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Syndicate One is a Belgian startup investment company that has raised a €6.5 million fund to support Belgian startups and startups. Although the amount is small, the meaning is that it is the first Belgian fund to have the support of the four federal regions of the country. This, in a country known for its regional divisions, and from time to time without a real government.
More than 100 entrepreneurs and startups supported the fund that was launched in 2022 and invested in its initial investments such as Techwolf, Aikido Security, Sirona Technologies, Donna, Cosmic Aerospace, Vendorvue, SAPI, Powernaut, Kennek, and others.
The founders of the fund come from companies such as Collibra, Deliverect, Datacamp, Showpad, Qover, Cowboy and Go Vocal.
The four public funds supporting the fund are PMV (Flanders), SFPIM (federal), Finance&invest.brussels (Brussels) and Wallonie Entreprendre (Wallonia).
Belgium, despite being a small country, is starting to punch above its weight in European startups.
According to State of Belgian Tech Report 2024 (compiled by Dealroom), in H1 2024, the total amount invested in the eight Belgian technology factories was close to €a
In the period from 2018 to H1 2024, early stage funding accounted for approximately 77% of the funds raised by Belgian technology startups, compared to only 42% in Europe during the same period. The difference has been consistent over the past five years, according to Dealroom.
AI companies accounted for more than 70% of investment in the first half of 2024, while the participation of foreign investment has been around 66% since 2020.
Laurens De Poorter, founder of Syndicate One, said in a statement: “By connecting investors, workers, and startups, we’ve created a platform that not only provides funding for startups but also provides the guidance and network they need to succeed.
Participants in the event include TechWolf co-founder Andreas De Neve, Aikido Security co-founders Felix Garriau, Roeland Delrue, and Willem Delbare, Botanix Labs founder and CEO Willem Schroe, Holly co-founder Boris Gordts, and Vendorvue co-founder Michiel. Bearle.
