SmartFin

SmartFin Capital is a private equity and venture capital firm based in Brussels, Belgium, established in December 2014. The firm specializes in early-stage and growth capital investments, primarily targeting private growth companies in the smart technologies sector, with a particular emphasis on financial technologies. SmartFin focuses on companies in Europe, investing between EUR 0.5 million and EUR 12 million over the lifespan of its portfolio companies, and typically takes minority stakes in its investments. The firm is committed to fostering significant value creation in rapidly growing market segments and provides options for follow-on investments as part of its initial commitments. SmartFin's investment strategy encompasses a range of sectors, including security, big data, analytics, artificial intelligence, and enterprise software.

Thomas Depuydt

Managing Partner

Harry Haeck

Partner

Jürgen Ingels

Founder and Managing Partner

Bart Luyten

Co-Founder and Managing Director

Jean-Baptiste Maenhout

Associate

Sebastien Thiel

CFO and Partner

36 past transactions

Luzmo

Series A in 2023
Luzmo operates as a cloud analytics platform that focuses on providing business experts and SaaS companies with tools for data visualization. Based in Belgium, the platform enables users to integrate intuitive and powerful analytics into their daily operations, enhancing their ability to interpret and leverage data effectively. Luzmo's offerings are designed to simplify complex data processes, making it easier for organizations to derive insights and make informed decisions.

Happeo

Series B in 2022
The all-in-one enterprise social intranet, knowledge base, digital workplace, Internal Communications tool and people directory – all working perfectly with Google Suite. Happeo turns G Suite into a unified hub for teamwork. It facilitates managing remote teams and collaboration for enterprise and fast-growing organizations. In 2019, Gartner named Happeo a Cool Vendor. That same year, The Next Web recognized Happeo as one of Europe's fastest-growing scale-ups. Happeo’s own talent is spread across locations, generations, and time zones, helping Happeo’s continued growth of 280% year on year. To learn more visit https://www.happeo.com.

Deliverect

Series D in 2022
Deliverect NV operates a Software as a Service platform designed to streamline the management of takeaway and delivery orders for restaurants, bars, and cafes. Founded in 2018 and headquartered in Ghent, Belgium, the company integrates various third-party online ordering platforms, such as Uber Eats and Deliveroo, into restaurants' existing point-of-sale systems. This integration automates the inbound order flow, allowing staff to focus on other tasks by eliminating the need to monitor multiple devices or manually re-enter orders. Deliverect's platform not only simplifies order management but also offers features for consolidated reporting and inventory management, enhancing operational efficiency for food businesses worldwide.

Timeseer.AI

Seed Round in 2022
Timeseer.AI is a developer of a low-code platform focused on time series data operations and observability, aimed at enhancing augmented analytics. The company integrates machine learning and natural language processing to facilitate the preparation of time-series analytics. This unique approach allows organizations to derive meaningful insights and statistics from their data. Timeseer.AI represents a collaborative effort between industry experts, academia, and entrepreneurs with over a century of combined experience in time-series analytics, positioning itself as a leader in this specialized field.

Locatee

Funding Round in 2021
Locatee AG is a Zurich-based company that specializes in workplace analytics, providing solutions aimed at optimizing office space utilization. Founded in 2014, Locatee offers an analytics platform that measures office occupancy without the need for hardware. By leveraging data from various sources and employing unique patent-pending technology, Locatee transforms complex information into clear insights. This enables corporate leaders to make informed decisions regarding their real estate, identify optimization opportunities, and enhance the overall workplace experience. The platform is designed to cater to the evolving challenges of modern corporate real estate, allowing organizations to achieve significant savings and improve the effectiveness of their office spaces.

Recharge

Series B in 2021
Recharge, based in Amsterdam, Netherlands, specializes in simplifying the process of prepaid credit and top-up services. The company aims to disrupt the traditional, often slow market by providing a fast, safe, and convenient online recharge experience for customers worldwide. With a focus on accessibility, Recharge seeks to offer its services anytime and anywhere, catering to a diverse range of users. The company is dedicated to expanding its presence in the online recharge sector and is actively seeking talented professionals to support its growth and innovation in this rapidly evolving industry.

