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Top 5 Venture Capital Firms in Belgium

The following five venture capital firms are at the forefront of Belgium’s thriving entrepreneurial landscape, providing more than just funding to the next wave of innovation. These pivotal players contribute expertise and networks essential for Belgian startups to succeed globally. With strategic investments and a commitment to growth, they are cultivating a robust ecosystem, establishing Belgium as a standout nation for venture capital excellence in Europe.

We took into account the number of deals per year to create this list.

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Hummingbird Ventures

Hummingbird VC is a global seed investment firm that primarily focuses on supporting outlier founders. Initially, they engage in early partnerships and subsequently support companies throughout their lifecycle, offering investments ranging from $500K at seed stage to $50M+ for scaling ventures. Their approach is non-intrusive, valuing entrepreneur-led guidance. Conversely, they avoid conventional check-the-box investing, instead favoring non-linear and unconventional journeys. Moreover, their portfolio demonstrates a wide range of interests without being confined to specific verticals, niches, or geographies. Furthermore, they provide long-term, patient capital, especially during challenging times.

Sector focus: Financial Services, E-Commerce, Software, Internet, Health Care

Round: Early Stage Venture, Seed, Venture

Total investments: 109

Founding Year: 2010

Notable Investments: Monumental, Bright Money, Hubflo, Amber Bio, SkorLife

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Astanor Ventures

Astanor Ventures is an impact AgriFood investor that focuses on building a food system that is nourishing, regenerative, scalable, trusted, and produces delicious food for all. They align with companies sharing their vision for a resilient and healthy food system, providing supportive yet non-intrusive partnerships. Founded in 2017, Astanor connects capital, deep sector knowledge, and a diverse network, including entrepreneurs, impact investors, farmers, and food lovers, to foster a sustainable future of food.

Sector focus: Agriculture, Food and Beverage, Biotechnology, AgTech, Farming

Round: Early Stage Venture, Late Stage Venture

Total investments: 53

Founding Year: 2017

Notable Investments: Heali AI, BioFluff Inc., Umiami, Aphea.Bio, Switch Bioworks

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Volta Ventures

Volta Ventures is a venture capital firm based in the Benelux region, focusing on seed and early-stage investments for software startups. They make initial investments ranging from €300K to €2M. Volta Ventures positions itself as a supportive partner for entrepreneurs, with founders praising their ambition, supportiveness, and hands-on approach without being overly intrusive. Their presence is significant in Amsterdam and Gent, and they aim to guide and empower entrepreneurs to leave their legacies, helping startups in the early stages of their journey towards product development and company growth.

Sector focus: Software, Information Technology, SaaS, Artificial Intelligence, Financial Services

Round: Early Stage Venture, Seed

Total investments: 68

Founding Year: 2014

Notable Investments: Spotr.ai, Fero Payment Science, Propellant.digital, Sprinque, Next Gate Tech

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Pitchdrive

Pitchdrive is an early-stage venture capital firm run by experienced entrepreneurs, backing founders during their startup journey. They deploy a second entrepreneur-led fund of €30M and have invested in over 45 startups to date. Pitchdrive offers pre-seed and seed round investments with an average ticket size of €300k. They focus on B2B SaaS, marketplaces, e-commerce, and software-driven hardware. Founders appreciate Pitchdrive for their hands-on, insightful support and 24/7 availability, helping them tackle challenges and grow their businesses.

Sector focus: Software, Information Technology, FinTech, SaaS, E-Commerce

Round: Early Stage Venture, Private Equity, Seed

Total investments: 43

Founding Year: 2018

Notable Investments: WAY.so, Version Lens, Salus Mental, Luna.ai, introw

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Angelwise

Angelwise is a venture capital firm specializing in early-stage investments in the ICT sector, focusing on startups and young companies in the Benelux region. They offer initial equity investments ranging from approximately €200k to €600k, with potential for follow-up investments up to €3 million. Their portfolio includes a variety of innovative companies, such as Azumuta, which provides a platform to streamline work instructions, training, and quality controls in the manufacturing sector, and dScribe, a data catalog solution provider that helps businesses manage their data assets more effectively.

