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Belgium

Europe · Pop. 11.9M · #20 startup ecosystem by EV

A public taster of the full Belgium ecosystem on Dealroom — request a demo for live deal flow, founder pedigrees, AI-talent maps, and the full cap table for every company below.

1 Overview

1,239 Pool of Funded Startups
488 Annual Startups FoundedAll new ventures
169 Annual Startups FundedReceived investment
get funded 35%
381 Pre-Seed Startups$100K–1M
408 Seed Startups$1–4M
Pre-Seed to Seed 21%
264 Series A Startups$4–15M
Seed to Series A 25%
112 Series B Breakouts$15–40M
A to Series B 27%
48 Series C Breakouts$40–100M
B to Series C 32%
20 Mega Scaleups$100–250M
reach Mega 1.6%
6 Mega+ Scaleups$250M+
reach Mega+ 0.48%
11 Unicorns($1–10B valuation)
reach Unicorn 0.89%
1 Decacorns($10–100B valuation)
reach Decacorn 0.081%
Pre-Seed
381
Seed
408
Series A
264
Series B
112
Series C
48
Unicorn
11
Decacorn
1

* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.

2 Largest rounds

Largest funding rounds in Belgium

A live treemap of $15M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Belgium, grouped by Dealroom sector.

Largest rounds in Belgium - 2024–2026

Every $15M+ VC round into Belgium-headquartered companies in 2024–2026, grouped by Dealroom sector.
- rounds · - raised
Live from Dealroom API Open full VC dashboard

3 Startup hubs

Inside Belgium: 5 startup hubs, 179 universities

Hubs are sized by combined enterprise value; universities and research institutes by the startup founders they produced. Hover any point for its numbers; the lists rank hubs by EV and universities by founders.

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By enterprise value · 5-yr growth
1 Ghent $65.8B 13× 5-yr
2 Brussels $13.5B 7.3× 5-yr
3 Antwerp $5.9B 1.4× 5-yr
4 Leuven $3.8B 8.6× 5-yr
5 Liège $1.7B 4.4× 5-yr
Universities · founders produced · 179 tracked

4 VC investment

How much venture capital flows into Belgium

VC investment into Belgium-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

5 Founder origins

Where Belgium's unicorn founders build

32 founders born in Belgium are behind 21 unicorns; 43% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in Europe, ranked by founders or per 1M inhabitants.

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6 Location comparison

Unicorns, decacorns and centicorns — Belgium in a global comparison

Companies count where they were founded or are headquartered. Values are per 1M people or totals, as a share of the US (US = 100%) or absolute; bars scale to the largest value in each column. Hover any value for the per-1M rate and absolute count.

7 Patent intelligence

Belgium startup IP portfolio: 6,012 patent families

Granted patent families assigned to startups headquartered in Belgium. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.

Granted patent families
6,012
Filed by tracked startups headquartered in the country.
506 patents per million residents · #20 globally
Top patenting hubs
1 Brussels-Capital Region 2,246
2 Leuven 1,953
3 Antwerp metropolitan area 1,285
4 Ghent 528

Get the full Belgium ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.