Belgium startup funding
European tech funding profile
858 startups in Belgium have closed 1,024 funding rounds and raised €12B in equity funding (excluding debt and grants) and recorded 245 exits. Debt rounds added €155M. Software is the most active sector, and PMV is the most active investor. Data as of 4 Nov 2026.
#10 in Europe by equity raised — 2.0% of all European startup equity funding.
Equity funding
€12B
excl. debt & grants · +€155M debt
Funding rounds
1,024
Companies
858
Named investors
1,178
Exits
245
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsBelgium — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2010 | €54M | 11 |
| 2011 | €17M | 16 |
| 2012 | €26M | 17 |
| 2013 | €30M | 18 |
| 2014 | €54M | 29 |
| 2015 | €206M | 54 |
| 2016 | €231M | 71 |
| 2017 | €225M | 51 |
| 2018 | €292M | 65 |
| 2019 | €672M | 58 |
| 2020 | €581M | 77 |
| 2021 | €1.3B | 78 |
| 2022 | €1.6B | 134 |
| 2023 | €630M | 75 |
| 2024 | €4.3B | 75 |
| 2025 | €534M | 78 |
| 2026 | €1.3B | 61 |
AI analysis mentioning Belgium
AI-generated · figures verified · not investment adviceTop performing sectors
by € raised| Software | €4.9B | |
| Deeptech | €2.5B | |
| Healthtech | €1.7B | |
| Fintech | €860M | |
| Transportation | €434M | |
| Energy | €365M |
Fastest growing sectors
2025 vs 2024 by € raised| Agritech | ▼ -21.6% |
| Healthtech | ▼ -33.2% |
| Transportation | ▼ -53.4% |
| Software | ▼ -86.7% |
| Energy | ▼ -94.2% |
| Deeptech | ▼ -99.8% |
Top sectors
by deal countBelgium — top sectors — interactive chart.
Data table
| Belgium — top sectors | |
|---|---|
| Software | 346 |
| Healthtech | 149 |
| Fintech | 110 |
| Marketing | 59 |
| Transportation | 57 |
| Media | 44 |
| Hardware | 32 |
| Foodtech | 31 |
| Energy | 31 |
| Proptech | 27 |
Stage mix
by € raisedBelgium — stage mix — interactive chart.
Data table
| Belgium — stage mix | |
|---|---|
| Other | €7.5B |
| Series B | €1.3B |
| Series A | €1.0B |
| Series D+ | €783M |
| Series C | €651M |
| Seed | €439M |
| Growth/Late | €210M |
| Early VC | €187M |
| Debt | €155M |
| Grant | €45M |
| Pre-Seed | €42M |
| Crowdfunding | €3.4M |
Top deals
largest disclosed roundsTop investors
named, by deal count| PMV | 74 |
| Fortino Capital | 31 |
| LRM | 27 |
| Qbic | 26 |
| imec.istart | 24 |
| Seeder Fund | 24 |
| Volta Ventures | 23 |
| GIMV | 23 |
| Noshaq | 21 |
| Pitchdrive | 19 |
Top cities
by € raised| Brussels | €3.5B | 244 | |
| Leuven | €2.9B | 68 | |
| Ghent | €2.1B | 209 | |
| Grand-Rosiere | €913M | 4 | |
| Antwerp | €598M | 122 | |
| Mont-Saint-Guibert | €168M | 17 | |
| Zwijnaarde | €131M | 4 | |
| Grembergen | €130M | 1 |