# 41 leading venture capital and private equity firms in Belgium

Tamtam tracks 41 venture capital and private equity firms headquartered in Belgium. This list ranks all of them by number of employees on LinkedIn, led by UCB, Carmeuse and De Cronos Groep. Their median headcount is 31. Half of them were founded in 2008 or later. The most common headquarters are Brussels (13), Antwerp (5) and Ghent (5).

The Belgian financial landscape features a mix of established investment firms and companies spanning diverse sectors. UCB, a biopharmaceutical company, leads in employee count. Carmeuse is a global manufacturer of lime and limestone products, while Spadel produces natural mineral waters. De Cronos Groep is active in IT services. Investment management is represented by GBL, a diversified holding company, and Sofina, which supports growing companies through direct investments.

Brussels stands out as a prominent hub for these businesses, hosting many headquarters. The companies range from large, long-established groups like Carmeuse, founded in 1860, and GBL, founded in 1902, to more recent ventures such as Anchr, founded in 2024, indicating a blend of historical presence and newer developments in the Belgian economy.

🇧🇪 Belgium · 41 companies · Updated Nov 13, 2026

| # | Company | Industry | Headquarters | Employees | Founded |
|---|---|---|---|---|---|
| 1 | [UCB](https://www.tamtam.ai/c/ucb) (ucb.com)<br>Innovative global biopharmaceutical company focused on transforming the lives of patients with severe diseases through cutting-edge scientific research and patient-centric approach | Pharmaceutical Manufacturing | 🇧🇪 Brussels | 14,875 | 1928 |
| 2 | [Carmeuse](https://www.tamtam.ai/c/carmeuse) (carmeuse.com)<br>Global manufacturer of lime, limestone, and mineral-based products for industrial and construction applications, as well as offering environmental benefits and equipment services | Mining | 🇧🇪 Louvain-la-Neuve | 2,047 | 1860 |
| 3 | [De Cronos Groep](https://www.tamtam.ai/c/de-cronos-groep) (cronos-groep.be)<br>A dynamic network focused on innovation, entrepreneurship, and sustainability, with over 9000 skilled employees in ICT and marketing | IT Services and IT Consulting | 🇧🇪 Kontich | 616 | 1991 |
| 4 | [Spadel](https://www.tamtam.ai/c/spadel) (spadel.com)<br>A European group that produces and markets natural mineral waters, spring waters, and mineral water soft drinks focused on sustainability and local products | Manufacturing | 🇧🇪 Brussels | 379 |  |
| 5 | [GBL (Groupe Bruxelles Lambert)](https://www.tamtam.ai/c/gbl-groupe-bruxelles-lambert) (gbl.be)<br>Established investment holding active in Europe with a diversified portfolio of listed, private, and alternative investments, focused on long-term value creation and responsible investing | Investment Management | 🇧🇪 Brussels | 353 | 1902 |
| 6 | [Sofina](https://www.tamtam.ai/c/sofina) (sofinagroup.com)<br>A Belgium-based investment company supporting entrepreneurs and families managing growing companies through direct investments and Private Equity funds in Europe, USA, and Asia | Venture Capital and Private Equity Principals | 🇧🇪 Brussels | 317 |  |
| 7 | [Wallonie Entreprendre](https://www.tamtam.ai/c/wallonie-entreprendre) (wallonie-entreprendre.be)<br>Support entrepreneurs and small business owners through information, guidance, awareness, and financing at all project development stages. | Financial Services | 🇧🇪 Liège | 282 | 2002 |
| 8 | [PMV](https://www.tamtam.ai/c/pmv) (pmv.eu)<br>Investment company financing promising Flemish startups and growth projects with tailored financial solutions, supporting economic prosperity and wellbeing. | Financial Services | 🇧🇪 Brussels | 207 |  |
| 9 | [Gimv](https://www.tamtam.ai/c/gimv) (gimv.com)<br>European investment firm managing diversified portfolios in consumer, healthcare, smart industries and sustainable cities sectors across Benelux, France and the DACH region. | Financial Services | 🇧🇪 Antwerp | 187 | 1980 |
| 10 | [Ackermans & van Haaren](https://www.tamtam.ai/c/ackermans-and-van-haaren) (avh.be)<br>Diversified investment group focusing on marine engineering, private banking, real estate, and energy sectors, with strategic participations for growth potential. | Investment Management | 🇧🇪 Antwerp | 83 |  |
| 11 | [Alcopa](https://www.tamtam.ai/c/alcopa) (alcopa.be)<br>A family-owned investment firm in Belgium, Alcopa invests in private companies in Western Europe, providing long term capital and taking significant equity positions | Investment Management | 🇧🇪 Kontich | 81 |  |
