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Complix develops therapeutic biologics based on Alphabody technology targeting viral diseases, oncology, and autoimmune conditions.

AI & Machine LearningBiotechDeep TechMedical Devices

Co-investorsANAndera PartnersVEVesalius Biocapital PartnersGIGimvOMOmnes Capital

Itineris develops utility software solutions that help water and energy companies optimize operations, manage energy and water consumption, and support environmental goals.

AI & Machine LearningEnergyEnterprise SoftwareGovTechSaaSNot stated

EVEdgard Vermeersch(CEO & Founder)in

Co-investorsSMSmartFinALAlychloGIGimv

Relu offers AI-powered segmentation and registration software for CBCT scans, digital impressions, and facial scans used in dental and oral surgery workflows.

AI & Machine LearningHealthtechMedical DevicesSaaSLeuven, BE

Co-investorsDIDIAKBKBC

Relu is an AI company that automates dental design and planning workflows, offering software to segment teeth from CBCT scans and generate AI-powered designs for dental clinics and labs.

AI & Machine LearningDigital HealthHealthtechMedical DevicesSaaSLeuven, BE

Co-investorsDIDIAKBKBC

Rewind Therapeutics is a biotech company focused on neurodegeneration and neuroimmune diseases, with leadership and scientific advisory expertise in drug discovery, clinical development, and translational research for conditions like multiple sclerosis and Alzheimer's disease.

BiotechDeep TechDigital HealthHealthtechMedical DevicesLeuven, BE

Jim Van Heusden(Executive Chair)Irene Knuesel(Chief Scientific Officer)Christophe Van Vaeck(Chief Financial Officer)Ricardo Hermosilla(Head of Translational Medicine)Stephen Burbidge(VP Preclinical Drug Development)

Co-investorsBOBoehringer Ingelheim Venture FundM M VenturesSUSunstone Capital

Willow (originally founded as Contento) offers social media management for small and medium-sized B2B professional service providers, combining a scheduling and content platform with AI tools and human social media coaching.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSGhent, BE

LDLudwig Dumont(Founder)in

Co-investorsSMSmartFinLILightstone VenturesHEHetz VenturesMEMeritech Capital PartnersNENew Enterprise Associates (NEA)

Aneta operates an email-based AI research service that runs 15 specialized agents across academic, market, technical, and legal sources for days to produce long, citation-backed research reports.

AI & Machine LearningEnterprise SoftwareSaaS

Co-investorsPEPebblebedANAndera PartnersBGBGVFOForbionFOFountain Healthcare PartnersHTHTGF+2 more

Animab develops proprietary antibodies that mimic natural intestinal protection mechanisms to safeguard piglets' health during post-weaning, a critical period in livestock production.

AgTechBiotechDeep TechHealthtechGhent, BE

VVVikram Virdi(Chief Science Officer & Scientific Co-Founder)inAnn DepickerNCNico CallewaertECEric CoxHDHenri De GreveAWAlain Wille(CEO)in

Co-investorsAGAgri Investment FundSESeventure PartnersQBQbic FundV-V-Bio Ventures

Aphea.Bio develops bioinsecticides targeting sap-sucking insects that damage crops, in partnership with Bayer to accelerate their development.

AgTechBiotech

IVIsabel Vercauterenin

Co-investorsASAstanor VenturesEUEuropean Circular Bioeconomy FundINInnovation IndustriesV-V-Bio VenturesAIAIFBIBill & Melinda Gates Foundation+1 more

The company develops therapies for people with severe autoimmune diseases.

BiotechHealthtechMedical Devices

Co-investorsAVAvoro Capital AdvisorsMPMPM BioImpact

ÅSKA builds full-suspension speed pedelecs (45 km/u e-bikes) with wide tires, belt drive, gearbox and rear-wheel motor, designed for daily commuting on Belgian roads and rough surfaces.

ConsumerHardwareMobility & Transportation

FDFilip Dehing(Founder)in

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-investorsCACapricorn Venture PartnersHEHeran Partners

Astrivax Therapeutics is a clinical-stage biopharmaceutical company developing immunotherapies to treat virus-driven cancers, particularly HPV16-associated cancers like cervical and head and neck cancer.

BiotechDigital HealthHealthtechMedical Devices

HCHanne Callewaert(Founder)in

Co-investorsFUFund+KOKorysV-V-Bio Ventures

Augustine Therapeutics is a biotech company developing HDAC6-targeted therapies for peripheral neuropathies such as Charcot-Marie-Tooth disease and chemotherapy-induced peripheral neuropathy, as well as neurodegenerative disorders like ALS.

