Top Startups / April 26, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Belgian Startups to Watch in 2022

The Belgian startup ecosystem has been steadily growing in recent years, even with the country's relatively smaller population compared to some of its other European counterparts. The impact of the COVID-19 pandemic has been felt by these startups, but with the world slowly coming back to normal, venture capital funding is flowing more readily in the home of the UN and startups in Belgium are reaping the benefits. This is creating a situation where many top startups with effective solutions for a myriad of problems are being founded by Belgian entrepreneurs.


1. Piximate

Year Founded: 2016

HQ: Louvain-la-neuve, Vlaams-Brabant, Belgium

Size: 1-10

Founders: Georges Caron

Piximate is a Belgian startup that was founded in 2016 and is currently based in Louvain-la-neuve, Belgium. The company provides computer vision AI services to pull valuable information from images and videos, using the company's own API. it is as simple as connecting cameras and an e-commerce website to the Piximate platform. The main industry served by the company is the retail sector.

The business has run a single seed funding round since it was founded, with the team at Piximate raising a figure of 100,000 Euros from a single investor. This funding round took place during 2018.

2. Zorgi

Year Founded: 2020

HQ: Brussels, Belgium

Size: 200+

Founders: Malchior Wathelet

Zorgi is a Belgian startup that was founded in 2020 and is currently based in Brussels, Belgium. The company operates in the technology market and provides services for software, business intelligence solutions and cloud infrastructure specifically for the healthcare market. Healthcare is in a state of flux and additional pressure created by the COVID-19 pandemic has driven a need for these organizations to be more efficient and process patients more effectively. The technology provided by Zorgi helps these healthcare facilities to address these problems.

Despite the large headcount at Zorgi, the business has not yet participated in any funding rounds- nor has it attracted outside investment from other sources. This does not mean that the business will not take steps to drum up further investment in the future, as healthcare as a market is seeing increased investment as a trend.

3. Qover

Year Founded: 2016

HQ: Brussels, Belgium

Size: 51-100

Founders: Jean-Charles Velge, Quentin Colmant

Qover is a startup in Belgium that was founded in 2016 and is currently based in Brussels, Belgium. The company is behind the design, the building and the overall creation of digital insurance solutions to assist the fastest growing companies in Europe with the increasingly complex insurance landscape within the continent. This is achieved through the use of real-time APIs and their solutions are suitable for all types of online businesses, which facilitates a large potential market for the startup.

Since being founded, Qover has gone through four rounds of startup funding, with the most recent taking place in April 2021. These funding rounds have been supported by seven investors and the support of these investors has allowed the business to raise a figure of $41.7 Million.

4. Stellar Labs

Year Founded: 2019

HQ: Antwerp, Antwerpen, Belgium

Size: 1-10

Founders: Raf Seymus, Stella Collins

Stellar Labs is another Belgian edtech start-up to watch in 2022. However, it is more focussed on corporate training, than the classroom. Stellar Labs is set on changing the skills gap in the workforce. The start-up targets businesses to train their workforce, enabling employees to stay keyed in with digital knowledge. This gives businesses an advantage over the competitors and can improve efficiency within a team.

Stellar Labs is a Belgian start-up based in Antwerp, Antwerpen, Belgium. It was founded in 2019 by Raf Seymus and Stella Collins, and currently has between one and ten employees. In just one funding round that took place in December 2020, the company has raised €1.7M total funding.

5. Paleo

Year Founded: 2020

HQ: Leuven, Vlaams-Brabant, Belgium

Size: 1-10

Founders: Andy de Jong, Hermes Sanctorum

Paleo, or also known as Paleo taste, is an agtech and food processing start-up from Belgium. The business claims to be providing a 'meat and fish experience in an animal-friendly, sustainable and healthy way'. It does it through producing meat and fish proteins by using fermentation, which are then added to plant based products. The key aims of the start-up are to reduce animal suffering, help the environment and improve consumer health.

In 2020, Andy de Jong and Hermes Sanctorum founded Paleo. The start-up has an employee size of between one and ten individuals. It has a headquarters base in Leuven, Vlaams-Brabant, Belgium. €2M total funding was raised in one funding round that took place in December 2021.