| 12 | [Anchr](https://www.tamtam.ai/c/anchr) (anchrsoftware.com)<br>providing a supportive ecosystem connecting software entrepreneurs with shared expertise and values to foster innovation, growth, and autonomy | Software Development | 🇧🇪 Mechelen | 80 | 2024 |
| 13 | [Verlinvest](https://www.tamtam.ai/c/verlinvest) (verlinvest.com)<br>Family-backed investment firm partnering with visionary entrepreneurs in FMCG, healthcare, and digital retail to build category-defining brands for consumer revolutions globally | Venture Capital and Private Equity Principals | 🇧🇪 Brussels | 79 | 1995 |
| 14 | [Apheon](https://www.tamtam.ai/c/apheon) (apheon.com)<br>Pan-European mid-market private equity firm managing approximately €3 billion, investing in leading companies across Europe, fostering growth through partnership. | Venture Capital and Private Equity Principals | 🇧🇪 | 77 | 2005 |
| 15 | [Cobepa](https://www.tamtam.ai/c/cobepa) (cobepa.com)<br>An investment firm with offices in Brussels, Munich, and New York, specializing in private equity investments with a net asset value over €42 billion | Venture Capital and Private Equity Principals | 🇧🇪 Brussels | 71 | 1957 |
| 16 | [Straco](https://www.tamtam.ai/c/straco) (straco.be)<br>Independent Belgian group focused on long-term sustainable real estate development, private equity, and value creation across European industries through meticulous entrepreneurial investment strategies. | Investment Management | 🇧🇪 Ghent | 70 |  |
| 17 | [KOIS](https://www.tamtam.ai/c/kois) (koisinvest.com)<br>Specializes in impact investing and advisory services, focusing on health, education, and environment sectors across multiple countries. | Financial Services | 🇧🇪 Ixelles | 57 | 2010 |
| 18 | [Buysse & Partners - Private Equity & Real Estate](https://www.tamtam.ai/c/buysse-and-partners-private-equity-and-real-estate) (buysse-partners.com)<br>An independent Belgian investment firm specializing in alternative investments, co-investing in private equity and real estate in Europe and Latin America | Venture Capital and Private Equity Principals | 🇧🇪 Antwerp | 45 | 2008 |
| 19 | [Vendis Capital](https://www.tamtam.ai/c/vendis-capital) (vendiscapital.com)<br>Independent private equity firm investing in small to medium consumer goods companies across Europe, supporting growth and value creation. | Venture Capital and Private Equity Principals | 🇧🇪 Diegem | 37 | 2009 |
| 20 | [Capricorn Partners](https://www.tamtam.ai/c/capricorn-partners) (capricorn.be)<br>management of venture capital and equity funds investing in innovative European technology companies across various specialized sectors and industries | Investment Management | 🇧🇪 Leuven | 34 | 1993 |
| 21 | [Baltisse](https://www.tamtam.ai/c/baltisse) (baltisse.com)<br>Baltisse is a family investment office active in private equity, real estate development, and asset management with a focus on long-term value creation | Investment Management | 🇧🇪 Ghent | 31 | 2006 |
| 22 | [Core Equity Holdings](https://www.tamtam.ai/c/core-equity-holdings) (coreequityholdings.com)<br>Long-term investment firm targeting scale European platform companies with equity deployments between 200 and 500 million euros to build sustainable business value. | Investment Management | 🇧🇪 Brussels | 28 |  |
| 23 | [Smartfin](https://www.tamtam.ai/c/smartfin) (smartfinvc.com)<br>Private equity fund investing in European and UK growth technology companies Provides capital (EUR 05-25 million) and expertise to enhance international leadership and growth acceleration | Venture Capital and Private Equity Principals | 🇧🇪 Brussels | 27 | 2014 |
| 24 | [Finco Private Equity](https://www.tamtam.ai/c/finco-private-equity) (finco.be)<br>Established private equity firm in Belgium, supporting profitable small and medium-sized companies to achieve growth potential with a focus on innovative, sustainable business models | Venture Capital and Private Equity Principals | 🇧🇪 Antwerp | 25 | 1998 |
| 25 | [Sofindev Private Equity Partners](https://www.tamtam.ai/c/sofindev-private-equity-partners) (sofindev.com)<br>Independent private equity firm in Benelux, offering buyout and growth capital to small and mid-sized companies Manages three funds totaling over 500 MEUR | Venture Capital and Private Equity Principals | 🇧🇪 Diegem | 24 | 1991 |
| 26 | [Quest Management](https://www.tamtam.ai/c/quest-management) (questmanagement.com)<br>A merger between two investment firms, ensuring continuity of funds and expertise in venture capital and asset management | Financial Services | 🇧🇪 Leuven | 22 | 1998 |