BiotechMedical Devices

Co-investorsADAdBio partnersJEJeito CapitalNONovo HoldingsV-V-Bio VenturesASAsabys PartnersNENewton Biocapital

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-investorsNANavitas CapitalASAster CapitalCACapricorn Venture PartnersNVNV NOMSISignet Healthcare PartnersSOSofinnova 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

BLBatist Leman(CEO)in

Co-investorsCACapricorn Venture PartnersKEKeen Venture PartnersANAngelwise

B2Bike is a Belgian company that manages bike leasing and fleet solutions for employers, employees, and self-employed individuals.

Mobility & TransportationSaaSBelgium, BE

Elmer Slag(Managing Director)in

BoardJohan De Mulder(Bestuurder)

Bao Living produces SAM (Smart Adaptable Module), a prefabricated modular core that integrates kitchen, bathroom, storage, electricity, heating, and ventilation into a single unit installed in 1-3 days, adding usable living space to residential projects.

A Belgian website publishing blog content about beer brewing, covering topics such as quality control and the brewing process.

Media & Entertainment

Belgian Growth Fund operates fund-of-funds vehicles that invest in late-stage venture, growth, and buy-out funds.

bematrix produces a modular aluminum frame system used to build temporary structures such as exhibition stands, congress walls, indoor and outdoor events, and pop-ups.

Construction TechHardwareNew Materials

SDStefaan Decroos(Founder)in

Biocartis develops molecular diagnostic testing systems for cancer, with a focus on enabling personalized medicine through rapid, in-house biomarker analysis.

BiotechDigital HealthHealthtechMedical DevicesMechelen, BE

Co-investorsADAdvent Life SciencesKOKorysNENew Rhein Healthcare Investors, LLC

Biogazelle develops RNA biomarker discovery and transcriptome profiling solutions for clinical research and diagnostics.

BiotechDigital HealthHealthtechMedical Devices

Biotalys develops protein-based biocontrol products for crop protection, giving farmers tools to prevent crop loss and extend post-harvest protection while reducing food waste.

AgTechBiotechFoodTechGhent, BE

Co-investorsAGAgri Investment FundSOSofinnova Partners

BlueChem is an incubator and business park facility for sustainable chemistry startups and scale-ups in Belgium, providing labs, offices, and workspace for companies to scale from lab to industrial production.

Circular EconomyCleantechClimate TechDeep TechNew MaterialsAntwerp, BE

Borit manufactures metal bipolar plates for fuel cells and electrolyzers, serving the hydrogen energy and clean energy sectors with specialized metal sheet forming, laser cutting, welding, and gasketing capabilities.

Advanced ManufacturingCleantechEnergyNot specified, BE

POWR is a liquid laundry detergent product featuring enzyme technology designed for color-safe washing with easy dosing and competitive cost per wash.

ConsumerDirect to ConsumerE-commerce

Co-investorsPIPitchdrive

Cascador Health provides real-world data analytics and clinical research services to pharmaceutical companies and healthcare organizations, focusing on market access, clinical evidence generation, and therapy adoption in healthcare.

BiotechData & InfrastructureDigital HealthHealthtechMedical Devices

PTPhilip Taillieu(Founder & CEO)

Co-investorsQBQbic FundVOVolta Ventures

CHILI publish provides data-driven visual content production software that automates the creation of multichannel retail marketing assets from product data.

AdTechAI & Machine LearningEnterprise SoftwareMarketing TechRetail TechSaaSAalst, BE

BVBram Verniest(Co-Founder and Chief Evangelist)in

Co-investorsPAPamica NVVOVolta Ventures

Chocolate Nation is an experience museum in Antwerp dedicated to the story of Belgian chocolate, guiding visitors through fourteen themed rooms with chocolate tastings.

ConsumerFoodTechMedia & EntertainmentAntwerp, BE

Clouds of Care develops EEG and electrophysiology-based digital health technology and software (including FDA-cleared/CE-marked SaMD) to provide meaningful endpoints for clinical development in CNS disorders such as epilepsy and sleep disorders.

AI & Machine LearningDigital HealthHealthtechMedical Devices

Co-investorsNONovalis BiotechWHWhite Fund

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

JSJan Steyaert(Founder (Scientific))inCVCedric Ververken(CEO)in

Co-investorsCACapricorn Venture PartnersFUFund+QUQuest for GrowthV-V-Bio VenturesBIBioGeneration Ventures

Dentius operates a network of multidisciplinary dental clinics across Belgium and the Netherlands, emphasizing preventive care, patient-centered treatment, and natural tooth preservation.

