Ark Angels Activator Fund

Ark Angels Activator Fund is a venture capital fund based in Hasselt, Belgium. It targets investments in small and medium enterprises located in the Flanders region, focusing on early and growth-stage companies across software, health tech, surgical devices, manufacturing, and financial services. The fund often co-invests with business angels and other capital providers, and has worked with BAN Vlaanderen VZW and ING Belgium in its management. Established in 2012, it seeks opportunities from Belgian companies with an operating base in Flanders and, in some cases, growth or transfer-phase opportunities. It has a capital base of about 14.8 million euros and operates as a private venture vehicle supporting regional entrepreneurs.

Marc Mommaerts

Fund Manager

Jan Vorstermans

Fund Manager

20 past transactions

Waylay

Series A in 2022
Waylay is a B2B software company that provides an orchestration and automation platform designed to connect devices with applications and online services to enable real-time decision making. Its products include Waylay IO, a low-code automation tool with zero setup; Waylay Enterprise, which supports enterprises through digital transformation; and Waylay Digital Twin, a composite app for Salesforce available on the AppExchange. The platform helps enterprises and SMEs leverage data from connected equipment and sensors to automate and optimize operational processes and customer service, breaking down silos between OT and IT ecosystems. The solution is deployed across sectors such as energy, logistics, online retail, and smart city initiatives, enabling faster, scalable automation and integration.

Apicbase

Series A in 2021
Apicbase provides cloud-based software for managing back-of-house operations in restaurants, dark kitchens, hotels, and catering. The platform helps control inventory, procurement, planning, cost, and profitability, using big data and machine learning to forecast ingredients, generate bills, and analyze inventory and sales. It supports compliance with allergens, HACCP, and NutriScore, and improves staff training. The system enables data-driven decisions to scale operations consistently across food service businesses.

Accelleran

Series B in 2021
Accelleran, founded in 2013 and headquartered in Antwerp, Belgium, specializes in delivering Open RAN-aligned Private 5G networks tailored for enterprises of all sizes. The company focuses on providing an economically viable alternative to traditional mobile telecom solutions through its open and containerized radio access network (RAN) software. Accelleran’s offerings leverage cloud-native techniques that enhance flexibility, innovation, and scalability while maintaining hardware independence. By facilitating the deployment of multi-vendor, disaggregated Private 5G networks akin to WiFi, Accelleran empowers businesses to achieve real-time network control, automation, and an enhanced user experience. Through collaboration with a diverse ecosystem of partners, the company is positioned to support both private and public network needs effectively.

Apicbase

Series A in 2019
Apicbase provides cloud-based software for managing back-of-house operations in restaurants, dark kitchens, hotels, and catering. The platform helps control inventory, procurement, planning, cost, and profitability, using big data and machine learning to forecast ingredients, generate bills, and analyze inventory and sales. It supports compliance with allergens, HACCP, and NutriScore, and improves staff training. The system enables data-driven decisions to scale operations consistently across food service businesses.

PieSync

Venture Round in 2018
PieSync is a developer of a synchronization application that facilitates real-time contact syncing across various cloud applications. The company's platform operates in the background, enabling bidirectional synchronization of contacts, which enhances the management of emails, calendars, tasks, and documents for business users. By integrating popular web applications, PieSync aims to significantly boost productivity and streamline workflows, allowing users to work more efficiently with their preferred tools.

VIRTEO NV

Series A in 2018
VIRTEO NV is a Belgian company founded in 2013 and headquartered in Mechelen. It operates a Software as a Service (SaaS) platform designed to facilitate the recovery of unpaid invoices for various clients, including corporations, small and medium-sized enterprises (SMEs), public institutions, court bailiffs, and lawyers. The platform streamlines internal dunning and external debt collection processes, enabling creditors to work efficiently with their partners while maintaining transparency and compliance. By offering tools that help manage the practices of external collection agencies, VIRTEO empowers clients to adhere to socially responsible policies while improving recovery rates and reducing costs. The company's approach aims to balance the goals of financial recovery with ethical standards, enhancing the reputation of the debt collection industry.

