Limburgse Reconversie Maatschappij

Limburgse Reconversie Maatschappij (LRM) is an investment company focused on developing and stimulating economic growth in the Limburg region. It aims to establish a solid foundation for companies and projects that create jobs in Limburg to grow. By leveraging its financial resources, expertise, and regional assets, LRM provides a nurturing environment that supports business development and economic diversification in the area.

Tom Aerts

Head of Technology and Services

Patrick Kestens

International bridging and Business Development

91 past transactions

ADLC

Seed Round in 2025
ADLC employs drone technology to deliver logistics services, allowing businesses to implement drone-based solutions without having to manage them in-house. The company is focused on enhancing last-mile delivery in maritime and offshore environments. ADLC now conducts drone delivery services in the Port of Antwerp in collaboration with SGS, a testing and certification company, and works with companies such as BASF. Its drones have reduced delivery times and environmental effect, boosting efficiency sixfold and lowering CO2 emissions by up to 80% for petrochemical sample deliveries.

Hyperfox

Seed Round in 2025
Hyperfox is a technology company that specializes in automating order processing for businesses. Its AI-driven platform captures and validates both structured and unstructured orders, ensuring accuracy and efficiency. The platform connects various stakeholders in the supply chain, including manufacturers, distributors, and carriers, through a B2B self-service portal. This enables businesses to streamline their order processing flows, optimizing their operations and reducing manual effort.

Raw Stadia

Seed Round in 2023
Raw Stadia is a technology company specializing in interactive sports surface solutions and aerial inspection systems for confined environments. The company develops platforms that enable surface-level player interactions in sports contexts and operates compact dual-rotor aerial systems equipped for indoor inspections. The inspection platform includes extended-operation time, integrated environmental mapping, robust lighting for low-visibility areas, and sensors for detecting hazardous gases, supporting safer and more effective inspections across industrial sectors.

xyzt.ai

Seed Round in 2023
xyzt.ai is a software-as-a-service (SaaS) platform that specializes in analytics, reporting, and visualization of large location data sets, primarily serving the maritime, ports, smart city, and logistics sectors. The platform leverages advanced machine learning and artificial intelligence technologies to facilitate the ingestion, compression, storage, and analysis of data. This enables users to detect anomalies, identify patterns, and anticipate future events, as well as track various assets, vehicles, and individuals. By simplifying the process of extracting insights from location data, xyzt.ai helps industries such as retail, logistics, and aviation make informed decisions quickly and efficiently.

Luzmo

Series A in 2023
Luzmo is an embedded analytics platform designed for SaaS companies. It transforms complex data into user-friendly dashboards that can be seamlessly integrated into any SaaS or web platform, enabling product teams to add impactful insights to their products quickly and helping users make informed decisions.

MyCellHub

Funding Round in 2022
MyCellHub, originated from KU Leuven, provides a regulatory-compliant software platform for biotherapeutics manufacturing that digitalizes cell production workflows. It offers a bio-manufacturing execution system and data-management analytics SaaS that captures data in real time, integrates with ERP systems, and maintains automated batch records and a real-time audit trail to support regulated lab and cleanroom environments. The platform aims to improve efficiency of cell culture processes and enable optimization of advanced therapy production through data analytics and actionable insights.

MobieTrain

Series B in 2022
MobieTrain is a leading mobile microlearning platform designed to enhance the training and development of frontline teams across various organizations. The platform allows companies to create customized, branded learning tracks utilizing their own training content. By delivering knowledge in short, engaging segments, MobieTrain improves knowledge retention and productivity while significantly reducing content creation and administrative time. It supports employees in acquiring new skills relevant to both their professional and personal lives. The platform incorporates gamification elements to make learning enjoyable and accessible on any mobile device. MobieTrain's innovative approach aids organizations in streamlining onboarding, boosting employee engagement, and enhancing customer experience, ultimately leading to improved performance and satisfaction.

Hyperfox

Seed Round in 2022
Hyperfox is a technology company that specializes in automating order processing for businesses. Its AI-driven platform captures and validates both structured and unstructured orders, ensuring accuracy and efficiency. The platform connects various stakeholders in the supply chain, including manufacturers, distributors, and carriers, through a B2B self-service portal. This enables businesses to streamline their order processing flows, optimizing their operations and reducing manual effort.

Aerial Precision

Seed Round in 2022
Aerial Precision is a manufacturer of advanced 3D sensing systems specifically designed for commercial drones and mobile vehicles. The company focuses on light detection and ranging technology, utilizing sensors and artificial intelligence to deliver actionable insights from spatial data. Aerial Precision's systems enable the creation of real-time three-dimensional maps, facilitating informed decision-making processes for clients. By providing readily usable information, the company empowers users to access and comprehend drone data efficiently, regardless of location.

Qviro

Seed Round in 2022
Qviro is a review platform designed to assist industrial technology buyers in making informed decisions for their automation projects. By digitizing the procurement process for industrial automation technology, Qviro collects user reviews and transforms them into valuable data and insights. This information is then provided to large industrial companies, facilitating their purchasing decisions related to robots and machinery. Through its intelligent search platform, Qviro aims to enhance transparency and confidence in the marketplace for automation solutions.

Solithor

Seed Round in 2022
Solithor specializes in developing solid-state battery technology. It focuses on creating high-energy storage solutions through the development, manufacturing, and commercialization of advanced lithium-ion batteries.

Timeseer.AI

Seed Round in 2022
Timeseer.AI is a technology company focused on enhancing the connected industry economy through reliable Industrial Internet of Things (IIoT) data. It has developed a low-code platform for time series data operations and observability, aimed at facilitating augmented analytics. By integrating machine learning and natural language processing, Timeseer.AI prepares time-series analytics that allow businesses to extract valuable insights and statistics from their data. The company is dedicated to increasing the power and value of data, treating it as a significant asset for its clients.

