Ecosystem
Belgium
€989.3MCapital tracked
71Disclosed rounds
51Funds deploying
81Startups tracked
Belgium, in numbers
Sesamers round tracker · disclosed rounds only · EUR-converted
Capital by sector
Capital by sector, share of capital tracked. Donut chart, 5 slices. €989.3M Tracked. Other 57% (57%), Advanced Materials 15% (15%), Micromobility 10% (10%), Fintech 9% (9%), Mobility 9% (9%).
- Other57%
- Advanced Materials15%
- Micromobility10%
- Fintech9%
- Mobility9%
Source: Sesamers round tracker
Capital by quarter
Capital by quarter. Bar chart, 4 bars. Highest: Q1 26, €229.5M. Lowest: Q4 26, €28.8M. Highlighted: Q4 26. Values: Q1 26 €229.5M, Q2 26 €87.2M, Q3 26 €131.1M, Q4 26 €28.8M.
Source: Sesamers round tracker
Rounds by stage
Share of rounds by stage. Bar chart, 6 rows. Pre-seed 11%, Seed 34%, Series A 32%, Series B 10%, Series C 4%, Growth 9%.
Source: Sesamers round tracker
n = 53 rounds
Startups in Belgium
From the directory
Who invests here
Funds with a verified round in this hub · most active first
Balderton Capital
Seed–Series A
Led 2 of 2 rounds tracked in Belgium. Balderton Capital is a London-based venture capital firm that backs European-founded technology…
Ticket undisclosed
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Pitchdrive
Pre-seed–Seed
Led 1 of 2 rounds tracked in Belgium. Pitchdrive is a European pre-seed and seed fund backed entirely by entrepreneurs,…
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FF
Flanders Future Tech Fund
Series A
Led 1 of 2 rounds tracked in Belgium. Co-invests alongside private partners (minimum 50 percent private participation) in early-stage deep…
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Programs in Belgium
Open calls first
EU Prize for Women Innovators 2026
Competition
EUR 100,000 for the winner, plus smaller category prizes · None
Closed
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EB
Eureka Biotech Call – September 2026
Grant
Grant or loan, up to 70% of project costs depending on country · None
Closed
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EC
Eurostars Call 11 (2026)
Grant
Grant, 25-100% of project costs depending on country, projects up to 36 months · None
Closed
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What we have written
3 stories on Belgium
30Oct Ravical raises $17M seed for AI that runs across whole accounting firms Ravical, the Belgian AI platform for accounting and tax firms co-founded by Silverfin's Joris Van Der… News 11
Oct SpectaCell raises €6M seed for cell therapy analytics Four founders out of imec, VIB and Ghent University raised €6 million to measure how single… News 05
Oct Zymofix raises Series A to build €6M microbial plant in Deinze A Ghent team growing crop microbes on biomass residues has convinced First Imagine!, VP Capital, HTGF… News