Smartfin

SmartFin, established in 2014 and headquartered in Brussels, Belgium, is a private equity and venture capital firm focused on investing in exceptional B2B technology companies across Europe. The firm manages multiple funds, targeting various stages of growth and expansion, with investment sizes ranging from EUR 0.5 million to EUR 30 million. SmartFin's investment preferences span across information technology, fintech, business products and services, and other related sectors.

Thomas Depuydt

Managing Partner

Harry Haeck

Partner

Bart Luyten

Co-Founder and Managing Partner

Jean-Baptiste Maenhout

Associate

Sébastien Thiel

CFO and Partner

Laura Guillaume

Principal

43 past transactions

Fimple

Series A in 2025
Fimple is a provider of a cloud-native core banking platform designed for banks and non-banking financial institutions. The platform operates on a subscription and pay-as-you-go model, allowing financial entities to utilize advanced banking systems without heavy investments in hardware and software. Developed in accordance with open banking and global banking standards, Fimple's technology infrastructure can be accessed through cloud systems or local data centers. This innovative approach enables newly established financial institutions to swiftly implement core banking services while minimizing reliance on software developers. Fimple’s platform supports rapid product development through user-friendly design tools, allowing financial institutions to adapt their processes, create new offerings, and integrate external systems from the 'Fimple Marketplace' to enhance customer services.

emma

Series A in 2024
Emma is a cloud management platform designed to help businesses manage, optimize, and govern their cloud environments seamlessly. The platform offers capabilities for centralized visibility, automated workflows, and cost control, enabling users to efficiently oversee their resources across multiple cloud providers.

Timefold

Seed Round in 2024
Timefold is a company that offers PlanningAI solutions designed to address complex scheduling and routing challenges. Its platform enables users to create and manage schedules in real-time while adhering to operational constraints. By providing an open-source platform for planning optimization, Timefold aims to make these solutions accessible to a wide audience, including businesses, organizations, and individuals. The company's focus on seamless API integration and scalable models enhances planning efficiency for enterprise organizations, helping to minimize wasteful scheduling and improve overall operational effectiveness.

CrazyGames

Venture Round in 2023
CrazyGames operates a global browser games platform that offers instant access to a variety of free games, allowing users to enjoy gaming without the need for downloads or specific applications. The company is focused on leveraging advancements in web technology to deliver high-quality gaming experiences with impressive graphics and performance. In addition to providing entertainment, CrazyGames enables game developers to monetize their creations through advertising, facilitating a revenue stream for both developers and the platform. The company supports multiple languages, broadening its accessibility and appeal to a diverse audience of players worldwide. To further assist developers, CrazyGames has established a Developer Portal, simplifying the process of publishing games on its platform.

Timefold

Seed Round in 2023
Timefold is a company that offers PlanningAI solutions designed to address complex scheduling and routing challenges. Its platform enables users to create and manage schedules in real-time while adhering to operational constraints. By providing an open-source platform for planning optimization, Timefold aims to make these solutions accessible to a wide audience, including businesses, organizations, and individuals. The company's focus on seamless API integration and scalable models enhances planning efficiency for enterprise organizations, helping to minimize wasteful scheduling and improve overall operational effectiveness.

Luzmo

Series A in 2023
Luzmo is an embedded analytics platform designed specifically for SaaS companies, focusing on transforming complex data into user-friendly dashboards that integrate seamlessly within any SaaS or web platform. By facilitating the rapid embedding of impactful insights, Luzmo enables product teams to enhance their offerings within days instead of months. This swift integration supports users in making informed decisions quickly, thereby driving success in a competitive landscape and accelerating the transition from data to actionable choices.

Hex-Rays

Acquisition in 2022
Hex-Rays SA specializes in creating advanced binary analysis tools aimed at the IT security sector. The company's flagship product, the Hex-Rays Decompiler plugin for IDA, significantly enhances the efficiency of IT security researchers when analyzing complex C/C++ binaries. In addition to decompilers, Hex-Rays offers a range of services including digital forensics, penetration testing, debugging, and software assessment. These offerings are designed to assist IT security professionals, malware analysts, and software engineers in addressing critical challenges within their workflows, ultimately contributing to improved digital security for both private companies and government organizations.

