The artificial intelligence industry in Benelux is thriving, featuring innovative companies that develop AI-driven solutions across various sectors such as healthcare, finance, and manufacturing. Startups and scale-ups are increasingly harnessing AI for smart data analytics, automation, and enhanced customer experiences. With substantial investments pouring in, the market is projected to grow rapidly, driven by advancements in machine learning, natural language processing, and robotics. Notably, the Benelux region offers a rich ecosystem of collaboration between research institutions and the tech community, fostering groundbreaking developments in AI that hold great promise for the future.


The investors in this list represent a mix of venture capital firms and corporate entities, headquartered across notable locations such as Amsterdam, Luxembourg, and Brussels. Founded between 2001 and 2019, these investors varied in size from small, agile teams to large organizations. In 2024, they collectively made a significant impact with nearly 100 investments in the artificial intelligence sector, highlighting the attractive potential of AI initiatives for growth and innovation.


Top 19 Artificial Intelligence Investors in Benelux


1. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, the EIC offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC provides not only financial support but also business acceleration services, networking opportunities, and prizes to promote innovation in diverse sectors. Notably, the EIC has been involved in significant transactions in the technology space, including investments in Multiverse Computing, a Spanish startup focused on quantum computing, which received €12.5 million from the EIC Accelerator program and additional funding in a later round. The EIC also participated in a Series B funding round for PASQAL, a quantum computing company, highlighting its engagement in cutting-edge technology that intersects with artificial intelligence. These transactions demonstrate the EIC's active role in supporting innovative companies that are relevant to the AI landscape.


2. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg that provides financial services, including loans, equity investments, guarantees, and advisory services, to support sustainable projects across various sectors. Founded in 1958, EIB serves both public and private organizations seeking funding for initiatives that promote growth and job creation. In recent years, EIB has made notable investments in the artificial intelligence sector, including a significant financing round for Prophesee, a vision technology developer, and a €15 million financing agreement with Alteia, which focuses on developing visual AI solutions. Additionally, EIB led a Series B financing round for Magazino, a company that is advancing AI in robotics. These transactions highlight EIB's active role in fostering innovation within the AI industry, alongside its broader investment strategy.


3. Rockstart

  • Website: rockstart.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 16
  • LinkedIn: rockstart

Rockstart is a startup accelerator and investment firm based in Amsterdam, Netherlands, founded in 2011. They empower early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities. In 2024 alone, Rockstart has made 16 investments, showcasing their active role in supporting startups. Notably, they participated in the funding round for Molecular Quantum Solutions, which is working on transforming their tool stack into a SaaS solution for the pharmaceutical and chemical industries, potentially involving AI technologies. Other transactions include investments in WeKall and Purple Gaze, which further illustrate their commitment to nurturing innovative startups. Rockstart's business model focuses on supporting purpose-driven entrepreneurs, driving positive change, and fostering technological advancements.


4. M Ventures

  • Website: m-ventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: merck-ventures

M Ventures is a venture capital fund based in Amsterdam, Netherlands, founded in 2009. The firm specializes in investing in transformative ideas within the biotechnology and technology sectors, with a strong emphasis on healthcare, life sciences, and advanced technology. M Ventures collaborates closely with entrepreneurs to provide funding and strategic guidance, helping startups achieve commercial success. Notably, M Ventures has participated in significant funding rounds for companies in the artificial intelligence sector, including SynSense, which focuses on neuromorphic computing technology, and MemryX, which develops in-memory chips for AI applications in edge devices. These investments demonstrate M Ventures' active role in supporting innovation in the AI field, alongside their broader investment strategy.


5. Exor N.V.

  • Website: exor.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 26
  • LinkedIn: exor_2

Exor N.V. is a holding company based in Amsterdam, Netherlands, founded in 2009. It operates across various sectors, including automotive, healthcare, and media, and manages a diverse portfolio of companies such as Ferrari, Stellantis, and Philips. Exor focuses on enhancing value through strategic investments and operational support. In the realm of artificial intelligence, Exor has made notable investments, including a significant $113 million in Mistral AI during its seed round in June 2023, showcasing their commitment to advancing AI technologies. Additionally, they invested in Wayve, which raised over $19 million in a Series A round in August 2020, further emphasizing their interest in AI-driven innovations. These transactions reflect Exor's strategy of investing in companies that provide innovative products and services, particularly in the AI sector.