Kwarts

Venture Round in 2021
Kwarts is an AI-driven customer data platform that enables companies to centralize and analyze their data streams effectively. It focuses on improving customer experiences by bridging internal knowledge gaps within organizations. The platform integrates artificial intelligence into existing business tools, enhancing the efficiency of commercial teams. Additionally, Kwarts offers feasibility studies that assess the go-to-market context and technology environment, which helps clients accelerate advanced segmentation and facilitate omnichannel communication strategies.

MobieTrain

Series A in 2021
MobieTrain is a leading mobile microlearning platform designed to enhance the training and development of frontline teams across various organizations. The platform allows companies to create customized, branded learning tracks utilizing their own training content. By delivering knowledge in short, engaging segments, MobieTrain improves knowledge retention and productivity while significantly reducing content creation and administrative time. It supports employees in acquiring new skills relevant to both their professional and personal lives. The platform incorporates gamification elements to make learning enjoyable and accessible on any mobile device. MobieTrain's innovative approach aids organizations in streamlining onboarding, boosting employee engagement, and enhancing customer experience, ultimately leading to improved performance and satisfaction.

Ambassify

Venture Round in 2021
Ambassify NV is a Belgian company founded in 2015 that specializes in a brand advocacy platform aimed at transforming customers and employees into loyal advocates for businesses. The platform facilitates meaningful consumer engagement by leveraging brand supporters through social media and online interactions. It provides tools to track, analyze, and monitor advocacy campaigns, enabling businesses to reduce advertising costs while enhancing brand loyalty and gaining valuable insights. By actively involving employees, satisfied clients, and partners, Ambassify helps organizations boost their sales and online presence through authentic endorsements.

FibriCheck

Venture Round in 2020
FibriCheck is a medically certified application designed for the screening and monitoring of irregular heart rhythms, including atrial fibrillation. Functioning as a software-only solution, it allows users to measure their cardiac rhythm simply by placing a finger on their smartphone camera, making it accessible for use anytime and anywhere. The application automatically shares the collected data with medical professionals, facilitating quicker diagnoses and the development of appropriate treatment plans. Additionally, FibriCheck employs an artificial intelligence platform that is device-agnostic, enabling it to leverage everyday smartphones and wearables. This innovative approach aims to enhance cardiovascular care by accurately detecting and tracking heart rhythm issues, while also helping individuals manage conditions such as high blood pressure and heart failure through user-friendly tools and customizable health plans.

Luzmo

Funding Round in 2020
Luzmo is an embedded analytics platform designed for SaaS companies. It transforms complex data into user-friendly dashboards that can be seamlessly integrated into any SaaS or web platform, enabling product teams to add impactful insights to their products quickly and helping users make informed decisions.

Classified Cycling

Seed Round in 2020
A manufacturing company engaged in the development and commercialization of cycling drivetrain products, Classified Cycling develops and manufactures products for the cycling industry. The company utilizes its Powershift technology that improves on the conventional front derailleur and offers electronic shifting, which enables instantaneous shifting under full loads and with uncompromised gear ratios.

Enervalis

Series A in 2020
Enervalis develops software that optimizes sustainable energy use. Its platform monitors energy sources and demand, predicts future needs using AI and big data, and distributes energy efficiently among users.

MobieTrain

Series A in 2020
MobieTrain is a leading mobile microlearning platform designed to enhance the training and development of frontline teams across various organizations. The platform allows companies to create customized, branded learning tracks utilizing their own training content. By delivering knowledge in short, engaging segments, MobieTrain improves knowledge retention and productivity while significantly reducing content creation and administrative time. It supports employees in acquiring new skills relevant to both their professional and personal lives. The platform incorporates gamification elements to make learning enjoyable and accessible on any mobile device. MobieTrain's innovative approach aids organizations in streamlining onboarding, boosting employee engagement, and enhancing customer experience, ultimately leading to improved performance and satisfaction.

Ninepointfive

Funding Round in 2020
Ninepointfive is a venture capital investment firm based in Antwerp, Belgium, founded in 2019. It co-invests with corporate partners to support tech startups from pre-seed to maturity, combining venture capital with corporate acceleration to drive growth. The firm works with brands such as Beiersdorf, Telenet, and Agfa to provide strategic value, resources, and market access for portfolio companies. Ninepointfive focuses on sectors including energy, information technology, B2B software as a service, and materials and resources, seeking startups with scalable technology and practical applications. By leveraging corporate networks and investment expertise, it helps founders move from early validation to scale in a pragmatic, value-driven approach.

Arkite NV

Venture Round in 2019
Arkite NV is a Belgian company, founded in 2015 and based in Genk, that focuses on manufacturing automation products designed to enhance manufacturing operations. Its primary product, the Human Interface Mate (HIM), assists operators by providing immediate warnings when incorrect operations occur and guiding them towards standardized work processes. The company prides itself on a dedicated team with expertise in industrial engineering, lean thinking, and process innovation. In addition to its technological offerings, Arkite NV provides professional services, including process innovation consultancy, integration services, and training to support the implementation of its products. The company also aids clients in conducting time studies for technology innovation and improving quality systems, ultimately aiming to reduce waste and streamline operations.

MobieTrain

Seed Round in 2019
MobieTrain is a leading mobile microlearning platform designed to enhance the training and development of frontline teams across various organizations. The platform allows companies to create customized, branded learning tracks utilizing their own training content. By delivering knowledge in short, engaging segments, MobieTrain improves knowledge retention and productivity while significantly reducing content creation and administrative time. It supports employees in acquiring new skills relevant to both their professional and personal lives. The platform incorporates gamification elements to make learning enjoyable and accessible on any mobile device. MobieTrain's innovative approach aids organizations in streamlining onboarding, boosting employee engagement, and enhancing customer experience, ultimately leading to improved performance and satisfaction.

