What stage does SmartFin invest at?

SmartFin invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.

What is SmartFin's typical check size?

SmartFin typically writes checks of $1.1M – $55M.

What sectors does SmartFin focus on?

SmartFin focuses on B2B Marketplaces, Deep Tech, Enterprise Software, Fintech, SaaS.

Where is SmartFin located?

SmartFin is headquartered in Brussels, BE.

SmartFin

Venture capital

Brussels · Seed–Late Stage · 23 people tracked

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Investment thesis

SmartFin targets exceptional, growing B2B technology companies headquartered in Europe, backing ambitious founders who want to lead their markets. Beyond capital, the firm emphasizes hands-on support, clear feedback and relevant guidance drawn from operator experience. It writes investment tickets of up to €50m and manages more than €600m in assets, maintaining a diverse and well-balanced portfolio of around 25 companies. The firm positions itself as a partner that supports and guides the entrepreneurs it trusts, focusing on technology ventures across the European region.

Invests inB2B Marketplaces Deep Tech Enterprise Software Fintech SaaSBelgiumBrusselsEuropeFinlandNetherlandsSwitzerlandTurkeyUnited Kingdom

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Check

$1.1M – $55M

Brussels, BE

Instruments

Equity

Founded

2014

AUM

$660M

Tracked investments

Team · 23 people

from the firm's website & public directories

Bart Luyten· Founding Partner· Lier, Flemish Region, Belgiumin

Bart founded and led Sniper Investments, a B2B technology growth fund, in 2010. He previously served as Investment Director at Partners At Venture and Managing Partner at Privast Capital Partners, both Belgian PE/VC funds focused on B2B tech, and holds degrees in Applied Economics and SME management from the University of Antwerp.

b•••@smartfinvc.comreveal

Jürgen Ingels· Founding Partner & Chairman· St-Katelijne-Waver, Flemish Region, Belgiumin

Founder and former CFO of payment software company Clear2Pay, which was sold to FIS in 2014. He is an entrepreneur and venture capitalist, author of 'Start, Grow, Sell', founding partner of SmartFin, and initiator of SuperNova and The Big Score. He serves on the boards of several companies including WDP, Materialise, Guardsquare, MariaDB, Recharge and Deliverect.

j•••@smartfinvc.comreveal

Saumitra Dubey· Partner· Amsterdam, North Holland, Netherlandsin

A tech M&A banker, VC, and operator who joined Smartfin from portfolio company Recharge, where he led corporate development and M&A. Previously worked on growth capital and tech M&A at J.P. Morgan in London.

Harry Haeck· Partner· Antwerp, Flemish Region, Belgiumin

Harry Haeck began his career as a business lawyer at Deloitte Legal and Liedekerke, focusing on banking and financial law, before moving into investment banking and private equity at BNP Paribas Fortis in 2015 with an emphasis on technology deals. He holds law, management, and financial management degrees from Ghent, Leuven, and Vlerick, and serves as board member/observer at Betty Blocks, Hex-Rays, Payflip, and CrazyGames.

h•••@smartfinvc.comreveal

Sébastien Thiel· Partner – CFO· Antwerp Metropolitan Areain

Co-founder of CFO-as-a-Service firm Finsight Solutions (acquired by Grant Thornton in 2020) and former CFO of Clear2Pay after its FIS acquisition. Began his career at EY and Capco.

s•••@smartfinvc.comreveal

Tallat Mahmood· Partner· Londonin

Former Managing Director at technology investment bank Silverpeak in London, advising European tech companies on M&A and fundraising. Prior experience at Canaccord Genuity, EY, and buyout fund LDC.

t•••@smartfinvc.comreveal

Thomas Depuydt· Managing Partner· Greater London, England, United Kingdomin

Before Smartfin, Thomas managed a portfolio of 100+ companies as Portfolio Manager at iMinds (now imec), supporting their fundraising and growth. He previously worked in management consulting at Accenture and in Bain & Company's private equity practice. He holds degrees from KU Leuven and Ghent University and an MBA from Columbia Business School.