HealthtechMedical DevicesAntwerp, BE

Dripl offers an all-in-one smart dispenser (Dripl Flow, in built-in and free-standing models) that serves personalized functional and flavored drinks with adjustable taste, temperature, and carbonation for workplaces.

Circular EconomyHardwareWellness & Fitness

Lucas Moreau(Founder)inCDColin Deblonde(Founder)in

Co-investorsFAFaraday Venture Partners

Etherna is an RNA-LNP technology company that develops proprietary RNA chemistry and lipid nanoparticle delivery platforms for nucleic acid–based therapeutics, and partners with pharma and biotech organizations from early discovery through clinical development.

BiotechDeep TechMedical DevicesNiel, BE

Co-investorsFUFund+BOBoehringer Ingelheim Venture FundEQEQT Life SciencesNONovalis LifeSciencesPWPWV

Euroports is a port operator and logistics company that manages cargo and vessel operations across European ports.

Logistics & Supply ChainRotterdam, BE

Gabriël Kierkels(Group Sustainability and QHSE Director)in

Co-investorsANAntin Infrastructure Partners

Exact Imaging develops the ExactVu micro-ultrasound platform, a 29 MHz imaging system that lets urologists perform real-time targeted and systematic prostate biopsies within a standard workflow.

HardwareHealthtechMedical DevicesMarkham, CA

HWHarold Wodlinger(Director)inRARandy AuCoin(President & CEO)inRSRob Sandler(Executive Officer)inJerrold Wen(Executive Officer)in

BoardWilliam Wortman(Director)GMGaston Matthyssens(Director)

Co-investorsIGiGan PartnersLULumira VenturesVEVenture OntarioVEVesalius Biocapital Partners

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

MDMatthieu De Beule(Co-founder and CEO)inPMPeter Mortier(Co-founder and CTO)inNico

Co-investorsCACapricorn Venture Partners

Gerantis provides property management services for co-owners associations and private owners, handling common-area management, tenant follow-up, technical maintenance, and legal obligations, supported by a digital platform called Dobby for financial reporting and decision-making.

PropTechSaaS

Co-investorsM8M80 Partners

Hertecant Flanges manufactures forged and machined stainless steel and alloy flanges for industrial applications.

Advanced ManufacturingHardwareWesterlo, EU

Ivan HertecantClarinda Hertecant

hsbCAD is a design and visualization software tool for construction professionals that enables creation of drawings, models, and simulations.

Construction TechDeveloper ToolsSaaSGhent, BE

KVKarel Vinckier(Founder)inKRKris Riemslagh(Founder)in

Inopsys transforms chemical and pharmaceutical industry side streams—such as wastewater containing toxic organics, metals, and active pharmaceutical ingredients—into circular resources through science-driven treatment solutions.

Circular EconomyCleantechEnterprise SoftwareNew MaterialsLeuven, BE

SDSteven De Laet(CEO)inKVKwinten Van Eyck(CTO)in

InvestSuite develops iVaR, a risk measurement framework and portfolio construction methodology for investment advisors and roboadvisors.

AI & Machine LearningCrypto & Web3Enterprise SoftwareFintechSaaS

IVEX transforms manual safety testing workflows into automated, data-driven processes for vehicle evaluation and ADAS/NCAP validation.

AI & Machine LearningData & InfrastructureDeep TechDeveloper ToolsMobility & TransportationHeverlee, BE

Jardinico designs and supplies exclusive outdoor furniture and decorative pieces for gardens and terraces, distributing its collections internationally through distributors, independent agents, and local dealers in both retail and contract markets.

Consumer

JUUNOO designs and sells modular interior systems—including soundproof pods, partition walls, and glass systems—for commercial real estate developers, with a circular business model enabling reuse and reducing construction waste.

Circular EconomyConstruction TechFuture of WorkPropTechNew York, US

CVChris Van de Voorde(Founder & CEO)in

KAAI designs functional yet stylish handbags and work bags for active, professional women, with a focus on timeless design and organization.

ConsumerDirect to ConsumerE-commerceAntwerp, BE

IVIne Verhaert(Co-founder)inHMHelga Meersmans(Co-founder & Designer)in

Loop makes reusable earplugs designed for hearing protection, sleep, focus, and social settings, sold directly to consumers.