Happeo

Series B in 2022
Happeo is a digital workplace platform that offers an advanced intranet solution for teams to manage knowledge and internal communications effectively. The platform features a template-based page builder, integrations, and a universal search functionality that simplifies access to various company tools. Happeo's user-friendly design makes it suitable for organizations of all sizes, with notable clients like Doctolib, GANT, and Marqeta utilizing its services to enhance team alignment and productivity. The platform supports internal communicators by managing calendars, files, conferencing, and projects, while also integrating with CRM and HR systems. Happeo aims to foster engagement and create a positive employee experience, achieving adoption rates that are three times higher than the industry average.

Deliverect

Series D in 2022
Deliverect is a subscription-based service that streamlines online food ordering for restaurants by integrating various third-party platforms such as Uber Eats, Deliveroo, Glovo, and DoorDash into existing point-of-sale systems. The company's software automates the inbound order flow, allowing restaurants to manage online orders through a single interface, which reduces the need for staff to monitor multiple devices and manually enter orders. Additionally, Deliverect offers consolidated reporting and inventory management features, enhancing operational efficiency by facilitating menu uploads and the outbound flow of information. This comprehensive approach helps restaurants optimize their delivery services and improve overall business performance.

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.

Recharge

Series B in 2021
Recharge is a B2C prepaid payments platform operating multiple digital storefronts including Recharge.com and Startselect.com. With its mission to 'Make Prepaid Easy,' the company distributes over 16,000 different types of digital vouchers and prepaid products, for large prepaid categories such as e-gift, shopping, and gaming cards, prepaid money cards, and international mobile and cross-border top ups. Through providing consumers with simple access to these Prepaid Payment Products they are driving a new era of accessibility to financial empowerment, giving consumers greater spending control and flexibility on their terms. Founded in 2010, today they operate in over 180 markets whilst headquartered in Amsterdam. The company is backed by Prime Ventures, Smartfin, Committed Capital and BlackRock raising ~$75M in Series A & B rounds to date.

Akinon

Venture Round in 2021
Akinon is a company that specializes in developing cloud-based omnichannel applications tailored for the retail industry. Founded in 2016 and headquartered in Istanbul, Turkey, with additional offices in London, Dubai, and Athens, Akinon offers a comprehensive portfolio of solutions. Its key products include an order management system that coordinates various eCommerce operations, an in-store application that integrates inventories from physical locations and warehouses, and a marketplace solution that enhances product management. Additionally, Akinon provides a customizable eCommerce platform designed to improve conversion rates and a tool for synchronizing sales channels across devices. By focusing on both business and technical needs, Akinon enables retailers to create unique and efficient shopping experiences that drive customer engagement and optimize sales without requiring disruptive platform changes.

Betty Blocks

Venture Round in 2021
Betty Blocks is a cloud-based software company that specializes in a no-code platform designed to empower citizen developers and facilitate business innovation. The platform enables users to create and modify complex, enterprise-grade applications without manual programming, using templates that simplify the development process. This approach allows organizations of all sizes to build a wide range of applications, from mobile apps to customer portals and back-office management tools, all with ease and efficiency. Betty Blocks focuses on breaking down technological barriers, making application development accessible to individuals without formal programming skills while driving innovation across various industries.

Willow

Venture Round in 2021
Willow is the winning combination of smart technology and experienced experts. Our specialists define your strategy and coach you towards Social Media success. The Willow platform brings inspiration, efficiency & structure. Designed specifically for Professional Service Providers and Busy Entrepreneurs.

Deliverect

Series C in 2021
Deliverect is a subscription-based service that streamlines online food ordering for restaurants by integrating various third-party platforms such as Uber Eats, Deliveroo, Glovo, and DoorDash into existing point-of-sale systems. The company's software automates the inbound order flow, allowing restaurants to manage online orders through a single interface, which reduces the need for staff to monitor multiple devices and manually enter orders. Additionally, Deliverect offers consolidated reporting and inventory management features, enhancing operational efficiency by facilitating menu uploads and the outbound flow of information. This comprehensive approach helps restaurants optimize their delivery services and improve overall business performance.

Luzmo

Funding Round in 2020
Luzmo is an embedded analytics platform designed specifically for SaaS companies, focusing on transforming complex data into user-friendly dashboards that integrate seamlessly within any SaaS or web platform. By facilitating the rapid embedding of impactful insights, Luzmo enables product teams to enhance their offerings within days instead of months. This swift integration supports users in making informed decisions quickly, thereby driving success in a competitive landscape and accelerating the transition from data to actionable choices.

