Top 10 Venture Capital Firms in Brussels in 2024

The venture capital ecosystem in Brussels has undergone major growth over the last decade.

In this article, you will find some of the top venture capital firms in Brussels investing across various sectors and industries.

‍

10 Venture Capital Firms in Brussels

1) Enterprise Ireland

Enterprise Ireland is a government organisation that provides investment support and opportunities for founders looking to build their businesses in Ireland.

Details of the VC firm:

• Country: Ireland, Germany, Hungary, Denmark, France, Netherlands, Italy, Sweden, Spain, Czechia, United Kingdom, Belgium, Poland, Brazil, USA, Canada, United Arab Emirates, Australia, China, Japan, Singapore, Vietnam, India, South Korea, Saudi Arabia, Nigeria, South Africa, Kenya
• City: Dublin, Düsseldorf, Budapest, Paris, Amsterdam, Milan, Stockholm, Madrid, Prague, London, Brussels, Warsaw, São Paulo, Austin, Toronto, New York, Dubai, Sydney, Hong Kong, Tokyo, Singapore, Ho Chi Minh City, Beijing, Mumbai, Seoul, Riyadh, Lagos, Johannesburg, Nairobi, Shannon, København
• Started in: 1998
• Industries: Life Sciences, Industrial
• Stages: Pre-Seed, Seed, Series A, Series B, Series C
• Maximum check size: €50,000
• Number of investments: 686
• Number of exits: 78
• Funds raised: €216,100,000
• 3 remarkable investments: Profitero, Immersive VR Education, Invinity Energy Systems PLC

You can find their website here.

You can send them an email at equitydept@enterprise-ireland.com.

‍

2) Bonsai Venture Capital

Bonsai Venture Capital has been investing in early-stage companies since 1999.

Details of the VC firm:

• Country: Turkey, Belgium, Spain, Saudi Arabia, Colombia
• City: Riyadh, Brussels, Madrid, Istanbul, Bogotá, Medellín
• Started in: 2006
• Founders: Alfonso De León
• Industries: Gaming, Fintech, Healthcare, Cybersecurity, Travel & Hospitality
• Stages: Early Stage, Growth
• Minimum check size: €250,000
• Maximum check size: €2,500,000
• Number of investments: 63
• Number of exits: 38
• Funds raised: €3,500,000
• 3 remarkable investments: Frenetic, Signaturit, Miss Tipsi

You can find their website here.

‍

3) Astanor Ventures

Astanor Ventures invest in founders building technology-enabled solutions to reimagine the agriculture sector.

Details of the VC firm:

• Country: Belgium
• City: Brussels
• Started in: 2017
• Founders: Eric Archambeau, George Coehlo
• Industries: Agriculture, Climate & Sustainability, DTC, Food & Beverage
• Stages: Seed
• Maximum check size: $1,000,000
• Number of investments: 42
• Number of exits: 1
• Funds raised: $325,000,000
• 3 remarkable investments: Planetary, Umiami, Melibio

You can find their website here.

‍

4) Inventures Investment Partners

Inventures Investment Partners is an impact fund for European startups.

Details of the VC firm:

• Country: Belgium
• City: Brussels
• Started in: 2011
• Founders: Charles-Albert De Radzitzky, Gilles Van Der Meerschen, Guillaume Desclée, José Zurstrassen, Olivier De Duve
• Industries: Enterprise, SaaS, Transportation
• Stages: Early Stage, Seed
• Minimum check size: €500,000
• Maximum check size: €2,500,000
• Number of investments: 40
• Number of exits: 3
• Funds raised: €90,000,000
• 3 remarkable investments: Aproplan, Opinum, Zencar

You can find their website here.

You can send them an email at info@inventures.fund.

‍

5) Kharis Capital

Kharis Capital invests in consumer-focused companies in Asia and Europe.

