Check out @Tracxn's #curated latest #startup activity in #Tech rebrand.ly/c6kcgpb Subscribe for free https://rb.gy/3yuosu to access reports on your #Geography of interest, every month!

1. TRACXN MONTHLY REPORT
NOVEMBER 2021
BELGIUM TECH

2. Belgium Tech - November 2021 Copyright © 2021, 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 - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Belgium Tech Snapshot – November 2021
Belgium Tech: Snapshot – November 2021
Note : "Investors" refers to "Institutional Investors" only
3
$252M
1
Overall Geo Stats
5
4
14
2
2
Funding Rounds $ Invested Analyst Picks
Stratics!@#
New Investors
Akiles
Iconiq Capital
Series A+ rounds Active Investors IPOs Acquisitions
PharmaFluidics
Skedify
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Brussels
(1 Rounds, $250M)
Keerbergen
(1 Rounds, $1.7M)
$250M - Series G
Collibra (2008, Brussels, $596M)
$1.7M - Seed
Moonbird (2019, Keerbergen, $1.7M)
Index Ventures
(1 Investments)
Tiger Global Management
(1 Investments)
Sequoia Capital
(1 Investments)
Battery Ventures
(1 Investments)
Big Data Analytics
Collibra
GRC Software
Business Intelligence
Enterprise Information
Management
Market Size
Companies Covered 4,051
Funded Companies 1,145
Total Funding $5.5B
Funding in last 12 months $1.3B
Top Exits
IPOs 29
Acquisitions 208
Company Stage
Unicorns 2
Soonicorns 15
Minicorns 93
Editor Picks 416
Series A+ 244
Series C+ 49
Acqui-Hires 1
Deadpooled 229
Top Cities
Brussels (152 Rounds, $1.5B)
Ghent (76 Rounds, $530M)
Top Investors
PMV (52 Investments)
SRIW (36 Investments)

4. Belgium Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Belgium Tech as of November 2021
Belgium Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (November 2021)*
Collibra
(2008, Brussels, $596M)
$250M - Series G Sequoia Capital
Moonbird
(2019, Keerbergen, $1.7M)
$1.7M - Seed Akiles
*Shows only the lead Investors

5. Belgium Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Belgium Tech in November 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
$250.0M - Series G
Collibra (2008, Brussels, $596.3M)
Data intelligence solution provider
Sequoia Capital, Sofina, Battery Ventures, CapitalG,
Durable, and 4 more
SEED STAGE
$1.7M - Seed
Moonbird (2019, Keerbergen, $1.7M)
Provider of smart devices for monitoring heart rate or
breathing
Akiles, Scale Fund, PMV, Buysse & Partners,

6. Belgium Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Belgium Tech in November 2021
Belgium Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Akiles
1 portfolio companies | Akiles – Binding and Laminating Machines
Moonbird
Provider of smart devices for monitoring heart rate or breathing
$1.74M Seed
Iconiq Capital
43 portfolio companies | Multi-family office and wealth management firm
Collibra
Data intelligence solution provider
$250M Series G
Sequoia Capital
2444 portfolio companies | Venture capital fund investing in tech & consumer
sectors
Collibra
Data intelligence solution provider
$250M Series G
Durable
39 portfolio companies | Venture capital funds focused on multiple sectors
Collibra
Data intelligence solution provider
$250M Series G
Buysse & Partners
4 portfolio companies | Private equity investment firm focused on growth fund
investments
Moonbird
Provider of smart devices for monitoring heart rate or breathing
$1.74M Seed

7. Belgium Tech - November 2021 Copyright © 2021, 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 ▲2 Data Cataloging $250M 1 Collibra | $250M | Series G
2 ▲2 Data Catalog Platforms $250M 1 Collibra | $250M | Series G
3 ▲2 Data Governance Platforms $250M 1 Collibra | $250M | Series G
4 ▲2 Business Management Software $215M 1 Odoo | $215M | Series D
5 ▲19 Life Sciences Research Services $131M 3 Univercells | $85.2M | Series C
6 ▲14 Online Ordering Solutions $65.0M 1 Deliverect | $65.0M | Series C
7 ▲28 Adult Stem Cell Based Therapeutics $45.8M 2 Promethera | $23.8M | Series E
8 -- Customer Identity Verification $29.3M 1 itsme | $29.3M | Series B
9 ▼-8 Drugs for Multiple Cancer Types $25.8M 1 Imcyse | $25.8M | Series B
10 -- Diabetes Drugs $25.8M 1 Imcyse | $25.8M | Series B

8. Belgium Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Belgium Tech in November 2021
Belgium Tech: Acquisitions
8
Acq. Date Company Acquirer Deal Size
01 Nov 2021
PharmaFluidics(2010, Ghent)
Supplier of microchip liquid chromatography cartridges for
standard nano-LC applications
Thermo Fisher Scientific
09 Nov 2021
Skedify(2014, Ghent, $2.0M)
Appointment scheduling software for local businesses
Pexip
10 Nov 2021
Connective(2014, Antwerp, $5.1M)
Digital transaction management for financial services
Nitro $81.1M
25 Nov 2021
Objective International(1996, Wichelen)
MES/WMS solution provider
Aptean

9. Belgium Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Belgium Tech in November 2021
Belgium Tech:News
9
Exit News
.
● Nitro acquires Belgium-based Connective to take on the enterprise eSign
market Silicon Canals
.
● Aptean’s Acquisition of Objective Global Legal Chronicle
.
● Thermo Fisher acquires PharmaFluidics to extend capabilities in column
performance BioSpectrum Asia
.
● Materialise Exercises Option to Acquire Link3D Business Wire
.
People News
.
● Billtrust Announces Kelli Negro as CMO Amid B2B Accounts Receivable
Leader’s Global Expansion AiThority
.
● Mogrify appoints Tom Graney as Non-Executive Director, Audit Chair and
Capital Markets Advisor Business Wire
.
Company News
.
● Icure Acquires Drug Product Approval for World's First Donepezil Patch for
Treating Dementia of the Alzheimer ... Business Wire India

10. Belgium Tech - November 2021 Copyright © 2021, 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 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

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the
Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any
other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations
or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com