Fortino Capital I

Fortino Capital Partners, founded in 2013 and based in Antwerp, Belgium, is a growth and expansion firm that focuses on investing in early and mid-cycle business-to-business software-as-a-service (SaaS) companies. The firm aims to provide both capital and expertise to exceptional entrepreneurs and companies in Europe and the USA, particularly those developing software platforms designed for small and medium-sized enterprises (SMEs). Fortino Capital also targets investments in companies seeking to transform their business models by implementing best-in-class management practices and advanced technologies. The firm emphasizes building brands and go-to-market strategies, particularly for media and high-end product manufacturing sectors.

Renaat Berckmoes

Partner

Wouter Van de Bunt

Partner

Filip Van Innis

Investment Director

Philippe Remy

Partner

Duco Sickinghe

Managing Partner

De Troyer, Steven

Partner

Matthias Vandepitte

Partner

Past deals in Benelux

TechWolf

Series A in 2022
TechWolf is a company that specializes in an AI-based talent intelligence platform aimed at helping enterprises transition to a skills-based talent model. The platform automatically tracks employees’ skills by analyzing HR information and their digital interactions in the workplace. By utilizing artificial intelligence, TechWolf's software provides organizations with a comprehensive view of their workforce's skills and identifies skill gaps, offering actionable insights regarding current and future skill requirements. This enables companies to make informed decisions that enhance both individual employee development and overall organizational effectiveness.

Venly

Series A in 2022
Venly is a developer of a cryptocurrency platform that focuses on building blockchain solutions for digital asset creation and monetization. The company offers an all-in-one platform that enables developers to integrate any blockchain into their projects seamlessly. Venly's wallet simplifies the complexities of blockchain technology, facilitating an open network among individuals, ecosystems, and applications. By providing custodial solutions and straightforward, composable abstractions, Venly empowers users to conduct transactions with others, access decentralized applications, and interact across different networks. Additionally, Venly Ventures invests in promising Web3 gaming projects, offering technical talent, industry expertise, and a broad network to support their growth.

Timeseer.AI

Seed Round in 2022
Timeseer.AI is a developer of a low-code platform focused on time series data operations and observability. The company aims to enhance the value of industrial Internet of Things (IIoT) data, enabling businesses to treat data as a valuable asset. By integrating machine learning and natural language processing, Timeseer.AI prepares time-series analytics to help organizations extract meaningful statistics and insights from their data. The platform is designed to support augmented analytics, facilitating informed decision-making in the connected industry economy.

D2X Group

Seed Round in 2022
D2X Group is establishing a regulated cryptocurrency derivatives exchange based in the Netherlands, operating seven days a week. The exchange offers a range of cash-settled futures and options for Bitcoin and Ethereum, catering specifically to institutional investors. D2X Group employs a distinctive post-trade model that provides a capital-efficient alternative to central clearing, thereby enhancing the accessibility of digital assets for financial institutions. By adopting a regulatory-first approach, D2X aims to bridge the gap between traditional finance and the emerging digital asset market, helping institutions manage operational and regulatory risks while facilitating their entry into this evolving asset class. The company is supported by notable strategic investors, reflecting its commitment to fostering institutional adoption of cryptocurrency derivatives.

Reveall

Pre Seed Round in 2021
Reveall is a customer insights platform focused on enhancing businesses' understanding of their customers. By facilitating the collection, organization, and sharing of insights from customer research and feedback, Reveall enables companies to bridge the gap between customer data and informed decision-making. The platform efficiently imports data from various sources and transforms unstructured information into clear, actionable insights. Through visualization and reporting of customer experiences, Reveall helps businesses identify and address customer needs effectively.

Salonkee

Series A in 2021
Salonkee S.A. is a Luxembourg-based company founded in 2016 that operates an online platform for booking salon appointments. This software development firm specializes in customer management and point-of-sale systems tailored for the hair and cosmetics sectors. Salonkee's platform offers features such as a digital calendar, automated appointment reminders via email and SMS, and tools for stock management. It enables users to easily search for services or salons and provides a streamlined process for editing and rescheduling appointments. By combining user-friendly design with automated features, Salonkee aims to enhance the overall experience of booking beauty services while supporting business development through comprehensive management statistics and marketing tools.