t•••@smartfinvc.comreveal

Laura Guillaume· Principal· Antwerp, Flemish Region, Belgiumin

Laura began her career as a project engineer at Octinion working on agricultural robotics and navigation software before moving into managerial roles. In 2020 she joined Smartfin portfolio company Silverfin as Chief of Staff, focusing on strategy and operations. She holds a Master of Bioscience Engineering from the University of Leuven and a Master in Innovation and Entrepreneurship from Vlerick Business School.

l•••@smartfinvc.comreveal

Toon De Neef· Investment Manager

t•••@smartfinvc.comreveal

Bert Baeck· EIR· Antwerp, Flemish Region, Belgiumin

Former Partner of Smartfin, now co-founder and CEO of Timeseer.ai. Previously co-founded and led TrendMiner, a SaaS IoT/analytics company acquired by Software AG in 2018.

Boris Bogaert· EIR· Antwerp, Belgiumin 𝕏

Boris Bogaert, a repeat founder with Netlog mafia ties and ex‑CEO of Xpenditure/Rydoo, champions agentic AI and software-as-employee thinking, backing sovereign founders who orchestrate large AI workforces for extreme growth.

b•••@pitchdrive.comreveal

Erwin Vandendriessche· Advisor· Ghent Metropolitan Areain

Held senior leadership roles at Belgian semiconductor and satellite scale-ups, contributing to the NASDAQ IPO of ICOS Vision Systems and exits of CMOSIS, Newtec, and Septentrio. Holds a business engineering degree and an MBA from Chicago Booth.

Joris De Meester· Advisor· Antwerp, Flemish Region, Belgiumin

Joris Van Der Gucht· EIR· Ghent, Flemish Region, Belgiumin

Koen Christiaens· EIR· Antwerp, Flemish Region, Belgiumin

Koen Christiaens is a founder-operator and former CPO who scaled Xpenditure into global SaaS Rydoo and now invests as a product-focused partner helping founders build scalable, user-loved products.

k•••@pitchdrive.comreveal

Roel Caers· Advisor· Leuven, Flemish Region, Belgiumin

Shraddha Bhandari· Finance & Administration Manager· Antwerp Metropolitan Areain

Shraddha Bhandari is a Finance & Admin Manager at Smartfin with over 9 years of experience in accounting, finance, and US taxation. Her expertise spans financial analysis and reporting, including budgeting and forecasting, as well as US federal and state tax filing and US GAAP compliance. She has worked with ERP systems including Navision, Exact, and SAP across various client engagements.

Stefan Dierckx· Advisor· Antwerp Metropolitan Areain

Co-founder of Smartfin and Founding Partner/CEO of Projective, a pan-European financial services project management firm. Also co-founded Minos Capital and The Glue, and serves as a board member at Bank van Breda.

Vanessa Malfet· Office Manager· St-Katelijne-Waver, Flemish Region, Belgiumin

Manages Smartfin's office operations since 2023.

Willem Prinselaar· Advisor· Brussels Metropolitan Areain

Co-founder of Sniper Investments and Privast Capital Partners. Previously pursued an international career with ICI Plc and created DBM Belgium. Holds an MBA from INSEAD.

Wim Derkinderen· EIR· Belgiumin

Wim Derkinderen co-founded a founder-led VC in 2017 after scaling a startup and acts as a from-the-trenches, hands-on partner who backs bootstrapped, execution-strong teams and stays loyal.

w•••@pitchdrive.comreveal

Jean-Baptiste Maenhout· Investment Manager· United Kingdomin

Jean-Baptiste Maenhout is an Investment Manager at Smartfin who previously worked as an investment banking analyst at J.P. Morgan in Brussels and London, with earlier internships at Bencis Capital Partners and Lazard. He holds a Master in Business Engineering from KU Leuven and Solvay Brussels School of Economics and Management, and serves as a Board Observer at Payflip.

