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1. TRACXN MONTHLY REPORT
FEBRUARY 2021
BELGIUM TECH

2. Belgium Tech - February 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
IPOs 9
Acquisitions 10
Recent News 11

3. Belgium Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Belgium Tech Snapshot – February 2021
Belgium Tech: Snapshot – February 2021
Note : "Investors" refers to "Institutional Investors" only
3
$52.4M
4 1
Overall Geo Stats
4
3
16
4
6
Funding Rounds $ Invested Analyst Picks
Imcyse Upgraded
to SOONICORN
New Investors
dcf1.vc
Hiro Capital
Series A+ rounds Active Investors IPOs
Choice
Acquisitions
WooRank#@
SmileyGamer#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Brussels
(1 Rounds, $13.9M)
Hasselt
(1 Rounds, $10.9M)
Dendermonde
(1 Rounds, $1.2M)
Ghent
(1 Rounds, $544K)
$25.8M - Series B
Imcyse (2010, Liege, $57.3M)
$13.9M - Series A
Soda (2014, Brussels, $13.9M)
$10.9M - Series B
FibriCheck (2016, Hasselt, $12.6M)
$1.2M - Seed
3D Aim Trainer (2019, Dendermonde,
$1.2M)
PMV
(1 Investments)
Life Sciences Partners
(1 Investments)
LRM
(1 Investments)
Pfizer
(1 Investments)
Oncology
Imcyse
Diabetes
Immunotherapy
Immunology
Market Size
Companies Covered 3,423
Funded Companies 1,084
Total Funding $4.6B
Funding in last 12 months $897M
Top Exits
IPOs 32
Acquisitions 205
Company Stage
Unicorns 1
Soonicorns 15
Minicorns 82
Editor Picks 346
Series A+ 245
Series C+ 58
Acqui-Hires 1
Deadpooled 227
Top Cities
Brussels (150 Rounds, $1.1B)
Ghent (77 Rounds, $387M)
Top Investors
PMV (52 Investments)
SRIW (39 Investments)

4. Belgium Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Belgium Tech as of February 2021
Belgium Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (February 2021)*
Imcyse
(2010, Liege, $57.3M)
$25.8M - Series B Epimede
Soda
(2014, Brussels, $13.9M)
$13.9M - Series A Hummingbird Ventures
FibriCheck
(2016, Hasselt, $12.6M)
$10.9M - Series B LRM
3D Aim Trainer
(2019, Dendermonde, $1.2M)
$1.2M - Seed Freshmen Fund
journy.io
(2019, Ghent, $544K)
$544K - Seed Peak Capital
*Shows only the lead Investors

5. Belgium Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Belgium Tech in February 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
$10.9M - Series B
FibriCheck (2016, Hasselt, $12.6M)
Medical app to detect arrhythmias
LRM
EARLY STAGE
$13.9M - Series A
Soda (2014, Brussels, $13.9M)
Data monitoring and administration solutions provider
Singular, Hummingbird Ventures, Point Nine,
EARLY STAGE
$25.8M - Series B
Imcyse (2010, Liege, $57.3M)
Developer of portfolio of pharmaceuticals against
multiple diseases
Pfizer, Noshaq, SFPI, Life Sciences Partners, SRIW, and
2 more
EARLY STAGE
Series A
Happy Volcano (2017, Leuven)
Video game developer focusing on casual games
Hiro Capital
SEED STAGE
$544.3K - Seed
journy.io (2019, Ghent, $544.3K)
Customer intelligence and lead conversion platform
Peak Capital, PMV, Willem Delbare
SEED STAGE
$1.2M - Seed
3D Aim Trainer (2019, Dendermonde, $1.2M)
Aim trainer plugin for FPS games
Freshmen Fund, Ron Doornink, Jean-Bernard Moens

6. Belgium Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Belgium Tech in February 2021
Belgium Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
dcf1.vc
3 portfolio companies | DCF
Soda
Data monitoring and administration solutions provider
$13.91M Series A
Hiro Capital
9 portfolio companies | Venture capital firm investing in digital sports & games
sectors
Happy Volcano
Video game developer focusing on casual games
Undisclosed Series A
Singular
4 portfolio companies | Limited information available
Soda
Data monitoring and administration solutions provider
$13.91M Series A
Point Nine
23 portfolio companies | Venture capital funds focused on marketplace & SaaS-
based copanies
Soda
Data monitoring and administration solutions provider
$13.91M Series A

7. Belgium Tech - February 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 -- RPA in Finance & Accounting $53.6M 1 UnifiedPost | $53.6M | Series D
7 -- Non-Invasive Continuous Glucose Monitoring Devices $44.3M 1 Indigo | $44.3M | Series B
8 --
Disease Self Management > Diabetes > Monitoring >
Glucose > Device > Wearable
$44.3M 1 Indigo | $44.3M | Series B
9 --
Immunotherapy > Vaccine > Therapeutic > Cell Based >
Dendritic Cell
$38.2M 1 eTheRNA | $38.2M | Series B
10 --
Finance & Accounting Tech > Tools for Finance
Professionals > Accountants
$30.0M 1 Silverfin | $30.0M | Series B

8. Belgium Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Belgium Tech in February 2021
Belgium Tech: Analyst Picks
8
Upgraded to SOONICORN
Imcyse (2010, Liege, $31.4M, Series B)
Developer of portfolio of pharmaceuticals against
multiple diseases
Belfius, Pfizer, Noshaq and 5 other Investors
Upgraded to MINICORN
Soda (2014, Brussels, $13.9M, Series A)
Data monitoring and administration solutions provider
Point Nine, , Singular and 1 other Investors
Added to Editor's Pick
FibriCheck (2016, Hasselt, $1.6M, Series A)
Medical app to detect arrhythmias
JLABS, Corda Campusa, LRM and 6 other Investors
Added to Editor's Pick
Kadanza (1987, Antwerp, Unfunded)
Cloud-based digital asset management platform

9. Belgium Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
26 Feb 2021
Choice (2000, Lubbeek, )
App-based TV guide platform
EBR:MLTV
IPOs
List of IPOs in Belgium Tech in February 2021
Belgium Tech: IPOs
9

10. Belgium Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Belgium Tech in February 2021
Belgium Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
03 Feb 2021
WooRank(2010, Brussels)
Website review tool for SEO campaigns
bridgelinesw.com
04 Feb 2021
SmileyGamer(2015, Lubbeek)
Developer and publisher of casual mobile games
Phoenix Games
15 Feb 2021
Sentiance(2012, Antwerp, $26.7M)
Contextual AI solution for behavioral insights
MESH

11. Belgium Tech - February 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Belgium Tech in February 2021
Belgium Tech:News
11
Exit News
.
● Phoenix Games acquires match-three mobile studio SmileyGamer Pocket Gamer
.
● Belgian data intelligence firm Collibra acquires OwlDQ Silicon Republic
.
● Vicinity Affordable Housing Fund’s Acquisition of Urbani Global Legal Chronicle
.
People News
.
● Melexis announces changes to Board of Directors and Management
GlobeNewswire
.
Company News
.
● Nyxoah receives FDA clearance for compatibility with 1.5T and 3T whole body
MRI scanners of its Genio® system ... GlobeNewswire

12. Belgium Tech - February 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
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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