Details of the VC firm:

• Country: Switzerland, Belgium, Luxembourg
• City: Brussels, Hong Kong, Luxembourg, Zug
• Started in: 2015
• Founders: Daniel Grossmann
• Industries: Consumer
• Stages: Early Stage
• Number of investments: 29
• Number of exits: 2
• Funds raised: €90,000,000
• 3 remarkable investments: Livspace, QSRP, StockViva

You can find their website here.

You can send them an email at info@khariscapital.com.

‍

6) Theodorus

Theodorus is a Belgium seed-stage venture capital firm focusing on biotech, medtech, digital and engineering applications domains.

Details of the VC firm:

• Country: Belgium, Canada
• City: Montréal, Brussels
• Started in: 2003
• Founders: Olivier Belenger
• Industries: Biotech, Healthcare
• Stages: Seed, Series A
• Minimum check size: €250,000
• Maximum check size: €2,500,000
• Number of investments: 22
• Number of exits: 2
• Funds raised: €70,000,000
• 3 remarkable investments: Ogeda, Epsynomics, CluePoints

You can find their website here.

You can send them an email at info@theodorus.be.

‍

7) AID Partners

AID Partners invests in companies within the technology, lifestyle, health tech and finance sectors.

Details of the VC firm:

• Country: USA, Hong Kong, China, Japan, South Korea, United Kingdom, Taiwan, France, Belgium, Israel
• City: Los Angeles, Hilo, Beijing, Shanghai, Shenzhen, Singapore, Tokyo, Seoul, London, Paris, Brussels, Tel Aviv-Yafo, San Francisco
• Started in: 2007
• Founders: Kelvin Wu, Joel Chang
• Industries: Biotech, Healthcare, Gaming, Entertainment, DTC, Food & Beverage
• Stages: Late Stage, Growth
• Number of investments: 20
• Number of exits: 2
• Funds raised: $650,000,000
• 3 remarkable investments: Cmge, Legendary Entertainment, SIRIN Labs

You can find their website here.

You can send them an email at info@8088inc.com.

‍

8) Smartfin

Based in Belgium, Smartfin is an investment firm exclusively investing in European B2B tech companies.

Details of the VC firm:

• Country: Belgium
• City: Antwerp, Brussels
• Started in: 2014
• Founders: Jürgen Ingels, Bart Luyten
• Industries: Fintech, Big Data & Analytics, Enterprise, SaaS
• Stages: Early Stage
• Minimum check size: €500,000
• Maximum check size: €25,000,000
• Number of investments: 19
• Number of exits: 3
• Funds raised: €380,000,000
• 3 remarkable investments: MariaDB, Zivver, Silverfin

You can find their website here.

You can send them an email at info@smartfincapital.com.

‍

9) Scale Fund

Scale-fund is an industry-agnostic investment fund in Belgium.

Details of the VC firm:

• Country: Belgium
• City: Brussels
• Started in: 2017
• Founders: Claire Munck
• Industries: SaaS, DTC, Big Data & Analytics, Developer Tools, AI & ML, Education
• Stages: Early Stage
• Minimum check size: €300,000
• Maximum check size: €1,000,000
• Number of investments: 12
• Number of exits: 3
• Funds raised: €8,000,000
• 3 remarkable investments: Dgenious, Aquilon Pharmaceuticals, Wooclap

You can find their website here.

You can send them an email at info@scale-fund.com.

‍

10) Blackfin Tech

Blackfin Tech is a European venture capital firm investing in late-stage fintech and insurtech companies.

Details of the VC firm:

• Country: France, Belgium, Germany
• City: Paris, Brussels, Frankfurt
• Started in: 2016
• Founders: Paul Mizrahi, Eric May, Bruno Rostain, Laurent Bouyoux
• Industries: Fintech, InsurTech
• Stages: Late Stage, Series A, Series B, Series C
• Minimum check size: €1,000,000
• Maximum check size: €30,000,000
• Funds raised: €530,000,000
• 3 remarkable investments: Agicap, Bdeo, Epsor

You can find their website here.

‍