Fundraising FoxCapricorn Venture Partners
Venture capitalOperating companyLeuven · Seed–Growth · 29 people tracked
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Investment thesis
Capricorn Partners seeks both financial return and strategic value by investing in innovative companies that positively impact people and the planet. It combines technology and investment expertise, offering venture and growth capital focused on three core areas: digital technologies, health, and clean technologies. The firm monitors emerging trends to shape future investment themes while maintaining an ESG commitment. Its Quest for Growth vehicle invests in both quoted and unquoted growth companies, primarily European, building unquoted exposure through direct investments or via venture/growth capital funds, concentrating on industries and themes expected to deliver higher than average growth.
Source: firm website, verified Aug 7, 2026.
Team · 29 people
from the firm's website & public directories
What they invest in
from 28 of 70 portfolio companiesAI & Machine Learning ×12Deep Tech ×7SaaS ×7Advanced Manufacturing ×6Biotech ×6Cleantech ×6Medical Devices ×6New Materials ×6
HQs:Belgium×9Germany×3United States×3Netherlands×2Australia×1United Kingdom×1
Who they back
founder profiles across 13 portfolio companiesFounding team size:solo founder×72 founders×33 founders×3
What their founders studiedfrom 11 founders with field-of-study data
Engineering ×6
Where their founders worked beforefrom 10 founders with career history
Vrije Universiteit Brussel ×2
Investments · 70 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 12019 · 12017 · 14 dated
DMC Biotechnologies is a U.S.-based biomanufacturer that uses precision fermentation and its Dynamic Metabolic Control platform to produce bio-based specialty chemicals and ingredients, such as L-alanine and fermented inositols.
BiotechClimate TechNew MaterialsBoulder, US
Matthew Lipscomb(Director)Josh Yelen(Executive Officer)Jim Flatt(Executive Officer, Director)in
BoardJosko Bobanovic(Director)Alastair Cooper(Director)
Board seatRob van der Meij· per SEC Form D · $2.5M raise · filed Dec 2025
Co-investorsBreakthrough Energy VenturesCIBUS ENTERPRISE FUND II LPSofinnova PartnersBoulder VenturesMichelin Ventures
Trillium Chemicals produces acrylonitrile from renewable feedstocks like glycerol as a sustainable alternative to fossil-based production.
CleantechClimate TechNew MaterialsKnoxville, US
Corey Tyree(Executive Officer, Director, Promoter)in
BoardCorinne Augelli-Szafran(Director)Ian MacDougall(Director)Erik Scher(Director)Young Joon Lee(Director)
Board seatWouter Van de PutteRob van der Meij· per SEC Form D
Aspect Analytics develops computational infrastructure for spatial biology analysis, enabling scientists to extract actionable insight from multimodal biological data to accelerate drug development.
AI & Machine LearningBiotechData & InfrastructureDeep TechSaaS
Co-investorsHeran PartnersPMV
Avantium develops bio-based materials and polymer technologies, including PEF and other renewable alternatives to conventional plastics, serving the packaging and materials industry.
BiotechCircular EconomyCleantechNew MaterialsNetherlands, NL
Co-investorsNavitas CapitalAster CapitalNV NOMPMVSignet Healthcare PartnersSofinnova Partners+2 more
Azumuta offers a cloud-based Manufacturing Execution System (MES) that manages shop floor operations including digital work instructions, quality checks, production orders, traceability, and machine and ERP integrations.
Advanced ManufacturingAI & Machine LearningEnterprise SoftwareFuture of WorkIoTSaaSGhent, BE
Batist Leman(CEO)in
Co-investorsimec.istartKeen Venture PartnersAngelwisePMV
c-lecta introduces its management team and staff of over 130 employees.
Advanced ManufacturingBiotechFoodTechLeipzig, DE
Co-investorsHigh Tech Gruenderfonds
VIB is a non-profit research institute focused on strategic basic research in life sciences, operating in partnership with five Flemish universities.
BiotechDeep TechMedical DevicesGhent, BE
Jan Steyaert(Founder (Scientific))inCedric Ververken(CEO)in
Co-investorsBioGeneration VenturesFund+PMVQuest for GrowthV-Bio Ventures
CONXAI provides automation software for the architecture, engineering, and construction industry, helping teams convert complex workflows into systematic, scalable processes using AI and data science.
