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1. TRACXN MONTHLY REPORT
AUGUST 2021
BELGIUM TECH

2. Belgium Tech - August 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
New Analyst Picks 8
Acquisitions 10
Recent News 11

3. Belgium Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Belgium Tech Snapshot – August 2021
Belgium Tech: Snapshot – August 2021
Note : "Investors" refers to "Institutional Investors" only
3
$16.6M
1
Overall Geo Stats
1
2
3
10
1
Funding Rounds $ Invested Analyst Picks
Spectricity
Upgraded to
MINICORN
New Investors
2
Series A+ rounds Active Investors IPOs Acquisitions
Phasya#@
ArchiSnapper#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Mechelen
(1 Rounds, $16.6M)
$16.6M - Series B
Spectricity (1999, Mechelen, $23.7M)
imec.xpand
(1 Investments)
Atlantic Bridge
(1 Investments)
Capricorn Fusion China
Fund
(1 Investments)
Photonics
Spectricity
Sensors
Market Size
Companies Covered 3,785
Funded Companies 1,111
Total Funding $5.3B
Funding in last 12 months $1.1B
Top Exits
IPOs 28
Acquisitions 197
Company Stage
Unicorns 2
Soonicorns 15
Minicorns 94
Editor Picks 403
Series A+ 245
Series C+ 49
Acqui-Hires 1
Deadpooled 228
Top Cities
Brussels (150 Rounds, $1.3B)
Ghent (79 Rounds, $535M)
Top Investors
PMV (50 Investments)
SRIW (38 Investments)

4. Belgium Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Belgium Tech as of August 2021
Belgium Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (August 2021)*
Spectricity
(1999, Mechelen, $23.7M)
$16.6M - Series B imec.xpand
*Shows only the lead Investors

5. Belgium Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Belgium Tech in August 2021
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
$16.6M - Series B
Spectricity (1999, Mechelen, $23.7M)
Provider of hyperspectral imaging solutions
Capricorn Fusion China Fund, Atlantic Bridge,
imec.xpand

6. Belgium Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Belgium Tech in August 2021
Belgium Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Atlantic Bridge
2 portfolio companies | Provider of education & training services for medical
industry
Spectricity
Provider of hyperspectral imaging solutions
$16.62M Series B

7. Belgium Tech - August 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 ▲5 Business Management Software $215M 1 Odoo | $215M | Series D
2 ▲25 Life Sciences Research Services $109M 2 Univercells | $85.2M | Series C
3 ▲20 Online Ordering Solutions $65.0M 1 Deliverect | $65.0M | Series C
4 -- Customer Identity Verification $29.3M 1 itsme | $29.3M | Series B
5 ▲9 Heart Attack Treatment Devices $28.7M 1 Miracor Medi.. | $28.7M | Series E
6 ▼-5 Drugs for Multiple Cancer Types $25.8M 1 Imcyse | $25.8M | Series B
7 -- Diabetes Drugs $25.8M 1 Imcyse | $25.8M | Series B
8 -- Neurological Disorder Drugs $23.8M 1 NeuVasQ Biot.. | $23.8M | Series A
9 ▲25 Hepatic Disorder Drugs $23.8M 1 Promethera | $23.8M | Series E
10 ▲25 Adult Stem Cell Based Therapeutics $23.8M 1 Promethera | $23.8M | Series E

8. Belgium Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Belgium Tech in August 2021
Belgium Tech: Analyst Picks
8
Upgraded to MINICORN
Spectricity (1999, Mechelen, $16.6M, Series B)
Provider of hyperspectral imaging solutions
Capricorn Partners, imec.xpand, Capricorn Fusion China
Fund and 1 other Investors
Added to Editor's Pick
Aion (, Brussels, Unfunded)
Digital bank for individuals
Warburg Pincusand
Added to Editor's Pick
Himoon (2020, Wavre, Unfunded)
Provider of a dating platform for the LGBT community
Added to Editor's Pick
SiteManager (2010, Afsnee, $1.1M, Seed)
Web design and development platform
The CoFoundryand
Added to Editor's Pick
Televic Rail (1946, Izegem, Unfunded)
Tech-enabled platform offering communication and
maintenance management solutions for train operators
Added to Editor's Pick
EMAX (2016, Dilbeek, Unfunded)
AI and blockchain-based platform offering peer-to-peer
renewable energy trading solutions
Added to Editor's Pick
OneBonsai (2015, Vilvoorde, Unfunded)
Provider of virtual reality training solutions
Added to Editor's Pick
Sculpman (2015, Gooik, Unfunded)
Manufacturer of cloud and fused deposition modelling
technology-based desktop 3D printers
Added to Editor's Pick
GeoPostcodes (2009, Wavre, Unfunded)
Cloud-based platform for postal zip code database

9. Belgium Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Belgium Tech in August 2021
Belgium Tech: Analyst Picks
9
Added to Editor's Pick
Neuroventis (2020, Overijse, Unfunded)
Digital patient engagement tool for neurological
disorders

10. Belgium Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Belgium Tech in August 2021
Belgium Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
05 Aug 2021
Phasya(2015, Liege, $1.1M)
Provider of eye tracking solutions for detecting cognitive and
physiological states
Tobii
06 Aug 2021
ArchiSnapper(2012, Brussels)
App for Field Reports, Site Visits and Punch Lists
Deltek

11. Belgium Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Belgium Tech in August 2021
Belgium Tech:News
11
Exit News
.
● Tobii acquires Phasya to enhance its offering in automotive and other verticals
PR Newswire
.
● Zoetis buys private animal health company Jurox poandpo.com
.
● Deltek snaps up AEC mobile SaaS firm Archisnapper Enterprise Times
.
People News
.
● Nyxoah appoints Rita Johnson-Mills to Board of Directors GlobeNewswire
.
● ReliaQuest Expands Product and Go-To-Market Teams with Executive
Appointments AiThority

12. Belgium Tech - August 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
12
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 Odoo
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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