Investors in Belgium

M80 is a private equity firm specializing in middle market, later stage, mature, buyout, and growth capital investments. The firm primarily invests in the consumer, healthcare, business services and manufacturing sector. It does not invest in real estate, R&D based life sciences, and pre-commercial technology companies. It typically invests in companies in Belgium, the Netherlands, Luxembourg and France. The firm makes equity investments between €10 million ($12.05 million) and €60 million ($72.28 million) in companies with sales values between €25 million ($30.12 million) and €300 million ($361.4 million), an EBITDA between €5 million ($6.02 million) and €30 million ($36.14 million) and an enterprise value between €25 million ($30.12 million) and €250 million ($301.17 million). The firm prefers to have a majority stake in portfolio companies. M80 was founded in 2018 and is based in Brussels, Belgium.

PMV is a do-it-yourself and daring company that shapes the future of the Flemish economy. It finances promising companies from the very beginning up to and including growth and internationalisation. With and for the government, and other partners, it realizes projects that are important for prosperity and well-being in Flanders.OUR MISSION IS SUPPORTED BY THE CONVICTION THAT:Entrepreneurship is crucial for the development of a prosperous future for Flanders and all its inhabitants.Every promising entrepreneurial project in Flanders must find financing.Every business must be profitable in order to be sustainable. Therefore, both PMV and the companies and projects in which it invests must ultimately be profitable.PMV only succeeds if the common goal prevails for each employee. Every project needs various expertises. Cooperation is essential and can only succeed if everyone is fully committed to the whole.Every PMV employee will be motivated if he/she can continue to develop. PMV therefore gives everyone the space to grow. Everyone gets the autonomy to use that space to become better and more professional.It is particularly stimulating to be able to contribute to the future of Flanders. You will notice that our enthusiasm makes the difference.

Fund+ is an open-ended Fund for long term equity investment in innovative Life Sciences companies with a focus on Belgium. We want to create sustainable shareholders value, contribute to the development of a leadership position in the Life Sciences sector and generate a tangible, beneficial societal impact.

Korys is the investment company of the Colruyt family. In four generations, this family developed the Colruyt Group of the same name into a successful international retail group. Korys was founded in 2012 as a 'family office'. Korys manages the patrimony of the Colruyt family. Moreover, we promote the belief in values-driven entrepreneurship by investing in people and companies. Because an attractive return is perfectly compatible with a positive contribution to people, the environment and society.Investing is korys' core task. This basic assignment consists of risk-conscious asset management and active participations in companies, projects and funds.But Korys strives for added value that goes beyond mere profit. For us, investing also means inspiring and engaging. The 3P philosophy (People, Planet, Profit) is therefore the cornerstone of our investment strategy: we contribute to sustainable projects and companies in a humane way.Creating such sustainable added value takes time. That's why we invest in the long term, driven by our holistic view, our craftsmanship and our dedication: Craftsmanship: experienced craftsmanship is about thoroughness, professionalism, but also about simplicity and efficiency.Dedication: we are committed to people and projects that we are convinced make a difference.Holistic view: we also take a closer look at less measurable criteria such as impact on people and the environment, corporate culture, innovative power, growth potential for people and teams, well-being,...We invest tocreate sustainable addedvalue through our holistic view, our craftsmanship and our dedicationKorys' brand values are a reference point for our behaviour: EngagementVanuit een duurzame relatie – waarin we op elkaar kunnen rekenen – gaan wij er voluit voor. IntegriteitHoofd, hart en buik staan op één lijn. We zeggen wat we doen en doen wat we zeggen. EenvoudWe pakken de zaken op een zo simpel mogelijke manier aan, direct en to the point. SamenwerkingWie goed samenwerkt, bereikt altijd meer. Vanuit gedeelde waarden en intenties bouwen wij vertrouwensrelaties op en ontstaat er verbondenheid. BewustzijnWe zijn ons bewust van onze plaats in het grotere geheel en het effect van ons gedrag.PositivismeDoor ons positief mens- en wereldbeeld maken we het verschil. RespectDoor goed te kijken en te luisteren schatten we de kwaliteiten van de andere naar waarde.