6. Prosus Group

  • Website: prosus.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2019
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: prosus-group

Prosus Group is a global technology investor and operator based in Amsterdam, Netherlands, founded in 2019. The firm focuses on enhancing everyday life through technology across various sectors, including online classifieds, food delivery, payments, and education technology, serving over two billion customers worldwide. In 2024, Prosus has been particularly active in the artificial intelligence space, participating in significant funding rounds for startups like Ema, which aims to create a universal AI employee to automate mundane tasks, and Martian, an AI model-routing platform. These investments reflect Prosus's strategy of partnering with local entrepreneurs to foster innovation and sustainable business practices in the technology sector.


7. Alpha Intelligence Capital


Alpha Intelligence Capital is a Luxembourg-based venture capital firm founded in 2018, specializing in investments in AI-first companies. With a team size of 11-50, they have made significant strides in the artificial intelligence and machine learning sectors. In 2022, they participated in notable funding rounds, including a $100 million Series B for InstaDeep, an enterprise AI startup, and a $110 million Series D for Aidoc, which focuses on AI solutions in healthcare. Additionally, they were involved in the Series A funding of Another Brain, a deep learning company, which raised €19 million to develop its innovative OrganicAI™ technology. Their strategic investments in these AI-driven companies highlight their commitment to fostering innovation and growth in the artificial intelligence landscape.


8. Pmv

  • Website: pmv.eu
  • Type: Venture Capital
  • Headquarters: Brussels, Brussels, Belgium
  • Founded year: 2001
  • Headcount: 51-200
  • Number of deals in 2024: 11
  • LinkedIn: pmv-eu

Participatiemaatschappij Vlaanderen (PMV) is a public entity that acts as an investment company for the Flemish government, founded in 2001 and based in Brussels, Belgium. PMV provides a range of financing solutions, including loans and co-financing, to startups, scale-ups, and established businesses across various sectors such as real estate, clean tech, and life sciences. Notably, PMV has been involved in several transactions relevant to the artificial intelligence sector. For instance, they participated in a Series B funding round for TechWolf, a Belgian-based AI company that raised $43 million to enhance its skills infrastructure. Additionally, PMV has invested in Waylay, a platform that connects IoT devices with enterprise IT systems, and LynxCare, which leverages AI in healthcare data management. These investments highlight PMV's commitment to supporting innovation in the AI space while also providing consulting services to help businesses navigate investment challenges and achieve sustainable growth.


9. Adara Ventures

  • Website: adara.vc
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: adara-venture-partners

Adara Ventures is a venture capital firm based in Luxembourg, founded in 2005, that focuses on investing in early-stage technology companies across Europe. The firm partners with visionary founders in various sectors, including cybersecurity, digital health, and data applications, providing them with the necessary resources and strategic support to scale their businesses effectively. Notably, Adara Ventures has participated in significant funding rounds for companies involved in artificial intelligence, such as IOMED, which raised €10M in a Series A round in 2023, focusing on AI-powered technology for healthcare data activation. Additionally, they led a €2 million seed round for IOMED in 2020, further demonstrating their commitment to supporting AI-driven innovations in the healthcare sector. Their involvement in these transactions highlights their active role in the AI industry, making them a relevant investor in this field.


10. OTB Ventures

  • Website: otb.vc
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 6
  • LinkedIn: otb-ventures

OTB Ventures is a venture capital firm based in Amsterdam, Netherlands, founded in 2017. The firm specializes in early-stage investments in deep-tech startups across various sectors, including SpaceTech, AI, FinTech, and CyberSecurity. In 2024, OTB Ventures has already made six investments, showcasing their active role in the venture capital landscape. Notably, they participated in the seed funding round for Semron, a company focused on AI chips for mobile devices, and led a Series A investment in KYP.ai, which aims to expand its AI operations globally. These transactions highlight OTB Ventures' commitment to supporting innovative AI technologies and startups, reinforcing their relevance in the artificial intelligence investment space.


