FirmScope

Brussels directory · 54 firms

Venture capital firms in Brussels

Belgian venture is easy to underestimate because it does not sit in one postcode. The funds investing from Brussels back spin-outs from Leuven and Ghent, biotech off the Walloon science parks, and the SaaS companies Belgium quietly exports - often alongside the university funds and family capital that anchor the ecosystem. FirmScope maps 54 venture firms investing from Brussels, each verified by hand: the fund exists, it is investing, and the stage and sector shown match what it actually backs.

The list is below. The full directory carries working links for every fund, named contacts where published, and filters by stage and sector - useful whether you are raising, researching or trying to land a rare analyst seat.

11
Early Stage
9
Seed
8
Venture (Generalist)
7
Multi-Stage

Look up a firm

25 of the 54 firms on the list

FirmFocusTeam size
SparkalisMulti-Stage51-200
AstanorSeed11-50
Droia VenturesVenture (Generalist)11-50
Great Grey InvestmentsEarly Stage11-50
Inphagro BVBA-11-50
LiftmeoffPre-Seed11-50
Merifin CapitalMulti-Stage11-50
NEWTON BIOCAPITALEarly Stage11-50
Shaping ImpactVenture (Generalist)11-50
Theodorus Investment FundsEarly Stage11-50
4 VenturesMulti-Stage2-10
AkilesGrowth2-10
Alteon GroupVenture (Generalist)2-10
Belcube One sprlSeed2-10
Beprosoft VentureMulti-Stage2-10
Bioqube VenturesVenture (Generalist)2-10
Blueprint VCEarly Stage2-10
C Square Lab-2-10
Cascara VenturesSeed2-10
Compagnie 14-2-10
E-Merge sa-nvEarly Stage2-10
Endgame CapitalPre-Seed2-10
FontemPre-Seed2-10
HARDBALL-2-10
Honey Badger VenturesVenture (Generalist)2-10

Ordered by team size, then name. Websites, LinkedIn pages, search and filters are in the full directory.

The other 29 firms

See the whole list, with working links and contacts

Every firm, verified website and LinkedIn links, named contacts where published, filters, private notes and an outreach tracker. Free account first, no card needed.

Create a free accountSee pricing

What counts as venture capital here

Funds that invest from a Brussels base - independent partnerships writing first cheques from pre-seed through growth, including the impact funds and university-linked vehicles Belgium favours.

Angel syndicates without a fund structure, corporate venture arms and the Brussels marketing offices of international platforms are excluded; they play a different game with different doors in.

Full detail on sourcing and verification is on the methodology page.

Common questions

How many VC firms are based in Brussels?

FirmScope currently tracks 54 venture firms in Brussels. Belgian venture also clusters around Ghent, Leuven and Antwerp, so the Brussels list is the capital's slice of a wider ecosystem - updated as funds launch and wind down.

Do Brussels VC funds hire analysts?

Rarely and quietly - most run lean teams and fill junior seats through their networks. That is precisely why a direct, well-researched approach outperforms waiting for a posting that never appears.

What sectors dominate Belgian venture?

Biotech and health off the university pipeline, B2B software, deep tech and a growing climate cluster - with the EU institutions nearby, regulatory-adjacent startups find unusually informed backers here.

More Brussels directories

Investment BankingConsultingPrivate EquityAsset ManagementCorporate Law

Every city FirmScope covers, live and upcoming, is on the coverage page.