Zivver

Series B in 2020
Zivver is a digital communications platform that focuses on secure email and file transfer, aimed at preventing data leaks. The company has developed a user-friendly system that enables organizations and individuals to communicate securely through email, chat, and file sharing. Zivver's platform incorporates targeted warnings and straightforward security measures, allowing users to recognize risks associated with sensitive information. By emphasizing secure communications, Zivver seeks to enhance the effectiveness of digital interactions while minimizing disruptions, thus redefining how secure communication is approached in the context of increasing digital transformation and hybrid work environments.

MariaDB

Series C in 2020
MariaDB is a global, open-source database company that provides a new generation of database products. Its software reaches over a billion users worldwide through Linux distributions and has been downloaded over a billion times, serving diverse industries and use cases. MariaDB operates as a Software-as-a-Service (SaaS) company, generating maximum revenue from the Americas, with a presence also in EMEA and APAC. The MariaDB Foundation, an independent non-profit, ensures continuity and open collaboration in the MariaDB ecosystem, providing a global contact point for the community and guaranteeing the reliability of the MariaDB Server. The foundation is funded by corporate and individual sponsors and is managed by its board of directors.

Roamler

Series B in 2020
Roamler B.V. is a technology company based in Amsterdam, Netherlands, that offers a smartphone application allowing users to earn money by completing various location-based tasks. Founded in 2011, Roamler provides multiple products, including Roamler Retail, which captures real-time feedback on in-store conditions, Roamler Tech, which focuses on optimizing in-home installations, and Roamler Care, a solution aimed at supporting patients and caregivers through crowdsourcing. The company's platform enables brands to build a mobile workforce to gather insights about store conditions, product availability, promotions, and pricing. Roamler's services are utilized across a range of sectors, including fast-moving consumer goods, retail, telecommunications, and real estate. The company operates in several countries across Europe and has expanded its presence to North and South America, demonstrating its scalable IT architecture and ability to serve various industries effectively.

Silverfin

Series B in 2020
Silverfin is a cloud platform designed to enhance the effectiveness of accountants by streamlining compliance services and facilitating the provision of advisory services. By securely hosting financial data from client systems in a centralized Structured Data Hub, Silverfin enables the standardization and automation of accounting workflows. This innovative approach significantly reduces the time required for compliance tasks, allowing accountants and finance professionals to complete work more efficiently and with greater accuracy. Ultimately, Silverfin empowers its users to improve competitiveness and profitability in the accounting industry by minimizing human error and optimizing operational processes.

Deliverect

Series B in 2020
Deliverect is a subscription-based service that streamlines online food ordering for restaurants by integrating various third-party platforms such as Uber Eats, Deliveroo, Glovo, and DoorDash into existing point-of-sale systems. The company's software automates the inbound order flow, allowing restaurants to manage online orders through a single interface, which reduces the need for staff to monitor multiple devices and manually enter orders. Additionally, Deliverect offers consolidated reporting and inventory management features, enhancing operational efficiency by facilitating menu uploads and the outbound flow of information. This comprehensive approach helps restaurants optimize their delivery services and improve overall business performance.

Akinon

Venture Round in 2020
Akinon is a company that specializes in developing cloud-based omnichannel applications tailored for the retail industry. Founded in 2016 and headquartered in Istanbul, Turkey, with additional offices in London, Dubai, and Athens, Akinon offers a comprehensive portfolio of solutions. Its key products include an order management system that coordinates various eCommerce operations, an in-store application that integrates inventories from physical locations and warehouses, and a marketplace solution that enhances product management. Additionally, Akinon provides a customizable eCommerce platform designed to improve conversion rates and a tool for synchronizing sales channels across devices. By focusing on both business and technical needs, Akinon enables retailers to create unique and efficient shopping experiences that drive customer engagement and optimize sales without requiring disruptive platform changes.

THEO Technologies

Series A in 2020
THEO Technologies specializes in universal video playback technologies designed to enhance the video experience across various platforms and devices. The company provides a universal media player that streamlines the deployment of premium playback experiences for media companies, particularly in the over-the-top (OTT) application market. By enabling online media enterprises to deliver a consistent video playback experience, THEO Technologies helps these organizations save time and resources while reaching audiences globally.

