"The rise of Belgian Tech can benefit everyone: founders and leadership teams have the opportunity to innovate, learn, and deliver solutions that are cheaper, better, or greener for consumers. Investors, in turn, are increasingly drawn to the ecosystem, bringing in capital that accelerates growth. Most importantly, Belgian society as a whole stands to benefit from this momentum, creating a virtuous cycle of innovation and progress," says Cédric Bovy, Senior Partner, Bain & Company.
"According to the report, investments in Belgium have shown a post-2022 dip recovery stronger than the European average. In H1 2024, the investments in Belgian tech startups amounted to nearly €500M surpassing the €424M in total funding for the entire previous year."
"Over the last six years, the average amount invested per round per stage has increased, tripling at the Seed and Series B stage, and more than doubling at Series A stage. The number of exits has steadily grown, with 22 exits recorded in the first half of 2024, says the report."
"From 2018 to H1 2024, early-stage financing rounds accounted for around 77 per cent of capital raised by Belgian tech startups, compared to 42 per cent in Europe over the same period."
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