Brussels is a solid place for founders to find funding, with a mix of active investors. Firms like PMV have backed over 130 companies, while E-Merge has seen more than 20 of its startups exit.

This creates real opportunities for founders looking for the right fit. With several options available, it helps to know where to start.

Below is our list of the best 5 VC firms in Brussels.

Failory's Top 5 Picks

SmartFin Logo

SmartFin backs exceptional B2B technology companies across Europe, specializing in sectors from fintech to enterprise SaaS. The firm supports founders from the earliest seed rounds through later growth stages, helping build category leaders like the database company MariaDB.

Year Founded2014
FoundersBart Luyten, Jürgen Ingels, Mark Ziering, PHILIPPE MAUCHARD, Thomas Depuydt, Wim De Waele
Total Funding€380M
Average Check Size€25M
IndustriesFintech, Big Data & Analytics, Enterprise, SaaS
Investment StageEarly Stage, Late Stage, Private Equity, Seed
Nº of Investments44 (19 as Lead Investor)
Nº of Exits9 (1 IPO'd)
Top Portfolio StartupsMariaDB, Zivver, Silverfin
Contactinfo@smartfinvc.com

As a European venture capital firm, Tioga Capital Partners backs early-stage blockchain companies from their initial seed rounds. They frequently act as the lead investor, helping to build the next generation of decentralized infrastructure and applications.

Year Founded2019
Founders
Investment StageEarly Stage, Seed
Nº of Investments30 (15 as Lead Investor)
Nº of Exits1
PMV Logo

3. PMV

In partnership with the Flemish government, PMV finances promising companies to shape the region's economic future. They support businesses at every stage of growth, from their first day to international expansion, to ensure every viable enterprise in Flanders can secure the funding it needs to succeed.

Year Founded2001
Founders
Investment StageConvertible Note, Debt, Early Stage, Late Stage, Secondary Market, Seed
Nº of Investments138 (34 as Lead Investor)
Nº of Exits21 (5 IPO'd)
Contactinfo@pmv.eu / 02 229 52 30
E-Merge Logo

4. E-Merge

E-Merge provides seed and Series A funding for technology startups in sectors ranging from e-commerce tools and online payments to commercial space. As a firm founded by entrepreneurs, they distinguish themselves by making rapid decisions and providing hands-on support to help founders overcome early-stage challenges.

Year Founded1998
FoundersGrégory Hédo, Laurent Drion
Investment StageConvertible Note, Early Stage, Seed
Nº of Investments66 (5 as Lead Investor)
Nº of Exits24 (2 IPO'd)
Contactinfo@emerge.be / 144432 1310
Scale II Logo

Scale II backs Belgian scale-ups like Wooclap, providing growth capital for companies with proven products and international ambitions. Beyond funding, they connect portfolio companies with a broad network of entrepreneurs and corporate partners to help them scale globally.

Year Founded2017
Foundersclaire munck
Total Funding€8M
Average Check Size€1M
IndustriesSaaS, DTC, Big Data & Analytics, Developer Tools, AI & ML, Education
Investment StageEarly Stage, Late Stage
Nº of Investments5
Nº of Exits1
Top Portfolio StartupsDgenious, Aquilon Pharmaceuticals, Wooclap
Contactinfo@scale-fund.com