White Fund
Venture capitalLiège · Seed–Series B · 15 people tracked
Also known as White Fund SA
Investment thesis
White Fund is a specialist medtech venture capital fund based in Belgium. It focuses entirely on the medical technology and life sciences sector, supporting companies from their pre-market development stages through to the launch of sales, with a target exit horizon of 5 to 8 years. With a EUR 38 million fund it aims to finance roughly 10 projects. The fund leverages an extensive network of professional co-investors, including its own shareholders, and access to medtech experts and key opinion leaders (KOLs) drawn from its life sciences experience.
Source: firm website, verified Aug 7, 2026.
Team · 15 people
from the firm's website & public directories
What they invest in
from 6 of 11 portfolio companiesMedical Devices ×5Healthtech ×4Digital Health ×3AI & Machine Learning ×1Consumer ×1Deep Tech ×1FemTech ×1Wellness & Fitness ×1
HQs:Belgium×2Germany×1
Investments · 11 tracked
founders shown can be your intro pathBy year:2026 · 12023 · 12 dated
Axithra develops a photonics-based device using Raman spectroscopy on a chip to measure the free, active fraction of drugs in patient blood for bedside therapeutic drug monitoring.
Deep TechHealthtechMedical Devices
Co-investorsKurma PartnersQbic Fundimec.xpandWallonie Entreprendre
Co-investorsPMV
Clue is a menstrual and reproductive health app that lets people track their periods, cycle, ovulation, fertility, and related symptoms, and contributes anonymized data to scientific research with institutions such as Johns Hopkins and the Gates Foundation.
ConsumerDigital HealthFemTechWellness & FitnessBerlin, DE
Ida Tin(Co-founder & former CEO)Hans Raffauf(Co-founder)Moritz von Buttlar(Co-founder)Mike LaVigne(Co-founder)Rhiannon White(CEO)Greg Ryzhov(CTO)
Co-investorsBalderton CapitalFuture Positive CapitalMolten VenturesMosaic VenturesNGP CapitalTeampact.ventures+3 more
Endo Tools Therapeutics develops endoscopic medical devices for incisionless treatment of gastric conditions, including obesity, allowing gastroenterologists to perform endoscopic suturing through a natural orifice.
HealthtechMedical Devices
Co-investorsCapricorn Venture Partners
Intressa Vascular develops medical devices for treating life-threatening cardiovascular conditions, specifically Type B aortic dissections and residual dissections.
HealthtechMedical Devices
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-investorsCapricorn Venture PartnersPMV
neuroClues develops a portable, CE-marked Class IIa eye-tracking device that records eye movements at high frame rates and uses AI algorithms to compute objective biomarkers, helping neurologists with differential diagnosis of parkinsonian syndromes and cerebellar assessment.
AI & Machine LearningDigital HealthMedical Devices
BoardBas Bloem(Founder (Radboudumc Center of Expertise for Parkinson's & Movement Disorders))
Co-investorsGraph VenturesTeampact.ventures
Portfolio news
latest coverage across their companiesClue · word.tips · Jul 29, 2026
Frequently asked questions
- How many investments has White Fund made?
- White Fund has 10 tracked investments.
- What stage does White Fund invest at?
- White Fund invests at the Seed, Series A, Series B stages.
- What is White Fund's typical check size?
- White Fund typically writes checks of $2.2M – $5.4M.
- What sectors does White Fund focus on?
- White Fund focuses on Biotech, Healthtech, Medical Devices.
- Where is White Fund located?
- White Fund is headquartered in Liège, BE.
- Who does White Fund co-invest with?
- White Fund most often shares deals with Capricorn Venture Partners, PMV, Graph Ventures, among 6 tracked co-investors.
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