Noshaq
Investor · Liège, Belgium · Europe
Noshaq is a Liège-based investment fund and fund manager that provides financing solutions for the creation and growth of companies. It also invests in structuring projects that give new socio-economic perspectives to Liège and its region.
Invests inHealthcare & BiotechAI & Machine Learning
In its own wordsregional developmentsmegrowthsector-focused
Your fit with Noshaq
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsNoshaq lists 187 checked portfolio companies on its own site and is named in 8 funding rounds, 2 of them as lead. Its most frequent entry is Seed, 50% of the companies with a known first round. Its largest themes are Healthcare & Biotech (23%), AI & Machine Learning (19%) and Industrial & Manufacturing (13%). 73% of its companies are based in Belgium. It invests most often alongside LeanSquare, Qbic and Invest.BW.
Counts come from funding rounds that name Noshaq, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Noshaq's whole history. Rounds on record name 8 companies; its own site lists 187. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundNoshaq does not state its stages on its site, so only what it does is shown.
Show as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 50% |
| Series A | 50% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 4 | 1 |
| '26 | 4 | 1 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 99th | 186 companies |
| Recent activity | 82th | 4 rounds in 12 months |
| Early stage | 73th | 50% of entries at pre-seed or seed |
| Evidence | 56th | 3% of companies confirmed by a round |
| Sector focus | 25th | 23% in its largest sector |
| Reach | 98th | 15 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Healthcare & Biotech | 23% | 15% |
| AI & Machine Learning | 19% | 18% |
| Industrial & Manufacturing | 13% | 7% |
| Real Estate & Construction | 9% | 3% |
| Enterprise Software | 8% | 8% |
| Fintech | 5% | 12% |
| Education | 5% | 7% |
| Food & Agriculture | 4% | 3% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| LeanSquare | 24 |
| Qbic | 9 |
| Invest.BW | 8 |
| White Fund | 7 |
| PMV | 6 |
| imec.istart | 6 |
| VIVES | 5 |
| XAnge | 4 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers18398%
- No longer answers00%
- Points to another company42%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare Noshaq head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Noshaq| Date | Company | Stage |
|---|---|---|
| 21 Sept 2026 | Debt | |
| 20 Jul 2026 | Series A | |
| 19 Jun 2026 | Seed Led | |
| 4 Mar 2026 | Seed | |
| 13 Nov 2025 | Series A | |
| 25 Sept 2025 | Round | |
| 30 Jan 2025 | Seed Led | |
| 15 Jan 2025 | Series A |
Round details for Noshaq
Amounts, full round histories and every co-investor in Noshaq's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
187 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| The company designs and implements heating, ventilation, air conditioning, cooling, and sanitary solutions for buildings in Belgium. | Industrial & ManufacturingReal Estate & Construction | Portfolio page | ||
| Aberratic is an independent game studio. | Gaming | Portfolio page | ||
| ABSCINT develops in vivo imaging diagnostics with a focus on positron emission tomography tracers for precision targeting agents | Healthcare & Biotech | Portfolio page | ||
| Adomate creates ads for clients using their data and AI generation | Media & EntertainmentAI & Machine Learning | Jun 2026Seed | Funding round | |
| Advanced Coating provides Parylene coating services for various industries, including aerospace, electronics, and medical devices. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Aerospacelab designs, builds, and operates satellite infrastructure, including platforms, payloads, and operations | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Algama produces egg substitutes based on microalgues for the baking industry | Food & Agriculture | Portfolio page | ||
| AMOS develops and produces high-precision optical instruments, mechanical and optomechanical systems, and test equipment for astronomy, space, telecommunications, laboratories and industry. | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Ampacimon provides innovative software and sensor solutions for power grid monitoring and management. | EducationEducation | Portfolio page | ||
| APO-GEE ENGINEERING develops innovative ball bearing solutions for space and industrial applications | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Aquatic Science provides water treatment and food for ornamental fish. | AI & Machine LearningFood & Agriculture | Portfolio page | ||
| Aquilon Pharma improves the efficacy of inhaled medication by improving the efficacy of inhaled drug | Healthcare & Biotech | Portfolio page | ||
| The company transforms existing sites into coherent commercial destinations | Real Estate & Construction | Portfolio page | ||
| ARK Capture Solutions captures CO2 directly at the source for industrial decarbonization | Industrial & ManufacturingClimate & Energy | Portfolio page | ||
| ATB Therapeutics develops novel therapeutic solutions for patients with cancer and auto-immune disease using antibody payload technology. | Healthcare & Biotech | Portfolio page | ||
| Axithra develops technology for rapid therapeutic drug monitoring at the point of need | Healthcare & Biotech | Portfolio page | ||
| AxonJay provides predictive intelligence for B2B revenue teams to identify companies entering a buying window | AI & Machine LearningFintech | Portfolio page | ||
| Azumuta provides a platform to orchestrate and power shopfloor operations with unified intelligence | Industrial & Manufacturing | Nov 2025Series A | Funding round | |
| B2H provides access and support services to medical technology companies and federal medical organizations that serve US veterans, military, and their families. | Healthcare & Biotech | Portfolio page | ||
| Balteau Group offers various services including electrical installations, infrastructure, and engineering | Industrial & ManufacturingReal Estate & Construction | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- noshaq.be
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 15 Jan 2025
- Companies checked
- 187
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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