Noria SAS, SCR is a private equity and venture capital firm specializing in startup, early venture, mid venture, later stage, PIPEs, recapitalization and growth capital investment. It typically invests in companies operating in the sector of renewable energy, employment and media. The firm prefers to invest mainly in France. It invest between EUR 0.5 million ($0.52 million) to EUR 15 million ($15.62 million) in equity per transaction. The firm seeks to make long-term investment while taking minority or majority stake into its portfolio companies. It also seeks to takes a seat on the management board of its investees. The firm invests through the personal capital of its management. Noria SAS, SCR is based in Lille, France, with an additional office in Tournai, Belgium and Marcq-en-Baroeul, France.

Akiles is a principal investment firm. The firm seeks to invest in Growth Capital, Owner Buy Out, Venture Capital, and Management Buy-In. The firm prefers to invest between $0.55 dollars to $8.20 million dollars. Akiles was founded in 2019 and is based in Rhode-Saint-Genèse, Belgium.

Fin.Co is an independent long-term investor with a total capital base of 160 million euros. Fin.Co invests in private equity as well as listed companies. Fin.Co focuses on investments in small-and mid-size companies with a positive cashflow track record and considerable growth potential. Fin.Co has a hands-on approach, defines actively the strategy together with the management of the company, but does not intervene in daily operations. Fin.Co pays attention to a disciplinary financial follow-up. Because of its profound knowledge of the traditional SME-environement, the added value of Fin.Co lies mainly in its network and operational, financial and strategic accompanying of the investee company.

The diversification of Noshaq was undertaken with the desire to expand the sectors and areas of intervention. Noshaq has therefore established a real eco-diversity policy to be even more at the service of the Liege economy and its growth.The Noshaq Group wishes to be the driving force behind the implementation of the necessary tools to make the Liege region a biotope organised for the growth of companies.In this way, Noshaq is involved in the development of various socio-economic structuring ecosystems.

​Praxis Private Office was established in October 2000 as a Single-Family Office for multiple Families. We offer the tailored services on a bilateral basis of a Single-Family Office and we enable the collaboration between multiple families to share knowledge and optimize costs. ​Praxis is not a financial institution - it operates fully independently and is completely owned by its management. Praxis empowers its client-families to take decisions to protect and develop their wealth while ensuring the best possible execution at the highest quality and lowest cost.

Straco is an independent Belgian investment group active in real estate project development, real estate investments and private equity.We currently operate in the Benelux, UK, France, Germany and Poland, but are always looking for global opportunities in various industries.We stand for long term sustainable investing in understandable business with an entrepreneurial touch.

Gimv is a European investment company with over three decades of experience in private equity and venture capital. Gimv is listed on NYSE Euronext Brussels. Gimv currently manages around 1.8 billion EUR (including third party funds) of investments in 85 portfolio companies, which jointly realise a turnover of more than EUR 6 billion and employ over 28,000 professionals. As a recognized market leader in selected investment platforms, Gimv identifies entrepreneurial and innovative companies with high-growth potential and supports them in their transformation into market leaders. Gimv’s four investment platforms are: Consumer 2020, Health & Care, Smart Industries and Sustainable Cities. Each of these platforms works with a skilled and dedicated team across Gimv’s home markets of the Benelux, France and Germany and can count on an extended international network of experts.

Finindus is a venture capital firm that provides early stage and growth financing for companies developing smart and green industrial technologies, with a focus on materials, sustainable manufacturing, and Industry 4.0.