j•••@smartfinvc.comreveal

Tom De Bondt· Associate· Belgiumin

Former investment analyst at Leuven-based family office Deparco and intern at PwC focusing on startups and scale-ups. Holds a business engineering degree from KU Leuven.

t•••@smartfinvc.comreveal

What they invest in

from 23 of 41 portfolio companies

Enterprise Software ×14SaaS ×12AI & Machine Learning ×7Data & Infrastructure ×5Fintech ×5Consumer ×3Developer Tools ×3E-commerce ×3

HQs:Belgium×3Netherlands×2United Kingdom×1Luxembourg×1Türkiye×1United States×1

Investments · 41 tracked

founders shown can be your intro path

Willowwillow.coin 𝕏✓ verified

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

Ludwig Dumont(Founder)

Ai Bloxai-blox.comin

AI-Blox develops modular hardware platforms for edge AI applications, offering customizable infrastructure with integrated GPUs and touchscreens for robotics, autonomous vehicles, and industrial quality inspection.

AI & Machine LearningHardwareRobotics

Akinonakinon.comin

Akinon provides a digital commerce platform for enterprise retailers, offering software to build and operate e-commerce websites and omnichannel retail operations.

E-commerceEnterprise SoftwareRetail TechSaaS

Tolga(CEO & Co-founder)Çağrı Orçan(Chief Sales Officer & Co-founder)Ahmet Emre Sarı(Executive Chairman)Mümin Öztürk(Co-Founder & Chief Technology Officer)Emre Uçan(VP of Professional Services)Sevcan Demir(Chief Operations Officer)

Ancoaancoa.com

Auditstageauditstage.comin

Auditstage is a cloud-based audit management platform that consolidates fragmented audit tools into a single system, automating data ingestion, workflow management, and documentation with integrated AI for risk detection and review across the entire audit engagement process.

AI & Machine LearningEnterprise SoftwareSaaS

Betty Blocksbettyblocks.comin

Betty Blocks is an AI Application Generation Platform that enables enterprises to build production-ready applications from prompts with built-in governance, audit trails, and portable code ownership.

AI & Machine LearningDeveloper ToolsEnterprise Software

Bright Analytics

Brightanalyticsbrightanalytics.be

CardioMEMScookiedatabase.org

CrazyGamescrazygames.comin

CrazyGames is a free browser gaming platform hosting over 4,500 games across multiple genres for casual players on desktop and mobile devices.

ConsumerGaming

Raf Mertens

Deliverect newdeliverect.comin

Deliverect operates a platform designed to support the food service and restaurant industry worldwide, facilitating growth and digital operations through integration with major food delivery and point-of-sale partners.

E-commerceEnterprise SoftwareFoodTechRetail TechSaaS

Diviteldivitel.comin 𝕏

Divitel provides observability and operational intelligence software for telecom operators, ISPs, and media companies managing complex video and broadband platforms.

AI & Machine LearningData & InfrastructureEnterprise Software

Emmaemma.msin

Emma provides a multi-cloud management platform that enables organizations to deploy, manage, and optimize infrastructure across on-premises, private, and public cloud environments without vendor lock-in.

Cloud ComputingDeveloper ToolsEnterprise SoftwareSaaSLuxembourg, LU

Dmitry

Eyesee

Eyesee Researcheyesee-research.comin

EyeSee is a behavioral research firm that provides predictive insights for shopper behavior, advertising effectiveness, product innovation, and e-commerce optimization.

ConsumerData & InfrastructureMarketing Tech

Fimple

Cloud-native core banking software provider

Happeohappeo.comin

Hex Rayshex-rays.comin 𝕏

Hex-Rays develops IDA, a binary analysis tool used by cybersecurity professionals for reverse engineering, malware analysis, and vulnerability research across multiple processor architectures.

CybersecurityDeveloper Tools

Ilfak Guilfanov(Founder)

Idirectidirect.netin 𝕏

ST Engineering iDirect develops satellite communication technologies and connectivity solutions for defense, government, enterprise, and media customers.