Silicon Line

Series B in 2018
Silicon Line GmbH, established in 2005, is a leading global provider of innovative, ultra-low power optical link technology. Based in Munich, Germany, with offices worldwide, the company specializes in designing analog ICs for optical data transport in mobile devices and consumer electronics. Silicon Line's portfolio includes single and multi-channel VCSEL drivers and TIAs, serializer/de-serializer for various display interfaces, and HDMI and USB modules. Their technology enables the use of thin, long, lightweight, and high-speed 'active' optical cables, enhancing the performance of consumer electronics products and commercial applications.

Into.care

Venture Round in 2018
Into.care is a developer of a mobile healthcare collaboration platform that empowers medical staff to enhance their daily routines and improve patient care. The platform integrates patient records, telemetric data, and a smart decision support system, fostering seamless collaboration among healthcare providers. By collecting and transmitting data from connected healthcare devices to secure servers, Into.care aims to streamline operations and reduce administrative burdens faced by caretakers and medical personnel. The platform supports essential functions such as patient administration, work planning, medication management, and management reporting, ultimately aiming to elevate the quality of life for patients and enhance operational efficiency across healthcare organizations.

UgenTec

Series A in 2018
UgenTec, based in Hasselt at the Corda Campus, is a rapidly growing company specializing in molecular diagnostics software. The company has garnered multiple awards for its innovative approach and advanced algorithm technologies. UgenTec delivers an independent diagnostic platform designed to aid molecular laboratories in their DNA (PCR) analyses. Its software intelligently analyzes raw PCR data from various commercial devices, enabling standardized, automated, and certified interpretation of PCR assays. This allows lab technicians to significantly reduce sample analysis time from 1.5 hours to just 3 minutes, all while enhancing reliability. By improving laboratory efficiency and providing greater diagnostic certainty for patients, UgenTec stands out in the molecular diagnostics market.

Ontoforce

Series A in 2018
Ontoforce is a company that specializes in enhancing research and drug development for life sciences organizations by facilitating access to hidden insights within data. The company’s flagship product, DISQOVER, is a sophisticated data and knowledge platform designed specifically for the life sciences sector. Utilizing semantic technology and an ontology-based knowledge graph, DISQOVER integrates an organization’s internal data with licensed and public data, allowing users to explore and analyze information efficiently. The platform is user-friendly and customizable, catering to a diverse array of professionals, including scientific researchers, bioinformaticians, and data scientists. With over 10,000 users globally, Ontoforce is recognized for its impact on the pharmaceutical and biotechnology industries. The company is headquartered in Ghent, Belgium, with an additional office located in Cambridge, Massachusetts.

Ticto

Series A in 2017
Ticto is an information technology company specializing in security solutions. The company offers a wearable device that provides instant visual verification of authorized presence, enhancing security measures for various locations, events, tools, and vehicles. Founded by senior executives from the smart card and ICT domains, along with entrepreneurs and security industry experts, Ticto aims to make authorization visible and accessible, thereby protecting sensitive and high-risk areas more effectively. The company is experiencing rapid growth and actively seeking new talent to join its team.

Kriya Materials

Series A in 2017
Kriya Materials BV is a developer and manufacturer specializing in metal oxide nanoparticles and their associated dispersions and functional coating products. Founded in 2006 and based in Geleen, the Netherlands, the company provides a range of coatings, including hardcoats, optical hardcoats, anti-fouling hardcoats, and coatings designed to reduce solar heating. These products are utilized across various industries, including the plasma panel and LCD sectors, which encompass applications in smartphones, touch panels, and glass surfaces. Kriya Materials' innovative coatings not only enhance product performance but also contribute to energy efficiency by lowering CO2 emissions, making them valuable in applications such as energy-saving window films.

Machiels Building Solutions

Venture Round in 2017
Machiels Building Solutions specializes in the development, production, and promotion of sustainable housing and building elements aimed at making comfortable and healthy living accessible to all. The company manufactures various wooden structure and facade components, including walls, floors, and roofing systems, which cater to both new construction and renovation projects. By providing reliable and affordable solutions, Machiels Building Solutions supports clients in creating sustainable homes tailored to their specific needs.

Small Teaser

Series A in 2017
Small Teaser is a community-based digital media company founded in 2015 by Ruth and Stijn Janssens, headquartered in Belgium, Germany. The company operates a collaborative digital publishing platform that allows users to create and publish digital magazines and news websites. This platform empowers individuals to contribute articles, photos, and videos while managing their submissions. Designed to foster creative collaboration, Small Teaser enables users to connect with writers and publishers aligned with their interests, making it easier for visitors to engage with diverse content and potentially earn money through their contributions.

Blue Foot Membranes

Seed Round in 2017
Blue Foot Membranes is a start-up company founded in 2017 in Lommel, Limburg, specializing in the production and commercialization of the Integrated Permeate Channel (IPC™) technology. This patented technology is utilized in Membrane Bioreactors designed for the treatment of industrial and municipal wastewater. The company manufactures washable flat sheet membranes that offer enhanced fouling control, leading to improved filtration efficiency. By enabling effective physical cleaning of filtration systems, Blue Foot Membranes supports industries and municipalities in their efforts to reuse wastewater, contributing to more sustainable water management practices.

FibriCheck

Series A in 2017
FibriCheck is a medically certified application designed for the screening and monitoring of irregular heart rhythms, including atrial fibrillation. Functioning as a software-only solution, it allows users to measure their cardiac rhythm simply by placing a finger on their smartphone camera, making it accessible for use anytime and anywhere. The application automatically shares the collected data with medical professionals, facilitating quicker diagnoses and the development of appropriate treatment plans. Additionally, FibriCheck employs an artificial intelligence platform that is device-agnostic, enabling it to leverage everyday smartphones and wearables. This innovative approach aims to enhance cardiovascular care by accurately detecting and tracking heart rhythm issues, while also helping individuals manage conditions such as high blood pressure and heart failure through user-friendly tools and customizable health plans.

