HomeBelgiumSyndicate One Holds First Close Of Debut Fund, at €4.8M

Syndicate One Holds First Close Of Debut Fund, at €4.8M

Syndacate One

Syndicate One, a Brussels, Belgium-based angel investment firm focused on early-stage tech startups, closed its debut fund, at €4.8M.

Sofina, one of Belgium’s largest holding companies with €9 billion in assets under management, growth investor and partner in top tier VC funds worldwide, will be the anchor investor for this new fund. SFPIM, Wallonie Entreprendre, and Finance Brussels, among other institutional investors, joined, along with a significant number of Belgian families and family offices, including Balcaen, Vlerick, Berghmans, De Clerck, Hannecart, Vindevogel, Leysen, Van Thillo, and Rolin, have also contributed to this initial close. Entrepreneurs investing in this initial close also included Jeroen de Wit (Teamleader), Stephane Kurgan (Index Ventures, ex-King), Stijn Christiaens (Collibra), Pieterjan Bouten (Showpad), Martijn Theuwissen (Datacamp), 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, former Darts-ip), Alexandre Cardon (Dogchef, ex-Qustomer), Sam Heymans (Lizy), Bart Becks (Euractiv), Tim Dierckxsens (Venly). In parallel with this initial close, new members are joining including Laurens De Beyter (N26), Pierrine Carlier (ex-Proxyclick, Javry), Sibylle Greindl (ex-Accountable), Martin Schmitz (DataCamp), Dieter Wachters (ex-Collibra, Raito), Pauline Brunel (Blackfin), Nicolas Vereecke (BITKRAFT Ventures), Cedric Cops (Mediahuis Ventures), Tiny De Waele (Deliverect) and Andy Gijbels (Start it @KBC). A second close is planned for early 2024.

This first capital injection will enable Syndicate One to run for investments in Belgian early-stage ventures with smart seed capital to invest, operational knowledge to share, and an international network to connect with.

Since its launch in early 2022, Syndicate One has invested in early-stage tech startups such as Techwolf, Aikido, SAPI, Kennek, Sirona Technologies and others, and connected their founders with Belgian entrepreneurs and operators who have scaled businesses such as Collibra, Showpad, Qover and Cowboy before.

Commenting on the news, Laurens De Poorter, the founder of Syndicate One, said: “Belgium has everything it takes to be a flourishing tech ecosystem, but we need to work together to make that happen. This new fund adds new stakeholders to our platform built on the union of successful Belgian tech entrepreneurs. The commitment of these institutional investors, government funds, and family offices allow us to make more and larger investments in Belgian tech startups, extend our network with more professionals who can help our portfolio companies thrive, and push for systemic change with all the relevant stakeholders.”

VCWire

10/01/2024