11. Capricorn Partners


Capricorn Partners is a venture capital investment management firm based in Leuven, Flanders, Belgium, founded in 1993. The firm specializes in venture capital, growth capital, and quoted equity funds, focusing on innovative companies across various sectors, including digital technologies, health, and clean technologies. Capricorn Partners is committed to responsible investing, aiming to create both financial returns and strategic value for its clients. Notably, they have invested in several companies that are at the forefront of artificial intelligence technology. For instance, they participated in a €5.4 million Series A funding round for Bingli, which is developing an AI-powered medical consultation platform. They also have a history of supporting icometrix, a company that utilizes AI for medical imaging analysis, and VoxelSensors, which focuses on 3D perception technologies. These transactions illustrate Capricorn Partners' active engagement in the AI sector, reinforcing their role as a significant player in the investment landscape for artificial intelligence.


12. Brabantse Ontwikkelings Maatschappij (BOM)


Brabantse Ontwikkelings Maatschappij (BOM) is a venture capital firm based in Tilburg, North Brabant, Netherlands, founded in 1983. BOM serves as a development agency that supports startups and scale-ups in the Brabant region by providing funding, expertise, and networking opportunities to enhance business growth. In 2024, BOM has made 10 investments, reflecting their active role in fostering innovation. Among their notable transactions, BOM led a €5 million Series A funding round for Pera, an HR startup that leverages AI to improve the objectivity of job interviews. Additionally, they participated in funding Knowingo+, an Edtech startup that raised €1.3 million to make online learning more engaging through AI and gamification. These investments highlight BOM's commitment to supporting companies that are integrating artificial intelligence into their business models, particularly in the fields of human resources and education.


13. Sgh

  • Website: sghcapital.com
  • Type: Venture Capital
  • Headquarters: Luxembourg
  • Founded year: 2015
  • Headcount: 1-10
  • Number of deals in 2024: 3
  • LinkedIn: sghcapital

SGH Capital is a venture capital firm based in Luxembourg, founded in 2015, that specializes in investing in early and mid-stage disruptive companies across various sectors, including fintech and blockchain. They provide capital and strategic support to innovative businesses primarily in the US and western Europe, helping them to grow and succeed in competitive markets. Notably, SGH Capital has made significant investments in the artificial intelligence sector, including a recent venture round with OpenAI, which raised an undisclosed amount in April 2024. They also participated in a Series D funding round for Groq, which raised $640 million in August 2024, a company that focuses on AI hardware solutions. These transactions highlight SGH Capital's commitment to supporting advancements in artificial intelligence, alongside their broader investment strategy.


14. LUMO Labs

  • Website: lumolabs.io
  • Type: Venture Capital
  • Headquarters: Eindhoven, North Brabant, Netherlands
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: lumo-labs

LUMO Labs is a venture capital firm based in Eindhoven, North Brabant, Netherlands, founded in 2016. The firm specializes in impact-driven investments in emerging technologies, providing funding and tailored support programs to early-stage startups. LUMO Labs is particularly focused on fostering innovation in the technology sector, with a strong emphasis on areas such as artificial intelligence and blockchain. Notably, they have participated in funding rounds for several AI-related startups, including FruitPunch AI, which raised €500k in 2023 and focuses on developing AI-driven platform features, and Healthplus.ai, which is working on AI software to reduce post-operative infections. These transactions highlight LUMO Labs' active role in the AI industry and their commitment to supporting startups that leverage AI for social good.


15. Mangrove Capital Partners


Mangrove Capital Partners is a venture capital firm based in Luxembourg, founded in 2000, that specializes in early-stage investments in innovative technology companies. They provide financial support and strategic guidance to entrepreneurs, particularly in sectors like digital health and education tech. Notably, they have invested in Edgify, a London-based startup that is developing AI training frameworks for edge computing, showcasing their commitment to the artificial intelligence sector. Additionally, they have participated in funding rounds for other technology companies, such as SynerScope and Finmatics, which, while not exclusively focused on AI, contribute to the broader tech ecosystem. Their operations are primarily focused on Europe and Israel, where they actively seek to empower startups and foster growth in the tech ecosystem.