Enervalis

Venture Round in 2017
Enervalis develops software that optimizes sustainable energy use. Its platform monitors energy sources and demand, predicts future needs using AI and big data, and distributes energy efficiently among users.

Team Cyclis

Seed Round in 2017
Cyclis operates a bicycle leasing platform aimed at promoting cycling as a sustainable commuting option for employees of companies, both large and small. The platform provides significant benefits for both employees and employers, encouraging healthier lifestyles while offering a tax-friendly framework and remuneration for businesses. By facilitating access to bicycles, Cyclis supports organizations in their efforts to stimulate mobility and foster a healthier workforce, ultimately contributing to a more sustainable commuting culture.

Growzer

Venture Round in 2016
Growzer is an online management platform based in Hasselt, Belgium, specifically designed for the catering industry. The platform simplifies the ordering process for hospitality businesses by allowing users to place orders with just a few clicks while managing food costs effectively. By connecting catering businesses with wholesalers and manufacturers, Growzer provides enhanced control, time savings, and clear insights into operational performance. The company's innovative approach aims to support the future of the hospitality sector by delivering a comprehensive solution that streamlines operations and fosters efficiency, ultimately enabling businesses to achieve significant savings and improve their overall functionality.

Sparkcentral

Venture Round in 2016
Sparkcentral Inc. is a company that offers an enterprise social media helpdesk platform designed for high-volume and real-time customer engagement. The platform streamlines customer support by automating workflows, managing social inquiries, and providing a secure agent console that assigns messages to available agents. This enables customer care teams to efficiently handle large volumes of inquiries while enhancing communication and collaboration. Sparkcentral's client roster includes notable brands such as Delta Air Lines, Emirates, Netflix, Nordstrom, Dropbox, Uber, and T-Mobile, reflecting its effectiveness in improving customer service operations. Incorporated in 2012 and based in San Francisco, California, Sparkcentral has established strategic partnerships with Genesys and Calabrio to further enhance its service offerings.

Hammer-IMS

Seed Round in 2016
Hammer-IMS is a high-tech company specializing in industrial sensing solutions, focusing on contactless measurement systems for assessing thickness, weight, and anomalies in flat structures during production processes. The company leverages its innovative M-Rays technology to enhance product quality and production efficiency across various industries. Hammer-IMS offers a diverse range of measurement devices, including laboratory measuring instruments, inline cube measuring systems, and multi-head measuring tools. These systems are designed to effectively handle and measure a variety of materials such as composites, textile coatings, non-wovens, and mineral wool, thereby supporting manufacturers in optimizing their operations.

InnoSer

Venture Round in 2016
InnoSer is a contract research organization focused on enhancing biomedical research and innovation in Europe. The company provides essential support for discovery and preclinical drug development, offering a range of services that include facility management, colony management, sanitation, cryopreservation, and rederivation. Additionally, InnoSer specializes in the generation and pathological analysis of genetically engineered mouse models. By enabling scientific research institutes and commercial clients in various fields such as oncology, neurodegenerative diseases, cardiovascular health, and kidney diseases, InnoSer aims to foster collaboration and efficiency in biomedical research. Their efforts contribute to improving coordination and standardization across Europe, positioning the region as a competitive hub for medical research innovation.

Mimesys

Seed Round in 2016
Mimesys is a technology company focused on developing holographic communication solutions for Virtual and Augmented Reality platforms. The company's software allows for real-time capture and streaming of individuals in 3D, facilitating seamless communication and collaboration among increasingly dispersed workforces. By integrating this technology with devices such as the Oculus Rift and Microsoft Hololens, Mimesys enables users to interact in shared virtual environments, enhancing the experience of meetings and remote interactions. Through its innovative approach, Mimesys aims to redefine the way people connect and collaborate in a digital landscape.

Ontoforce

Seed Round in 2016
Ontoforce is a company that specializes in enhancing research and drug development for life sciences organizations by facilitating access to hidden insights within data. The company’s flagship product, DISQOVER, is a sophisticated data and knowledge platform designed specifically for the life sciences sector. Utilizing semantic technology and an ontology-based knowledge graph, DISQOVER integrates an organization’s internal data with licensed and public data, allowing users to explore and analyze information efficiently. The platform is user-friendly and customizable, catering to a diverse array of professionals, including scientific researchers, bioinformaticians, and data scientists. With over 10,000 users globally, Ontoforce is recognized for its impact on the pharmaceutical and biotechnology industries. The company is headquartered in Ghent, Belgium, with an additional office located in Cambridge, Massachusetts.

VitalNext

Venture Round in 2016
VitalNext is a company that focuses on developing innovative life science technologies aimed at improving the health and well-being of the aging population. The company specializes in creating products with evidence-based health benefits, addressing the growing demand for solutions that support healthy aging as life expectancy increases. VitalNext's most advanced product is an innovative medical nutrition designed to improve body weight and muscle mass in malnourished individuals. These products are brought to market through distribution or licensing agreements with specialized business partners.

TrendMiner

Series B in 2015
TrendMiner, established in 2008, is a leading provider of advanced industrial analytics software. Headquartered in Belgium with offices in the U.S., Germany, Spain, and the Netherlands, the company offers a fast, powerful, and intuitive platform for real-time monitoring and troubleshooting of industrial processes. TrendMiner's platform enables data-driven decision-making by providing robust data collection, analysis, and visualization. It partners with major industry players like Amazon, Microsoft, SAP, and Siemens, and integrates with various data historians. The company's self-service analytics platform uses pattern recognition and machine learning to help clients optimize process performance and drive operational intelligence.

