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1. TRACXN MONTHLY REPORT
FEBRUARY 2022
BELGIUM TECH

2. Belgium Tech - February 2022 Copyright © 2022, Tracxn Technologies 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
New Analyst Picks 8
Recent News 9

3. Belgium Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Belgium Tech Snapshot – February 2022
Belgium Tech: Snapshot – February 2022
Note : "Investors" refers to "Institutional Investors" only
3
$49.5M
1
Overall Geo Stats
3
10
5
3
Funding Rounds $ Invested Analyst Picks
Aerospacelab
Upgraded to
SOONICORN
New Investors
BNP Paribas
Sofinex
Series A+ rounds Active Investors IPOs Acquisitions
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Mont-saint-guibert
(1 Rounds, $45.4M)
Ghent
(1 Rounds, $2.3M)
Liege
(1 Rounds, $1.8M)
$45.4M - Series B
Aerospacelab (2016, Mont-saint-guibert,
$68.0M)
$2.3M - Seed
Henchman (2020, Ghent, $3.5M)
$1.8M - Seed
Osimis (2015, Liege, $4.6M)
Noshaq
(2 Investments)
SRIW
(1 Investments)
W.IN.G
(1 Investments)
Trasis
(1 Investments)
NewSpace
Aerospacelab
Geographic Information Systems
Healthcare IT
Osimis
Market Size
Companies Covered 4,315
Funded Companies 1,189
Total Funding $7.2B
Funding in last 12 months $2.7B
Top Exits
IPOs 29
Acquisitions 221
Company Stage
Unicorns 4
Soonicorns 16
Minicorns 95
Editor Picks 434
Series A+ 253
Series C+ 52
Acqui-Hires 1
Deadpooled 245
Top Cities
Brussels (162 Rounds, $1.6B)
Ghent (83 Rounds, $751M)
Top Investors
PMV (55 Investments)
SRIW (36 Investments)

4. Belgium Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Belgium Tech as of February 2022
Belgium Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2022)*
Aerospacelab
(2016, Mont-saint-guibert, $68.0M)
$45.4M - Series B Airbus Ventures
Henchman
(2020, Ghent, $3.5M)
$2.3M - Seed Pitchdrive
Osimis
(2015, Liege, $4.6M)
$1.8M - Seed W.IN.G
*Shows only the lead Investors

5. Belgium Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Belgium Tech in February 2022
Belgium Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$45.4M - Series B
Aerospacelab (2016, Mont-saint-guibert, $68.0M)
Provider of imaging services through a constellation of
small satellites
Airbus Ventures, XAnge, Noshaq, BNP Paribas, SRIW,
and 1 more
SEED STAGE
$1.8M - Seed
Osimis (2015, Liege, $4.6M)
Provider of medical image management software
W.IN.G, Trasis, Sofinex, Noshaq, Marc Nolet, and 1
more
SEED STAGE
$2.3M - Seed
Henchman (2020, Ghent, $3.5M)
Provider of an NLP and cloud-based contract drafting
platform for legal firms
Pitchdrive

6. Belgium Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Belgium Tech in February 2022
Belgium Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
BNP Paribas
118 portfolio companies | Commercial bank and fund of funds focused on
multiple sectors
Aerospacelab
Provider of imaging services through a constellation of small satellites
$45.36M Series B
Sofinex
1 portfolio companies | Sofinex - Votre partenaire à l'exportation
Osimis
Provider of medical image management software
$1.83M Seed
Trasis
1 portfolio companies | Radiopharma instruments | Trasis
Osimis
Provider of medical image management software
$1.83M Seed

7. Belgium Tech - February 2022 Copyright © 2022, Tracxn Technologies 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 -- Electric Four Wheeler Li-Ion Battery $1.2B 1 Automotive Ce.. | $1.2B | Series D
2 ▲15 Online Ordering Solutions $273M 2 Deliverect | $208M | Series D
3 <> 0 Data Cataloging $250M 1 Collibra | $250M | Series G
4 <> 0 Data Catalog Platform and Metadata Management $250M 1 Collibra | $250M | Series G
5 <> 0 Data Governance Platforms $250M 1 Collibra | $250M | Series G
6 <> 0 Metadata Management $250M 1 Collibra | $250M | Series G
7 -- Business Management Software $215M 1 Odoo | $215M | Series D
8 -- Adult Stem Cell Based Therapeutics $45.8M 2 Promethera | $23.8M | Series E
9 ▼-2 Life Sciences Research Services $45.8M 2 Promethera | $23.8M | Series E
10 -- Satellite Based Imaging Services $45.4M 1 Aerospacelab | $45.4M | Series B

8. Belgium Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Belgium Tech in February 2022
Belgium Tech: Analyst Picks
8
Upgraded to SOONICORN
Aerospacelab (2016, Mont-saint-guibert, $45.4M,
Series B)
Provider of imaging services through a constellation of
small satellites
Airbus Ventures, XAnge, SRIW and 5 other Investors
Added to Editor's Pick
Ionnyk (2020, La Hulpe, $1.1M, Series A)
Online platform offering digital art frames
W.IN.G,Noshaq,Invest.BWand
Added to Editor's Pick
AiVidens (2018, Rixensart, $1.7M, Seed)
AI-based credit risk management solution
Faraday, Finnance.brussels, The Faktory and 2 other
Investors
Added to Editor's Pick
Novable (2019, Brussels, $208K, Seed)
AI-powered startup scouting technology to find
relevant startups
Added to Editor's Pick
Venly (2018, Willebroek, Unfunded)
Blockchain-based platform for NFT product
development
BLOCKROCKETand

9. Belgium Tech - February 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Belgium Tech in February 2022
Belgium Tech:News
9
Exit News
.
● Audinate to Acquire Silex Insight's Video Business avnetwork.com
.
● Colruyt Group Acquires Stake In Smartmat NV esmmagazine.com
.
Company News
.
● Itsme enters Dutch market for digital ID services Telecompaper

10. Belgium Tech - February 2022 Copyright © 2022, Tracxn Technologies 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 Automotive Cells Company
Competitors of Collibra
Cap Tables of Deliverect
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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