6. PatternBots

Year Founded: 2020

HQ: Antwerp, Belgium

Size: 200+

Founders: Jai Sisodia

PatternBots is a Belgian startup that was founded in 2020 and is currently based in Antwerp, Belgium. The company helps businesses of various sizes with the development of applications, the creation of cloud computing systems, SAP consulting, outsourcing for IT and consulting on CIO projects. The company has rapidly grown since being founded and has more than 200 employees currently working there.

Despite the rapid growth of the business, it has not yet run a funding round in an effort to get outside investment. It is unclear at this time whether investment may be a goal for the team at PatternBots, however there will surely be interest if this occured.

7. InvestSuite

Year Founded: 2018

HQ: Louvain, Vlaams-Brabant, Belgium

Size: 11-50

Founders: Bart Vanhaeren, Laurent Sorber

InvestSuite is a fintech start-up from Belgium, working in the asset management, and financial services sectors. It provides its customers with a way to bring their wealth management products up to date. InvestSuite is a global business that works with wealth managers, banks and brokers in Europe, the Middle East, Asia and the Americas. The start-up offers tools such as the Robo Adviser for its customers.

The Belgian start-up was founded in 2018 by Bart Vanhaeren and Laurent Sorber, and it now employs between eleven and fifty people. The headquarters are located in Louvain, Vlaams-Brabant, Belgium. Since 2018, the company has completed six funding rounds, raising €9.6M total funding with five investors.

8. BRIKL

Year Founded: 2019

HQ: Lubbeek, Belgium

Size: 51-100

Founders: Jason Reinhardt, Maarten Boone, Tobias Meixner

BRIKL is a startup in Belgium that was founded in 2019 and is currently based in Lubbeek, Belgium. The company has created a rapid e-commerce solutions for creating microstores online. This process takes as little as fifteen minutes and this is especially helpful for sports teams that are looking to sell their merchandise. In comparison, merchandising professionals for these teams can take hours or days to create a store specifically for their team's products.

BRIKL has gone through three rounds of startup funding since it was founded, with these three funding rounds being supported by a single investor. From the backing provided by this investor, the business has managed to successfully raise a figure of $6.1 Million.

9. NGRAVE

Year Founded: 2018

HQ: Antwerp, Antwerpen, Belgium

Size: 1-10

Founders: Edouard Vanham, Ruben Merre, Xavier Hendrickx

The next start-up from Belgium to watch this year is another cryptocurrency fintech start-up. NGRAVE works with hardware and embedded software for cryptocurrency financial services. It is also known as The Coldest Wallet. NGRAVE focuses on personal privacy for crypto, so the company has created a crypto hardware wallet with the best security. The key is offline so away from online hackers.

NGRAVE has a headquarters in Antwerp, Antwerpen, Belgium. The business was founded by Edouard Vanham, Ruben Merre and Xavier Hendrickx in 2018. It employs ten or less employees. Two funding rounds between June 2020 and August 2021 has raised the start-up $6.5M total funding.

10. Greenomy

Year Founded: 2020

HQ: Brussels, Brussels Hoofdstedelijk Gewest, Belgium

Size: 1-10

Founders: Alexander Stevens, Sarah Lokman

The next fintech start-up is more eco-conscious. Greenomy focuses on making financial services more sustainable. It works in the greentech, legal tech, software and financial services sectors. The business provides its customers with software that reports sustainability to businesses and other financial institutions. It is an all in one EU Taxonomy and Sustainable Finance Disclosure Regulation solution to make businesses more eco-friendly.

In 2020, the pair Alexander Stevens and Sarah Lokman founded the greentech startup. The current location for the headquarters is Brussels, Brussels Hoofdstedelijk Gewest, Belgium. Greenomy employs between one and ten people. Since 2020 the business has completed two funding rounds, raising an impressive $1.2M of total funding.

11.  Deliverect

Year Founded: 2018

HQ: Ghent, Belgium

Size: 200+

Founders: Jan Hollez, Jelte Vrijhoef, Jerome Laredo, Zhong Xu

Deliverect is a well-known startup in Belgium, the company was founded in 2018 and is based in the city of Ghent. The company provides software for food serving busineses that allows for integration of online delivery orders with a restaurant's POS system. This greatly enhances the operational flow of the businesses using the software and therefore improves overall profitability.