AI & Machine LearningConstruction TechSaaS
Krishna Sridhar(Founder)Sharique Husain(Founder)
Co-investorsArgonautic VenturesBayBG Venture CapitalEarlybird Venture CapitalnoaPi LabsZacua Ventures
EclecticIQ builds a threat intelligence platform powered by AI to help organizations address cybersecurity challenges.
AI & Machine LearningCybersecurityEnterprise SoftwareAmsterdam, NL
Cody Barrow(Chief Executive Officer)in
Co-investorsArches CapitalCuriosity VCInkefKeen Venture PartnersKPN VenturesTIIN Capital+1 more
Econic Technologies develops a patented catalyst technology that converts CO2 and other renewable carbon sources into polyols and surfactants for use in consumer products.
Circular EconomyCleantechClimate TechNew Materials
Co-investorsClimate InvestmentGC VenturesTaranisPETRONAS Ventures
Endo Tools Therapeutics develops endoscopic devices to enable minimally invasive therapeutic surgical procedures in gastroenterology.
HealthtechMedical DevicesGosselies, BE
Co-investorsÉpimèdeWhite Fund
ExCulture is a Dutch biotech startup founded in 2022 in Leiden developing a fermentation-based, animal-free substitute for heparin, the widely used blood thinner traditionally derived from pig intestines.
FEops develops a cloud-based procedure planning platform for interventional cardiologists that uses predictive simulation and AI-based anatomical analysis to optimize device selection and placement for structural heart interventions like LAAO and TAVI procedures.
AI & Machine LearningCloud ComputingDigital HealthMedical Devices
Matthieu De Beule(Co-founder and CEO)inPeter Mortier(Co-founder and CTO)inNico
Co-investorsPMV
fruitcore robotics builds industrial robots and humanoid automation systems, including its Industrial Humanoid Platform for demanding manufacturing tasks such as assembly, handling, and quality inspection.
Advanced ManufacturingAI & Machine LearningHardwareRobotics
Jens Riegger(Founder)in
Co-investorsBLN CapitalDaniel GutenbergKOMPAS VCMatterwave VenturesUVC PartnersCNB Capital
Gradyent offers digital tools for optimizing and decarbonizing industrial steam grids, aimed at industrial operators seeking to reduce emissions.
AI & Machine LearningCleantechClimate TechEnergySaaS
Hervé Huisman(Founder)in
Co-investorsBerliner Volksbank VenturesEneco VenturesRedstoneTane FundHelen Ventures
Icometrix develops AI-powered medical imaging software for analyzing brain MRI scans to help clinicians diagnose and monitor neurological conditions like Alzheimer's disease, stroke, and traumatic brain injury.
AI & Machine LearningDigital HealthMedical DevicesLeuven, BE
Wim Van Hecke(Founder)in
Co-investorsForestay CapitalHeran PartnersOptum Ventures
Minze Health develops solutions for diagnosing and managing lower urinary tract symptoms (LUTS), such as those caused by benign prostatic hyperplasia (BPH) or overactive bladder (OAB).
Digital HealthHealthtechMedical Devices
Co-investorsimec.istartPMVWhite Fund
NGDATA is a customer engagement platform company that uses artificial intelligence and data analytics to help businesses create personalized customer experiences.
AI & Machine LearningData & InfrastructureFintechMarketing TechSaaSNew York, US
Geert Crombez(Chief Technology Officer)in
Co-investorsHPE GrowthPamica NVSmartFinIdinvest PartnersNausicaa Ventures
NORBIT is a technology company with business units in oceans, connectivity, and product innovation, developing sonar/underwater sensing systems and electronic tolling and connectivity technologies.
Deep TechHardwareIoT
Per Jørgen Weisethaunet(CEO)inPer Kristian Reppe(CFO)inJulie Dahl Benum(Chief Strategy Officer and Acting Chief Commercial Officer PIR)inAstrid Stevik(Chief Operating Officer)inPeter K. Eriksen(Business Unit Director Oceans)inLino Morgione(Chief Commercial Officer Connectivity)in
Oska Health provides continuous care management for people with chronic kidney disease, aiming to reduce complications, hospitalizations, and healthcare costs through integrated digital and clinical support.
Digital HealthHealthtechMedical DevicesWellness & Fitness
Niklas(CEO & Co-Founder)Claudia(CPO & Co-Founder)Malte(CFO/COO & Co-Founder)
Co-investorsReventGoHub VenturesLBBW Venture Capital GmbH
Wide Open Agriculture transforms lupins, a crop primarily grown in Western Australia, into functional protein ingredients for global food and beverage manufacturers.
