How many investments has Finindus made?

Finindus has 9 tracked investments, including 2 dated in the last 24 months.

What stage does Finindus invest at?

Finindus invests at the Seed, Series A, Series B, Growth stages.

What is Finindus's typical check size?

Finindus typically writes checks of $540K – $5.4M.

Where is Finindus located?

Finindus is headquartered in Zwijnaarde, BE.

Who does Finindus co-invest with?

Finindus most often shares deals with Astanor Ventures, Fairpoint Capital, Industrifonden, among 6 tracked co-investors.

Finindus

Venture capital

Zwijnaarde · Seed–Growth · 7 people tracked

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Find your way into Finindus

528 people in our graph share verified history with the Finindus team — schools, employers, funds. One of them is your warm intro.

Simon Woutersunlockedknows Nils Nijs · together at KU Leuven (overlapped)

×5knows the team · via Vlerick Business School

×5knows the team · via KU Leuven

knows the team · via Ghent University

✨ Fox Verdict

Investment thesis

Finindus invests in outstanding entrepreneurial teams pursuing unique, relevant and sustainable competitive advantages that generate positive impact in sizable industrial markets. Drawing on its roots in the Flemish steel industry, the firm focuses on three areas: advanced materials, particularly steel and metal-related technologies offering high performance and low environmental impact; sustainable manufacturing that reduces the environmental footprint of products, processes and supply chains; and Industry 4.0, applying digitalization and advanced hardware and software to improve industrial processes in safety, quality, efficiency, reliability and durability. It welcomes investment opportunities across the industrial value chain.

Invests inAdvanced Manufacturing Cleantech Climate Tech Deep Tech Energy Hardware IoT New Materials SaaS Belgium Europe Global Sweden

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Growth

Check

$540K – $5.4M

Zwijnaarde, BE

Instruments

Equity

Founded

2006

Last 12 months

1 investment

AUM

$108M

Tracked investments

Team · 7 people

from the firm's website & public directories

Dirk De Boever· Managing Partner· Ghent, Flemish Region, Belgiumin

Dirk De Boever joined Finindus in 2006 and has led the firm's investment activities since 2013, focusing on early-stage and growth companies with an industrial background. He began his career in 1994 in the commercial organisation of Sidmar (now part of ArcelorMittal's flat carbon steel division), working on market intelligence, business planning, investment studies and M&A, and in 2002 became managing partner of a marketing and business intelligence firm serving telecom, energy and industry clients. He studied Applied Economics at KU Leuven, International & Industrial Marketing at UHasselt, and completed an EMBA at Vlerick.

d•••@finindus.bereveal

Hans Maenhout· Partner· Ghent Metropolitan Areain

Hans Maenhout sources investment opportunities within Finindus' focus areas and takes on active board roles at portfolio companies after investment. He previously served as CEO of a green-field start-up, and earlier held roles in financial services (KBC Group) and the oil and gas industry (Texaco/Chevron). He holds a Master in Chemical Engineering from UGent, along with further education in international management, corporate finance, M&A, coaching, corporate law and energy risk management.

h•••@finindus.bereveal

Nils Nijs· Senior Investment Manager· Belgiumin

n•••@finindus.bereveal

Roel Callebaut· Senior Investment Manager· Ghent, Flemish Region, Belgiumin

Roel Callebaut is a Senior Investment Manager at Finindus focusing on technology companies in new materials, material processing, and digital technologies. Before Finindus, he held roles at aerospace company Sonaca, an SME working on composite materials, and at Besix, where he worked on construction projects in the Middle East. He holds a Master of Science in Civil Engineering (VUB), a Master of Science in Composite Engineering (PFH), and an EMBA (Vlerick).

r•••@finindus.bereveal

Filip Van den Abeele· Technologist· Ghent Metropolitan Areain

Filip Van den Abeele is a technologist at Finindus with over 20 years of experience in R&D and innovation management. He holds a Master's degree in Mechanical Engineering, a PhD in Engineering Sciences, and an M.Sc. in Ocean and Offshore Technology, with a background in technology scouting, technical due diligence, and R&D program development. His investment focus includes materials, sustainability, and Industry 4.0 applications.

f•••@finindus.bereveal

Marijke Dhondt· Executive Support· Ghent Metropolitan Areain

m•••@finindus.bereveal

Ruben Decoster· Investment Associate· Ghent Metropolitan Areain

Ruben Decoster is an Investment Associate at Finindus, where he sources and analyses investment opportunities and supports portfolio companies during their growth. He began his career as an automation research engineer at the KU Leuven Technology Campus in Ghent and previously held operational, project management, and innovation roles at Barco. His background is in engineering, manufacturing automation, and operational excellence, with degrees in electromechanical and industrial engineering from KU Leuven and the University of Ghent.

r•••@finindus.bereveal

What they invest in

from 9 of 9 portfolio companies

Cleantech ×6Advanced Manufacturing ×4AI & Machine Learning ×4Climate Tech ×3Deep Tech ×3Energy ×3Hardware ×3IoT ×3

HQs:Belgium×1Norway×1Sweden×1United States×1

Investments · 9 tracked

founders shown can be your intro path

By year:2025 · 1 2024 · 1 2023 · 3 2021 · 16 dated

Immaterialimmaterial.com in 𝕏Oct 2025✓ verified

Immaterial develops monolithic metal-organic frameworks (m-MOFs), a nanoporous material platform, and scales them from lab to industrial production for gas separation applications such as carbon capture.