Kaizo

Seed Round in 2021
Kaizo is a performance management platform designed specifically for customer support teams, focusing on enhancing operational efficiency and employee engagement. Founded in 2018 and based in Amsterdam, the company utilizes gamification and artificial intelligence to improve performance metrics and boost team retention. Kaizo's software converts data into actionable insights, driving motivation and productivity among agents. It is fully integrated with Zendesk and is expected to extend its compatibility to other CRM tools in the future. By actively guiding employees towards their goals, Kaizo aims to foster a positive impact within organizations. Formerly known as Ticketless Operations B.V., the company rebranded to Kaizo in March 2020.

ReaQta

Series A in 2021
ReaQta is a leading AI Endpoint Security Platform in Europe, created by a team of cybersecurity experts and AI/ML researchers with backgrounds in government intelligence. The platform is designed to provide organizations with a powerful and user-friendly solution for eliminating advanced threats quickly and effectively. ReaQta's proprietary dual-AI engines enhance endpoint security through comprehensive detection and response capabilities, allowing businesses to maintain control over malware infections, exploitation attempts, and data exfiltration. The system alerts security teams to real-time threats and anomalous behaviors, streamlining the security process and enabling organizations to respond more efficiently to potential attacks while simplifying the overall security management experience.

Cenosco

Seed Round in 2020
Cenosco B.V. specializes in developing integrity management software aimed at enhancing asset integrity across various industries, including construction, oil and gas, transportation, healthcare, and manufacturing. Founded in 2000 and headquartered in The Hague, the Netherlands, with additional offices in Croatia, Cenosco offers a range of cloud-based solutions. These include IMS PEI for managing the integrity of pressure and civil equipment, IMS RCM for optimizing preventive maintenance strategies, SIFpro for ensuring safety instrumented functions, IMS PLSS for pipeline integrity status, and IMS FLANGES for managing flanges. The company focuses on reducing risks and improving productivity for its clients through its innovative and user-friendly tools.

Odin Groep

Acquisition in 2019
Odin Groep specializes in IT solutions, cloud hosting, security, managed services and consultancy.

Maxxton

Venture Round in 2019
Maxxton is a software developer specializing in solutions for the hospitality industry, particularly focusing on the vacation and short-term rental sectors. As a Software as a Service (SaaS) provider, Maxxton offers tools that streamline reservation processes for hospitality managers. By automating labor-intensive tasks, the company enhances operational efficiency and reduces staffing costs. Additionally, Maxxton aims to support its clients in growing their businesses while prioritizing an improved guest experience.

SupplyStack

Series A in 2019
SupplyStack, based in Antwerp, Belgium, provides a real-time visibility solution for monitoring transport orders, enabling effective collaboration and automating various logistical processes. The company offers a comprehensive platform that integrates a visibility solution with a transport management system, allowing users to track and manage logistics efficiently. SupplyStack serves a diverse range of industries, including automotive, industrial manufacturing, FMCG, chemicals, wholesale and distribution, pharmaceuticals, and food and beverage. Its software facilitates real-time monitoring and planning of transportation flows, helping logistics service providers and shippers enhance operational efficiency and reduce costs while improving overall service quality.

Teamleader

Series C in 2018
Teamleader, based in Belgium, is a software company that provides a comprehensive platform for project management and invoicing, aimed at helping entrepreneurs streamline their business operations. With over 7,000 paying customers, the company has experienced significant growth and is poised for further expansion. Teamleader's user-friendly interface, competitive pricing, and extensive integrations make it an appealing choice for businesses looking to manage their sales, project management, calendar, time tracking, invoicing, and ticketing in one place. By simplifying these essential functions, Teamleader enables clients to save time and focus on increasing their revenue.