| 27 | [AtlasInvest](https://www.tamtam.ai/c/atlasinvest) (atlasinvest.be)<br>A private investment company specializing in investing in companies that promote the Energy Transition | Venture Capital and Private Equity Principals | 🇧🇪 Brussels | 20 | 2008 |
| 28 | [imec.xpand](https://www.tamtam.ai/c/imec-xpand) (imecxpand.com)<br>Investing in early stage innovation at the intersection of technology transfer, corporate venturing, and traditional venture capital for smart and sustainable solutions | Venture Capital and Private Equity Principals | 🇧🇪 Heverlee | 17 | 2017 |
| 29 | [Tilleghem](https://www.tamtam.ai/c/tilleghem) (tilleghem.com)<br>Tilleghem is an investment company focusing on private equity and real estate projects, providing both growth capital and acquiring mature businesses | Financial Services | 🇧🇪 Ghent | 16 |  |
| 30 | [Innovation Fund](https://www.tamtam.ai/c/innovation-fund) (innovationfund.eu)<br>This company invests in innovative startups and companies focusing on chemistry and life sciences to support their growth and development | Investment Management | 🇧🇪 Schaerbeek | 14 | 2015 |
| 31 | [Integra Partners](https://www.tamtam.ai/c/integra-partners-ghent) (integra.fund)<br>Private equity fund providing an integrated platform for investments in local SMEs, international private equity funds, and direct co-investments in international companies | Venture Capital and Private Equity Principals | 🇧🇪 Ghent | 13 | 2018 |
| 32 | [Entourage Ventures](https://www.tamtam.ai/c/entourage-ventures) (entourage.io)<br>A combined venture studio and early-stage VC investing in and building innovative startups to drive growth and success | Venture Capital and Private Equity Principals | 🇧🇪 Ghent | 12 | 2024 |
| 33 | [Angelwise](https://www.tamtam.ai/c/angelwise) (angelwise.be)<br>An early stage VC fund that specializes in co-investing with other investors to support and nurture promising startups | Venture Capital and Private Equity Principals | 🇧🇪 Hasselt | 12 |  |
| 34 | [Business Angels Europe](https://www.tamtam.ai/c/business-angels-europe) (businessangelseurope.com)<br>Bringing together active angel federations and networks in advanced European markets to support and invest in startups and entrepreneurs | Venture Capital and Private Equity Principals | 🇧🇪 Brussels | 11 |  |
| 35 | [Ninepointfive](https://www.tamtam.ai/c/ninepointfive) (ninepointfive.vc)<br>Venture capital fund partnering with corporates to accelerate tech startups from pre-seed to maturity, offering speed, growth, and value | Venture Capital and Private Equity Principals | 🇧🇪 Antwerp | 10 | 2019 |
| 36 | [Finindus](https://www.tamtam.ai/c/finindus) (finindus.be)<br>Investment company providing funding to innovative technology companies in materials, sustainable manufacturing, and digital industry, backed by ArcelorMittal and the Flemish Region | Venture Capital and Private Equity Principals | 🇧🇪 Zelzate | 9 | 1926 |
| 37 | [V-Bio Ventures](https://www.tamtam.ai/c/v-bio-ventures) (v-bio.ventures)<br>Venture capital fund specializing in financing and building innovative life science companies with high growth potential, focusing on biopharmaceutical, pharmaceutical, diagnostics, and agricultural technologies | Venture Capital and Private Equity Principals | 🇧🇪 Sint-Denijs-Westrem (Gent) | 8 | 2015 |
| 38 | [LeanSquare](https://www.tamtam.ai/c/leansquare) (leansquare.be)<br>Specialized investment fund supporting innovative projects, offering more than just financial aid by providing capital, knowledge, and network for start-ups Based in Liege, Belgium | Investment Banking | 🇧🇪 Liège | 8 | 2014 |
| 39 | [Seven Camp](https://www.tamtam.ai/c/seven-camp) (sevencapital.vc)<br>An incubator and accelerator in Brussels, Belgium, helping international founders establish their AI startups in the country | Venture Capital and Private Equity Principals | 🇧🇪 Brussels | 2 | 2023 |
| 40 | [Engcode](https://www.tamtam.ai/c/engcode) (engcode.be)<br>Innovative company prioritizing sustainability, quality, and performance to develop solutions for current societal challenges with an eye towards the future | Research Services | 🇧🇪 Houthalen | 2 | 2019 |
| 41 | [A3M Investment](https://www.tamtam.ai/c/a3m-investment) (a3minvestment.com)<br>A privately held investment group with a focus on Computer Infrastructure, E-commerce, and Retail Discretionary sectors, with strategic investments in France and the UK | Venture Capital and Private Equity Principals | 🇧🇪 Brussels | 1 | 2009 |