Akinon

Venture Round in 2021
Akinon is a company specializing in 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 suite of solutions designed to enhance retail operations. Its offerings include Akinon OMS, an order management system that streamlines eCommerce processes; the Akinon Instore App, which integrates inventory management from both physical stores and warehouses; and Omnitron, a sophisticated product management system. Akinon also provides Akinon Commerce, an eCommerce platform that emphasizes high conversion rates through customized storefronts, and the Akinon Native AppBuilder, which enables users to create and synchronize new sales channels across devices. The platform aims to improve customer experiences, increase revenues, and optimize operational efficiency for retail brands.

Betty Blocks

Venture Round in 2021
Betty Blocks is a web-based platform that offers a low-code application development solution, allowing users to create web applications without the need for manual programming. Launched in 2012 by Chris Obdam, the platform features multi-platform support and provides ready-made templates, enabling users to build and modify applications efficiently. Betty Blocks also includes sandboxing capabilities, comprehensive documentation, and consultancy and training services to assist users in maximizing the platform’s potential. By catering to tech-savvy individuals without extensive programming skills, Betty Blocks empowers organizations to develop enterprise-grade software applications effectively.

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 NV operates a Software as a Service platform designed to streamline the management of takeaway and delivery orders for restaurants, bars, and cafes. Founded in 2018 and headquartered in Ghent, Belgium, the company integrates various third-party online ordering platforms, such as Uber Eats and Deliveroo, into restaurants' existing point-of-sale systems. This integration automates the inbound order flow, allowing staff to focus on other tasks by eliminating the need to monitor multiple devices or manually re-enter orders. Deliverect's platform not only simplifies order management but also offers features for consolidated reporting and inventory management, enhancing operational efficiency for food businesses worldwide.

Luzmo

Funding Round in 2020
Luzmo operates as a cloud analytics platform that focuses on providing business experts and SaaS companies with tools for data visualization. Based in Belgium, the platform enables users to integrate intuitive and powerful analytics into their daily operations, enhancing their ability to interpret and leverage data effectively. Luzmo's offerings are designed to simplify complex data processes, making it easier for organizations to derive insights and make informed decisions.

ZIVVER

Series B in 2020
Zivver B.V. is a company that offers a software-as-a-service (SaaS) platform designed to enhance the security of communications, particularly in sectors that handle sensitive information such as healthcare, legal, and financial services. Founded in 2015 and headquartered in Amsterdam, with additional offices in London and Berlin, Zivver provides a web application, plug-in, and mobile application that enables users to securely send emails, chat messages, and share files. Its solution integrates seamlessly with existing email systems, allowing organizations to maintain control over information sharing without requiring significant changes to user behavior. By adding layers of security and privacy, Zivver helps prevent data leaks and mitigates the risks associated with sensitive information, protecting organizations from potential financial penalties and reputational damage.

MariaDB

Series C in 2020
MariaDB Corporation Ab develops and delivers an open source relational database designed for database administrators and application developers. The company offers MariaDB Enterprise, an enterprise-grade database solution that includes features such as backup and recovery, support, and monitoring. This subscription-based service supports organizations using MariaDB and MySQL in production environments. In addition to its core offerings, MariaDB provides a variety of services including architecture planning, database migration, performance tuning, and training. The company has a significant presence in the cloud, operating in major public clouds and Linux distributions, and serves a diverse range of clients, including many Fortune 500 companies. Founded in 2010 and headquartered in Espoo, Finland, with additional offices in California, MariaDB is supported by the MariaDB Foundation, which promotes continuity and collaboration in the MariaDB ecosystem.

