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1. TRACXN MONTHLY REPORT
JANUARY 2021
BELGIUM TECH

2. Belgium Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Belgium Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
Acquisitions 8
Recent News 9

3. Belgium Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Belgium Tech Snapshot – January 2021
Belgium Tech: Snapshot – January 2021
Note : "Investors" refers to "Institutional Investors" only
3
$27.5M
2
Overall Geo Stats
1
2
9
1
5
Funding Rounds $ Invested Analyst Picks
b.fine!@#
New Investors
1
Series A+ rounds Active Investors IPOs Acquisitions
Inimco#@
Numeca#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Brussels
(2 Rounds, $1.2M)
Leuven
(1 Rounds, $14.6M)
Gosselies
(1 Rounds, $9.7M)
Antwerp
(1 Rounds, $2.0M)
$14.6M - Series B
reMYND (2002, Leuven, $29.1M)
$9.7M - Series D
Endo Tools Therapeutics (2008,
Gosselies, $18.7M)
$2.0M - Seed
Stellar Labs (2019, Antwerp, $2.0M)
$1.2M - Seed
b.fine (2017, Brussels, $1.2M)
SFPI
(2 Investments)
PMV
(2 Investments)
Korys
(1 Investments)
(1 Investments)
Biotech R&D
reMYND
Gastroenterology
Endo Tools Therapeutics
Corporate Learning
Stellar Labs
RegTech
b.fine
Market Size
Companies Covered 3,363
Funded Companies 1,076
Total Funding $4.6B
Funding in last 12 months $880M
Top Exits
IPOs 31
Acquisitions 202
Company Stage
Unicorns 1
Soonicorns 14
Minicorns 88
Editor Picks 347
Series A+ 244
Series C+ 58
Acqui-Hires 1
Deadpooled 224
Top Cities
Brussels (151 Rounds, $1.1B)
Ghent (77 Rounds, $387M)
Top Investors
PMV (52 Investments)
SRIW (39 Investments)

4. Belgium Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Belgium Tech as of January 2021
Belgium Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (January 2021)*
reMYND
(2002, Leuven, $29.1M)
$14.6M - Series B Korys
Endo Tools Therapeutics
(2008, Gosselies, $18.7M)
$9.7M - Series D White Fund
Stellar Labs
(2019, Antwerp, $2.0M)
$2.0M - Seed PMV
b.fine
(2017, Brussels, $1.2M)
$1.2M - Seed Pamica
*Shows only the lead Investors

5. Belgium Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Belgium Tech in January 2021
Belgium Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$9.7M - Series D
Endo Tools Therapeutics (2008, Gosselies,
$18.7M)
Developer of an endoscopic catheter for
gastroenterologists
White Fund, Epimede, SFPI
EARLY STAGE
$14.6M - Series B
reMYND (2002, Leuven, $29.1M)
Developer of a drug pipeline programs for
neurodegenerative diseases
SFPI, , PMV, KU Leuven, Korys
SEED STAGE
$1.2M - Seed
b.fine (2017, Brussels, $1.2M)
Regulatory reporting solutions
Pamica
SEED STAGE
$2.0M - Seed
Stellar Labs (2019, Antwerp, $2.0M)
Provider of science-based learning program
PMV, VLAIO
SEED STAGE
Seed
Datavillage (2018, Brussels)
Digital twin solution for controlling personal data

6. Belgium Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Belgium Tech in January 2021
Belgium Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
White Fund
1 portfolio companies | Early-stage venture capital fund focused on medical
device startups
Endo Tools Therapeutics
Developer of an endoscopic catheter for gastroenterologists
$9.66M Series D

7. Belgium Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 --
Small Molecules Targeting Immunosuppressive Pathway
Inhibitors
$125M 1 iTeos Therape.. | $125M | Series B
2 -- Data Governance $113M 3 Collibra | $113M | Series F
3 -- Data Cataloging and Metadata Management $113M 2 Collibra | $113M | Series F
4 -- Data Catalog Platforms $113M 2 Collibra | $113M | Series F
5 -- Data Governance Platforms $113M 2 Collibra | $113M | Series F
6 --
Biotech R&D > Research Applications > Industrial
Biotechnology > Manufacturing
$85.2M 2 Univercells | $85.2M | Series C
7 -- Biopharma Outsourcing > CDMO > Biologics $85.2M 2 Univercells | $85.2M | Series C
8 -- RPA in Finance & Accounting $53.6M 1 UnifiedPost | $53.6M | Series D
9 -- Non-Invasive Continuous Glucose Monitoring Devices $44.3M 1 Indigo | $44.3M | Series B
10 --
Disease Self Management > Diabetes > Monitoring >
Glucose > Device > Wearable
$44.3M 1 Indigo | $44.3M | Series B

8. Belgium Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Belgium Tech in January 2021
Belgium Tech: Acquisitions
8
Acq. Date Company Acquirer Deal Size
05 Jan 2021
Inimco(2016, Temse)
Provider of IoT based solutions for the industry
pa-ats.com
20 Jan 2021
Numeca(1993, Watermael-boitsfort)
Develops software for numerical analysis in fluid dynamic field
Cadence

9. Belgium Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Belgium Tech in January 2021
Belgium Tech:News
9
Exit News
.
● Cadence buys Belgian CFD specialist European Business Press
.
● Caprion-HistoGeneX Acquires Clinical Logistics Inc., a Virtual Central Specimen
Management CRO, and Expands it... CNW
.
People News
.
● Oxurion NV appoints Prof Alan Stitt as Chief Scientific Officer GlobeNewswire
.
● Stijn Christiaens of Collibra steps into Cumul.io’s Board of Directors Cumul.io

10. Belgium Tech - January 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Belgium Tech on Tracxn Platform
Belgium Tech: Explore more on Tracxn Platform
10
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Belgium
AI Companies in Belgium
Fintech Companies Belgium
Consumer Digital in Belgium
Company Due Diligence
Detailed profile of Collibra
Competitors of
Cap Tables of
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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