16. Maven 11

  • Website: maven11.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: maven11

Maven 11 is a venture capital firm based in Amsterdam, Netherlands, founded in 2015. The firm specializes in blockchain and distributed ledger technology, providing investment and active support to founders in the crypto space. In 2024 alone, Maven 11 has made 27 investments, showcasing their active role in the investment landscape. Among their notable transactions, they participated in the funding of Gensyn, a UK-based provider of blockchain-based computing resources for AI platforms, which raised $43 million in a Series A round. Additionally, they backed Bagel Network, a decentralized machine learning data network, in a pre-seed funding round of $3.1 million. These investments highlight Maven 11's engagement with companies at the intersection of blockchain and artificial intelligence, reinforcing their relevance in the AI sector.


17. Trgc

  • Website: trgc.io
  • Type: Corporate
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2018
  • Headcount: 1-10
  • Number of deals in 2024: 18
  • LinkedIn: token-research-group

TRGC is an investment firm based in Amsterdam, specializing in digital assets and blockchain technology. Founded in 2018, the firm has a hands-on approach to investing, providing strategic guidance and support to innovative founders and companies. In 2024, TRGC has been actively involved in 18 investments, including significant contributions to the AI sector. Notably, they participated in the funding round for Talus Network, which raised $3 million and includes contributions from major tech firms focused on democratizing AI onchain. Additionally, TRGC has invested in other startups like OpenLedger and Prodia, further showcasing their commitment to supporting innovative technologies, including those in the artificial intelligence domain.


18. GapMinder VC

  • Website: gapminder.vc
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2017
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: gapminder-vc

GapMinder VC is a venture capital firm based in Amsterdam, Netherlands, founded in 2017. The firm specializes in investing in early-stage startups within the Deeptech and SaaS sectors, providing not only capital but also strategic support in areas such as recruitment, marketing, sales strategy, and financial planning. GapMinder VC has been involved in several notable transactions in the artificial intelligence space, including multiple funding rounds for DRUID AI, a conversational AI technology company, where they participated in Series A and Series B funding rounds totaling over €43 million. They also invested in Etiq AI, further demonstrating their engagement in the AI sector. Their primary customers are ambitious entrepreneurs and tech founders looking to scale their businesses in competitive markets, particularly those leveraging advanced technologies like AI.


19. Volta Ventures

  • Website: volta.ventures
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: volta-ventures

Volta Ventures is a venture capital firm based in Amsterdam, Netherlands, specializing in seed and early-stage investments in technology-driven startups within the Benelux region. Founded in 2014, the firm focuses on sectors such as FinTech and HealthTech, but has also made notable investments in artificial intelligence. Among their relevant transactions, they led a funding round for Wizata, an Industry 4.0 AI startup that raised €2.7 million to develop an open architecture platform for optimizing production processes using AI. Additionally, Volta Ventures has invested in Sentiance, a company that leverages AI to enhance user experiences through data-driven insights. These investments highlight Volta Ventures' commitment to supporting innovative AI solutions alongside their broader technology focus.



Artificial Intelligence Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
European Investment Bank (EIB)Luxembourg1001-5000195899
RockstartAmsterdam, North Holland, Netherlands11-50201116
M VenturesAmsterdam, North Holland, Netherlands11-50200918
Exor N.V.Amsterdam, North Holland, Netherlands11-50200926
Prosus GroupAmsterdam, North Holland, Netherlands10001+201921
Alpha Intelligence CapitalLuxembourg11-5020186
PmvBrussels, Brussels, Belgium51-200200111
Adara VenturesLuxembourg11-5020055
OTB VenturesAmsterdam, North Holland, Netherlands11-5020176
Capricorn PartnersLeuven, Flanders, Belgium11-5019935
Brabantse Ontwikkelings Maatschappij (BOM)Tilburg, North Brabant, Netherlands51-200198310
SghLuxembourg1-1020153
LUMO LabsEindhoven, North Brabant, Netherlands11-5020165
Mangrove Capital PartnersLuxembourg11-5020005
Maven 11Amsterdam, North Holland, Netherlands11-50201527
TrgcAmsterdam, North Holland, Netherlands1-10201818
GapMinder VCAmsterdam, North Holland, Netherlands11-5020173
Volta VenturesAmsterdam, North Holland, Netherlands11-5020144


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