Investors / Belgium / Smartfin
Smartfin
Venture capital · Belgium · Europe
Smartfin is a European venture capital investor managing more than €600m in assets and writing investment tickets of up to €50m. It backs B2B technology companies with a working product and initial paying customers, and supports them with follow-on investments over the long term.
Invests inFintechAI & Machine Learning
In its own wordsb2btechnologysaassoftwareblockchaingrowth
Your fit with Smartfin
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsSmartfin lists 34 checked portfolio companies on its own site and is named in 9 funding rounds, 5 of them as lead. Its most frequent entry is Series A, 57% of the companies with a known first round. Its largest themes are Fintech (18%), AI & Machine Learning (15%) and Enterprise Software (12%). 40% of its companies are based in Belgium. It invests most often alongside imec.istart, DN Capital and Newion.
Counts come from funding rounds that name Smartfin, 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 Smartfin's whole history. Rounds on record name 9 companies; its own site lists 34. 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 roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 14% |
| Series A | 57% |
| Series B | 14% |
| Growth | 14% |
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 | 1 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 2 | 2 |
| '26 | 6 | 3 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 72th | 34 companies |
| Recent activity | 89th | 6 rounds in 12 months |
| Early stage | 56th | 14% of entries at pre-seed or seed |
| Evidence | 94th | 24% of companies confirmed by a round |
| Sector focus | 10th | 18% in its largest sector |
| Reach | 88th | 7 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Fintech | 18% | 12% |
| AI & Machine Learning | 15% | 18% |
| Enterprise Software | 12% | 8% |
| E-commerce & Marketplaces | 8% | 6% |
| Space & Defense | 8% | 3% |
| Cybersecurity | 6% | 4% |
| Education | 6% | 7% |
| Media & Entertainment | 6% | 4% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| imec.istart | 4 |
| DN Capital | 3 |
| Newion | 2 |
| 42CAP | 1 |
| AAL VC | 1 |
| APY Ventures | 1 |
| Acacia Venture Capital Partners | 1 |
| Alkeon Capital | 1 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers3294%
- No longer answers00%
- Points to another company26%
- 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 Smartfin 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 Smartfin| Date | Company | Stage |
|---|---|---|
| 6 Oct 2026 | Series B Led | |
| 29 Sept 2026 | Series A Led | |
| 23 Jun 2026 | Series A | |
| 26 Mar 2026 | Round | |
| 2 Feb 2026 | Series A Led | |
| 21 Jan 2026 | Round | |
| 17 Sept 2025 | Seed Led | |
| 11 Sept 2025 | Series A Led |
Round details for Smartfin
Amounts, full round histories and every co-investor in Smartfin's rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
34 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| AI-Blox develops and produces modular hardware and software for building, deploying, and running AI in physical environments such as robotics, vehicles, and machines. | AI & Machine LearningRobotics & Hardware | Sept 2025Series A | Page + round | |
| Akinon provides a unified commerce platform and digital solutions for retail brands worldwide | E-commerce & MarketplacesFintech | Portfolio page | ||
| Auditstage provides a platform for auditors to manage their workflows, financial data, and audit evidence in a single system. | FintechEnterprise Software | Portfolio page | ||
| Betty Blocks generates AI applications without locking in users to specific technologies or vendors | AI & Machine LearningEnterprise Software | Portfolio page | ||
| Bright Analytics provides a management reporting platform that helps financial teams make informed decisions with up-to-date financial and operational data. | FintechEnterprise Software | Portfolio page | ||
| Marble provides an AI-powered platform for fraud and AML compliance automation | FintechAI & Machine Learning | Sept 2026Series A | Page + round | |
| CrazyGames is a free browser gaming platform that allows users to play online games without downloads or interruptions. | Enterprise SoftwareGaming | Portfolio page | ||
| Deliverect provides digital ordering solutions for restaurants and food businesses. | Food & AgricultureE-commerce & Marketplaces | Apr 2021Series C+ | Page + round | |
| Divitel helps telecom operators and media companies master their video and broadband operations through independent expertise, end-to-end integration, and data-driven intelligence. | Media & EntertainmentHealthcare & Biotech | Portfolio page | ||
| The company provides a cloud management platform to deploy, manage, and optimize cloud infrastructure and services across multiple cloud providers. | CybersecurityAI & Machine Learning | Portfolio page | ||
| EyeSee provides predictive insights for shopper, advertising, innovation, and e-commerce optimization through behavioral research. | ConsumerMedia & Entertainment | Portfolio page | ||
| Fimple provides a cloud-native core platform for banking | FintechSpace & Defense | Jan 2026Round | Page + round | |
| Hadrian provides a platform for continuous external exposure management and on-demand agentic pentesting to help companies manage their attack surface | CybersecurityAI & Machine Learning | Oct 2026Series B | Page + round | |
| Happeo provides an intranet platform for small and medium companies | EducationEnterprise Software | Portfolio page | ||
| Hex-Rays develops and provides binary code analysis tools | CybersecurityEducation | Portfolio page | ||
| Incard provides business accounts, cards, and cashback services for companies | FintechE-commerce & Marketplaces | Feb 2026Series A | Funding round | |
| Incard provides business accounts, cards, and cashback services for companies. | FintechE-commerce & Marketplaces | Portfolio page | ||
| Itineris provides AI-powered software solutions for utilities, including customer information systems, customer relationship management, and enterprise resource planning. | EducationHealthcare & Biotech | Portfolio page | ||
| Luzmo provides a way to embed analytics in products | AI & Machine LearningSpace & Defense | Portfolio page | ||
| MariaDB develops and provides an open source database platform. | Enterprise SoftwareDeveloper Tools | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- smartfinvc.com
- Last read
- 5 Nov 2026
- Watching since
- 5 Nov 2026
- Rounds since
- 21 Apr 2021
- Companies checked
- 34
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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