Apitope

Series B in 2015
Apitope is a biotechnology company dedicated to discovering and developing disease-modifying therapies for autoimmune and allergic diseases. Its research primarily targets conditions such as multiple sclerosis, Graves’ disease, Factor VIII intolerance, and uveitis. Utilizing a proprietary platform technology, Apitope develops antigen-specific therapeutic peptides aimed at addressing the underlying causes of these diseases. The company’s innovative approach seeks to enhance patients' quality of life by providing treatments that minimize the risk of secondary infections and complications. Apitope's first product candidate has been licensed to a major pharmaceutical partner, Merck Serono, while the company continues to advance its remaining portfolio of therapeutic candidates.

Mind4Energy

Venture Round in 2015
Mind4Energy is a company founded by four engineers who are dedicated to providing high-quality services in the renewable energy sector, specifically focusing on photovoltaic systems. The company has developed a software solution designed to monitor, analyze, and optimize the performance of solar parks. This software tracks various metrics such as capacity, currents, voltages, and overall efficiency of photovoltaic plants. By generating performance reports and issuing alarms for any irregularities, Mind4Energy's technology enables customers to reduce operational costs, swiftly detect power losses, and effectively manage large solar installations. The company's mission is to contribute to the advancement of reliable and sustainable energy supply.

LawGives

Venture Round in 2015
LawGives connects clients with lawyers based on their preferences and needs, and offers them with free information and free consultations. It offers free guides and flat fee services for startup, business, immigration, intellectual property, employment, family, trusts and estate, eviction defense, and property law needs. The firm’s trusted circle of lawyers are screened lawyers, in a wide variety of practice areas and geographies, who provide fixed fee and custom legal services packages. LawGives membership is free to clients and the trusted circle of lawyers pays an annual subscription to power the LawGives community platform. Its community also gives back, by supporting pro bono services and partnering with established legal services organizations. LawGives was launched in 2011 and is operated from Palo Alto, California.

Silicon Line

Venture Round in 2015
Silicon Line GmbH, established in 2005, is a leading global provider of innovative, ultra-low power optical link technology. Based in Munich, Germany, with offices worldwide, the company specializes in designing analog ICs for optical data transport in mobile devices and consumer electronics. Silicon Line's portfolio includes single and multi-channel VCSEL drivers and TIAs, serializer/de-serializer for various display interfaces, and HDMI and USB modules. Their technology enables the use of thin, long, lightweight, and high-speed 'active' optical cables, enhancing the performance of consumer electronics products and commercial applications.

Ridley bikes

Venture Round in 2014
Ridley is based in Flanders, Belgium - the heartland of cycling. Home to some of the most spectacular events such as Tour of Flanders and Gent-Wevelgem. It is here where kids master the cobblestones by the age of five. While Sundays are reserved for watching the races on TV, or lining the local streets to cheer on their favourite cyclists as they zoom by. At Ridley, each one of our employees has cycling coursing through their veins. We live and breathe the sport. This passion is in fact the driving force behind the creation of every one of our Ridley bikes. Designed, meticulously painted and assembled here in Flanders. This is something you’ll feel in every pedal stroke while you take your Ridley out on your Sunday group ride, up that arduous mountain, or alongside the canal on your way to nailing that personal record.

Blue Line Logistics

Venture Round in 2014
Blue Line Logistics operates a sustainable logistical platform for transporting palletized goods via inland waterways. It combines logistical hubs with small, low-draft vessels to navigate even smaller watercourses, serving Benelux and Northern France.

Sparkcentral

Series A in 2013
Sparkcentral Inc. is a company that offers an enterprise social media helpdesk platform designed for high-volume and real-time customer engagement. The platform streamlines customer support by automating workflows, managing social inquiries, and providing a secure agent console that assigns messages to available agents. This enables customer care teams to efficiently handle large volumes of inquiries while enhancing communication and collaboration. Sparkcentral's client roster includes notable brands such as Delta Air Lines, Emirates, Netflix, Nordstrom, Dropbox, Uber, and T-Mobile, reflecting its effectiveness in improving customer service operations. Incorporated in 2012 and based in San Francisco, California, Sparkcentral has established strategic partnerships with Genesys and Calabrio to further enhance its service offerings.

Mind-NRG

Series B in 2013
Mind-NRG, headquartered in Switzerland, specializes in the development of NRG-101, a peptidic neurotrophic factor designed to address psychiatric and neurologic diseases. This innovative compound has the potential to modify disease progression and is capable of crossing the blood-brain barrier through receptor-mediated transport, allowing it to effectively target brain regions. Mind-NRG aims to develop NRG-101 for the treatment of conditions such as Parkinson's disease, Alzheimer's disease, and schizophrenia. The company is currently focused on conducting in vitro and in vivo experiments to further investigate the peptide's mechanism of action and evaluate its efficacy in various disease models.

Heyeveld nv

Venture Round in 2013
Heyeveld nv is an assortment nursery and grows hardy garden plants in various pot sizes and in full soil.

Complix

Series B in 2013
Complix is a biopharmaceutical company dedicated to the discovery and development of Alphabodies™, a novel class of therapeutics that provide distinct advantages over traditional protein-based treatments. These Alphabodies™ exhibit high affinity binding to a diverse array of disease targets, particularly those that are challenging for conventional antibodies to access. The company focuses on developing its pipeline of Alphabody therapeutics to address intracellular disease targets integral to conditions such as cancer, autoimmunity, and viral diseases. By merging the targeted potency of biologics with the stability and cell-penetrating capabilities of small molecules, Complix aims to overcome the limitations associated with conventional antibodies and small molecule drugs, thereby providing innovative solutions for patients facing intractable health issues.