Sector focus: Saas, Software, Big Data

Round: Early Stage Venture, Seed, Venture

Total investments: 9

Founding Year: 2022

Notable Investments: xyzt.ai, Azumuta, cikisi, Authic Labs, Watcherr

Top 5 Venture Capital Firms in Spain

Top 5 Venture Capital Firms in Italy

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Rift raises €4.6M for aerial reconnaissance platform
Fundraising 13 hours ago

Europe’s defence technology sector is witnessing unprecedented investment momentum, driven by shifting geopolitical realities and increasing demand for autonomous surveillance solutions. At the forefront of this transformation sits Rift, a Paris-based startup that has just secured €4.6 million in Series A funding to build Europe’s first on-demand aerial reconnaissance network. The round was led by AlleyCorp, the New York-based venture firm known for backing enterprise technology companies. This investment signals growing transatlantic interest in European defence tech capabilities, particularly as NATO allies prioritise technological sovereignty and autonomous reconnaissance systems. AlleyCorp leads aerial reconnaissance funding round AlleyCorp’s decision to lead this round reflects a broader strategic shift among US investors towards European defence technology startups. The firm, which has previously backed companies like MongoDB and Paperless Post, sees significant potential in Rift’s approach to democratising aerial intelligence gathering across civilian and military applications. “Rift’s technology addresses a critical gap in the European surveillance market,” noted a spokesperson from AlleyCorp. “Their ability to deploy on-demand reconnaissance missions using autonomous systems represents exactly the kind of dual-use innovation we expect to define the next decade of defence technology.” The investment comes at a time when European governments are accelerating defence technology procurement, with the EU’s European Defence Fund allocating €8 billion for collaborative defence research and development programmes. This regulatory tailwind positions Rift advantageously within a market expected to reach €24 billion by 2027. Building Europe’s autonomous surveillance network Rift’s platform combines advanced drone technology with artificial intelligence to provide real-time reconnaissance capabilities across multiple sectors. Unlike traditional surveillance methods that require significant infrastructure investment, the company’s on-demand model enables clients to access aerial intelligence through a software-as-a-service platform. The startup plans to use the funding to expand its autonomous fleet and enhance its AI-powered analytics capabilities. With operations currently focused on France and Germany, Rift aims to establish coverage across major European markets by 2026, positioning itself as the continent’s primary alternative to US-based surveillance providers. “European organisations need surveillance solutions that comply with GDPR and other regional privacy regulations,” explained Rift’s CEO. “Our platform is built from the ground up with European data sovereignty in mind, something that resonates strongly with both government and enterprise clients.” This funding positions Rift to compete directly with established players like Palantir and Anduril, whilst offering European clients the regulatory compliance and data localisation they increasingly demand. As defence technology becomes increasingly intertwined with civilian applications, Rift’s European-first approach may prove to be its strongest competitive advantage.

energy infrastructure funding, grid technology investment, BESS funding
Fundraising 13 hours ago

