How many investments has Capital-E made?

Capital-E has 20 tracked investments, 1 of which have exited via acquisition or IPO.

What stage does Capital-E invest at?

Capital-E invests at the Seed, Series A, Series B stages.

What is Capital-E's typical check size?

Capital-E typically writes checks of $275K – $1.1M.

Where is Capital-E located?

Capital-E is headquartered in Antwerpen, BE.

Does Capital-E lead rounds?

Yes, Capital-E leads investment rounds.

Who does Capital-E co-invest with?

Capital-E most often shares deals with Angelwise, Bootstrap Europe, Cogito Capital Partners, among 5 tracked co-investors.

Capital-E

Venture capital

Antwerpen · Seed–Series B · 5 people tracked

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Investment thesis

Capital-E backs early-stage companies whose enabling technologies target large replacement markets with an order-of-magnitude improvement in price/performance over existing solutions. Its core focus is micro- and nano-electronics, nanotechnology, and advanced materials, building clusters across application segments such as semiconductor processing and metrology, communications and networking, green technologies, and consumer electronics and multimedia. The firm invests conservatively at first to mitigate risk, prefers to lead deals, and co-invests in later rounds through to liquidity. Its team takes a hands-on role as active board members and partners. Geographically it concentrates on Western Europe, especially the Benelux, while pursuing co-investments across the UK, France, and Germany to build a European-wide clustered portfolio.

Invests inAI & Machine Learning Cleantech Deep Tech Energy Hardware New Materials Semiconductors Antwerp Belgium Europe France Germany Ireland Luxembourg Netherlands North America United Kingdom

Source: firm website, verified Aug 17, 2026.

Stage

Seed–Series B

Check

$275K – $1.1M

Antwerpen, BE

Leads rounds

Leads

Instruments

Equity

Founded

2006

AUM

$60.5M

Tracked investments

Team · 5 people

from public directories

Marc Wachsmuth· Managing Partner, Co-founder of Capital-E

Marc is managing director for both Capital-E funds and sits on the boards of several portfolio companies, with prior exits including CMOSIS, Movidius, Trinean and Merus Audio. Before Capital-E he worked at Gimv's VC ICT team, Altran Technologies, and Atlas Copco in Southeast Asia; he holds engineering degrees from VUB and ULG, an MSc from Cranfield, and a postgraduate finance degree from Solvay Business School.

m•••@capital-e.comreveal

Pascal Vanluchene· Venture Partner, Co-founder of Capital-E

Co-founder of Capital-E (2006), where he was a partner until August 2019. Previously a venture developer at IMEC and high-tech telematics/telecom startups, with prior investment banking and corporate development experience at Proximus. Holds MSc degrees in electronics and commercial engineering from KU Leuven and an MBA from the University of Chicago.

p•••@capital-e.comreveal

Robert Jelski· Venture Partner

Robert Jelski is an advisor and venture partner with extensive investment and industrial experience. He was previously a sector head and partner in 3i's global venture team since 2000, held divisional president and general manager roles at Danaher and Eurotherm, and began his career at HP's R&D department before becoming National Semiconductor's marketing manager for telecommunications in Europe. He holds a BSc in Electrical & Electronic Engineering, an MSc, and an INSEAD MBA.

r•••@capital-e.comreveal

Ruud van der Linden· Venture Partner· Hong Kong/Munich

Currently CEO of German company Silicon Line, previously CEO, CMO and board member of Irish company Redmere, and held senior VP roles at Freecom and Philips Semiconductor across Asia Pacific and Silicon Valley. Holds bachelor's degrees in physics and mathematics and a master's in educational technology from Dutch universities.

r•••@capital-e.comreveal

Lou Hermans· Partner· Antwerp Metropolitan Areain

Lou Hermans is a serial entrepreneur who co-founded and sold two image sensor companies, CMOSIS (acquired by ams AG in 2015) and FillFactory (an IMEC spin-off acquired by Cypress Semiconductor in 2004), and previously held various roles at IMEC. He holds a PhD in physics from KU Leuven, and his focus is on image sensors, machine learning, AI, and Industry 4.0.

l•••@capital-e.comreveal

What they invest in

from 2 of 20 portfolio companies

IoT ×2Cleantech ×1Deep Tech ×1Enterprise Software ×1Hardware ×1Mobility & Transportation ×1SaaS ×1Semiconductors ×1

HQs:France×1

Investments · 20 tracked

founders shown can be your intro path

Acceleran

Belgium-based company (Fund II)

Accelleranaccelleran.com in 𝕏

Accelleran develops software for private 4G/5G radio access networks, including O-RAN compliant components for building and testing private cellular networks.

Deep TechEnterprise SoftwareIoTSaaS

Co-investorsAngelwise Cogito Capital Partners Bpifrance Matterwave Ventures

AsicAhead

Belgium-based prior investment (Fund I)

Carbonics

Belgium-based prior investment (Fund I)

Clean Mobile

Germany-based prior investment (Fund I)

CMOSIS

Belgium-based company, sold to TA Associates in 2013 (Fund I)

Co-investorsTA Associates

EBlink

France-based prior investment (Fund II)

eoSemi

UK-based company (Fund I and Fund II)

Excico

France-based company, sold to DNS in 2014 (Fund I)

Light Blue Optics

UK-based prior investment (Fund I)

Merus Audio

Denmark-based company, sold to Infineon in 2018 (Fund II)

Movidius

Ireland-based company, sold to Intel in 2016 (Fund I)

Co-investorsWestSummit Capital

Nanda Technologiesacquired by Nanometrics

Automated wafer inspection systems for semiconductor fabrication; acquired by Nanometrics in 2011.

Co-investorsMatterwave Ventures

NovoPolymers

Belgium-based prior investment (Fund II)

Pharma Diagnostics

Belgium-based prior investment (Fund I)

Silicon Line

Germany-based company (Fund I and Fund II)

Silicon Mobilitysilicon-mobility.com in 𝕏Acquired

Silicon Mobility designs semiconductor solutions and software algorithms for electric and hybrid vehicle powertrains, optimizing energy efficiency and extending driving range.

CleantechHardwareIoTMobility & TransportationSemiconductorsSophia Antipolis, FR

Co-investorsBootstrap Europe

sioOPTICA

Germany-based company (Fund II)

sureCore Ltd

Trinean

Belgium-based company, sold to Unchained Labs in 2017 (Fund I)

Exits · 1

IPOs and acquisitions across the tracked portfolio

Nanda Technologiesacq. by Nanometrics

Portfolio news

latest coverage across their companies

Firecell announces a €7.9 million funding round and merges with Accelleran - Invest in Côte d'Azur

Accelleran · investincotedazur.com · Feb 23, 2026

Frequently asked questions

How many investments has Capital-E made?: Capital-E has 20 tracked investments, 1 of which have exited via acquisition or IPO.
What stage does Capital-E invest at?: Capital-E invests at the Seed, Series A, Series B stages.
What is Capital-E's typical check size?: Capital-E typically writes checks of $275K – $1.1M.
What sectors does Capital-E focus on?: Capital-E focuses on AI & Machine Learning, Cleantech, Deep Tech, Energy, Hardware, New Materials, Semiconductors.
Where is Capital-E located?: Capital-E is headquartered in Antwerpen, BE.
Does Capital-E lead rounds?: Yes, Capital-E leads investment rounds.
Who does Capital-E co-invest with?: Capital-E most often shares deals with Angelwise, Bootstrap Europe, Cogito Capital Partners, among 5 tracked co-investors.

Images

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