CleantechClimate TechNew Materials

David Fairen-Jimenez(Co-founder)in

Co-investorsAP Ventures Energy Revolution Ventures JERA TRIREC

Kraftblockkraftblock.comAug 2023✓ verified

Kraftblock develops thermal energy storage systems based on a nanoparticle composite storage material, offering stationary and mobile solutions for decarbonizing industrial heat and cogeneration.

CleantechClimate TechEnergyEnterprise Software

Martin Schichtel(CEO & Co-founder)Susanne König(CEA & Co-founder)inChristian Gebhardt(COO)inFlorent Baudu(CCO)inWim Janssen(SVP Energy Services)Karsten Dieckhoff(VP Engineering)in

Co-investorsFreigeist Capital TechEnergy Ventures Future Industry Ventures Shell Ventures Berliner Volksbank Ventures Redstone +2 more

Fortius Metalsfortiusmetals.comOct 2024 · $2M

Fortius Metals develops advanced materials for welding and manufacturing applications.

Advanced ManufacturingDeep TechNew MaterialsLafayette, US

Jeffrey Lints(Executive Officer, Director, Promoter)Jacob Nuechterlein(Director)Jeremy Iten(Director)

Board Evan Segal(Director)inJohann Oberhofer(Director)

Co-investorsAM Ventures Asimov Ventures 412 Venture Fund

Hystarhystar.org in 𝕏Jan 2023

Hystar develops PEM electrolysers for hydrogen production, using a patented design that combines fuel cell industry technology with electrolyser technology for higher efficiency and safety.

CleantechEnergyHardware

Co-investorsAP Ventures Firda Hillhouse Investment Trustbridge Partners

Hystarhystar.com in 𝕏Jan 2023

Hystar is a Norwegian cleantech company that develops and manufactures high-efficiency PEM (Proton Exchange Membrane) electrolysers, which use renewable electricity and water to produce green hydrogen.

CleantechEnergyHardwareHøvik, NO

Co-investorsFirda MOL Switch AP Ventures Hillhouse Investment Nysnø Climate Investments ORLEN VC +1 more

OTIVotiv.ai in

OTIV develops assisted, remote-control, and autonomous technology for rail freight operations to improve safety and efficiency while reducing carbon emissions and congestion.

AI & Machine LearningCleantechClimate TechDeep TechHardwareIoTLogistics & Supply ChainMobility & TransportationRobotics

Co-investorsSHIFT Invest Pitchdrive

Robovisionrobovision.ai in

Robovision develops Industrial Vision Intelligence Infrastructure, providing AI-based computer vision technology aimed at manufacturers to keep production reliable and compliant across global sites.

Advanced ManufacturingAgTechAI & Machine LearningDeep TechEnterprise SoftwareRobotics

Jonathan Berte(Founder & Chairman of the Board)inTim Waegeman(CTO)inThomas Van den Driessche(Former CEO)inLeon van de Pas(CEO)in

Co-investorsAstanor Ventures Red River West Target Global

Viking Analyticsvikinganalytics.se in

Viking Analytics develops MultiViz, an AI-based platform for vibration and condition monitoring that learns each machine's normal behavior to detect anomalies and issue early warnings.

Advanced ManufacturingAI & Machine LearningIoTGöteborg, SE

Rajet Krishnan(Founder)in

Co-investorsFairpoint Capital Industrifonden ABB Technology Ventures

Wizatawizata.com in 𝕏Feb 2021

Wizata provides AI solutions for lime manufacturing that optimize calcination processes, improve product quality, and reduce energy consumption.

Advanced ManufacturingAI & Machine LearningCleantechFoodTechIoT

Co-investorsVolta Ventures Expon Capital KBC Focus Fund

Portfolio news

latest coverage across their companies

OTIV announces €9 Million investment to automate the backbone of sustainable transport | AJOT.COM

OTIV · ajot.com · Dec 11, 2025

Immaterial: £13.5 Million Series A2 Funding Raised For Scaling Industrial Decarbonization Technology

Immaterial · pulse2.com · Oct 25, 2025

Hystar raises $36 million to accelerate hydrogen technology scale-up - BioEnergy Times

Hystar · bioenergytimes.com · May 14, 2025

Hystar raises USD 36m to accelerate commercial growth - Hystar

Hystar · hystar.com · May 13, 2025

Frequently asked questions

How many investments has Finindus made?: Finindus has 9 tracked investments, including 2 dated in the last 24 months.
What stage does Finindus invest at?: Finindus invests at the Seed, Series A, Series B, Growth stages.
What is Finindus's typical check size?: Finindus typically writes checks of $540K – $5.4M.
What sectors does Finindus focus on?: Finindus focuses on Advanced Manufacturing, Cleantech, Climate Tech, Deep Tech, Energy, Hardware, IoT, New Materials, SaaS.
Where is Finindus located?: Finindus is headquartered in Zwijnaarde, BE.
Who does Finindus co-invest with?: Finindus most often shares deals with Astanor Ventures, Fairpoint Capital, Industrifonden, among 6 tracked co-investors.

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