Fortino Capital

Fortino Capital is a Belgium-based venture capital firm founded in 2013, specializing in growth capital investments in technology companies across Western Europe, particularly in the Benelux region. The firm focuses on providing expansion capital and expertise to exceptional entrepreneurs and companies aiming to develop growth-oriented SaaS platforms primarily for small and medium-sized enterprises (SMEs). Fortino also invests in firms seeking to innovate their business models by adopting advanced management practices and cutting-edge technologies. The firm manages multiple funds, including Fortino Capital Growth PE I, which targets scale-ups and growth companies, offering investment amounts ranging from EUR 5 million to EUR 25 million. Its investment strategy emphasizes sectors such as software, communications, and networking, and seeks to support companies with a minimum turnover of five to ten million euros.

Renaat Berckmoes

Co-Founder, Chief Executive Officer & Managing Partner

Wouter van de Bunt

Partner

Vincent Claes

Associate

Patrick Van Deven

Partner

Simon Duyver

Investment Associate

Wouter Goossens

Investment Director

Marcel van der Heijden

Partner

Filip Van Innis

Investor

Baudouin Jolly

Co-Founder and Associate Partner

Baudouin Joly

Associate Partner

Sebastian Jorna

Investment Associate

Bart De Leeuw

Chief Financial Officer

Toon Smets

Investment Associate

Steven De Troyer

Investment Director

Matthias Vandepitte

Partner

Arnaud De Vos

Investment Director

Past deals in Belgium

TechWolf

Series A in 2022
TechWolf BV provides artificial intelligence based workforce planning services. The company provides human capital management with HR-software. TechWolf BV was founded in 2017 and is based in Sint-Denijs-Westrem, Belgium.

Venly

Series A in 2022
Arkane takes care of the complexity so you can offer a Web 2.0 experience while using the power of blockchain under the hood

Timeseer.AI

Seed Round in 2022
A unique research initiative between the industry, the academic world, and industrial analytics entrepreneurs with 100 year+ experience in time-series analytics.”

Vaultspeed

Series A in 2021
Vaultspeed is a SaaS company specialized in data warehouse automation solutions.

SupplyStack

Series A in 2019
SupplyStack, formerly known as Slickss, delivers a visibility solution that monitors transport orders in real-time. The company offers SupplyStack, a gateway to logistics service providers, which helps users to find the carriers and monitor/report performances. It caters to automotive, industrial manufacturing, FMCG, chemical, 3/4PL, wholesale and distribution, paper and packaging, building materials, pharmaceutical and healthcare, high tech and engineering, and food and beverage industries. SupplyStack is based in Antwerp, Belgium.

Teamleader

Series C in 2018
Teamleader, headquartered in Belgium, is a software company helping companies manage their data in the cloud. With currently over 7000 paying customers, the company has grown exponentially last year and is gearing up for significant expansion. An easy to use, clean interface combined with reasonable pricing and lots of integrations makes Teamleader the perfect solution. To see how Teamleader works, visit us at teamleader.eu.

Dobco Medical Systems

Venture Round in 2018
DOBCO Medical Systems N.V., a software company, which offers web-based medical imaging solutions to medical industry. The company provides PACSonWEB, platform based on pure HTML5 web technology and RISonWEB, a HTML5 information system for radiology and nuclear medicine. The company was founded in 2011 and is based in Sint-Niklaas, Belgium.

PieSync

Venture Round in 2018
PieSync BVBA operates a platform that connects various professional B2B services and offers two-way synchronization between them. Its platform connects SaaS applications and provides two-way synchronization between them; synchronizes Google Contacts with CRM; enables users to manage their contacts and share them with the team; and keeps contacts up to date across Google and Capsule. The company was founded in 2012 and is based in Ghent, Belgium. As of October 31, 2019, PieSync BVBA operates as a subsidiary of HubSpot, Inc.

MobileXpense

Venture Round in 2017
Bring travel requests, expense submission and approvals down to a few clicks with MobileXpense! The highest level of automation and compliance combined with extensive global deployment expertise have led to 1.600+ successful implementations in over 100 countries and earned us the trust of industry leaders such as AB Inbev, UCB,Panalpina, DB Schenker and many more. MobileXpense delivers the ultimate traveller experience and ease of use with an intuitive UI, advanced OCR and machine learning integration as well as legal daily allowances and mileages. The finance department benefits from advanced automated controls, analytics, VAT recovery and support for industry-specific best practices and regulations such as the Sunshine Act. MobileXpense’s cloud platform includes an integration framework that covers OBTs,credit card feeds and companies’ financial and HR systems.

APROPLAN

Series A in 2017
As of February 6, 2019, APROPLAN S.A. was acquired by GenieBelt ApS. APROPLAN S.A. develops a construction and renovation management application. Its application is available on mobile phones, smart tabs, and desktops to architects, contractors, engineers, subcontractors, and other clients. The company was founded in 2012 and is based in Brussels, Belgium with additional offices in La Hulpe, Belgium; and Kowloon Bay, Hong Kong.