## How this list is built

Every company on this list has a Tamtam company profile. The industry is the one the company gives on LinkedIn; categories such as SaaS or fintech are classified by Tamtam's AI from the company's website and LinkedIn page; and the headquarters city must match the company's own address. Companies are ranked by the number of employees on LinkedIn, and the list is refreshed every night. Classifications can be wrong, so treat the list as a starting point rather than an official ranking. Last updated Nov 13, 2026.

## More company lists in Belgium

- [The largest companies in Belgium](https://www.tamtam.ai/l/largest-companies-belgium) (6,986)
- [Multinational companies in Belgium](https://www.tamtam.ai/l/multinational-companies-belgium) (1,744)
- [Manufacturers in Belgium](https://www.tamtam.ai/l/manufacturers-belgium) (630)
- [Retail chains in Belgium](https://www.tamtam.ai/l/retail-chains-belgium) (622)
- [Companies with in-house R&D in Belgium](https://www.tamtam.ai/l/r-and-d-companies-belgium) (604)
- [IT services companies in Belgium](https://www.tamtam.ai/l/it-services-companies-belgium) (551)
- [IT Services and IT Consulting companies in Belgium](https://www.tamtam.ai/l/it-services-and-it-consulting-companies-belgium) (542)
- [Family-owned companies in Belgium](https://www.tamtam.ai/l/family-owned-companies-belgium) (435)
- [Software Development companies in Belgium](https://www.tamtam.ai/l/software-development-companies-belgium) (430)
- [Transportation, Logistics, Supply Chain and Storage companies in Belgium](https://www.tamtam.ai/l/transportation-logistics-supply-chain-and-storage-companies-belgium) (409)
- [SaaS companies in Belgium](https://www.tamtam.ai/l/saas-companies-belgium) (407)
- [Professional services firms in Belgium](https://www.tamtam.ai/l/professional-services-firms-belgium) (396)
- [Critical infrastructure operators in Belgium](https://www.tamtam.ai/l/critical-infrastructure-operators-belgium) (354)
- [Hardware manufacturers in Belgium](https://www.tamtam.ai/l/hardware-companies-belgium) (320)
- [Financial services firms in Belgium](https://www.tamtam.ai/l/financial-services-firms-belgium) (314)
- [Distributors and wholesalers in Belgium](https://www.tamtam.ai/l/distributors-and-wholesalers-belgium) (314)
- [Consulting firms in Belgium](https://www.tamtam.ai/l/consulting-firms-belgium) (285)
- [Retail companies in Belgium](https://www.tamtam.ai/l/retail-companies-belgium) (285)
- [Food and Beverage Manufacturing companies in Belgium](https://www.tamtam.ai/l/food-and-beverage-manufacturing-companies-belgium) (282)
- [Truck Transportation companies in Belgium](https://www.tamtam.ai/l/truck-transportation-companies-belgium) (259)
- [Logistics companies in Belgium](https://www.tamtam.ai/l/logistics-companies-belgium) (258)
- [Advertising Services companies in Belgium](https://www.tamtam.ai/l/advertising-services-companies-belgium) (222)
- [Education providers in Belgium](https://www.tamtam.ai/l/education-companies-belgium) (209)
- [Consumer goods companies in Belgium](https://www.tamtam.ai/l/consumer-goods-companies-belgium) (205)

## The same list elsewhere

- [Venture capital and private equity firms in the world](https://www.tamtam.ai/l/vc-and-private-equity-firms-in-the-world) (6,081)
- [Venture capital and private equity firms in Europe](https://www.tamtam.ai/l/vc-and-private-equity-firms-in-europe) (2,341)

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Source: https://www.tamtam.ai/l/vc-and-private-equity-firms-belgium
