16 Best Active Series B Investors in Belgium in 2025

As startups approach Series B, they're typically gearing up for taking over the market. We've tracked the investment activity for over 2,500+ funds in Europe, revealing a cohort of Series B investors who, having invested in at least 5 rounds at this stage, excel at working with founders and exec teams.


Last update to the database: Jul 29, 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 16 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)

AMAVI Capital is a Belgium-based company founded in 2020.

35

Offices:

Brussels

Investment Stage:

Series A, Series B

Check Size:

$10M - $40M

Industries:

Proptech & Real Estate, Energy & Nuclear, Business Intelligence

Top investments in Belgium:

Myrspoven (
56)
, Cintoo (
28)

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 Belgium:

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 Belgium:

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

Gimv is a European investment company with four main investment platforms: Connected Consumer, Health and Care, Smart Industries and Sustainable Cities.

31

Offices:

Antwerp (HQ)

Investment Stage:

Series A, Series B, Series C, Unknown

Check Size:

$20M - $250M

Industries:

Health Tech, FinTech, Hardware

Top investments in Belgium:

Complement Therapeutics (
60)
, SynOx Therapeutics (
56)
, FIRE1 (
52)

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 Belgium:

Univercells (
48)

imec.xpand is an accelerator company.

28

Offices:

Brussels

Investment Stage:

Seed, Series A, Series B

Check Size:

$10M - $50M

Industries:

Health Tech, Hardware, Biotech

Top investments in Belgium:

MICLEDI Microdisplays (
56)
, Luma Vision (
48)
, Inbrain Neuroelectronics (
28)

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)

Korys is the investment company of the Colruyt family.

27

Offices:

Brussels

Investment Stage:

Series B, Series C

Check Size:

$30M - $100M

Industries:

Agritech, Biotech, Space Tech

Top investments in Belgium:

OroraTech (
46)
, Aphea.Bio (
43)

Astanor Ventures is a Brussels-based venture capital firm focusing on technology-enabled European companies in the agri-food sector.

26

Offices:

No data available

Investment Stage:

No data available

Check Size:

$100k - $500k

Industries:

No data available

Top investments in Belgium:

No data available

Astanor Ventures is a Brussels-based venture capital firm focusing on technology-enabled European companies in the agri-food sector.

26

Offices:

Brussels (HQ)

Brussels (HQ)

Investment Stage:

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

Check Size:

$100k - $250M

Industries:

Climate Tech & Green Tech, Health Tech, FinTech

Top investments in Belgium:

Ynsect (
60)
, Calyxia (
59)
, Reshape Biotech (
56)

Mediahuis Ventures is a corporate venture capital company.

24

Offices:

Amsterdam (HQ)

Antwerp

Investment Stage:

Seed, Series A, Series B, Series C, Unknown

Check Size:

$2.5M - $50M

Industries:

Edtech, AI, Fitness

Top investments in Belgium:

Lepaya (
52)
, Perlego (
46)
, Alleo (
41)

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 Belgium:

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

Offices:

Ghent (HQ)

Investment Stage:

Seed, Series B, Unknown

Check Size:

$2.5M - $30M

Industries:

Climate Tech & Green Tech, Proptech & Real Estate, Energy & Nuclear

Top investments in Belgium:

Kraftblock (
44)
, JuuNoo (
15)

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)