SmartFin operates both early stage and growth stage investment vehicles targeting technology companies, headquartered in Europe and the United Kingdom that display the potential for significant value creation. Our total AUM amounts to more than 350 million euro, and investments range from 0,5 million euro to 25 million euro.It is a clear strategic choice to focus on companies in the broader technology sector given the successful track record of our team in this area. Our team consists of four investment professionals and three advisors.We are a strong value-added partner to our portfolio companies given the successful track record, expertise and complementary experience within our team. We support our companies to become successful international leaders by accelerating the scaling and monetization of their growth.We are convinced that a well-diversified portfolio is a better long-term strategy than a narrow focus on one specific technology area.

Aconterra is an evergreen venture capital fund based in Antwerp, Belgium, specializing in 'Smart Building Technology'. They invest in European early-stage companies that enhance building intelligence, energy efficiency, safety, and comfort.

Ajanta Oy is no longer investing. It is a private equity firm and venture capital firm specializing in early stage, bolt on acquisition and buyout. The firm seeks majority stakes. It seeks to invest in unlisted and listed companies primarily in finance, retail, clean technology, communication industries and media companies. It typically invests in companies based in Finland, Sweden, Belgium and United Kingdom. It also engages in real estate investment activities. Ajanta Oy was founded in 1989 and is based in Helsinki, Finland and an additional office in Brussels, Belgium.

Entourage is a venture capital firm. The firm specializes in early stage, seed to Series A, growth capital and startups. The firm seeks to invest in B2B SaaS and software. The firm seeks to invest in Europe. The firm seeks to invest in between €0.3 million ($0.33 million) and €2 million ($2.19 million). Entourage is headquartered in Belgium.

Invale NV is a private equity and venture capital firm specializing in seed/startup, early ventures, replacement, middle market, emerging growth, buyouts and and growth capital investments in small and medium-sizes companies. It does not make start-up or turnaround investments. The firm invests in multiple sectors, with a specific interest in food, agri and manufacturing. It primarily invests in companies with headquarters in Belgium. It makes equity investments between €1 million($1.10 million) and €6 million($6.62 million) in companies with an EBITDA between €1.5 million ($1.65 million) and €5 million ($5.52 million) and enterprise values between €5 million ($5.52 million) and €30 million ($33.14 million). The firm prefers to take a majority stake, but also takes minority stakes in case of co-investments or in case it can take an active role in the company. It prefers to use its personal capital for making investments. Invale NV was founded in 2013 and is based in s-Gravenwezel, Belgium.

Invest.BW is a regional institutional investor supporting entrepreneurs in the Walloon Brabant province of Belgium. They provide risk capital and financing solutions (including real estate leasing) for startups, scale-ups, and business transitions, focusing on economic, environmental, and societal impact in Wallonia.

Lean FUND is a venture capital firm specializing in seed/startups and early venture investments. The firm seeks to invest in start-ups in the internet industry. Its investments exclude the following sectors: pharmaceuticals, biotech, healthcare, spinoffs, hardware development, research and development. The firm invests in Belgium region. The firm seeks to invest between €0.025 million ($0.03 million) and €0.1 million($0.13 million) in companies having enterprise value up to €0.5 million ($0.62 million). Lean FUND was founded in 2014 and is based in Mont-Saint-Guibert, Belgium.