Roamler

Series B in 2020
Roamler B.V. is a company that offers a smartphone application for iPhone and Android devices, allowing users to earn money by completing various tasks. The company provides several products, including Roamler Retail, which captures real-time feedback about in-store conditions; Roamler Tech, focused on optimizing installations in the home; and Roamler Care, which addresses the needs of patients and caregivers through crowdsourcing. Utilizing location-based crowdsourcing, Roamler enables brands to create mobile workforces that gather insights on store conditions, product availability, promotions, pricing, and other factors. The application analyzes this data to identify retail execution issues and notifies field teams for resolution. Roamler serves multiple sectors, including fast-moving consumer goods, retail, telecommunications, and utilities, and operates across Europe, North America, and South America. Founded in 2011 and headquartered in Amsterdam, Roamler is active in numerous European countries, including the Netherlands, the United Kingdom, and Germany, with ongoing expansions in various markets.

Silverfin

Series B in 2020
Silverfin operates a connected accounting platform designed to enhance the efficiency and accuracy of financial services. Founded in 2013 and headquartered in Ghent, Belgium, with an additional office in London, the platform integrates data from various accounting, CRM, and CMS software, allowing users to access customized reporting tools and documentation. It offers features such as real-time updates, drag-and-drop functionality, and collaborative commenting, facilitating smooth workflows and communication among stakeholders. By centralizing financial data in a secure cloud-based Structured Data Hub, Silverfin standardizes and automates accounting processes, significantly reducing the time required for compliance tasks. The platform serves finance departments and accountancy firms of all sizes, both in Belgium and internationally, ultimately aiming to improve the competitiveness and profitability of its users' services.

Deliverect

Series B in 2020
Deliverect NV operates a Software as a Service platform designed to streamline the management of takeaway and delivery orders for restaurants, bars, and cafes. Founded in 2018 and headquartered in Ghent, Belgium, the company integrates various third-party online ordering platforms, such as Uber Eats and Deliveroo, into restaurants' existing point-of-sale systems. This integration automates the inbound order flow, allowing staff to focus on other tasks by eliminating the need to monitor multiple devices or manually re-enter orders. Deliverect's platform not only simplifies order management but also offers features for consolidated reporting and inventory management, enhancing operational efficiency for food businesses worldwide.

THEO Technologies

Series A in 2020
THEO Technologies specializes in universal video playback technologies designed to provide an optimal viewing experience across various platforms and devices. The company's offerings include a comprehensive portfolio of video playback components and pre-integrations, enabling media companies to deploy premium video experiences efficiently and cost-effectively. By facilitating seamless video playback in over-the-top (OTT) applications, THEO Technologies allows online media enterprises to deliver a consistent and exceptional video experience to audiences worldwide, regardless of the device or platform used.

Akinon

Venture Round in 2020
Akinon is a company specializing in 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 suite of solutions designed to enhance retail operations. Its offerings include Akinon OMS, an order management system that streamlines eCommerce processes; the Akinon Instore App, which integrates inventory management from both physical stores and warehouses; and Omnitron, a sophisticated product management system. Akinon also provides Akinon Commerce, an eCommerce platform that emphasizes high conversion rates through customized storefronts, and the Akinon Native AppBuilder, which enables users to create and synchronize new sales channels across devices. The platform aims to improve customer experiences, increase revenues, and optimize operational efficiency for retail brands.

THEO Technologies

Series A in 2020
THEO Technologies specializes in universal video playback technologies designed to provide an optimal viewing experience across various platforms and devices. The company's offerings include a comprehensive portfolio of video playback components and pre-integrations, enabling media companies to deploy premium video experiences efficiently and cost-effectively. By facilitating seamless video playback in over-the-top (OTT) applications, THEO Technologies allows online media enterprises to deliver a consistent and exceptional video experience to audiences worldwide, regardless of the device or platform used.

Deliverect

Series A in 2019
Deliverect NV operates a Software as a Service platform designed to streamline the management of takeaway and delivery orders for restaurants, bars, and cafes. Founded in 2018 and headquartered in Ghent, Belgium, the company integrates various third-party online ordering platforms, such as Uber Eats and Deliveroo, into restaurants' existing point-of-sale systems. This integration automates the inbound order flow, allowing staff to focus on other tasks by eliminating the need to monitor multiple devices or manually re-enter orders. Deliverect's platform not only simplifies order management but also offers features for consolidated reporting and inventory management, enhancing operational efficiency for food businesses worldwide.