Deliverect

Series A in 2019
Deliverect is a subscription-based service that streamlines online food ordering for restaurants by integrating various third-party platforms such as Uber Eats, Deliveroo, Glovo, and DoorDash into existing point-of-sale systems. The company's software automates the inbound order flow, allowing restaurants to manage online orders through a single interface, which reduces the need for staff to monitor multiple devices and manually enter orders. Additionally, Deliverect offers consolidated reporting and inventory management features, enhancing operational efficiency by facilitating menu uploads and the outbound flow of information. This comprehensive approach helps restaurants optimize their delivery services and improve overall business performance.

The Glue

Series A in 2018
The Glue is a technology company that specializes in helping financial institutions rapidly create and deliver innovative consumer services. It achieves this by building customer-centric solutions that integrate with and enhance existing legacy systems, thereby extending the lifespan of current infrastructure investments without disruption. The Glue's offerings include platform development, data engineering, and technology consulting, enabling clients to transform siloed data into actionable insights and accelerate their digital strategies.

Ngdata

Series C in 2017
NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Luzmo

Seed Round in 2017
Luzmo is an embedded analytics platform designed specifically for SaaS companies, focusing on transforming complex data into user-friendly dashboards that integrate seamlessly within any SaaS or web platform. By facilitating the rapid embedding of impactful insights, Luzmo enables product teams to enhance their offerings within days instead of months. This swift integration supports users in making informed decisions quickly, thereby driving success in a competitive landscape and accelerating the transition from data to actionable choices.

MariaDB

Series C in 2017
MariaDB is a global, open-source database company that provides a new generation of database products. Its software reaches over a billion users worldwide through Linux distributions and has been downloaded over a billion times, serving diverse industries and use cases. MariaDB operates as a Software-as-a-Service (SaaS) company, generating maximum revenue from the Americas, with a presence also in EMEA and APAC. The MariaDB Foundation, an independent non-profit, ensures continuity and open collaboration in the MariaDB ecosystem, providing a global contact point for the community and guaranteeing the reliability of the MariaDB Server. The foundation is funded by corporate and individual sponsors and is managed by its board of directors.

Newtec

Secondary Market in 2017
Newtec is a Belgian company that specializes in designing, developing, and manufacturing equipment and technologies for satellite communications. Established in 1985, Newtec offers a range of products, including modems, satellite terminals, hubs, modulators, demodulators, redundancy switches, receivers, and multiservice broadcast terminals. These products are used across various sectors, including broadcast, government, defense, and enterprise VSAT services. With over 30 years of experience, Newtec focuses on creating efficient, scalable, and cost-effective solutions that address the evolving needs of its customers. The company's commitment to innovation and excellence enables it to contribute to a safer, more informed, and better-connected world. Newtec maintains regional offices and research and development centers in multiple locations, including the United States, Singapore, China, the UAE, Brazil, Germany, and France.

Ngdata

Series B in 2017
NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

MariaDB

Series B in 2016
MariaDB is a global, open-source database company that provides a new generation of database products. Its software reaches over a billion users worldwide through Linux distributions and has been downloaded over a billion times, serving diverse industries and use cases. MariaDB operates as a Software-as-a-Service (SaaS) company, generating maximum revenue from the Americas, with a presence also in EMEA and APAC. The MariaDB Foundation, an independent non-profit, ensures continuity and open collaboration in the MariaDB ecosystem, providing a global contact point for the community and guaranteeing the reliability of the MariaDB Server. The foundation is funded by corporate and individual sponsors and is managed by its board of directors.

Silverfin

Seed Round in 2016
Silverfin is a cloud platform designed to enhance the effectiveness of accountants by streamlining compliance services and facilitating the provision of advisory services. By securely hosting financial data from client systems in a centralized Structured Data Hub, Silverfin enables the standardization and automation of accounting workflows. This innovative approach significantly reduces the time required for compliance tasks, allowing accountants and finance professionals to complete work more efficiently and with greater accuracy. Ultimately, Silverfin empowers its users to improve competitiveness and profitability in the accounting industry by minimizing human error and optimizing operational processes.

Unifiedpost Group

Series A in 2016
Unifiedpost Group is a Belgian company that specializes in providing a cloud-based platform for administrative and financial services. Founded in 2001 and headquartered in La Hulpe, it facilitates digital connections between businesses, suppliers, and customers across various sectors, including corporate, government, agriculture, and construction. The company offers a range of solutions, including document processing, identity verification, payment automation, and procurement services, aimed at simplifying and enhancing business operations. Its invoicing solutions help organizations transition to electronic invoicing while ensuring compliance with local tax regulations. Additionally, Unifiedpost Group provides flexible invoice financing options to help small and medium-sized enterprises access working capital when needed. Overall, the company's platform is designed to streamline financial transactions and improve operational efficiency for its clients.