ConsumerDirect to ConsumerWellness & FitnessAntwerpen, BE

DODimitri O(Co-founder)MBMaarten Bodewes(Co-founder)in

Luminex manufactures network-based DMX lighting data processing devices that convert, route, and merge lighting control protocols for professional entertainment and architectural venues.

Enterprise SoftwareHardwareIoTMedia & EntertainmentEksel, BE

Jan Renckels(Co-founder)BSBart Swinnen(CEO)in

Micledi develops microLED display technology and solutions for the semiconductor and display industries.

Deep TechHardwareSemiconductorsAntwerp, BE

MWMarc Wachsmuth(CEO)in

Co-investorsIMimec.xpandKBKBC Focus Fund

miDiagnostics develops a portfolio of molecular diagnostic tests designed for rapid and accurate results to support healthcare professionals in clinical diagnosis and patient care.

AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesLeuven, BE

KVKatleen Verleysen(Chief Executive Officer)in

Co-investorsPAPamica NVALAlychlo

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-investorsCACapricorn Venture PartnersWHWhite Fund

Newtec designs and manufactures automated machinery for weighing, packaging, and sorting fruits and vegetables.

Advanced ManufacturingAgTechFoodTechHardwareOdense, DK

JCJens Christian Lundholtin

Nobi manufactures intelligent lamps equipped with optical sensors and artificial intelligence to detect falls and monitor health for elderly care in residential facilities and home settings.

AI & Machine LearningHealthtechIoT

RPRoeland Pelgrims(Founder)in

Co-investors1515th RockANAngelini VenturesEQEQT Life Sciences

Odette Lunettes is a fashion eyewear brand that designs and sells spectacles and frames for style-conscious consumers.

ConsumerDirect to ConsumerE-commerceAntwerp, BE

EDEline De Munck(Co-founder)inBob Geraets(Co-founder)in

Oqton develops AI-driven software for additive manufacturing, combining CAD/CAM technology, cloud integration, and simulation to help manufacturers scale industrial production.

Advanced ManufacturingAI & Machine LearningCloud ComputingSaaS

Co-investorsFOFortino Capital

Ovinto offers an AI-driven, API-first supply chain orchestration platform that centralizes and connects a company's existing software tools into one environment, using conversational AI, dashboards, and automation to provide real-time visibility and analytics.

AI & Machine LearningLogistics & Supply ChainSaaS

PanTera develops actinium-225, a therapeutic radioisotope used in precision cancer treatment through radiotheranostics, serving oncology patients and pharmaceutical companies globally.

BiotechDeep TechHealthtechMedical DevicesMol, BE

SVSven van den berghe(CEO)inCMChristophe Malice(CBO)inSamy Bertrand(CTO)inYSYves Sterckx(Director of Finance & Administration)inPhilippe Vanwolleghem(Director Quality, Regulatory Affairs & HSE)

Co-investorsEQEQT Life SciencesKOKorysKUKurma PartnersLSLSP (Life Sciences Partners)

Parkwind finances, develops, and operates offshore wind energy projects for communities, governments, and energy suppliers across Europe and Asia.

CleantechClimate TechEnergyBelgium, BE

Co-investorsJEJERAKBKBC

Payflip provides a digital platform that allows employees to customize their compensation packages with flexible benefits like bicycles, smartphones, charging stations, or additional vacation days.

FintechHR TechSaaS

JLJon Lopez Garcia(Founder)inMNMaura Nachtergaele(Founder)in

Co-investorsSMSmartFinIMimec.istartKBKBC

Protealis breeds legume crops such as soybeans and yellow peas and develops proprietary seed coatings with nitrogen-fixing bacteria adapted to the European climate.

AgTechBiotechFoodTechGent, BE

BLBenjamin Laga(Co-founder & CEO)inJonas Aper(Co-founder & Director of Breeding)in

Co-investorsAGAgri Investment FundINInnovation IndustriesKOKorysV-V-Bio VenturesESEstari GroupVIVIB+1 more

Qollabi provides an AI-powered platform that helps insurance brokers and account managers identify revenue opportunities within existing client portfolios through cross-sell and upsell detection.

AI & Machine LearningInsurTechSaaSSales TechBrussels, BE

FPFrie Pétré(CEO & Founder)in

Co-investorsANAngelwiseKPKPN Ventures

QustomDot develops quantum dot synthesis and engineering technology for applications utilizing nanocrystal and ink-based manufacturing processes.