Apicbase

Seed Round in 2017
Apicbase provides cloud-based software for managing back-of-house operations in restaurants, dark kitchens, hotels, and catering. The platform helps control inventory, procurement, planning, cost, and profitability, using big data and machine learning to forecast ingredients, generate bills, and analyze inventory and sales. It supports compliance with allergens, HACCP, and NutriScore, and improves staff training. The system enables data-driven decisions to scale operations consistently across food service businesses.

sympl

Seed Round in 2017
sympl NV is an online recruitment company based in Antwerp, Belgium, established in 2015. It offers a platform that enhances the recruitment process by integrating chatbots and video technology, which facilitates real-time communication between job seekers and employers. The platform is designed to curate talent pools, providing tailored matchmaking criteria that align the needs of companies with those of potential candidates. Through its innovative approach to conversational recruitment, sympl enables employers to gain insights into the motivations and aspirations of applicants, streamlining the hiring process and helping individuals find permanent job opportunities more effectively.

Waylay

Seed Round in 2017
Waylay is a B2B software company that provides an orchestration and automation platform designed to connect devices with applications and online services to enable real-time decision making. Its products include Waylay IO, a low-code automation tool with zero setup; Waylay Enterprise, which supports enterprises through digital transformation; and Waylay Digital Twin, a composite app for Salesforce available on the AppExchange. The platform helps enterprises and SMEs leverage data from connected equipment and sensors to automate and optimize operational processes and customer service, breaking down silos between OT and IT ecosystems. The solution is deployed across sectors such as energy, logistics, online retail, and smart city initiatives, enabling faster, scalable automation and integration.

VIRTEO NV

Venture Round in 2016
VIRTEO NV is a Belgian company founded in 2013 and headquartered in Mechelen. It operates a Software as a Service (SaaS) platform designed to facilitate the recovery of unpaid invoices for various clients, including corporations, small and medium-sized enterprises (SMEs), public institutions, court bailiffs, and lawyers. The platform streamlines internal dunning and external debt collection processes, enabling creditors to work efficiently with their partners while maintaining transparency and compliance. By offering tools that help manage the practices of external collection agencies, VIRTEO empowers clients to adhere to socially responsible policies while improving recovery rates and reducing costs. The company's approach aims to balance the goals of financial recovery with ethical standards, enhancing the reputation of the debt collection industry.

BeWell Innovations

Venture Round in 2016
BeWell Innovations NV is a Belgian software company established in 2010, focusing on the development and integration of connected medical technologies. Specializing in tele-monitoring and patient self-testing, the company has created a GDPR-compliant digital patient tracking platform. This platform facilitates the independent measurement of vital parameters through a kiosk interface for self-testing and offers telemonitoring capabilities. It also features a comprehensive dashboard that enables healthcare providers to prioritize and manage patients requiring attention, particularly those with chronic diseases. BeWell Innovations has established itself as a reliable partner within the Belgian healthcare sector, contributing significantly to the advancement of medical data exchange and patient care.

Accelleran

Series A in 2016
Accelleran, founded in 2013 and headquartered in Antwerp, Belgium, specializes in delivering Open RAN-aligned Private 5G networks tailored for enterprises of all sizes. The company focuses on providing an economically viable alternative to traditional mobile telecom solutions through its open and containerized radio access network (RAN) software. Accelleran’s offerings leverage cloud-native techniques that enhance flexibility, innovation, and scalability while maintaining hardware independence. By facilitating the deployment of multi-vendor, disaggregated Private 5G networks akin to WiFi, Accelleran empowers businesses to achieve real-time network control, automation, and an enhanced user experience. Through collaboration with a diverse ecosystem of partners, the company is positioned to support both private and public network needs effectively.