Since being founded, Deliverect has gone through five rounds of startup funding, with the most recent round taking place in. January 2022. The company has received backing from eleven investors throughout these funding rounds and this has allowed the delivery technology startup to raise a total of $236.8 Million.

12. Edgard and Cooper

Year Founded: 2014

HQ: Kortrijk, Belgium

Size: 51-100

Founders: Jürgen Degrande, Koen Bostoen, Louis Chalabi

Edgard and Cooper is a Belgian startup that was founded in 2014 and is currently based in Kortrijk, Belgium. The company aims to improve overall pet health by offering healthy cat and dog food that is made with nutritious and natural ingredients. The pricing is aiming to be competitive with processed pet food, which is significantly worse for your four-legged friends.

The business has gone through a single round of startup funding since it was founded, with this round taking place in 2020. This funding round was supported by a pair of investors. From these investors, the company has managed to raise a total of 22 Million Euros.

13. Resortecs

Year Founded: 2017

HQ: Brussels, Brussels Hoofdstedelijk Gewest, Belgium

Size: 11-50

Founders: Cédric Vanhoeck, Vanessa Counaert

Unlucky for some, lucky for others, Resortecs comes in at number thirteen of the top start-ups to watch in Belgium in 2022. Resortecs is another cleantech, greentech start-up. This company works in the fashion and waste management industries, aiming to reduce waste and encourage recycling for sustainable fashion. Resortecs has created an amazing solution to the non-circular fashion industry, by creating Smart Stitch™. This is a thread that can be used in clothing stitching, that can be dissolved by heat, meaning disassembling and recycling is made much easier.

This Belgian start-up was founded in 2017 by Cédric Vanhoeck, Vanessa Counaert and has a headquarters in Brussels, Brussels Hoofdstedelijk Gewest, Belgium. The company employs between eleven and fifty people. It has also had one funding round that raised €1.8M total funding with five investors in January 2021.

14. CitizenLab

Year Founded: 2015

HQ: Brussels, Belgium

Size: 51-100

Founders: Aline Muylaert, Koen Gremmelprez, Wietse Van Ransbeeck

CitizenLab is a Belgian startup that was founded in 2015 and is currently based in Brussels, Belgium. Governments today face the problem of the general public really not trusting the ones representing them. This is where CitizenLab aims to help its government clients. Citizens are able to take part in discussions about policy, polling also helps governments to understand the opinions of the public about a variety of local and regional issues.

Since being founded, the business has gone through six funding rounds with some signficiant support from government agencies. Ten investors in total have supported these funding rounds and this has allowed the startup to raise a figure of $3.5 Million.

15. Precirix

Year Founded: 2014

HQ: Brussels, Brussels Hoofdstedelijk Gewest, Belgium

Size: 11-50

Founders: Geert Raes, Jens De Vos, Ludwig Camusot, Matthias D'Huyvetter, Nick Devoogdt

Another Belgian tech start-up on the list is Precirix. It works in the biotechnology and healthcare sectors. The company is creating radio-immunotherapeutic drugs that are designed to be used for patients with cancer. It is at the clinical stage of a cancer treatment. The biotechnology is being designed to target the cancer tumours very selectively, as to avoid spreading excess radiation through the body.

Precirix was founded in 2014 by Geert Raes, Jens De Vos, Ludwig Camusot, Matthias D'Huyvetter and Nick Devoogdt. It currently employs between eleven and fifty individuals and has its headquarters in Brussels, Brussels Hoofdstedelijk Gewest, Belgium. It has raised a seriously impressive amount of €117M total funding in just two funding rounds, with nine investors. The first took place in November 2018 and the more recent one that took place in March 2022.

16. Cowboy

Year Founded: 2017

HQ: Brussels, Belgium

Size: 200+

Founders: Adrien Roose, Karim Slaoui, Tanguy Goretti

Cowboy is a startup in Belgium that was founded in 2017 and is based in Brussels, Belgium. The company is behind the design and manufacturing of smart and connected e-bikes.The aim is to make this form of transportation more affordable and convenient to access. This will make urban areas less polluted and more pleasing to commute through. Users can also track their bike through the GPS and use a secure key to access their bike. There is even the abillity for tracking of live stats.

