Fundraising Fox
White Fund
Venture capitalLiège · Seed–Series A · 15 people tracked
Also known as White Fund SA
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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 7 of 11 portfolio companiesDigital Health ×6Healthtech ×6Medical Devices ×6AI & Machine Learning ×2Biotech ×1Consumer ×1Deep Tech ×1FemTech ×1
HQs:Belgium×3Germany×1
Investments · 11 tracked
founders shown can be your intro pathBy year:2026 · 12023 · 12022 · 13 dated
Axithra, a spin-off from Ghent University's Photonics Research Group and imec, develops an optics- and photonics-based platform for therapeutic drug monitoring that measures and monitors drug concentrations in blood at the point of care.
Deep TechDigital HealthHealthtechMedical Devices
Co-investorsimec.xpandKurma PartnersQbic FundWallonie Entreprendre
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-investorsimec.istartNovalis BiotechPMV
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(Founder)inHans Raffauf(Founder)Moritz von Buttlar(Founder)Mike LaVigne(Founder)Rhiannon White(CEO)inGreg Ryzhov(CTO)
Co-investorsAtlanticBalderton CapitalExpedite VenturesFJ LabsFuture Positive CapitalGotham Gal Ventures+9 more
Endo Tools Therapeutics develops endoscopic devices to enable minimally invasive therapeutic surgical procedures in gastroenterology.
HealthtechMedical DevicesGosselies, BE
Co-investorsCapricorn Venture PartnersÉpimède
Intressa Vascular develops the Allay Aortic Stent using proprietary multilayer braiding technology and personalized procedure planning to treat aortic dissections in patients requiring endovascular intervention.
Digital HealthHealthtechMedical Devices
Pierre Douette(Chief Executive Officer)in
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 Partnersimec.istartPMV
Neuroclues develops eye-tracking technology to identify neurological disorders including Parkinson's, Alzheimer's, and Multiple Sclerosis before symptoms appear, serving clinicians and healthcare practitioners.
AI & Machine LearningBiotechDigital HealthHardwareHealthtechMedical DevicesLouvain-la-Neuve, BE
Pierre DayeinPierre PougetAntoine Pouppezin
BoardBas Bloem(Founder (Radboudumc Center of Expertise for Parkinson's & Movement Disorders))
Co-investorsGraph VenturesTeampact.ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
BedalBingliMoveup
Frequently asked questions
- How many investments has White Fund made?
- White Fund has 11 tracked investments, including 1 dated in the last 24 months.
- What stage does White Fund invest at?
- White Fund invests at the Seed, Series A 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, imec.istart, PMV, among 10 tracked co-investors.
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