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1. TRACXN MONTHLY REPORT
MARCH 2022
BELGIUM TECH

2. Belgium Tech - March 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
Acquisitions 8
Recent News 9

3. Belgium Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Belgium Tech Snapshot – March 2022
Belgium Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$99.0M
2
Overall Geo Stats
2
4
13
9
3
Funding Rounds $ Invested Analyst Picks
Aerospacelab!@#
New Investors
Jeito
Connected Capital
Series A+ rounds Active Investors IPOs Acquisitions
Syndesi Therapeutics
Intix
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Brussels
(1 Rounds, $87.8M)
Aalst
(1 Rounds, $11.0M)
Genk
(1 Rounds, $300K)
$87.8M - Series B
Precirix (2014, Brussels, $130M)
$11.0M - Series C
CHILI publish (2010, Aalst, $21.2M)
$300K - Seed
Yield Monitor (2021, Genk, $300K)
PMV
(1 Investments)
Gimv
(1 Investments)
BioMedPartners
(1 Investments)
Forbion Capital Partners
(1 Investments)
Oncology
Precirix
MarketingTech
CHILI publish
Tech for Digital Publishers
Cryptocurrencies
Yield Monitor
Market Size
Companies Covered 4,412
Funded Companies 1,198
Total Funding $7.3B
Funding in last 12 months $2.7B
Top Exits
IPOs 30
Acquisitions 223
Company Stage
Unicorns 4
Soonicorns 16
Minicorns 95
Editor Picks 444
Series A+ 256
Series C+ 55
Acqui-Hires 1
Deadpooled 247
Top Cities
Brussels (162 Rounds, $1.7B)
Ghent (81 Rounds, $757M)
Top Investors
PMV (54 Investments)
SRIW (36 Investments)

4. Belgium Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Belgium Tech as of March 2022
Belgium Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
Precirix
(2014, Brussels, $130M)
$87.8M - Series B Inkef Capital
CHILI publish
(2010, Aalst, $21.2M)
$11.0M - Series C Connected Capital
Yield Monitor
(2021, Genk, $300K)
$300K - Seed
*Shows only the lead Investors

5. Belgium Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Belgium Tech in March 2022
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
$11.0M - Series C
CHILI publish (2010, Aalst, $21.2M)
Cloud-based online editing software solutions provider
Connected Capital, Group MC, PMV, Pamica, Geert Van
Engelen
EARLY STAGE
$87.8M - Series B
Precirix (2014, Brussels, $129.6M)
Developer of radiopharmaceuticals for treating cancer
Inkef Capital, Jeito, Forbion Capital Partners,
Healthcap, Gimv, and 4 more
SEED STAGE
$300.0K - Seed
Yield Monitor (2021, Genk, $300.0K)
Portfolio tracking platform for cryptocurrency

6. Belgium Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Belgium Tech in March 2022
Belgium Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Jeito
9 portfolio companies | Provider of financing ground-breaking medical
innovation and promoting positive societal impact services
Precirix
Developer of radiopharmaceuticals for treating cancer
$87.76M Series B
Connected Capital
13 portfolio companies | Venture capital firm focused on tech companies
CHILI publish
Cloud-based online editing software solutions provider
$10.97M Series C

7. Belgium Tech - March 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 ▲11 Online Ordering Solutions $273M 2 Deliverect | $208M | Series D
3 -- Data Cataloging $250M 1 Collibra | $250M | Series G
4 -- Data Catalog Platform and Metadata Management $250M 1 Collibra | $250M | Series G
5 -- Data Governance Platforms $250M 1 Collibra | $250M | Series G
6 -- Metadata Management $250M 1 Collibra | $250M | Series G
7 -- Business Management Software $215M 1 Odoo | $215M | Series D
8 ▼-6 Drugs for Multiple Cancer Types $87.8M 1 Precirix | $87.8M | Series B
9 -- Adult Stem Cell Based Therapeutics $45.8M 2 Promethera | $23.8M | Series E
10 ▼-9 Life Sciences Research Services $45.8M 2 Promethera | $23.8M | Series E

8. Belgium Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Belgium Tech in March 2022
Belgium Tech: Acquisitions
8
Acq. Date Company Acquirer Deal Size
01 Mar 2022
Syndesi Therapeutics(2018, Louvain-la-neuve, $21.1M)
Developer of small molecule for treating Alzheimer's disease
AbbVie $130.0M
01 Mar 2022
Intix(2011, Mechelen, $1.1M)
Software solution provider for managing data and compliance
Summa Equity
02 Mar 2022
Scaled Access(2009, Leuven, $3.4M)
Provider of cloud-based authorization platform
OneWelcome
29 Mar 2022
BioStrand(2019, Diepenbeek, $2.2M)
Online platform for genome sequence data analysis
ImmunoPrecise Antibodies $21.9M

9. Belgium Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Belgium Tech in March 2022
Belgium Tech:News
9
Exit News
.
● Abbvie pays up to €895m for Irish funded dementia drug group The Irish Times
.
● UCB Announces Extension of Tender Offer to Acquire Zogenix PharmTech
.
● IPA Announces Agreement to Acquire BioStrand BV – Revolutionizing
Biotherapeutics with Methodology to Encode O... Business Wire
.
● Summa Equity acquires majority stake in Belgium fintech startup Intix Silicon
Canals
.
● Hybrid Group acquires iC3D from Creative Edge Printweek
.
● New Mountain Capital and Endicott Capital close 3E acquisition Private Equity Wire
.
Regulatory News
.
● Deaths trigger pause in Celyad’s allogeneic CAR-T trial biopharma-reporter.com

10. Belgium Tech - March 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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