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Wallonia

State · Belgium · Pop. 3.7M

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

Enterprise value

How much Wallonia’s VC-backed companies are worth

Combined enterprise value of VC-backed companies headquartered in Wallonia, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.

VC investment

How much venture capital flows into Wallonia

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

Startup funnel

Wallonia's startup funnel

Companies headquartered in Wallonia at each stage today, by total VC raised. Hover a bar for the split.

222
Startups
$100K–15M raised

107 pre-seed · 70 seed · 45 Series A

44
Breakouts
$15–100M raised

28 Series B · 16 Series C

7
Scaleups
$100M+ raised

5 Mega · 2 Mega+

4
Unicorns and/or $100M+ revenue

2 valued at $1B+ · 4 with $100M+ revenue · 2 both

Source: Dealroom.co

Quarterly report

Wallonia's latest quarter in venture capital

VC raised by Wallonia-headquartered companies in the quarter shown, against the quarter before and the same quarter a year earlier.

Latest complete quarter

 

Loading VC raised by Wallonia-headquartered companies…

Largest rounds

Largest funding rounds in Wallonia

A live treemap of the largest VC rounds. Each cell is one round into Wallonia-headquartered companies, grouped by Dealroom sector.

Largest rounds in Wallonia - 2026

Every $15M+ VC round into Wallonia-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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Academia

Wallonia's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Wallonia.

University-linked startup formation
212
University spinouts
454
Total alumni-founded companies
338
Of which startups (<$15M raised)
99
Breakouts ($15M-100M)
17
Scaleups ($100M+)

Location comparison

How Wallonia stacks up

Compare Wallonia with peers from the same country (Belgium) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

$16.7B
Wallonia
$15.6B
$14.9B
$7.8B
$5.9B
$4.7B

Combined enterprise value of each ecosystem.

Get the full Wallonia ecosystem on Dealroom

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