Defense TechEnterprise SoftwareSpace Tech

Incardincard.comin 𝕏

Incard is a financial operating system for high-spend online businesses offering multi-currency business accounts, corporate cards with uncapped cashback rewards, money transfer, and connected banking to manage multiple accounts in one place.

Enterprise SoftwareFintechSaaS

Itinerisitineris.netin 𝕏

Itineris provides a SaaS platform that connects utility management processes including customer service and metering on a unified system.

Enterprise SoftwareGovTechSaaS

Locatee

Luzmoluzmo.comin 𝕏

Newtec

Ng Datangdata.comin

NGDATA provides an AI-powered customer data platform for financial institutions that unifies and activates existing customer data to drive deposit growth and customer lifetime value without replacing core banking systems.

AI & Machine LearningData & InfrastructureFintech

Openupopenup.com

Payflippayflip.bein

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

RALLYmariadb.comin 𝕏

MariaDB develops a relational database system designed to serve as a cost-effective alternative to legacy databases like Oracle for storing and accessing data across mobile, web, and IoT applications.

Cloud ComputingData & InfrastructureEnterprise SoftwareSilicon Valley, US

Vikas Mathur(Chief Product Officer)

Rechargerecharge.com

Recharge.com is an online platform that sells mobile phone credit, gaming vouchers, and prepaid payment cards with instant digital delivery.

ConsumerE-commerceFintech

Roamlerroamler.comin

Roamler provides real-time retail monitoring and field execution services for FMCG brands and retailers across Europe, helping them identify growth opportunities and optimize store performance through data collection and on-demand field teams.

Data & InfrastructureMarketing TechRetail Tech

Sequestosequesto.comin

Silverfinsilverfin.com

Tangoanalyticstangoanalytics.comin

Tango provides a software platform for managing commercial real estate portfolios across corporate, retail, and other enterprises.

Enterprise SoftwarePropTechSaaS

The Gluetheglue.com

Theo Technologies

Theoplayerin 𝕏

Dolby OptiView is a video streaming technology platform that delivers synchronized live sports experiences across devices for streaming platforms, rights holders, and betting operators.

Media & EntertainmentSaaS

Timefoldtimefold.aiin 𝕏

Timefold builds AI-powered scheduling and operational planning software, delivered as APIs, that generates optimized, transparent, and adaptable schedules for teams managing workforce and field operations.

Advanced ManufacturingAI & Machine LearningClimate TechDeep TechEnterprise SoftwareLogistics & Supply ChainSaaS

Timeseertimeseer.ai

Timeseer Ai

Unifiedpostunifiedpost.comin

Banqup (formerly Unifiedpost) provides automated digital solutions for invoicing, payment processing, and tax compliance across procure-to-pay, order-to-cash, and payment workflows.

Enterprise SoftwareFintechSaaS

Zivverzivver.comin 𝕏

Frequently asked questions

What stage does SmartFin invest at?: SmartFin invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is SmartFin's typical check size?: SmartFin typically writes checks of $1.1M – $55M.
What sectors does SmartFin focus on?: SmartFin focuses on B2B Marketplaces, Deep Tech, Enterprise Software, Fintech, SaaS.
Where is SmartFin located?: SmartFin is headquartered in Brussels, BE.

Media · Podcasts & interviews

featuring the team

Wat money “smart” maakt | Jürgen Ingels van Smartfin (ep. 2/5)

On Good Terms · Jürgen Ingels

SuperHero Conversations EP2 | Jürgen Ingels - Founder SuperNova & Smartfin

SuperNova · Jürgen Ingels

137. Jürgen Ingels, Smartfin Capital, Over Tech Durfkapitaal

Discours Met De Boys · Jürgen Ingels

3. The Preview: "Ondernemen/Durfinvesteringen" met Jürgen Ingels, Founder van Smartfin

Business AM · Jürgen Ingels

Faraday Video Blog: Thomas Depuydt about Smartfin and the local ecosystem

Faraday Venture Partners · Thomas Depuydt

Images

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