Teamleader

Series B in 2016
Teamleader, headquartered in Belgium, is a software company helping companies manage their data in the cloud. With currently over 7000 paying customers, the company has grown exponentially last year and is gearing up for significant expansion. An easy to use, clean interface combined with reasonable pricing and lots of integrations makes Teamleader the perfect solution. To see how Teamleader works, visit us at teamleader.eu.

SupplyStack

Seed Round in 2016
SupplyStack, formerly known as Slickss, delivers a visibility solution that monitors transport orders in real-time. The company offers SupplyStack, a gateway to logistics service providers, which helps users to find the carriers and monitor/report performances. It caters to automotive, industrial manufacturing, FMCG, chemical, 3/4PL, wholesale and distribution, paper and packaging, building materials, pharmaceutical and healthcare, high tech and engineering, and food and beverage industries. SupplyStack is based in Antwerp, Belgium.
Riaktr is a Belgian scale-up founded in 2009 and backed by first class investors (Fortino, Endeit, GIMV). We started as a service company under the name ‘Real Impact Analytics’. At the time, Big Data was the new big thing, driving important corporate investments. Yet, too often such investments were not yielding the desired returns. Since day one, we pursue a clear mission: leverage the value of telecom data. We do this by starting from the field to build user-centric frameworks driving results. We resist the ‘black box’ principle by putting data at the service of human intelligence and bringing teams together under a collaborative approach. Our brand Riaktr, adopted in 2018, symbolizes our pivot from a services business to a product company. Today our software products address two major questions faced by telcos: - How can I optimize my network CAPEX investments? - How can I optimize my Sales & Distribution operations? Behind the scenes, we are a team of computer scientists, engineers and business consultants based in the heart of Brussels, with a local presence close to our clients in South-Africa and Brazil. We have worked in many countries in Africa, Latin America, the Caribbean and Europe. We work with six of the ten biggest telecom groups to revolutionize the telecom and Consumer Goods industries.

UnifiedPost

Series A in 2016
UnifiedPost Group is a Belgium-based provider of cloud-based platforms for administrative and financial services, established in 2001 and headquartered in La Hulpe. The company facilitates connections among customers, suppliers, and other stakeholders throughout the financial value chain, offering a range of solutions that include document management, identity verification, payment processing, and financial services. UnifiedPost caters to a diverse clientele, including corporate and government entities, small and medium-sized enterprises, as well as sectors such as agriculture, accounting, interim management, and construction. With a presence in Belgium, the Netherlands, Luxembourg, and Romania, the company has expanded its offerings to encompass document exchange, financial supply chain management, credit management, mandate management, and e-identity services. UnifiedPost manages over 200 million documents annually and employs more than 180 people, demonstrating significant growth in its operations.

TrendMiner

Series B in 2015
Trendminer develops data search and mining software solutions for the process industry. It offers TMsearch that empowers the process specialists to find process trends; TMcapture that creates shift logbooks and adds the ability to manually add visual annotations straight into the trend client; and TMmonitor that allows users to monitor the progress of processes compared to the preferred states. The company was founded in 2013 and is based in Hasselt, Belgium with additional offices in Houston, Texas and Köln, Germany. As of June 12, 2018, TrendMiner NV operates as a subsidiary of Software Aktiengesellschaft.

Teamleader

Series A in 2015
Teamleader, headquartered in Belgium, is a software company helping companies manage their data in the cloud. With currently over 7000 paying customers, the company has grown exponentially last year and is gearing up for significant expansion. An easy to use, clean interface combined with reasonable pricing and lots of integrations makes Teamleader the perfect solution. To see how Teamleader works, visit us at teamleader.eu.

Teamleader

Seed Round in 2014
Teamleader, headquartered in Belgium, is a software company helping companies manage their data in the cloud. With currently over 7000 paying customers, the company has grown exponentially last year and is gearing up for significant expansion. An easy to use, clean interface combined with reasonable pricing and lots of integrations makes Teamleader the perfect solution. To see how Teamleader works, visit us at teamleader.eu.

Zentrick

Series A in 2013
Zentrick BVBA operates an interactive video engagement platform designed to enhance video advertising by enabling marketers to create and deliver interactive videos. Founded in 2010 and based in Lochristi, Belgium, Zentrick offers tools such as Zentrick Studio, which features a drag-and-drop editor for building interactive videos with pre-built applications and custom development options. Their platform facilitates the integration of marketing messages and viewer interactions directly within videos, allowing for dynamic animations and real-time engagement metrics through Zentrick Analytics. The platform supports publishing to various devices and networks, providing viewers the ability to learn, share, buy, and act within the video content. In February 2019, Zentrick was acquired by DoubleVerify, where it continues to serve the digital video industry by aligning the interests of advertisers, publishers, and viewers, delivering billions of impressions monthly and fostering a more efficient media ecosystem.