XO1

Series A in 2013
XO1 Ltd is a biotechnology company focused on developing ichorcumab, an innovative anti-thrombin antibody designed to prevent heart attacks and strokes without the associated risk of bleeding. As a virtual company, XO1 operates without physical office or laboratory space, leveraging a network of high-quality contract research and development specialists across Europe and the United States. This model allows for effective cost management and ensures high-quality results by selecting the most suitable suppliers for specific tasks. The company's approach aims to revolutionize anticoagulant therapies, providing a safer alternative in the treatment of thromboembolic disorders.

Ciblis

Venture Round in 2013
Ciblis is a specialized provider of digital library, archiving, and museum information management solutions, established in May 2013. It emerged as a spin-off from the Brocade Library Services department of CIPAL NV and received funding from the Belgian investment company LRM and the University of Antwerp, which co-developed the Brocade product suite. The company offers services built on an open architectural platform that is both flexible and customizable, featuring full multilingual capabilities. This design streamlines operations and enhances the user experience, enabling libraries, archives, and museums to efficiently manage their materials and processes while assisting patrons in easily identifying and obtaining the information they need.

Fish 2 Be

Seed Round in 2013
Fish 2 Be is a European pike perch hatchery known for its innovative techniques in out-of-season spawning. The company operates a state-of-the-art Recirculation Aquaculture System (RAS) to produce over 500,000 fingerlings annually for the grow-out industry. Fish 2 Be specializes in breeding pike perch and walleye fish using carefully selected breeding stock, ensuring that no hormones or chemicals are used to accelerate the breeding process. The company has the capacity to expand its production to over 750,000 juveniles by adding two additional seasons to its current four-season egg production cycle.

FF Pharma

Series A in 2013
FF Pharma is a biopharmaceutical company focused on developing innovative therapies for chronic inflammatory diseases, specifically targeting conditions such as primary biliary cirrhosis and Crohn’s disease. The company is advancing an anti-CD40 monoclonal antibody therapy that acts as a negative allosteric modulator of the CD40 pathway. This therapy serves as a reversible switch for B cell activation, inhibiting aberrant immune responses associated with autoimmune diseases. By targeting the CD40 pathway, FF Pharma aims to provide effective treatment options for patients suffering from chronic inflammation and related disorders.

Ontoforce

Seed Round in 2013
Ontoforce is a company that specializes in enhancing research and drug development for life sciences organizations by facilitating access to hidden insights within data. The company’s flagship product, DISQOVER, is a sophisticated data and knowledge platform designed specifically for the life sciences sector. Utilizing semantic technology and an ontology-based knowledge graph, DISQOVER integrates an organization’s internal data with licensed and public data, allowing users to explore and analyze information efficiently. The platform is user-friendly and customizable, catering to a diverse array of professionals, including scientific researchers, bioinformaticians, and data scientists. With over 10,000 users globally, Ontoforce is recognized for its impact on the pharmaceutical and biotechnology industries. The company is headquartered in Ghent, Belgium, with an additional office located in Cambridge, Massachusetts.

Niceberg Studios

Seed Round in 2012
Niceberg Studios is an animation studio based in Genk, Belgium, founded in 2011. The company specializes in the development, production, and distribution of animated films, focusing on immersive experiences for various platforms. Its services encompass stereoscopic animations for 3D cinemas, 3D TVs, and gaming, as well as ride and attraction films suitable for simulators and 4D theaters in theme parks and science centers. Additionally, Niceberg Studios creates visual effects, simulations, and commercials, integrating computer graphics and animations for various media formats. By offering a fully integrated approach, the studio aims to enhance user experiences in motion-based media environments.

REstore

Funding Round in 2012
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.

Sparkcentral

Seed Round in 2012
Sparkcentral Inc. is a company that offers an enterprise social media helpdesk platform designed for high-volume and real-time customer engagement. The platform streamlines customer support by automating workflows, managing social inquiries, and providing a secure agent console that assigns messages to available agents. This enables customer care teams to efficiently handle large volumes of inquiries while enhancing communication and collaboration. Sparkcentral's client roster includes notable brands such as Delta Air Lines, Emirates, Netflix, Nordstrom, Dropbox, Uber, and T-Mobile, reflecting its effectiveness in improving customer service operations. Incorporated in 2012 and based in San Francisco, California, Sparkcentral has established strategic partnerships with Genesys and Calabrio to further enhance its service offerings.

Amakem

Series A in 2011
Amakem is a biopharmaceutical company specializing in ophthalmology. It focuses on developing treatments for serious eye conditions using its proprietary 'Localized Drug Action' platform, aiming to create safe and effective kinase inhibitors with minimal systemic exposure.

EpiGan

Venture Round in 2011
EpiGaN is a Leuven, Belgium-based company specializing in the development of Gallium Nitride (GaN) on silicon wafers. The company focuses on providing III-nitride epitaxial materials that are designed for various commercial applications. EpiGaN's GaN materials offer higher power efficiency, which helps to reduce power losses in a range of uses, including AC drives, uninterruptible power supplies (UPS), and hybrid and electric vehicles. Through its innovative technology, EpiGaN aims to enhance the performance and efficiency of electronic systems across multiple industries.

Thalento

Seed Round in 2011
Thalento is a prominent provider of cloud-based e-assessment and talent intelligence solutions designed to address various human resources challenges. The company offers a range of products that facilitate selection, succession planning, competence management, individual development planning, and team benchmarking, including 360° questionnaires. With solutions available in 26 languages and utilized in over 40 countries, Thalento's tools are scalable and compatible with major HRIS and ERP systems. The company focuses on delivering sophisticated e-assessment capabilities that enhance understanding of individuals' talents, potential, and motivation. Its user-friendly cloud environment equips organizations with the necessary instruments to effectively manage and develop their human resources anytime and anywhere.