Dobco Medical Systems

Venture Round in 2018
Dobco Medical Systems N.V., founded in 2011 and based in Sint-Niklaas, Belgium, specializes in web-based medical imaging solutions for the healthcare industry. The company offers innovative platforms such as PACSonWEB, which utilizes HTML5 technology for secure access to medical imaging, and RISonWEB, a radiology information system designed for nuclear medicine. Dobco Medical Systems aims to enhance the diagnostic imaging process by providing clear interfaces that facilitate the exchange of medical images and reports among patients and healthcare professionals. By leveraging cloud-native technology, the company addresses the challenges of medical imaging from a unique perspective, streamlining workflows and improving access to critical medical information across the continuum of care.

PieSync

Venture Round in 2018
PieSync is a developer of a synchronization application that facilitates real-time contact syncing between various cloud applications. By enabling bidirectional synchronization, PieSync allows users to manage their contacts, emails, calendars, tasks, and documents seamlessly. The application operates in the background, ensuring that contacts are consistently updated across different platforms, which significantly enhances productivity for business users by integrating their favorite web applications.

Mobilexpense

Venture Round in 2017
Mobilexpense is a developer of SaaS-based travel and expense management software designed to streamline the expense reporting process for organizations. The platform simplifies travel requests, expense submissions, and approvals, making these tasks quick and efficient. With advanced features such as optical character recognition (OCR) and machine learning, Mobilexpense enhances user experience while ensuring compliance with various regulations, including the Sunshine Act. The software allows finance departments to implement automated controls and analytics, facilitating VAT recovery and adherence to industry-specific practices. Mobilexpense has successfully implemented its solution over 1,600 times across more than 100 countries, gaining the trust of notable clients. Additionally, the platform supports integrations with online booking tools, credit card feeds, and existing financial and HR systems, further enhancing its utility for organizations seeking effective expense management.

APROPLAN

Series A in 2017
The construction industry has one of the highest error. This is due to constant changes in plans and drawings, important administrative burden, and the number of stakeholder involved in the construction process. AproPLAN is an collaborative app for architects, contractors and engineers that aims to reduce this by putting everyone on the same page. AproPLAN centralises all of the plans, drawings and documents of a project in one place ensuring everyone is on the same page. During site visits AproPLAN replaces pen and paper, helping to reduce the admin burden by 50%. I you want to join a fast-growing dynamic team that aims to completely revolutionise the construction world join us!

BuyBay

Venture Round in 2017
BuyBay is an innovative online service platform that specializes in facilitating the sale of returned goods. The company assists manufacturers and suppliers in navigating the complexities of e-commerce by providing IT services that streamline the management of returned products. BuyBay evaluates the condition of items returned by customers, offering detailed reports on their state, including any signs of use or damage. This transparency helps consumers make informed purchasing decisions and ensures an optimal match between buyers and products. Operating in over 20 countries and partnering with more than 100 clients, BuyBay enhances the redistribution of returned goods, maximizing returns for all stakeholders involved.

Bloomon

Series B in 2017
Bloomon B.V., founded in 2014 and headquartered in Amsterdam, Netherlands, operates an online retail platform specializing in flower delivery across Europe. The company emphasizes a direct-to-consumer model, sourcing flowers directly from growers to ensure quality. Bloomon offers a subscription service allowing customers to conveniently arrange their orders online, with the flexibility to pause, change, or cancel deliveries without any commitment. This approach enables users to create customized packaging with fresh flowers, enhancing their overall experience. Focused on client satisfaction and product quality, Bloomon prioritizes service over competition in the online flower market.

Teamleader

Series B in 2016
Teamleader, based in Belgium, is a software company that provides a comprehensive platform for project management and invoicing, aimed at helping entrepreneurs streamline their business operations. With over 7,000 paying customers, the company has experienced significant growth and is poised for further expansion. Teamleader's user-friendly interface, competitive pricing, and extensive integrations make it an appealing choice for businesses looking to manage their sales, project management, calendar, time tracking, invoicing, and ticketing in one place. By simplifying these essential functions, Teamleader enables clients to save time and focus on increasing their revenue.

