Private capital investment in Belgian startups has reached over €470mn in the first half of 2024, representing growth from €424mn in all of 2023, indicating a possible record funding year.
AI startups are leading investment trends, securing over 70% of the total capital in the first half of 2024. Prominent investments include TechWolf’s $42.7mn and Robovision’s $42mn funding rounds.
The steady growth in startup funding and exits since 2018 illustrates that Belgium's tech ecosystem is maturing, with recent statistics showing increases in company exits and the emergence of unicorns.
Despite the positive growth in funding and investment maturation, challenges such as scaling and late-stage growth persist within the Belgian tech ecosystem, highlighting the need for further development.
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