Soulco

Venture Round in 2010
Soulco is a multinational integrator of information technology and telecommunications products and services, headquartered in Belgium. The company operates across the Middle East and Africa, with local offices in Algeria, Kenya, Egypt, the U.A.E., and Pakistan. Soulco specializes in providing customized solutions to meet the specific technical requirements of businesses. Its offerings include turnkey services such as digital signage, enterprise voice and data networking, access control, and CCTV. The company is committed to delivering cost-effective solutions through its trained and certified technical teams, which also assist clients in developing engineering design and documentation to streamline the tendering process.

Ducatt

Venture Round in 2010
Ducatt NV is a clean-tech start-up located in Belgium that specializes in the manufacturing of solar glasses. The company's products are designed to enhance the efficiency of solar systems by utilizing ultra-clear patterned glasses available in various thicknesses. Ducatt aims to provide clients with an affordable solution to improve solar energy usage, contributing to the advancement of clean energy technologies.

Complix

Series A in 2010
Complix is a biopharmaceutical company dedicated to the discovery and development of Alphabodies™, a novel class of therapeutics that provide distinct advantages over traditional protein-based treatments. These Alphabodies™ exhibit high affinity binding to a diverse array of disease targets, particularly those that are challenging for conventional antibodies to access. The company focuses on developing its pipeline of Alphabody therapeutics to address intracellular disease targets integral to conditions such as cancer, autoimmunity, and viral diseases. By merging the targeted potency of biologics with the stability and cell-penetrating capabilities of small molecules, Complix aims to overcome the limitations associated with conventional antibodies and small molecule drugs, thereby providing innovative solutions for patients facing intractable health issues.

TrendMiner

Series A in 2010
TrendMiner, established in 2008, is a leading provider of advanced industrial analytics software. Headquartered in Belgium with offices in the U.S., Germany, Spain, and the Netherlands, the company offers a fast, powerful, and intuitive platform for real-time monitoring and troubleshooting of industrial processes. TrendMiner's platform enables data-driven decision-making by providing robust data collection, analysis, and visualization. It partners with major industry players like Amazon, Microsoft, SAP, and Siemens, and integrates with various data historians. The company's self-service analytics platform uses pattern recognition and machine learning to help clients optimize process performance and drive operational intelligence.

Limburg win(d)t

Venture Round in 2010
Founded in 2009, Limburg win(d)t operates wind farms in Belgium, generating renewable energy from wind turbines. Its mission is to reduce greenhouse gas emissions and contribute to a sustainable environment.

Promethera Biosciences

Series A in 2010
Promethera Biosciences is a clinical-stage biopharmaceutical company focused on developing innovative therapies for liver diseases. Founded in 2009 and based in Mont-Saint-Guibert, Belgium, with an office in Tokyo, Japan, the company specializes in cell therapy products, notably HepaStem and H2Stem, which utilize allogeneic progenitor cells derived from healthy human adult livers. Promethera is actively working on treatments for a range of conditions, including acute-on-chronic liver failure, hemophilia, liver fibrosis, non-alcoholic steatohepatitis, liver-based metabolic diseases, and urea cycle disorders. The company also engages in strategic alliances to further its research and development efforts, enhancing its capacity to discover and commercialize effective cell therapies for liver-related ailments.

PearlChain

Venture Round in 2009
PearlChain, founded in 2004, specializes in developing Enterprise Resource Planning (ERP) software that enhances connectivity between companies and their suppliers, business partners, and customers. The company emerged from the automotive industry's need for long-term business process planning and adaptable short-term solutions, particularly in managing supplier relationships for cost efficiency. PearlChain's innovative approach focuses on real-time planning and execution, which has led to significant reductions in material costs and inventory levels across various sectors, including production, maritime, and construction industries. By enabling a production flow with full visibility, PearlChain helps clients streamline their operations, emphasizing core activities such as sales, planning, execution, and billing, ultimately optimizing their value-adding business processes.

Punch Powertrain

Venture Round in 2009
Punch Powertrain is an independent supplier specializing in fuel-efficient powertrains for the automotive industry. With over 40 years of experience, the company designs and manufactures a diverse range of transmission systems, including continuously variable transmissions (CVT), dual-clutch transmissions (DCT), and electric powertrains for new energy vehicles such as plug-in hybrids (PHEVs) and all-electric vehicles (EVs). Punch Powertrain serves various global markets, including Europe and Asia, offering innovative solutions that encompass both conventional and hybrid powertrain technologies. The company is committed to advancing automotive efficiency through its integrated electric drive systems and specialized gear units, positioning itself as a key player in the evolving automotive landscape.

Prato NV

Venture Round in 2009
Prato NV provides simplifying and automating HR processes: that is our strength. We have been supporting and supporting our customers for more than 15 years with innovative HR software, payroll and personnel administration and social-legal advice.

Aristo Music Technology

Venture Round in 2008
Aristo Music NV develops selection and distribution techniques and technologies for digital music and provides music related services. The company also develops various Internet applications, which include a Web radio that consists of a musical database. It serves catering, retail, business, leisure, and government markets. The company is based in Heverlee, Belgium.

Visys

Series C in 2008
Visys NV is a prominent provider of digital automated sorting solutions, specializing in advanced optical sorting technology. The company focuses on delivering innovative automated visual inspection services that utilize laser technology. Catering to both the food and non-food processing industries, Visys aims to enhance efficiency and quality in sorting processes through its state-of-the-art solutions. With a commitment to innovation, Visys plays a critical role in optimizing operations within various sectors that require precise sorting capabilities.

Fremach International

Venture Round in 2008
Fremach International is a European supplier renowned for its provision of intricate plastic-electronics hybrid automotive components. It distributes an array of products including plastics, metals, and mechanical components, all tailored to meet specific client requirements.

