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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

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Events 2 days ago

Last week, I spent three days at Bits and Pretzels in Munich — a startup-focused event with a distinctly Bavarian flavor. Think Oktoberfest meets startup conference, complete with dirndls, lederhosen, and more beer than you might expect. As someone building an AI-powered event platform, I went in with a specific mission: Observe how startups actually market themselves at events. Here’s what I discovered: GoodBytz: The power of good demos What they did: Robotics startup GoodBytz set up a booth where its robots prepared kaiserschmarrn (a traditional German dessert) all day long. Why it worked: Nothing beats seeing a product in action. While other booths had brochures and demos, GoodBytz’s robots were actually cooking. The smell, the movement and the end result stirred together an experience that people will remember and talk about. The lesson: If you have a physical product, show it in action. The old writing adage generalizes well: Show, don’t tell.  Let people see, hear and touch the product. WeRoad: The bathroom hack What they did: Posted “Missing Investor” flyers in bathroom stalls with QR codes pointing to their website. Why it worked: Pure genius. Every startup at the event was looking for investors, but the “Missing Investor” headline, while a bit on the nose, proved irresistible. Plus, bathroom stalls are one of the few places where people have 30 seconds to actually read something. The lesson: Think about where your target audience’s attention will remain undivided. Sometimes, the most effective marketing leverages the most unexpected places. Emqopter: Visual impact matters What they did: Designed a bright orange booth that displayed their drone prominently. Why it worked: In a sea of grey, white, beige and brown, Emqopter’s bright orange booth was impossible to overlook. The drone was real, too, and proved a real conversation starter. The lesson: Your booth is competing with hundreds of others. Make it visually distinctive and ensure your product is the hero. Quests: Community building using the product What they did: Created a busy, branded booth with accessories (toy car, traffic cones, a bulletin board) and used their anti-loneliness app to build communities among founders at the event. Why it worked: Quests used their product to solve a real problem right at the event, and the busy booth design generated energy and curiosity. The lesson: Use your product to solve a problem at the event — if it’s possible, of course. Demonstrate your value in real time. Dyno: Event-themed marketing What they did: Distributed branded electrolyte packs with the tagline “Your hangover ends. Your pension lasts – with Dyno.” Why it worked: Dyno aligned its messaging perfectly with the Oktoberfest theme. Every attendee was thinking about beer and hangovers, so Dyno’s goodies were quite relevant. The tagline was clever, memorable, and directly addressed a pain point most people at the event might have to deal with later. The lesson: Tailor your marketing to the event’s theme and culture. The more you tie your messaging and product to the context, the more memorable you become. So, what did I learn? Event marketing is about more than just showing up and setting up a booth; you have to understand your audience and create experiences that people will remember. Here’s what really struck me: most startups and even big companies don’t know how to leverage events properly. They book the booth, show up and hope for the best; maybe they bring some branded pens and a pop-up banner. Then they’ll go back home and wonder why they spent €5,000 in exchange for 50 business cards that never convert. The startups that stood out at Bits and Pretzels understand something fundamental: event ROI isn’t about booth size or location; it’s about strategy, creativity and planning. None of the startups above improvised on-site, or planned something the night before the event in their hotel rooms. They laid everything out 4-6 weeks before the event. A solid pre-event strategy is what separates successful event marketing from expensive booth rental.  But what matters most for early-stage startups is that you don’t need a massive budget to stand out. WeRoad’s bathroom stall hack probably cost €50 to print the flyers. A standard booth package at Bits and Pretzels would go for €3,000 to €5,500. The ROI difference is staggering when you compare the cost per meaningful conversation. That’s the difference between simply spending money and investing smartly. Building Sesamers has taught me that helping startups find the right events is only half the equation. The other half is helping them understand how to maximize ROI once they’re there. Good props aren’t a marketing expense; they’re opportunities to meet customers, investors and partners, and strike up engaging conversations.

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