AgTechFoodTechNew MaterialsPerth, AU
Co-investorsMunich Venture PartnersQuest for Growth
Punch Powertrain develops powertrain solutions for combustion, hybrid, and electric vehicles, serving the automotive industry globally.
Advanced ManufacturingCleantechMobility & Transportation
Spectricity develops spectral sensing solutions using CMOS technology for consumer and mobile devices.
AI & Machine LearningDeep TechHardwareSemiconductorsBelgium, BE
Glenn Vandevoorde(CEO)
BoardPieter Vorenkamp(Chairman of the Board)
Co-investorsAtlantic Bridge Venturesimec.xpandShanghai Pudong Science and Technology Investment
StoryChief is a content operations platform that combines strategy, creation, feedback, publishing, and performance analytics in one place for marketing teams, multi-brand organizations, and agencies.
AI & Machine LearningMarketing TechMedia & EntertainmentSaaSGhent, BE
Gregory Claeyssens(Founder)inBrik De Maeyer(Founder)in
Ultra-low power, ultra-low latency 3D perception sensors for extended reality.
Andre Miodezky(Founder)Johannes Peeters(Founder)Ward van der Tempel(Founder)
Co-investorsimec.istartQbic Fund
XenomatiX provides 6D road scanning using lidar to inspect pavement condition, generating 3D surface geometry, crack and pothole detection, and road quality indices (IRI, PCI, rutting) that integrate into GIS systems.
AI & Machine LearningDeep TechHardwareIoTMobility & TransportationLeuven, BE
Filip(CEO)Alain(CFO)Kris(VP Sales & BD)Liesbet(Engineering Director)
Co-investorsFinindus
Xi'an Thiebaut is a Sino-Belgian joint venture founded in 1999 that manufactures collapsible aluminum tubes for pharmaceutical, cosmetic, food, and chemical packaging in China.
Zeopore develops enhanced zeolite catalysts to improve efficiency and sustainability in chemical industry processes including refining, plastics recycling, and fuel production.
Advanced ManufacturingCircular EconomyCleantechDeep TechEnergyNew MaterialsLeuven, BE
Martin d'Halluin(Founder, HSE and R&D Manager)inDr. Danny Verboekend(Co-founder)Kurt Du Mong(CEO)inIr. Kurt Du Mong(CEO)
Co-investorsInnovation Fund sa/nv
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AestuariumBeijer AlmaBingliBluebeeCapricorn CleantechCapricorn FusionCapricorn Fusion China FundCapricorn HealthCapricorn SCFCartageniaCEWEChainelsDAB.bioDMCEQT Life SciencesFinquestFoamlabIndigo DiabetesInsectSenseKerry GroupKingspanKronesMelexisMensch und MachineNEFFANeotivNoonaOgedaQuest for GrowthRobertetScaled AccessSensolusSP GroupThermador GroupeThryveTKH GroupTrendtrackerViroVetVOID
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 2
2 acquisitionsCartageniaacq. by AgilentOgedaacq. by Astellas Pharma
Portfolio news
latest coverage across their companiesazumuta · azumuta.com · Nov 13, 2025
Avantium · newsroom.avantium.com · Sep 18, 2025
Zeopore Technologies · zeopore.com · Aug 27, 2025
Frequently asked questions
- How many investments has Capricorn Venture Partners made?
- Capricorn Venture Partners has 70 tracked investments, 2 of which have exited, including 2 dated in the last 24 months.
- What stage does Capricorn Venture Partners invest at?
- Capricorn Venture Partners invests at the Seed, Series A, Series B, Series C, Growth stages.
- What is Capricorn Venture Partners's typical check size?
- Capricorn Venture Partners typically writes checks of $270K – $10.8M.
- What sectors does Capricorn Venture Partners focus on?
- Capricorn Venture Partners focuses on AI & Machine Learning, Biotech, Circular Economy, Cleantech, Climate Tech, Cloud Computing, Data & Infrastructure, Deep Tech, Digital Health, Healthtech, Medical Devices, Robotics.
- Where is Capricorn Venture Partners located?
- Capricorn Venture Partners is headquartered in Leuven, BE.
- Does Capricorn Venture Partners lead rounds?
- Yes, Capricorn Venture Partners leads investment rounds.
- Who does Capricorn Venture Partners co-invest with?
- Capricorn Venture Partners most often shares deals with PMV, imec.istart, Épimède, among 53 tracked co-investors.
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