PieSync

Venture Round in 2016
PieSync is a developer of a synchronization application that facilitates real-time contact syncing across various cloud applications. The company's platform operates in the background, enabling bidirectional synchronization of contacts, which enhances the management of emails, calendars, tasks, and documents for business users. By integrating popular web applications, PieSync aims to significantly boost productivity and streamline workflows, allowing users to work more efficiently with their preferred tools.

Twikey

Venture Round in 2016
Twikey is a developer of e-mandate and direct debit payment software aimed at enhancing the payment experience for businesses using recurring payment methods. The company offers a user-friendly contract negotiation framework that connects companies with their customers through a trusted banking ecosystem. Twikey's software includes features such as digital electronic mandates, automated direct debit transactions, invoices with payment links, and application programming interfaces (APIs) that facilitate seamless integration with third-party CRM and ERP systems. This integration complements existing internal mandate management systems, allowing businesses to streamline their payment processes, reduce administrative burdens, and optimize costs while ensuring efficient transactions with all European banks and payment service providers.

Laser Cladding Venture

Seed Round in 2015
Laser Cladding Venture NV, established in 2015 and located in Mol, Belgium, specializes in advanced welding services, particularly laser cladding. The company provides comprehensive solutions for surface treatment and repair, as well as 3D manufacturing. Its innovative laser cladding technology enhances wear and corrosion resistance, resulting in superior coating applications. By fostering optimal metallic bonding, the technology significantly extends the lifespan of various products. Laser Cladding Venture serves a diverse range of industries, including dredging, nautical, and hydraulics, enabling these sectors to improve product longevity and facilitate repairs or complete manufacturing processes.

REstore

Venture Round in 2015
REstore is an innovative energy technology company focused on Demand Side Management and the European market for primary reserve and frequency control. The company operates across ancillary services and capacity markets in France, the UK, Germany, and the Benelux region. REstore provides advanced automated Demand Response solutions and cloud-based software that enables industrial energy managers to optimize flexible power usage, maximizing energy cost savings through real-time demand management. Its AI-driven platform, FlexPond™, serves over 150 major commercial and industrial consumers, while the latest offering, FlexTreo™, helps large consumers monetize their flexibility in energy usage.

TheraSolve

Series A in 2015
TheraSolve NV is a medical technology company focused on enhancing medication adherence through innovative solutions. The company has developed a patented technology platform designed to motivate patients across diverse populations to take their medications as prescribed and engage in health-promoting activities. One of its key products, the Memopatch, is a skin patch that supports and reminds patients when to take their medications, thereby improving compliance with treatment regimens. TheraSolve aims to provide user-friendly and cost-effective tools that address the critical challenge of medication adherence in healthcare.

Santana International

Venture Round in 2014
Santana International NV, established in 1987 and based in Mollem, Belgium, specializes in manufacturing and selling cork flooring and cork wall products. The company offers a wide range of high-quality interior decoration items that cater to various home environments, including living rooms, bedrooms, bathrooms, and kitchens. Known for its excellent reputation, Santana International provides its customers with a comprehensive service that includes professional advice and installation services, allowing individuals to create warm and charming interiors tailored to their preferences.

Instrumen

Venture Round in 2013
Instrumen is a developer of innovative surgical devices and technologies focused on enhancing minimally invasive surgery (MIS). The company designs and manufactures supportive and robotic medical technology to improve the safety and accessibility of surgical procedures. Central to Instrumen's offerings is its patented Adjustable Remote Center of Motion (ARCM) mechanism, which enables the creation of a variety of modular surgical support systems. In July 2013, Instrumen launched its first product, the VESALIUS Position Holder (VPH), a versatile instrument positioner that enhances the stability and precision of surgical imaging while reducing the workload for assisting staff. In addition to passive support systems, Instrumen is committed to advancing robotic medical systems through a generic robotic platform, which is continually refined through research and development in areas such as interfacing and surgical integration. This comprehensive approach aims to assist healthcare institutions and surgeons in delivering more effective and safer surgical interventions.

Step4media nv

Venture Round in 2013
Step4media has become more and more a specialist in the development and implementation of digital media concepts and communication.
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