Finindus

Finindus is a venture capital firm based in Zwijnaarde, Belgium, established in 1926 and funded by ArcelorMittal and the Flemish Region. The firm specializes in providing early-stage and growth financing, both in equity and debt, to innovative companies within the metal value chain. Finindus focuses on sectors such as new alloys, surface functionalization, composite materials, and sustainable manufacturing technologies, including energy-efficient practices and waste valorization. Investment amounts typically range from 0.5 to 5 million euros per round, with a maximum of 10 million euros per company. While primarily targeting opportunities in Europe, particularly in Flanders, Finindus is open to exploring ventures in other regions that align with its core interests. The firm actively supports its portfolio companies by leveraging its extensive network and providing access to the resources and expertise of the OCAS metal research center.

Dirk De Boever

Head of Investments

Roel Callebaut

Investment Manager

Hans Maenhout

Investment Director

Past deals in Belgium

JUUNOO

Seed Round in 2022
The JuuNoo wall system is a solid interior wall, purposed to increase productivity in office spaces, without losing sight of our current ecological challenges. JuuNoo does this bij cleverly dividing spaces, supported by a patented structure, developed according to the principles of circular economy. The result is an easy-to-install and completely adaptable system with high residual value and low labour costs, which leads to the fact that the total cost of a building is much lower than when you use traditional partitions. The JuuNoo system wall can be combined with glass panels, windows, (large) doors or other fixed elements. Installation can be up to 7X faster than with any traditional system, and when it's time for a change, the system can simply be dismantled and built up again, instead of demolishing and building a new wall. JuuNoo is built up around 4 core benefits: 1) smooth installation: the modular & telescopic system allows for a smooth & foolproof installation; 2) always fits: choose for any type of finishing in function of technical requirements or style; 3) performant: a strong structure in combination with great acoustics, fully certified; 4) 100% circular: reuse the system endlessly in other configurations, spaces or buildings... Thanks to a combination of strong basic materials and clever innovations, JuuNoo always obtains a high-performance result for acoustics, stability and fire safety.

Sentea

Venture Round in 2021
Sentea BVBA is a company based in Ghent, Belgium, that specializes in the development and manufacturing of fiber optic sensing equipment. Founded in 2018, Sentea focuses on making fiber optic sensing technology more affordable for various industries, allowing for continuous monitoring of equipment and infrastructure even in harsh environments. The company designs fiber optic sensor interrogators that help monitor, predict, and prevent equipment failure and structural damage, particularly in sectors such as wind energy, oil and gas, civil infrastructure construction, heavy industry, and transportation. By integrating optical components directly onto a chip, Sentea offers these interrogators at a lower cost, enabling clients to enhance the efficiency and reliability of their industrial installations.

Xenomatix

Venture Round in 2021
XenomatiX develops automotive Lidar solutions.

Rein4ced

Seed Round in 2017
Rein4ced B.V.B.A., founded in 2015 and based in Leuven, Belgium, specializes in the development and manufacture of advanced composite materials designed for various applications, including bicycles, cars, and aircraft. The company focuses on creating a unique steel-fiber composite that offers superior impact resistance compared to traditional carbon composites. This innovative material combines carbon composites with specially developed steel fibers, resulting in lightweight, durable products that maintain high stiffness. Rein4ced's offerings are particularly advantageous for bicycle frames, providing enhanced safety and longevity for cyclists.

Calyos

Venture Round in 2012
Calyos SA specializes in the development, manufacturing, and commercialization of two-phase thermal management and cooling systems. The company offers its products for high power semiconductors, such as IGBT power modules and electronic components; and electrical engines cooling and energy storage applications. Calyos SA was founded in 2011 and is based in Jumet, Belgium.