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TOP 15 Venture Capital Firms for Startups in Belgium [2025]

1. European Innovation CouncilVenture Capital Belgium

Investments: 1,090

Location: Brussels, Brussels Hoofdstedelijk Gewest

Socials: Website / LinkedIn / X / Facebook


The European Innovation Council (EIC) supports top-class innovators, entrepreneurs, small companies, and researchers with bright ideas. The EIC co-invests alongside private investors in early-stage startups with Environmental, Social, and Governance (ESG) impacts. They aim to drive breakthrough innovations across Europe by providing significant funding and strategic guidance.




2. GimvVenture Capital Belgium

Investments: 184

Location: Antwerpen, Antwerpen

Socials: Website / LinkedIn / X


Gimv is a European investment company with over three decades of experience in private equity and venture capital. Listed on NYSE Euronext Brussels, Gimv manages around €1.8 billion of investments in 85 portfolio companies, collectively generating over €6 billion in turnover and employing over 28,000 professionals. Gimv focuses on high-growth potential companies in Consumer 2020, Health & Care, Smart Industries, and Sustainable Cities, supporting their transformation into market leaders.




3. Belgian Investment Company for Developing CountriesVenture Capital Belgium

Investments: 162

Location: Brussels, Brussels Hoofdstedelijk Gewest

Socials: Website / LinkedIn / X


The Belgian Investment Company for Developing Countries (BIO) supports sustainable private sector growth in developing and emerging markets. They provide long-term financing to enterprises, focusing on sectors that create significant social and economic impacts. BIO aims to stimulate local entrepreneurship and improve living conditions through their investments.




4. Hummingbird VenturesVenture Capital Belgium

Investments: 111

Location: Watermael-Boitsfort, Brussels Hoofdstedelijk Gewest

Socials: Website / LinkedIn / X / Facebook


Hummingbird Ventures partners with outlier founders building generational companies. Their portfolio includes transformative companies like Kraken, Peak Games, Deliveroo, BillionToOne, Showpad, OneCard, Pristyn Care, and Gram Games. Hummingbird provides strategic guidance and funding to help these startups achieve substantial growth and market leadership.




5. PMVVenture Capital Belgium

Investments: 111

Location: Brussels, Brussels Hoofdstedelijk Gewest

Socials: Website / LinkedIn / X


PMV is a do-and-dare company shaping the future of the Flemish economy by funding promising businesses from inception through various growth stages to international expansion. They collaborate with the government and partners on projects crucial for Flanders' prosperity and well-being. PMV believes in the importance of profitable and sustainable entrepreneurship for a prosperous future.




6. S.R.I.W.Venture Capital Belgium

Investments: 111

Location: Liège, Liege

Socials: Website / LinkedIn


The S.R.I.W. Group supports entrepreneurs in creating and developing businesses in the Walloon region. Established in 1979, S.R.I.W. reflects the efforts of Wallonian industry to create economic value in the 21st century. They provide financial and strategic assistance, emphasizing good governance, strong business culture, and sustainability to help partners navigate market challenges and achieve long-term success.




7. Capricorn PartnersVenture Capital Belgium

Investments: 101

Location: Leuven, Vlaams-Brabant

Socials: Website / LinkedIn


Capricorn Partners NV is an independent pan-European manager of venture capital funds investing in innovative companies with technology as a competitive advantage. Their experienced team of investment managers offers deep technology expertise and broad industrial experience, supporting startups in achieving significant growth and market success.




8. Limburgse Reconversie MaatschappijVenture Capital Belgium

Investments: 87

Location: Hasselt, Limburg

Socials: Website / LinkedIn / X


LRM is an investment company focused on developing and stimulating economic growth in Limburg. They provide financial resources and expertise to companies and projects that create jobs in the region, fostering a unique breeding ground for innovation and economic development.




9. Volta VenturesVenture Capital Belgium

Investments: 68

Location: Gent, Oost-Vlaanderen

Socials: Website / LinkedIn / X


Volta Ventures offers seed and early-stage venture capital for internet and software companies in the Benelux. Their team, supported by around 30 business angels, works closely with founders and management to identify new markets, hire senior talent, provide guidance, and arrange further financing rounds. Volta Ventures has offices in Ghent and Amsterdam.




10. E-MergeVenture Capital Belgium

Investments: 66

Location: Brussels, Brussels Hoofdstedelijk Gewest

Socials: Website / LinkedIn / X


Founded in 1998, E-Merge has invested in over 30 technology startups, focusing on early-stage development in telecom, e-commerce tools, and online payment systems. They also explore commercial space investments. E-Merge provides capital and shares their experience in strategy, business development, technology choices, and more, helping startups scale and succeed.




11. Meusinvest (Noshaq)Venture Capital Belgium

Investments: 62

Location: Liège, Liege

Socials: Website / LinkedIn / X / Facebook


Noshaq offers financial services to help businesses develop and grow. They provide funding and support to startups and SMEs, fostering innovation and economic development in the region. Noshaq aims to be a key partner for entrepreneurs in achieving sustainable growth.




12. VerlinvestVenture Capital Belgium

Investments: 56

Location: Brussels, Brussels Hoofdstedelijk Gewest

Socials: Website / LinkedIn


Verlinvest accelerates consumer revolutions by partnering with leaders building iconic, mission-driven brands in technology, healthcare, and food & beverages. They provide strategic support and capital to help companies scale and achieve global market leadership.




13. Astanor VenturesVenture Capital Belgium

Investments: 55

Location: Luxembourg, Luxembourg

Socials: Website / LinkedIn / X


Astanor Ventures focuses on entrepreneurs regenerating the food, blue ocean economy, and agriculture sectors. They target technology-enabled companies across the agri-food value chain, leveraging disruptive technologies to create a sustainable, trusted, and regenerative future for food. Astanor Ventures brings together capital, deep sector knowledge, and a strong network to support their portfolio companies.




14. EDFI ElectriFIVenture Capital Belgium

Investments: 55

Location: Brussels, Brussels Hoofdstedelijk Gewest

Socials: Website / LinkedIn


The Electrification Financing Initiative (ElectriFI) is a blending facility funded by the European Union and managed by the EDFI Management Company. ElectriFI aims to unlock, accelerate, and leverage private sector investment to increase or improve access to affordable, reliable, sustainable, and modern energy in developing countries.




15. Digital AttraxionVenture Capital Belgium

Investments: 52

Location: Charleroi, Hainaut

Socials: Website / LinkedIn / X / Facebook


Digital Attraxion is a digital startup accelerator working with economic agencies and VCs to support entrepreneurs. They focus on Industry 4.0, Smart City, Ed&HR Tech, SaaS/Marketplace, e-health, and creative industries. Digital Attraxion aims to create a strong digital ecosystem in Hainaut that is recognized beyond its borders.

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