TrendMiner

Series B in 2015
TrendMiner, established in 2008 and headquartered in Belgium with global offices, specializes in advanced industrial analytics. Its platform facilitates real-time monitoring and troubleshooting of industrial processes, empowering users to make data-driven decisions efficiently. The company offers robust data collection, analysis, and visualization, fostering innovation, optimization, and sustainable growth. TrendMiner partners with major industry players like Amazon, Microsoft, SAP, and Siemens, and integrates with various data historians.

Ngdata

Series B in 2015
NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Ancoa Software

Series A in 2015
Ancoa Software Ltd. is a financial software company based in London, United Kingdom, specializing in contextual surveillance and analytics solutions for exchanges, regulators, and buy- and sell-side firms. Founded in 2010, Ancoa's monitoring platform enables clients to manage regulatory, reputational, and operational risks across various markets and asset classes, enhancing market integrity through improved visibility of trading behaviors. The company's suite of products includes AlertView for investigating abnormal trading alerts, MarketView for real-time monitoring of trading activities, TradeView for interactive visualization of trading data, and OrderView for reconstructing order books. Additionally, ReportView offers comprehensive reporting capabilities, DataView enables access to underlying market data, NetworkView provides insights into market participant behavior, and AnalyticsView allows users to interact with alerts and conduct historical data analysis. As of May 2017, Ancoa operates as a subsidiary of Cinnober Financial Technology AB.

Unifiedpost Group

Venture Round in 2015
Unifiedpost Group is a Belgian company that specializes in providing a cloud-based platform for administrative and financial services. Founded in 2001 and headquartered in La Hulpe, it facilitates digital connections between businesses, suppliers, and customers across various sectors, including corporate, government, agriculture, and construction. The company offers a range of solutions, including document processing, identity verification, payment automation, and procurement services, aimed at simplifying and enhancing business operations. Its invoicing solutions help organizations transition to electronic invoicing while ensuring compliance with local tax regulations. Additionally, Unifiedpost Group provides flexible invoice financing options to help small and medium-sized enterprises access working capital when needed. Overall, the company's platform is designed to streamline financial transactions and improve operational efficiency for its clients.

Ngdata

Funding Round in 2014
NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Divitel

Funding Round in 2014
Divitel is a multimedia company based in Apeldoorn, the Netherlands, specializing in independent solutions for the digital video market. Founded in 1997, the company operates as a systems integrator for professional broadcast services. Divitel designs, builds, and maintains the technical architecture of video ecosystems, providing essential support services that include consultancy, testing, certification, documentation, and training. Additionally, the company offers cloud-based managed technology services along with ongoing monitoring and maintenance for their systems, ensuring comprehensive support for clients in the evolving digital video landscape.

Ancoa Software

Private Equity Round in 2014
Ancoa Software Ltd. is a financial software company based in London, United Kingdom, specializing in contextual surveillance and analytics solutions for exchanges, regulators, and buy- and sell-side firms. Founded in 2010, Ancoa's monitoring platform enables clients to manage regulatory, reputational, and operational risks across various markets and asset classes, enhancing market integrity through improved visibility of trading behaviors. The company's suite of products includes AlertView for investigating abnormal trading alerts, MarketView for real-time monitoring of trading activities, TradeView for interactive visualization of trading data, and OrderView for reconstructing order books. Additionally, ReportView offers comprehensive reporting capabilities, DataView enables access to underlying market data, NetworkView provides insights into market participant behavior, and AnalyticsView allows users to interact with alerts and conduct historical data analysis. As of May 2017, Ancoa operates as a subsidiary of Cinnober Financial Technology AB.

Auditstage

Auditstage is an AI based modular platform designed for auditors to collaborate with their clients.

Locatee

Locatee AG is a Zurich-based company that specializes in workplace analytics solutions aimed at optimizing office space utilization. Founded in 2014, Locatee offers an innovative analytics platform that measures office occupancy without the need for hardware. By leveraging data from various sources, the platform processes this information using patented technology to provide clear insights into space utilization. This empowers corporate leaders and managers to make informed decisions regarding their real estate portfolios. The solution not only highlights optimization opportunities but also helps organizations achieve cost savings and improve the overall workplace experience. Through intelligent analytics and user-friendly reporting features, Locatee addresses the challenges of modern corporate real estate.
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