SmartFin

SmartFin Capital NV is a private equity and venture capital firm based in Mechelen, Belgium, with an additional office in London, United Kingdom. Founded in December 2014, the firm focuses on early-stage and growth investments in the smart technologies sector, particularly in financial technologies and related fields such as security, big data, analytics, artificial intelligence, and enterprise software. SmartFin seeks to invest between EUR 0.5 million and EUR 12 million in private growth companies throughout Europe, prioritizing those with significant potential for value creation in fast-growing market segments. The firm typically acquires minority stakes and provides follow-on investment options as needed. Its investment strategy is supported by multiple funds, including SmartFin Ventures, SmartFin Capital III, and SmartFin Ventures II, which target various sectors within technology and business services.

Bert Baeck

Partner

Thomas Depuydt

Managing Partner

Simon Dewaele

Associate

Harry Haeck

Partner

Jürgen Ingels

Founding Partner

Bart Luyten

Co-Founder & Managing Director

Toon de Neef

Investment Associate

Sebastien Thiel

Chief Financial Officer & Partner

Sebastien Thiel

Chief Financial Officer & Partner

35 past transactions

Luzmo

Series A in 2023
Cumul.io is a cloud analytics platform for business experts & SaaS companies to integrate intuitive yet powerful data visualization into their daily lives.

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

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 develops cloud-based Omnichannel applications for the retail industry. Its portfolio includes Akinon OMS, an order management system that functions as the control unit for various eCommerce operations; Akinon Instore App that allows to combine and access inventories from physical stores and warehouses; Omnitron, a solution that allows to access advanced catalogue and product management systems; Akinon Commerce, an eCommerce platform that offers conversion rates with a tailor-made storefront; and Akinon Native AppBuilder, a tool that allows to customize and sync new sales channel with the user’s devices. The company was founded in 2016 and is based in Istanbul, Turkey with additional offices in London, United Kingdom; Dubai, United Arab Emirates; and Athens, Greece.

Betty Blocks

Venture Round in 2021
Betty Blocks is a web-based platform that enables its users to develop web applications. The platform features multi-platform support, ready-made templates, sandboxing, support, and documentation. Furthermore, it provides its users with consultancy and training to use the system. Betty Blocks was launched in 2012 by Chris Obdam.

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
Cumul.io is a cloud analytics platform for business experts & SaaS companies to integrate intuitive yet powerful data visualization into their daily lives.

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.

Akinon

Venture Round in 2020
Akinon develops cloud-based Omnichannel applications for the retail industry. Its portfolio includes Akinon OMS, an order management system that functions as the control unit for various eCommerce operations; Akinon Instore App that allows to combine and access inventories from physical stores and warehouses; Omnitron, a solution that allows to access advanced catalogue and product management systems; Akinon Commerce, an eCommerce platform that offers conversion rates with a tailor-made storefront; and Akinon Native AppBuilder, a tool that allows to customize and sync new sales channel with the user’s devices. The company was founded in 2016 and is based in Istanbul, Turkey with additional offices in London, United Kingdom; Dubai, United Arab Emirates; and Athens, Greece.

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 develops data management systems. The company offers Lily, a big data management system that extracts business insights in real-time and benefits from enriched data in real-time. It serves retail and e-commerce; news, publishing, and media; finance, credit, and insurance; and telecom domains. The company is based in Ghent, Belgium with an additional office in Singapore; and Paris, France.

Luzmo

Seed Round in 2017
Cumul.io is a cloud analytics platform for business experts & SaaS companies to integrate intuitive yet powerful data visualization into their daily lives.

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 specialized in designing, developing, and manufacturing equipment and technologies for satellite communications. Tomorrow’s realizations are built on today’s innovation, on our drive to create new possibilities in satellite communications. For over 30 years, Newtec’s team of dedicated specialists set the standards: designing, developing and manufacturing the most efficient, most scalable and most economical technology in the industry. New challenges and new customer needs offer opportunities to explore new boundaries. This empowers us to work even harder, helping our customers to perform their best so that, together, we can make the world a safer, better informed and more connected place. Established in 1985, and headquartered in Belgium, Newtec has regional offices as well as additional R&D centers located in Stamford, Conn. (U.S.), Singapore (Singapore), Beijing (China), Dubai (UAE), São Paulo (Brazil), Berlin (Germany), and France.

NGDATA

Series B in 2017
NGDATA develops data management systems. The company offers Lily, a big data management system that extracts business insights in real-time and benefits from enriched data in real-time. It serves retail and e-commerce; news, publishing, and media; finance, credit, and insurance; and telecom domains. The company is based in Ghent, Belgium with an additional office in Singapore; and Paris, France.

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

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

TrendMiner

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

NGDATA

Series B in 2015
NGDATA develops data management systems. The company offers Lily, a big data management system that extracts business insights in real-time and benefits from enriched data in real-time. It serves retail and e-commerce; news, publishing, and media; finance, credit, and insurance; and telecom domains. The company is based in Ghent, Belgium with an additional office in Singapore; and Paris, France.

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

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.

NGDATA

Funding Round in 2014
NGDATA develops data management systems. The company offers Lily, a big data management system that extracts business insights in real-time and benefits from enriched data in real-time. It serves retail and e-commerce; news, publishing, and media; finance, credit, and insurance; and telecom domains. The company is based in Ghent, Belgium with an additional office in Singapore; and Paris, France.

Divitel

Funding Round in 2014
Divitel B.V. is a multimedia company based in Apeldoorn, the Netherlands, specializing in the design, integration, and construction of media applications for the global DVB and broadcast markets. Established in 1996, Divitel provides a comprehensive suite of services tailored to the digital video and telecommunications sectors, focusing on professional broadcast solutions. Its offerings include consultancy, feasibility studies, system architecture, integration testing, installation, maintenance, and project management, among others. Divitel serves a diverse clientele in the media industry, encompassing content providers, cable operators, and telecom companies, as well as enterprises such as hotels and business television services. Additionally, the company caters to government and nonprofit sectors, including care institutions and test laboratories. With a commitment to quality and innovation, Divitel has expanded its presence through offices in Germany, Portugal, and Curaçao.

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.