10 Best Active Pre Seed Investors in Belgium in 2025

The pre-seed stage is where ideas transform from abstract concepts into real compaines. In the European investment panorama, having tracked investment activity for 2,500+ funds, a select group of pre-seed investors emerges, consistently nurturing fledgling ideas with both capital and mentorship.


For an investor to feature on our 2025 list of top pre-seed investors, they need to have invested in at least 5 rounds at this nascent stage. For budding entrepreneurs embarking on their first steps or those curious about the earliest backers of innovation, this list offers a unique perspective into the initial champions of startups.


Last update to the database: May 20, 2025. 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 10 top Belgium VCs

Hummingbird Ventures is a venture capital partner.

36

Offices:

Ghent (HQ)

London

Antwerp

Investment Stage:

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

Check Size:

$2.5M - $40M

Industries:

Health Tech, FinTech, Gaming

Top investments in Belgium:

Automata (
52)
, Monumental (
48)
, Anima (
44)

Force Over Mass Capital is a London-based venture capital fund investing in early-stage technology companies. They focus on sectors such as ecommerce, fintech, AI, and cybersecurity. The fund supports businesses with investments from $250,000 to $1 million. Notable portfolio companies include Sprinque, Seldon, and Admix.

27

Offices:

London (HQ)

Antwerp

Investment Stage:

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

Check Size:

$100k - $40M

Industries:

Climate Tech & Green Tech, Edtech, FinTech

Top investments in Belgium:

Artificial Labs (
56)
, CausaLens (
56)
, Admix (
52)

Ninepointfive is a venture capital fund based in Antwerp. It invests in tech startups from pre-seed to series A stages, with check sizes ranging from $500,000 to $7,500,000. Focusing on industries such as manufacturing, ecommerce, and sales and marketing, Ninepointfive co-invests with other companies to aid startup growth. Notable investments include Penny Black and MakerVerse.

26

Offices:

Antwerp (HQ)

Investment Stage:

Pre Seed, Seed, Series A

Check Size:

$500k - $20M

Industries:

Manufacturing, Sales and Marketing, Ecommerce

Top investments in Belgium:

MakerVerse (
44)
, Penny Black (
30)

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 Belgium:

Rho Protocol (
37)

Agfa Gevaert is a venture capital fund based in Antwerp, focusing on early-stage companies in eCommerce and Sales and Marketing. They typically support startups during seed and pre-seed stages, aiding new businesses with essential funding. A notable investment is Penny Black. Originating from developing imaging systems and IT solutions primarily for printing and healthcare, Agfa Gevaert demonstrates a strong commitment to technological growth. The parent company is located in Mortsel, Belgium.

19

Offices:

Antwerp

Investment Stage:

Pre Seed, Seed

Check Size:

$500k - $2.5M

Industries:

Sales and Marketing, Ecommerce

Top investments in Belgium:

Penny Black (
30)

Pitchdrive is a venture capital fund based in Antwerp, focusing on early-stage European startups. They invest in sectors such as fintech, health tech, and artificial intelligence, providing support from pre-seed to series A stages. Notable portfolio companies include Silo Team and Version Lens. Founded by entrepreneurs, Pitchdrive uses a data-driven approach to meet the needs of founders and drive their success.

18

Offices:

Antwerp (HQ)

Amsterdam

Berlin

Investment Stage:

Pre Seed, Seed, Series A, Unknown

Check Size:

$500k - $20M

Industries:

Health Tech, FinTech, Crypto & web3

Top investments in Belgium:

WAY.so (
39)
, Henchman (
33)
, Oper (
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 Belgium:

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

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 Belgium:

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

Enabling Water Technology Fund, based in Leuven, focuses on early-stage investments in tech solutions for water-related challenges. They have invested in companies like HULO.ai and collaborate closely with WaterCampus Leeuwarden. This partnership connects businesses, researchers, and governments across Europe to develop strategies and innovations for global water issues.

13

Offices:

Leuven

Investment Stage:

Pre Seed

Check Size:

$1M - $2.5M

Industries:

AI, Deep Tech

Top investments in Belgium:

HULO.ai (
21)

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 Belgium:

Evoluno (
18)
, Qviro (
15)