Since being founded, the company has gone through eleven rounds of startup funding, with these funding rounds being supported by a group of 23 investors. The support of these investors has allowed the business to raise a figure of $131.9 Million

17. Urbantz

Year Founded: 2015

HQ: Brussels, Belgium

Size: 51-100

Founders: Dimitri De Boose, Jonathan Weber, Jérémy Jaquet, Michael Darchambeau, Mélanie Applincourt

Urbantz is a startup in Belgium that was founded in 2015 and is currently based in Brussels, Belgium. The company is a SaaS startup that manages all aspects of deliveries for businesses across the entire supply chain involved in the delivery process. The company is being used by some of the biggest name in the retail market and this highlights the overall benefits that the platform can bring to organizations across the world.

The company has gone through five rounds of funding since being founded, with the latest funding round taking place in 2020. These funding rounds were supported by a pair of investors and the efforts of these investors allowed the business to raise a figure of 15.7 Million Euros.

18. Silverfin

Year Founded: 2013

HQ: Ghent, Belgium

Size: 200+

Founders: Joris Van Der Gucht, Tim Vandecasteele

SilverFin is a Belgian startup that was founded in 2013 and is currently based in Ghent, Belgium. The company provides a SaaS solution for companies to assist them with automating their financial reporting, which cuts down on administration duties for finance teams and helps these businesses to reduce their costs. Silverfin also assists its customers with advisory services tailored to their company financials.

Since being founded, the company has gone through three rounds of startup funding, with the most recent round of funding being completed in June 2020. These funding rounds have been supported by a trio of investors and with this support, the company has managed to raise $34.5 Million to further the growt of the business in the future.

19. AcademicLabs

Year Founded: 2015

HQ: Gent, Oost-Vlaanderen, Belgium

Size: 11-50

Founders: Arne Smolders

AcademicLabs is another edtech start-up from Belgium. It operates in the biotechnology, big data, analytics, pharmaceutical, market research and information technology industries, as well as many more. With unique data on research groups and ongoing research, the site becomes the place to be when searching for scientific intel. The start-up is aiming to democratise the scientific research community.

Founded in 2015, the company has completed four funding rounds. The founder Arne Smolders created a company that now employs between eleven and fifty individuals. It has a headquarter base in Gent, Oost-Vlaanderen, Belgium.

20. Turbulent

Year Founded: 2015

HQ: Antwerpen, Antwerpen, Belgium

Size: 11-50

Founders: Geert Slachmuylders

Turbulent is a Belgian start-up operating in the greentech and cleantech industries. The sectors it operates within more specifically includes the renewable energy sector. This company has an aim to get renewable energy to everyone including the hard to access, remote locations. Using hydropower, the business has created a cost-effective and sustainable way of harvesting power.

This Belgian start-up was founded in 2015 by Geert Slachmuylders. One funding round raised the company a total of A$75K funding, with just one investor in September 2017. The start-up now employs between eleven and fifty people and has a headquarters in Antwerpen, Antwerpen, Belgium.

21. Kpler

Year Founded: 2014

HQ: Brussels, Belgium

Size: 101-250

Founders: François Cazor, Jean Maynier

Kpler is a startup in Belgium that was founded in 2014 and is currently based in Brussels, Belgium. The company is behind an analytics software platform that helps its users to facilitate sustainable and ethical trading in commodity markets. This is achieved through increased transparency where there has traditionally been limited information available. This information allows for better trading decisions and outcomes for traders.

Since being founded, the business has gone through a single round of startup funding, which took place in 2020. This funding round has been supported by a pair of investors and these investors have collectively backed Kpler with 185 Million Euros.


FAQs

How Many Startups Are There in Belgium?

The total number of startups in Belgium stands at around 90,000.

What is The Average Investment in Belgian Startups?

Total investment in Belgian startups has steadily increased from 123 Million Euros in 2017 to 495 Million Euros in 2019.

What Are The Strongest Sectors in Belgium?

The strongest sectors in Belgium are metalworking, textiles, chemicals, glass paper and food processing.

Top Belgian Startups to Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

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