SEPS Pharma

Venture Round in 2008
SEPS Pharma NV is a pharmaceutical company based in Tongeren, Belgium, founded in 2007. The company specializes in developing prodrug approaches and drug delivery systems for generic drugs, as well as in-licensing promising compounds and drugs nearing patent expiration. SEPS Pharma focuses on creating lipophilic prodrugs and self-emulsifying prodrug systems across various therapeutic areas, including infectious diseases, oncology, and migraine, as well as addressing chemotherapy-induced and postoperative nausea and vomiting. Its product pipeline includes oral dosage forms for drugs typically administered intravenously and long-acting injectables for drugs currently delivered through daily oral administration. In addition to its drug development efforts, SEPS Pharma offers a range of product development services, including preclinical studies, preformulation, formulation development, and scaling-up services.

Diresco

Venture Round in 2007
Diresco is a Belgian family-owned company based in Limburg, specializing in the manufacturing of engineered stone. Founded in 2003 by Chris Schelfhout and his son Dirk, Diresco is the only manufacturer of quartz composite in Northern Europe capable of producing materials suitable for diverse interior environments and conditions. The company offers a wide range of quartz composite sheets in various colors and finishes, which are designed for both residential and commercial applications. These materials are easy to maintain and can be utilized for kitchen worktops, bathroom surfaces, and wall coverings, as well as outdoor uses. Diresco's products are known for their sustainability and durability, being resistant to frost, corrosion, and moisture, with a production capacity reaching up to 4,000 square meters per working day to meet high demand.

Syntegro

Venture Round in 2007
Syntegro is a Belgian company based in Beringen that specializes in hardware manufacturing and software development, particularly in workforce management solutions. The company offers products designed for access control, visitor management, time and attendance tracking, e-HR workflows, and personnel planning. With a commitment to open interfaces, Syntegro's solutions ensure seamless integration and adaptability to various business environments, allowing clients to maximize the longevity and profitability of their investments.

AsicAhead

Series B in 2007
AsicAhead NV is a fabless semiconductor company based in Genk, Belgium, with additional offices in Mountain View, California, and Godalming, United Kingdom. Founded in 2003, the company specializes in the development of integrated circuits designed for mobile, wireless, and wire-line communications. AsicAhead offers a range of radio frequency silicon solutions, including zero-IF radio architectures, on-chip analog tunable filtering, transmitter loops, and both analog and digital converters. Its products cater to various wireless applications, such as those utilized in global systems for mobile communication, wireless local area networks, Bluetooth, and ultra-wideband technologies. AsicAhead operates as a subsidiary of AnSem N.V. as of August 2008.

Rmoni

Venture Round in 2006
Rmoni is a company that specializes in developing a Digital Quality Management Solution, utilizing both hardware and software to provide a comprehensive system for the wireless registration, real-time monitoring, and reporting of critical control parameters. Its products cater to three main areas: temperature monitoring for food products during transport and storage, health and energy monitoring in public buildings, and environmental monitoring within the pharmaceutical industry. By offering these services, Rmoni enables customers to comply with sector-specific regulations and enhance operational efficiency.

Zappware

Debt Financing in 2006
Zappware is a company focused on delivering innovative user interface design and video back-office solutions tailored for digital TV services across a variety of screens and devices. It has developed a digital streaming platform that integrates creativity and technology to enhance the entertainment experience. The platform offers an intuitive and personalized multi-screen television experience, facilitating on-demand streaming services. Zappware's solutions are compatible with set-top boxes, connected TVs, smartphones, tablets, and personal computers, ensuring seamless content accessibility for users regardless of the device or network.

Different Hotels

Venture Round in 2006
Different Hotels is a hospitality group that operates seven hotels, including M Hotel, Carbon, Eburon, ECU, Eurotel, Terhills Hotel, and YUP. The group also manages a hotel booking portal that provides comprehensive booking services across various locations. This portal allows customers to reserve accommodations for both personal and professional purposes, offering additional amenities such as meeting rooms and spa services. Different Hotels aims to enhance the guest experience by providing convenient booking options and a range of facilities tailored to meet diverse needs.

Ideaxis

Venture Round in 2006
Ideaxis.com offers online communication services for small business entrepreneurs.

Visys

Venture Round in 2006
Visys NV is a prominent provider of digital automated sorting solutions, specializing in advanced optical sorting technology. The company focuses on delivering innovative automated visual inspection services that utilize laser technology. Catering to both the food and non-food processing industries, Visys aims to enhance efficiency and quality in sorting processes through its state-of-the-art solutions. With a commitment to innovation, Visys plays a critical role in optimizing operations within various sectors that require precise sorting capabilities.

Entelec Control Systems

Venture Round in 2005
Entelec Control Systems is a Belgium-based software and engineering company that delivers integrated safety, security, and building management solutions for complex infrastructure, including buildings, tunnels, airports, rail networks, and subway systems. It develops Sky-Walker, an in-house platform that unifies diverse control systems—access control, fire and intrusion detection, CCTV, heating, ventilation and air conditioning, lighting, power, traffic management, lifts and escalators, and telecommunications—into a single interface for centralized monitoring from one workstation. The company focuses on connecting disparate systems to improve safety, efficiency and operational oversight in large-scale environments. Founded in 2003, Entelec operates from Diepenbeek, Belgium, with an additional office in Delhi, India.

Clavis Publishing

Acquisition in 2005
Clavis Publishing is a prominent publishing group specializing in children's and juvenile literature, operating for over 30 years in Belgium, the Netherlands, and the United States. Renowned for its high-quality co-editions, the company collaborates with publishers across more than 30 language markets. Clavis Publishing offers a diverse range of services, including rights management for books, film, and television, as well as personalized publications and B2B specials. The company is dedicated to fostering imagination and creativity in children, believing that inspiring young readers today will contribute to a better world tomorrow.
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