Luxempart is an investment firm specializing in direct and fund of fund investments. The firm also makes secondary direct investments. Within direct investments, it specializes in PIPE and private equity investments in middle market, later stage, mature, emerging growth, late venture, mezzanine, buyouts, acquisitions and private investment in public equity, and growth capital for small and medium sized companies. Within Investment Funds, it specializes in venture capital, growth capital, secondary and buyouts funds. The firm seeks to invest in listed and non-listed companies. For direct investments, the firm does not target a specific sector, but prefers to invest in companies operating in energy, media, banks, and financial services & insurance, holding companies, credit agencies, insurance brokers, healthcare, retail, industrials, security, and telecommunications sectors. It seeks to invest in companies based in Europe including Grand Duchy of Luxembourg and nearby regions, Belux, France, Germany, Northern Italy, Belgium, Austria, and Switzerland for direct investments, and in Europe, USA and Europe for fund investments. For direct investments it typically invests between €25 million ($27.15 million) and €100 million ($108.61 million) in companies with a minimum EBITDA of €1 million ($1.31 million), target enterprise value between €10 million ($13.11 million) and €2000 million ($2622.02 million), and with a minimum target sales value of €15 million ($19.66 million). For Investment Funds, it usually invests between EUR 10 million ($10.85 million) and EUR 25 million (27.14 million) per fund. It aims to aid its portfolio companies to their IPO through financial aid. The firm seeks Board seats in its portfolio companies. It prefers to take majority stakes in companies but also takes active minority stakes. Luxempart was founded in 1988, and is based in Leudelange, Luxembourg with additional offices in Belgium, Germany, France and Italy.

Qbic is a seed and early-stage and sector agnostic inter-university fund investing in spin-offs and young innovating companies that have a technology link with Qbic’s partner universities and research institutions. Qbic is managed by an independent team of seasoned investment and business professionals. The first Qbic fund - Qbic I - was incorporated in 2012 with a capital of € 40,7 million and invested in 18 companies. Qbic I is currently focusing on follow on investments and exits. The second Qbic fund - Qbic II - started in December 2016 and has a capital € of 58,9 million. With in aggregate close to € 100 million under management, Qbic is one of the largest inter-university spin-off funds in Europe.

The Federal Holding and Investment Company (SFPIM) is Belgium’s Sovereign Wealth Fund. It provides smart capital solutions to Belgian SMEs and scale-ups and anchors strategic assets in sectors like life sciences, finance, aviation, and energy.

Theodorus is the venture capital firm specializing in directly investing, seed, pre seed and start-up investments. It prefers to invests in the biotechnology, medical device, engineering technologies, artificial intelligence and high tech sectors. The firm seeks to invest in North America region. The firm seeks equity investment maximum upto $2.88 million. Theodorus was founded in 2003 and is based in Brussels, Belgium along with additional office in Montreal, Canada.

Wapinvest is an investment firm specializing in direct and secondary direct investments. For direct investments, the firm specializes in venture debt, incubation, start-up, early, middle, late venture, growth capital, and emerging growth. The firm does not invest in finance, agriculture, fisheries, aquaculture, steel, shipbuilding, synthetic fibers, transportation, retail and the automotive sector. The firm seeks to invest in small and medium sized companies in the region Wallonie Picarde, Belgium. It generally invests up to €1.25 million ($1.87 million) in equity and invests in companies with maximum debt investment values of €2 million ($2.71 million). The firm seeks to invest in. It prefers to take a minority stake and a seat on the Board of Directors. The firm generally seeks to exit via a management buy-out. Wapinvest was founded in 1988 and is based in Tournai, Belgium.

Alychlo NV is a venture capital and private equity firm making directs and indirect investments. Within direct investments it specializes in Middle Market, Later Stage, Mature, Turnaround, Emerging Growth, Late Venture, PIPEs, Bridge Financing, Industry Consolidation, Recapitalizations, and Buyout and growth capital investments. Within indirect investments it specializes in Private Equity, Venture Capital Funds and Real Estate Funds. The firm also makes Secondary Investing - Portfolio Company Interests. The firm invests in a wide range of sectors, primarily healthcare sectors, such as life sciences, biotechnology, with a particular focus on oncology and Hotels, Restaurants and Leisure. The firm prefers to invest in Europe, especially in Belgium. The firm makes equity investment ranging between Euro 10 million ($ 11.24 million) to Euro 50 million ($ 56.19 million). It prefers to take a minority stake. It makes Personal Capital and Balance Sheet Investments. Alychlo NV was founded in 2008 and is based in Merelbeke, Belgium.