Funded Startups in Belgium
The 50 rounds shown here span late November 2024 through mid-November 2025.
The 50 rounds shown here span late November 2024 through mid-November 2025. Ghent is the most active city, appearing in fifteen entries — including Azumuta ($9M Series A), Sequesto ($3M Seed), Bizzy ($5M Seed), and Animab ($12M Series B). Artificial intelligence is the most frequently recurring sector, running from Nobi's $37M Series B (Antwerp) down to sub-$1M Pre-Seeds such as Monsana ($590K, Hasselt) and Eagl ($970K, Ghent).
Seed rounds account for sixteen entries and Pre-Seed for nine, making early-stage deals the dominant structure in the set. The largest disclosed round by a clear margin is Augustine Therapeutics, a Leuven biotech that closed an $84M Series A in March 2025. Leuven also produced miDiagnostics ($32M Series D, December 2024) and Swave Photonics ($7M Series A, June 2025), establishing it as a recurring location for later-stage and deep-tech capital. Several rounds — including Guardsquare (Leuven), NannyML (Leuven), and Highsail (Ghent) — carry undisclosed amounts.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among the Belgian startups listed here?
Augustine Therapeutics (Leuven, biotechnology) leads with an $84M Series A in March 2025. Nobi (Antwerp, AI) raised $37M in a Series B in January 2025, followed by miDiagnostics (Leuven, healthcare) at $32M in a Series D in December 2024 and Sunrise (Brussels) at $29M in a Venture round in September 2025.
Which Belgian cities generate the most startup funding activity in this dataset?
Ghent appears in fifteen of the 50 entries — the highest of any city — with companies including Azumuta, Sequesto, Bizzy, OnTracx, and Jurimesh all raising there. Brussels and Leuven each account for roughly seven to nine entries, with Antwerp close behind. Leuven stands out for deal size, hosting both Augustine Therapeutics ($84M Series A) and miDiagnostics ($32M Series D).
Which sectors are attracting the most funding activity in Belgium?
Artificial intelligence is the most frequently tagged sector, covering at least ten companies including Nobi, Sequesto, Bizzy, Taglayer, Jurimesh, and Monsana. Biotechnology and healthcare each account for several entries, with the biotech cluster producing two of the largest rounds — Augustine Therapeutics ($84M Series A) and Animab ($12M Series B, Ghent). Agriculture also appears, with Fyteko raising $14M in a Series B in February 2025.
How early-stage is Belgian startup funding across the period shown?
Seed and Pre-Seed are the dominant stages: sixteen Seed rounds and nine Pre-Seed rounds appear among the 50 entries. Series A and B rounds exist — Azumuta ($9M), Aspect Analytics ($12M Series A, Genk), and Nobi ($37M Series B) among them — but they are fewer in number. The only Series D in the dataset is miDiagnostics ($32M, Leuven, December 2024).
Are there funded Belgian startups outside AI and biotech worth prospecting?
Several other sectors appear in the data. Agriculture has BOTALYS ($3M Convertible Note, Ghislenghien) and Fyteko ($14M Series B, Brussels). Real estate and energy efficiency are represented by Enersee ($5M Seed, Brussels) and Powerhouse ($870K Seed, Ghent). Fashion and manufacturing appear through Resortecs ($7M Series A, Brussels, November 2025), and renewable energy services through Powernaut ($3M Pre-Seed, Ghent, December 2024).
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