Belgium
Europe · Pop. 11.9M · #20 startup ecosystem by EV
Largest rounds
Largest funding rounds in Belgium
A live treemap of $100M+ rounds from the Dealroom API. Each cell is one round into a Belgium-headquartered company, grouped by Dealroom sector.
Largest rounds in Belgium - 2026
Startup hubs
Inside Belgium: top 7 startup hubs
Sub-national ecosystems ranked by combined enterprise value, paired with their 5-year growth multiplier.
Startup funnel
Belgium's power-law funnel
From the first cheque written to a $10B+ outcome. Each arrow shows what fraction of companies at one stage graduate to the next, tracked by founding cohort.
* 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.
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. Live from the Dealroom Next Gen API.
Notable companies
Top private companies in Belgium
Up to 20 names per tier from Dealroom's tracked dataset. Decacorns are valued $10B+, unicorns $1B+, thoroughbreds have crossed $100M in revenue.
Academia
Belgium's academic flywheel
Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Belgium.
Location comparison
How Belgium stacks up
Compare Belgium with similarly sized ecosystems in Europe — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Europe ranked by combined EV. Belgium's row is highlighted (#8).
| # | Ecosystem | Combined EV | 5-yr EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | United Kingdom | $1.2T | 4.6× | 216 | $24.1B | 20.1K |
| 2 | France | $411B | 5.5× | 66 | $8.4B | 9,124 |
| 3 | Germany | $405B | 4.1× | 91 | $8.2B | 8,752 |
| 4 | Netherlands | $324B | 2.8× | 42 | $3.2B | 3,911 |
| 5 | Sweden | $286B | 5.5× | 57 | $3.5B | 3,237 |
| 6 | Switzerland | $213B | 3.5× | 48 | $4.3B | 3,024 |
| 7 | Denmark | $142B | 4.3× | 23 | $1.8B | 1,667 |
| 8 | Belgium | $108B | 7.2× | 12 | $902.6M | 1,893 |
| 9 | Ireland | $105B | 4.9× | 24 | $1.2B | 1,972 |
| 10 | Spain | $98.5B | 5.4× | 18 | $3.4B | 4,573 |
| 11 | Finland | $79.1B | 3.9× | 10 | $2.2B | 1,752 |
| 12 | Italy | $66B | 4.8× | 17 | $1.8B | 2,973 |
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.
Premium analytics
What we don't show on this page (yet)
Sector breakdowns, founder origins, AI-talent leaderboards and live deal flow are gated to logged-in Dealroom users. Book a demo to access the full Belgium dataset — or see a sample on the Dealroom app.
Get the full Belgium ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.