The Glue

Series A in 2018
The Glue is a contemporary, new solution which enables financial institutions to quickly develop innovative financial services for today’s consumers. These services are delivered by creating a customer centric environment, overlaying the core legacy systems. The Glue is a unique enabling yet non-disruptive solution which helps to protect and prolong the lifespan of your existing infrastructure investments.

NGDATA

Series C in 2017
NGDATA is a company that specializes in consumer intelligence management solutions, focusing on data-driven sectors such as retail, finance, media, and telecommunications. The company has developed Lily, a big data management system that extracts real-time business insights and enhances data utility. By combining big data management with machine learning technologies, NGDATA provides enterprises with a comprehensive platform to improve customer experience management. This platform delivers insights on both historical and real-time customer interactions, allowing organizations to engage with customers more effectively and drive customer loyalty. Headquartered in Ghent, Belgium, NGDATA also has offices in Singapore, Paris, New York City, and San Francisco.

Luzmo

Seed Round in 2017
Luzmo operates as a cloud analytics platform that focuses on providing business experts and SaaS companies with tools for data visualization. Based in Belgium, the platform enables users to integrate intuitive and powerful analytics into their daily operations, enhancing their ability to interpret and leverage data effectively. Luzmo's offerings are designed to simplify complex data processes, making it easier for organizations to derive insights and make informed decisions.

MariaDB

Series C in 2017
MariaDB Corporation Ab develops and delivers an open source relational database designed for database administrators and application developers. The company offers MariaDB Enterprise, an enterprise-grade database solution that includes features such as backup and recovery, support, and monitoring. This subscription-based service supports organizations using MariaDB and MySQL in production environments. In addition to its core offerings, MariaDB provides a variety of services including architecture planning, database migration, performance tuning, and training. The company has a significant presence in the cloud, operating in major public clouds and Linux distributions, and serves a diverse range of clients, including many Fortune 500 companies. Founded in 2010 and headquartered in Espoo, Finland, with additional offices in California, MariaDB is supported by the MariaDB Foundation, which promotes continuity and collaboration in the MariaDB ecosystem.

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 is a company that specializes in consumer intelligence management solutions, focusing on data-driven sectors such as retail, finance, media, and telecommunications. The company has developed Lily, a big data management system that extracts real-time business insights and enhances data utility. By combining big data management with machine learning technologies, NGDATA provides enterprises with a comprehensive platform to improve customer experience management. This platform delivers insights on both historical and real-time customer interactions, allowing organizations to engage with customers more effectively and drive customer loyalty. Headquartered in Ghent, Belgium, NGDATA also has offices in Singapore, Paris, New York City, and San Francisco.

MariaDB

Series B in 2016
MariaDB Corporation Ab develops and delivers an open source relational database designed for database administrators and application developers. The company offers MariaDB Enterprise, an enterprise-grade database solution that includes features such as backup and recovery, support, and monitoring. This subscription-based service supports organizations using MariaDB and MySQL in production environments. In addition to its core offerings, MariaDB provides a variety of services including architecture planning, database migration, performance tuning, and training. The company has a significant presence in the cloud, operating in major public clouds and Linux distributions, and serves a diverse range of clients, including many Fortune 500 companies. Founded in 2010 and headquartered in Espoo, Finland, with additional offices in California, MariaDB is supported by the MariaDB Foundation, which promotes continuity and collaboration in the MariaDB ecosystem.