Europe’s energy infrastructure is undergoing its most significant transformation since electrification began. As renewable energy sources strain aging grid systems and electric vehicle adoption accelerates across the continent, Munich-based Delta Charge has secured €3.7 million to address critical gaps in energy storage and distribution. The funding round, led by Vireo Ventures and Rethink Ventures, positions the startup to capitalise on Europe’s urgent need for battery energy storage systems (BESS) and grid modernisation solutions. This investment reflects growing European investor confidence in energy infrastructure startups as the EU accelerates its transition to renewable energy sources. With the European Green Deal mandating carbon neutrality by 2050, the timing couldn’t be more strategic for Delta Charge’s market entry. Energy infrastructure funding attracts European climate tech investors Vireo Ventures and Rethink Ventures bring complementary expertise to Delta Charge’s growth trajectory. Vireo Ventures, known for backing transformative European climate technologies, sees Delta Charge as addressing fundamental infrastructure challenges that traditional utilities struggle to solve efficiently. Meanwhile, Rethink Ventures’ portfolio focus on sustainable technology solutions aligns perfectly with the startup’s mission to optimise energy distribution networks. “We’re witnessing unprecedented strain on European energy grids as demand patterns shift dramatically,” explains a Vireo Ventures partner familiar with the investment decision. “Delta Charge’s approach to battery energy storage systems offers the scalability and intelligence that Europe needs to maintain grid stability while integrating renewable sources.” The investor combination signals strong European institutional support for energy infrastructure innovation. Both funds have demonstrated expertise in scaling climate tech companies across fragmented European markets, providing Delta Charge with strategic value beyond capital injection. BESS technology targets European grid modernisation Delta Charge’s battery energy storage systems address acute European challenges that differ significantly from other global markets. The continent’s diverse regulatory frameworks, varying grid infrastructures, and ambitious renewable targets create unique technical requirements. The company’s technology optimises energy storage placement and management across these complex, interconnected networks. The €3.7 million funding will accelerate product development specifically for European market conditions and support expansion across key markets including Germany, France, and the Netherlands. Delta Charge plans to leverage regulatory tailwinds from the EU’s REPowerEU initiative, which prioritises energy independence and grid resilience investments. “European energy markets present both immense opportunity and distinct challenges,” notes Delta Charge’s leadership team. “Our BESS solutions are designed specifically for the regulatory complexity and infrastructure diversity that characterises European energy systems.” The startup’s technology addresses critical pain points including grid balancing during peak renewable generation periods and energy storage optimisation for commercial and industrial applications. With European electricity prices remaining volatile and grid stability concerns mounting, Delta Charge’s timing appears particularly astute. This funding round exemplifies the European venture capital community’s increasing focus on infrastructure-critical climate technologies. As European governments commit billions to energy transition initiatives, startups like Delta Charge are positioned to capture significant market opportunities whilst addressing urgent societal needs.

supply chain AI funding
Fundraising 13 hours ago

European supply chain management is experiencing a fundamental shift as artificial intelligence transforms how companies orchestrate their logistics operations. The complexity of modern supply chains, exacerbated by recent global disruptions, has created unprecedented demand for intelligent automation solutions that can adapt to volatile market conditions. Logistica OS, a pioneering AI platform for supply chain optimisation, has secured €15 million in Series A funding to accelerate development of what it calls the “operating system for supply chains.” The round positions the company at the forefront of Europe’s burgeoning logistics technology sector, where traditional manual processes are rapidly giving way to AI-driven intelligence. Supply chain AI funding attracts European investors The funding round was led by prominent European venture capital firms, though specific investor details remain confidential at the company’s request. The investment reflects growing confidence in AI-powered logistics solutions across European markets, where regulatory frameworks like the EU AI Act provide clearer guidelines for enterprise AI deployment than in other regions. European investors have increasingly focused on supply chain technology following the pandemic-induced disruptions that exposed vulnerabilities in traditional logistics networks. The sector has attracted over €2 billion in European venture funding over the past 18 months, with AI-enabled platforms commanding premium valuations due to their ability to process complex, multi-variable optimisation problems in real-time. “The European market presents unique advantages for supply chain AI deployment,” noted one investor familiar with the deal. “Regulatory clarity, combined with sophisticated manufacturing bases across Germany, France, and Northern Europe, creates ideal conditions for enterprise AI adoption in logistics.” Building the AI operating system for European supply chains Logistica OS differentiates itself by treating supply chain management as a unified software platform rather than a collection of discrete tools. The company’s AI system integrates inventory management, demand forecasting, transportation optimisation, and supplier relationship management into a single intelligent interface that learns from historical patterns and market signals. The platform addresses specific challenges facing European manufacturers, including complex cross-border regulations, fragmented supplier networks spanning multiple countries, and the need to balance cost efficiency with sustainability mandates increasingly required by EU legislation. Unlike American competitors focused primarily on scale, Logistica OS emphasises precision and compliance. “We’re not just digitising existing supply chain processes – we’re reimagining how companies think about logistics intelligence,” explains the company’s leadership team. “Our AI doesn’t replace human decision-making; it amplifies it by processing thousands of variables that would be impossible to track manually.” The €15 million will primarily fund product development and European market expansion, with plans to establish offices in key manufacturing hubs across Germany, France, and the Netherlands. The company also intends to strengthen its AI research capabilities and expand integration partnerships with major European enterprise software providers. This funding milestone signals Europe’s growing sophistication in enterprise AI applications, moving beyond consumer-facing products to tackle complex B2B challenges. As supply chain complexity continues increasing, platforms like Logistica OS represent the next evolution of how European businesses will compete globally through intelligent automation.

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