Deep TechHardwareNew MaterialsQuantum ComputingGhent, BE

INIgor Nakonechnyi(Founder)in

Co-investorsVIVIGO Ventures

REIN4CED develops thermoplastic composite materials and manufacturing processes with a focus on recyclability, reusing and recycling in-house waste to create new products.

Advanced ManufacturingCircular EconomyNew Materials

MCMichaël Callens(Founder)in

RheaVita manufactures scalable freeze-dryer systems for pharmaceutical and vaccine development, ranging from R&D models to GMP-compliant production units.

Advanced ManufacturingBiotechDeep TechHardwareMedical DevicesGhent, BE

JCJos Corver(Co-founder)inTDThomas De Beer(CEO)in

Co-investorsNONovalis Biotech

Sentea commercializes silicon photonics-based fiber optic sensor technology and interrogators, originating from over a decade of research at Ghent University's Photonics Research Group and imec.

Deep TechHardwareIoTGhent, BE

KVKarsten Verhaegenin

Sequana Medical develops the alfapump system and DSR therapy for treating fluid overload in patients with conditions such as liver disease and heart failure.

BiotechHealthtechMedical DevicesGhent, BE

Co-investorsNENewton BiocapitalBLBlackRockEQEQT Life SciencesKRKreos CapitalRORosetta Capital Ltd.VIVI Partners+2 more

Skilpod manufactures modular residential housing units that can be configured as single dwellings, small developments, or large-scale apartment complexes for individual and institutional investors seeking to address housing shortages.

Advanced ManufacturingCleantechConstruction TechPropTech

PSPieter Schoofs(managing director)in

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)inBDBrik De Maeyer(Founder)in

Co-investorsCACapricorn Venture PartnersPEPeak

Teamleader develops business management software for SMEs, the self-employed and agencies, covering leads, contacts, projects, invoicing, expenses and reporting from a single platform.

Enterprise SoftwareFintechSaaSSales TechGhent, BE

JDJeroen De Wit(Founder)in

Co-investorsKEKeen Venture PartnersFOFortino Capital

TechWolf builds AI-driven skills intelligence software that helps enterprises unlock and manage talent based on skills rather than job titles or credentials.

AI & Machine LearningEnterprise SoftwareHR TechGhent, BE

MWMikael WornooinADAndreas De NeveinJVJeroen Van HautteinJVJeroen Van Hautte 🐺(Founder)in

Co-investorsACAcadian Ventures Management, LlcFEFELIX CAPITALSYSyndicate One

TrendMiner provides software for analyzing and managing industrial operational data, serving engineers and data scientists in manufacturing and process industries.

Advanced ManufacturingAI & Machine LearningData & InfrastructureEnterprise SoftwareIoTSaaS

Unifiedpost Group (rebranded as Banqup) provides digital automation and compliance solutions for invoice management, payment processing, and tax reporting.

Enterprise SoftwareFintechSaaS

Co-investorsFRFrancisco PartnersSMSmartFinFOFortino Capital

Unifly develops a unified traffic management platform for drone and urban air mobility operators, offering end-to-end services from flight planning and validation through execution and post-flight reporting.

HardwareIoTLogistics & Supply ChainMobility & TransportationRoboticsSaaS

Varel Security installs and maintains security systems for homes and businesses, offering personalized advice, custom quotes, installation, regular maintenance, and 24/7 intervention support.

HardwareIoT

Flow is a data transformation platform that applies governed, model-driven automation to the Gold layer of data lakehouse architecture.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise Software

Co-investorsOCOctopus Ventures

Via Nova develops antiviral therapies targeting acute and subacute viral infections, including respiratory, gastrointestinal, and neurological infections.

BiotechDigital HealthMedical DevicesOakland, US

Donald Ganem(Executive Officer, Director)Benjamine Liu(Director)Ilan Zipkin(Director)

BoardJJJoseph Jimenez(Director)in

Co-investorsADAditum Bio

Belgian startup with a platform connecting IoT applications to enterprise IT systems and cloud services; raised 1.2M EUR led by PMV and AAAF.

Co-investorsANAngelwise

XFA provides device security and endpoint compliance solutions for organizations, enabling visibility into devices accessing business platforms and enforcement of security policies across enterprise, technology, healthcare, fintech, education, and other sectors.

CybersecurityDeveloper ToolsEnterprise SoftwareSaaS

LVLars VeelaertinGVGijs Van Laerin

Co-investorsCUCuriosity VCSESeeder FundSCScaleFund