SupplyStack

Seed Round in 2016
SupplyStack, based in Antwerp, Belgium, provides a real-time visibility solution for monitoring transport orders, enabling effective collaboration and automating various logistical processes. The company offers a comprehensive platform that integrates a visibility solution with a transport management system, allowing users to track and manage logistics efficiently. SupplyStack serves a diverse range of industries, including automotive, industrial manufacturing, FMCG, chemicals, wholesale and distribution, pharmaceuticals, and food and beverage. Its software facilitates real-time monitoring and planning of transportation flows, helping logistics service providers and shippers enhance operational efficiency and reduce costs while improving overall service quality.
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.

inSided

Series A in 2016
inSided is an enterprise-level community platform that enables companies to connect with their customers through a cloud-based solution. The platform offers a comprehensive suite of applications for building, integrating, and managing branded customer communities across various digital touchpoints and devices. By providing community engagement technology and services, inSided helps organizations reduce costs, enhance brand advocacy, drive sales, and empower customers, thereby improving customer success and retention. The platform is utilized by numerous international companies, including BNP Paribas, KPN, Philips, SONOS, T-Mobile, and TomTom, showcasing its effectiveness in fostering customer engagement and loyalty.

Unifiedpost Group

Series A in 2016
Unifiedpost Group is a Belgium-based company that develops a cloud-based platform aimed at enhancing administrative and financial services. Established in 2001 and headquartered in La Hulpe, the company facilitates connections among customers, suppliers, and various stakeholders in the financial value chain. Unifiedpost Group offers a range of solutions including electronic invoicing, digital payment processes, automated procurement services, and flexible invoice financing, primarily targeting small and medium-sized enterprises as well as corporate and government entities. The company's platform encompasses digital document processing activities, managing both inbound and outbound document flows, thereby streamlining business operations for its clients across various sectors, including agriculture, accounting, and construction.

TrendMiner

Series B in 2015
TrendMiner is an advanced industrial analytics platform that focuses on real-time monitoring and troubleshooting of industrial processes. Founded in 2008 and headquartered in Belgium, with additional offices in the U.S., Germany, Spain, and the Netherlands, TrendMiner enables industrial operations to collect, analyze, and visualize data effectively, facilitating smarter, data-driven decision-making. The platform employs a powerful analytics engine that processes time series data and incorporates predictive analytics, allowing clients to identify trends through pattern recognition and machine learning. TrendMiner has established strategic partnerships with leading companies, including Amazon, Microsoft, and Siemens, and offers standard integrations with various data historians, such as OSIsoft PI and Honeywell PHD. This comprehensive approach supports innovation, optimization, and sustainable growth in diverse industrial sectors.

Teamleader

Series A in 2015
Teamleader, based in Belgium, is a software company that provides a comprehensive platform for project management and invoicing, aimed at helping entrepreneurs streamline their business operations. With over 7,000 paying customers, the company has experienced significant growth and is poised for further expansion. Teamleader's user-friendly interface, competitive pricing, and extensive integrations make it an appealing choice for businesses looking to manage their sales, project management, calendar, time tracking, invoicing, and ticketing in one place. By simplifying these essential functions, Teamleader enables clients to save time and focus on increasing their revenue.

Teamleader

Seed Round in 2014
Teamleader, based in Belgium, is a software company that provides a comprehensive platform for project management and invoicing, aimed at helping entrepreneurs streamline their business operations. With over 7,000 paying customers, the company has experienced significant growth and is poised for further expansion. Teamleader's user-friendly interface, competitive pricing, and extensive integrations make it an appealing choice for businesses looking to manage their sales, project management, calendar, time tracking, invoicing, and ticketing in one place. By simplifying these essential functions, Teamleader enables clients to save time and focus on increasing their revenue.

Zentrick

Series A in 2013
Zentrick is a digital video technology company that specializes in ad tech solutions designed to enhance the effectiveness of video advertising. By providing middleware applications, Zentrick enables marketers to deliver personalized and interactive video experiences, while also offering real-time measurement capabilities. Its technology aligns the interests of advertisers, publishers, and viewers, facilitating a healthier and more efficient media ecosystem in the digital video industry. Zentrick serves billions of impressions each month, contributing to improved user engagement and sales conversion across various platforms and devices. In February 2019, Zentrick was acquired by DoubleVerify, and its core team was integrated into a new business unit focused on video and publisher solutions.
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