Brussels-based Syndicate One, a network-driven investment firm, has completed the first close of its second €22 million fund to back early-stage Belgian tech startups.
- Founded in 2022 by Laurens De Poorter, Syndicate One is a network-driven investment firm that brings together 32 experienced startup operators, founders, and executives to support Belgian tech startups.
- Since its launch, the firm has invested in more than a dozen startups, including Aikido Security, Fundamental, Techwolf, Conveo, and Sirona Technologies, with two early portfolio companies, Fundamental and Aikido Security, reaching valuations above $1 billion.
- The €22 million Fund II will provide seed capital, typically ranging from €200,000 to €400,000, along with operational guidance and access to a network of experienced operators and industry experts. The fund will also support initiatives such as standardized convertible loan agreements, ecosystem research, and events connecting founders with mentors and investors.
“We are doubling down on exceptional Belgian entrepreneurs, wherever they are in the world, and on the ecosystem initiatives that help them scale faster, think bigger and build globally competitive companies from day one,” explains Laurens De Poorter, the original founder of Syndicate One.
- Fund II was backed by institutional investors including Sofina, Finhouse, and COI, Belgian public funds PMV, SFPIM, Finance&Invest Brussels, and Wallonie Entreprendre, and over 120 founders and operators from the Belgian tech ecosystem. It will be managed by De Poorter along with founding members Arnaud Bakker and Robin Wauters.
