

Climate Tech & Green Tech, Health Tech, Hardware

Top investments in Brussels:

iCOMAT (
48)
, 9T Labs (
34)
, Kumovis (
28)

BlackFin Tech is a venture capital fund based in Paris and part of BlackFin Capital Partners. They focus on high-growth sectors such as fintech, cybersecurity, and mobility, investing in early to mid-stage companies, including seed, series A, and series C rounds, with investments ranging from $1 million to $30 million. Notable investments include Ravelin, Likvido, Hypatos, and ViaBill. BlackFin Tech supports visionary entrepreneurs shaping the future of technology across various industries.

21

Offices:

Brussels

Paris (HQ)

Frankfurt

Investment Stage:

Seed, Series A, Series C

Check Size:

$5M - $30M

Industries:

Fintech, Legal Tech, Cybersecurity

Top investments in Brussels:

Ravelin (
52)
, Hypatos (
37)
, Likvido (
25)

Telos Impact is a Brussels-based venture capital fund specializing in Series A investments in manufacturing and food technology sectors. Investing between €0 and €10 million, they aim to create positive social and environmental impacts. Their mission includes providing professional advisory services and promoting philanthropic and impact investing in Europe. They collaborate with international partners and experts to support their goals. Noteworthy investments include Kern Tec.

21

Offices:

Brussels

Investment Stage:

Series A

Check Size:

$20M - $30M

Industries:

Foodtech, Manufacturing

Top investments in Brussels:

Kern Tec (
33)

Fortino Capital, based in Brussels, is a venture capital fund that supports and advises companies in property technology, sales and marketing, artificial intelligence, and business intelligence. They invest in early-stage startups to foster growth and success. Past investments include Billy Grace, Letsbuild, and Altura Platform.

18

Offices:

Brussels (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Unknown

Check Size:

$2.5M - $50M

Industries:

AI, Proptech & Real Estate, Legal Tech

Top investments in Brussels:

TechWolf (
41)
, LegalFly (
33)
, Letsbuild (
31)

Lab Box is a Brussels-based venture capital fund specializing in the future of mobility and transportation. They invest primarily in early-stage companies, including seed and series A stages. Investment sizes vary. Notable companies they have supported include Skipr, Mbrella, and MyMove. Lab Box aims to back startups that are innovating mobile and travel technologies.

17

Offices:

Brussels (HQ)

Investment Stage:

Seed, Series A

Check Size:

$5M - $10M

Industries:

Travel Tech, Mobile, Mobility & Transportation

Top investments in Brussels:

Skipr (
31)
, Mbrella (
25)
, MyMove (
25)

PMV is a venture capital fund based in Brussels, focusing on early to growth-stage companies in sectors such as technology, biotech, and consumer goods. Notable investments include MICLEDI Microdisplays and Aphea.Bio. PMV aims to boost economic and social goals by providing essential financial support, enhancing prosperity and well-being through strategic investments.

16

Offices:

Brussels (HQ)

Investment Stage:

Pre Seed, Seed, Series A, Series B, Unknown

Check Size:

$100k - $40M

Industries:

Climate Tech & Green Tech, Health Tech, Edtech

Top investments in Brussels:

Gorilla (
56)
, MICLEDI Microdisplays (
56)
, Aphea.Bio (
43)

Seeder Fund is a venture capital firm in Anderlecht, supporting early-stage startups with investments ranging from 100,000 to 500,000 euros. The fund specializes in cybersecurity, fintech, ecommerce, data analytics, and crypto technologies. Notable investments include Keyrock and Dog Chef. Seeder Fund focuses on digital innovation, assisting startups from seed to series A stages.

16

Offices:

Brussels

Anderlecht (HQ)

Investment Stage:

Seed, Series A, Unknown

Check Size:

$500k - $10M

Industries:

Fintech, Crypto & web3, Foodtech

Top investments in Brussels:

Keyrock (
40)
, Next Gate Tech (
31)
, Chift (
31)

Eurostars, based in Brussels, is a venture capital fund specializing in early-stage investments. They support young companies, particularly in hardware and health technology, and have backed notable firms like Renalyse. Operating in over 45 countries, Eurostars connects researchers and developers with funding opportunities, facilitating international cooperation in research, development, and innovation.

16

Offices:

Brussels

Investment Stage:

Seed

Check Size:

$2.5M - $5M

Industries:

Health Tech, Hardware

Top investments in Brussels:

Renalyse (
25)

Digital Attraxion is a venture capital fund based in Brussels, specializing in early-stage investments in health technology, robotics, manufacturing, media and entertainment, and deep technology. They provide funding from $0 to $100,000 and have supported companies such as Evoluno and Qviro. Their focus is on helping promising startups secure the necessary funds to grow and succeed.

10

Offices:

Brussels (HQ)

Investment Stage:

Pre Seed, Unknown

Check Size:

$100k - $1M

Industries:

Health Tech, Deep Tech, Media and Entertainement

Top investments in Brussels:

Evoluno (
18)
, Qviro (
15)

SmartFin is a Brussels-based venture capital fund specializing in early-stage investments in advanced technology companies. They provide varied investment amounts, tailored to the specific needs of startups. SmartFin supports a diverse range of technological fields, offering both financial backing and strategic guidance to help young companies grow and succeed.

1

Offices:

Brussels (HQ)

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Brussels:

No data available

Compagnie Nationale à Portefeuille (CNP) is a venture capital fund based in Brussels. It invests in companies at various stages, offering financial support through diverse check sizes. As part of Groupe Frère-Bourgeois and Groupe Bruxelles Lambert, CNP enjoys a stable shareholder base, controlled solely by the Frère family. CNP has a history of investing in diverse industries and fostering growth in numerous companies.

1

Offices:

Brussels

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Brussels:

No data available

Belfius Bank, based in Brussels, serves clients ranging from young entrepreneurs to large enterprises, as well as local governments and families. This venture capital fund supports businesses at various stages, providing funding to foster growth. With a commitment to social responsibility, each loan, investment, and insurance policy aims to create opportunities and contribute to a better world. Through the efforts of its dedicated employees, Belfius Bank strives to drive positive change for individuals and society daily.

1

Offices:

Brussels

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Brussels:

No data available

Blue Capital is a venture capital fund based in Brussels, investing in early-stage startups with high growth potential. With check sizes from €100,000 to €2 million, they support companies in technology, healthcare, and clean energy. Past investments include successful startups that have thrived under their guidance. Blue Capital combines financial expertise with a deep understanding of the entrepreneurial journey, aiming to add value beyond capital.

1

Offices:

Brussels

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Brussels:

No data available