Silverfin

Seed Round in 2016
Silverfin operates a connected accounting platform designed to enhance the efficiency and accuracy of financial services. Founded in 2013 and headquartered in Ghent, Belgium, with an additional office in London, the platform integrates data from various accounting, CRM, and CMS software, allowing users to access customized reporting tools and documentation. It offers features such as real-time updates, drag-and-drop functionality, and collaborative commenting, facilitating smooth workflows and communication among stakeholders. By centralizing financial data in a secure cloud-based Structured Data Hub, Silverfin standardizes and automates accounting processes, significantly reducing the time required for compliance tasks. The platform serves finance departments and accountancy firms of all sizes, both in Belgium and internationally, ultimately aiming to improve the competitiveness and profitability of its users' services.

UnifiedPost SA

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

TrendMiner

Series B in 2015
TrendMiner, a subsidiary of Software AG, specializes in data search and mining software solutions tailored for the process industry. Founded in 2013 and headquartered in Hasselt, Belgium, with additional offices in Houston and Köln, the company provides a self-service data analytics platform optimized for sectors such as chemical, petrochemical, oil and gas, pharmaceuticals, and metals and mining. Its software solutions, including TMsearch, TMcapture, and TMmonitor, empower process specialists to identify trends, create shift logbooks, and monitor process performance against preferred states. The platform utilizes a high-performance analytics engine for time-series data, enabling users to perform root cause analysis and configure early warning systems without needing data scientists. TrendMiner's solutions are designed for easy deployment, offering immediate value without significant infrastructure investments, and include standard integrations with various data historians.

NGDATA

Series B in 2015
NGDATA is a company that specializes in consumer intelligence management solutions, focusing on data-driven sectors such as retail, finance, media, and telecommunications. The company has developed Lily, a big data management system that extracts real-time business insights and enhances data utility. By combining big data management with machine learning technologies, NGDATA provides enterprises with a comprehensive platform to improve customer experience management. This platform delivers insights on both historical and real-time customer interactions, allowing organizations to engage with customers more effectively and drive customer loyalty. Headquartered in Ghent, Belgium, NGDATA also has offices in Singapore, Paris, New York City, and San Francisco.

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 SA

Venture Round in 2015
UnifiedPost Group is a Belgium-based provider of cloud-based platforms for administrative and financial services, established in 2001 and headquartered in La Hulpe. The company facilitates connections among customers, suppliers, and other stakeholders throughout the financial value chain, offering a range of solutions that include document management, identity verification, payment processing, and financial services. UnifiedPost caters to a diverse clientele, including corporate and government entities, small and medium-sized enterprises, as well as sectors such as agriculture, accounting, interim management, and construction. With a presence in Belgium, the Netherlands, Luxembourg, and Romania, the company has expanded its offerings to encompass document exchange, financial supply chain management, credit management, mandate management, and e-identity services. UnifiedPost manages over 200 million documents annually and employs more than 180 people, demonstrating significant growth in its operations.

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.

Divitel

Funding Round in 2014
Divitel B.V. is a multimedia company based in Apeldoorn, the Netherlands, specializing in digital video and telecommunications solutions for the professional broadcast market. Established in 1996, it designs, integrates, and builds media applications for various sectors, including content providers, cable operators, telecom companies, and enterprise clients such as hotels and government institutions. Divitel offers a comprehensive range of services, including consultancy, feasibility studies, system architecture, integration testing, maintenance, and training. The company is also involved in cloud-based managed technology services, ensuring continuous monitoring and support for video ecosystems. With additional offices in Germany, Portugal, and Curaçao, Divitel serves both the media industry and nonprofit sectors, providing tailored solutions to meet diverse client needs.

NGDATA

Funding Round in 2014
NGDATA is a company that specializes in consumer intelligence management solutions, focusing on data-driven sectors such as retail, finance, media, and telecommunications. The company has developed Lily, a big data management system that extracts real-time business insights and enhances data utility. By combining big data management with machine learning technologies, NGDATA provides enterprises with a comprehensive platform to improve customer experience management. This platform delivers insights on both historical and real-time customer interactions, allowing organizations to engage with customers more effectively and drive customer loyalty. Headquartered in Ghent, Belgium, NGDATA also has offices in Singapore, Paris, New York City, and San Francisco.
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