Brussels-based venture capital firm Syndicate One has announced a significant funding milestone with the €22 million first close of its second early-stage tech fund, signaling a growing confidence in Belgium’s emerging startup ecosystem. This new capital follows the firm’s initial fund, which closed at €6.5 million in late 2024, and is set to support early-stage Belgian technology companies across various sectors.
Boosting the Belgian Tech Scene
The investment round reflects a broader trend of increased interest in Belgian startups, which have historically struggled to attract substantial venture capital compared to their Western European counterparts. Syndicate One’s new fund aims to bridge this gap by providing crucial early-stage funding to high-potential ventures. The firm's approach focuses on building a strong network of investors and mentors, creating an ecosystem that supports startups from ideation through to growth.
Strategic Focus and Future Outlook
While specific portfolio details have not yet been disclosed, Syndicate One’s strategy appears to center on deep-tech, fintech, and healthtech startups. These sectors are particularly aligned with Belgium’s strengths in research and innovation, offering a fertile ground for scalable ventures. The firm's ability to attract significant capital in a relatively niche market also underscores its credibility and strategic positioning in the European venture capital landscape.
With this latest funding, Syndicate One is not only expanding its capacity to back Belgian startups but also reinforcing the country’s growing reputation as a hub for innovation. As the fund begins deploying capital, investors and entrepreneurs alike will be watching closely to see how this new wave of support translates into impactful growth and potential exits.
