Belgium startup funding in H2 2021

European tech funding raised by Belgium startups during H2 2021.

In H2 2021, 42 startups in Belgium raised a combined €689M across 44 funding rounds, up 124.3% versus H2 2020. Software was the most active sector, and PMV was the most active investor. Data as of 9 Jul 2026.

Total funding

€689M

+124.3% vs H2 2020

Funding rounds

+2.3% vs H2 2020

Companies

Top sector

Software

Rank in Europe

#14

1.1% of European funding

Debt financing

€20M

2.9% of total

Top-10 round share

85.1%

of disclosed capital

Rounds ≥ €100M

Funding by month

€ raised vs rounds, by month

Top sectors

by € raised

Stage mix

by € raised

Top deals

largest disclosed rounds in H2 2021

Company	Stage	Date	Amount
Collibra	Series D+	Nov 2021	€216M
odoo	Other	Jul 2021	€180M
EyeD Pharma	Other	Dec 2021	€45M
Celyad Oncology	Other	Dec 2021

View all 44 Belgium deals in H2 2021 →

Top investors

most active in H2 2021, by deal count

← All 2021 Belgium funding

Exits & M&A

21 Acquisition

21 exits · €1.8B disclosed.

VOO	Acquisition	Dec 2021	€1.4B
Oqton	Acquisition	Sep 2021	€152M
Emakina	Acquisition	Nov 2021	€120M
Connective	Acquisition	Nov 2021	€70M
iController	Acquisition	Oct 2021	€50M
Acapela Group	Acquisition	Nov 2021	€9.8M