Syndicate One, a prominent Brussels-based angel investment group, announced on Wednesday that it has completed the first €4.8 million close of its debut fund.
With a second funding round scheduled for 2024, this initial investment will enable Syndicate One to immediately invest in ambitious early-stage startups in Belgium.
More than 70 investors supported this round, including entrepreneurs, families, and institutional investors. He also has nine additional team members in Syndicate One, with more expected in 2024.
Sofina, Belgium’s largest holding company with €9 billion in assets under management, will be the lead investor in the new fund.
“In line with our goal to create sustainable economic value by supporting innovative businesses, we are pleased to partner with Syndicate One. Bringing Belgium’s best technology talent into one startup ecosystem By coming together, we can scale up Belgian innovation to new heights,” said Giulia Van Waeyenberge from Sofina.
Institutional investors such as SFPIM, Wallonie Entreprendre and Finance Brussels joined the team.
A number of Belgian families and family offices also contributed to this first deal, including Balcaen, Vlerick, Berghmans, De Clerck, Hannecart, Vindevogel, Lysen, Van Thillo and Rolin.
Entrepreneurs investing in this first deal include Jeroen de Wit (Team Leader), Stephane Kurgan (Index Ventures, ex-King), Stijn Christiaens (Collibra), Pieterjan Bouten (Showpad), Martijn Theeuwissen (Datacamp), Includes Sébastien Deletaille (Rosa), Olivier. Verdin (AppTweak),
Quentin Nickmans (Hexa), Matthias Geeroms (OTA Insights), Cedric De Vleeschauwer (Alan), Michel Akkermans (ex-Clear2Pay), Guillaume van Rijckevorsel (Soil Capital, ex-Darts-ip), Alexandre Cardon (Dogchef, ex-Qustomer), Sam – Heymans (Lizzie), Bart Bex (Euractic), Tim Dierksens (Venry).
Since its founding in early 2022, Syndicate One has invested in promising early-stage technology startups in Belgium.
Startups that have received investments include Techwolf, Aikido, SAPI, Kennek, Sirona Technologies, and more.
Additionally, Syndicate One has connected these startup founders with successful Belgian entrepreneurs and executives who have previously scaled businesses such as Collibra, Showpad, Qover, and Cowboy.
Syndicate 1: Focus on early-stage investments
Syndicate One is an angel investment group that makes early-stage investments in high-potential technology startups based in or founded in Belgium.
The company pools its founders’ expertise, networks and seed capital to help early Belgian startups reach the next level.
Additionally, Syndicate One has launched targeted initiatives to strengthen Belgium’s technology ecosystem, including the first standardized convertible bond agreement suitable for the Belgian market.
In its first two years, Syndicate One invested in Kennek, Techwolf, Aikido, SAPI, Sirona Technologies, Job Protocol, and other private companies.
Laurens De Poorter, founder of Syndicate One, said: “Belgium has everything it needs for a thriving technology ecosystem, but we need to work together to make it happen. This new fund will build on the combination of Belgium’s successful technology entrepreneurs. We are adding new stakeholders to the platform we have built.”
Poorter continued: “Thanks to the involvement of these institutional investors, government funds and family offices, we are able to make increasingly large investments in Belgian high-tech start-ups, driving the growth of our portfolio companies. Expand your network with more experts who can help you,
Bringing about systemic change with all relevant stakeholders. ”
In addition to the initial deadline, new members have joined Syndicate One.
- Lawrence de Beitel (N26)
- Pierrine Carlier (formerly Proxyclic, Javry)
- Sybil Grindle (former manager)
- Martin Schmitz (DataCamp)
- Dieter Wachters (formerly Collibra, Raito)
- Pauline Brunel (blackfin sea bass)
- Nicholas Verike (Bitcraft)
- Cedric Kopps (Media House Ventures)
- Tiny de Waere (Derivalect)