Brussels-based Syndicate One, a global network-driven fund backing expertise startups based mostly in Belgium or based by Belgian entrepreneurs, as we speak introduced that it has concluded the primary shut of its second fund at €22 million.
The capital elevate follows Syndicate One’s €6.5 million fund, which closed in late 2024, and is meant to establish, finance, and assist extra standout founders from Belgium throughout varied sectors. The brand new fund was oversubscribed inside eight weeks after the primary pitch, and might be managed by Syndicate One founder Laurens De Poorter, along with founding members Arnaud Bakker and Robin Wauters.
The fund’s investor listing included over 120 entrepreneurs, operators, and traders who’re key stakeholders of the Belgian tech startup ecosystem. Syndicate One notes that among the founders it backed have change into traders within the fund. Different traders embrace prior anchor investor Sofina, new institutional backers equivalent to Finhouse and COI, and 4 governmental funds: PMV (Flanders), SFPIM (federal), Finance&Make investments Brussels, and Wallonie Entreprendre.
“Our €22 million fund is a robust sign that the Belgian tech ecosystem is maturing and compounding. What began as a tight-knit community of bold founders and operators has advanced into a robust flywheel, the place as we speak’s founders change into tomorrow’s backers. We’re doubling down on distinctive Belgian entrepreneurs, wherever they’re on the planet, and on the ecosystem initiatives that assist them scale sooner, suppose larger and construct globally aggressive firms from day one,” stated Laurens De Poorter, founding father of Syndicate One.
Based in 2022, Syndicate One swimming pools experience, a global community, and Seed capital from a gaggle of skilled founders, operators {and professional} traders to assist early Belgian startups degree up.
It has invested in Belgian early-stage startups equivalent to Aikido Safety, Techwolf, Conveo, Sirona Applied sciences, Donna, Warren, SAPI, Ravical, Cosmic Aerospace, Powernaut, Tekst, Mindoo and others. In response to Syndicate One, two of its early investments, Elementary and Aikido Safety, have hit unicorn standing.
“The depth and breadth of the Syndicate One neighborhood affords a singular platform for founders to leverage, enabling them to realize direct insights on investments, operations, go-to-market, and gross sales, platform growth, advertising and PR, and lots of extra matters,” the funding agency talked about within the press launch.
Syndicate One states that it usually launches focused initiatives to strengthen Belgium’s tech ecosystem. These embrace the discharge of the second ‘State of Belgian Tech Report’, produced in collaboration with Sofina, SFPIM, and Bain & Co, in addition to the second iteration of the ‘Syndicate One Convertible’, a standardised convertible mortgage settlement (CLA) for early-stage financing of Belgian startups. The agency additionally launched a video podcast that includes wide-ranging interviews showcasing Belgium’s expertise.
As well as, it notes that it’ll proceed to organise occasions, workshops and meetups, and have interaction in different actions in assist of its mission to raise the Belgian tech ecosystem.