Analysis

Fundraising operations realised by Belgian TMT (Technology, Media, Telecom) startups in 2014

Belgian startup ecosystem is booming

Top 20 fundraising operations realised by Belgian TMT startups in 2014

  Rank        Date               Name              Sector     
Region                        Fund raised (€)                
1

9/09/2014 & 5/05/2014 AMPLIDATA TECH EAST-FLANDERS 14 863 252
2 15/05/2014 ODOO SOFTWARE BRABANT WALLON 7 400 000
3 6/11/2014 SHOWPAD SOFTWARE EAST-FLANDERS 6 149 911
4 15/05/2014 CALYOS TECH BRABANT WALLON 2 870 000
5 29/05/2014 CARTAGENIA SOFTWARE BRABANT FLAMAND 2 750 000
6 19/08/2014 PROXISTORE WEB BRUSSELS 2 200 000
7 8/08/2014 OVIZIO TECH BRUSSELS 2 000 000
8 29/04/2014 CO-SCALE SOFTWARE EAST-FLANDERS 1 500 000
9 2/10/2014 N1GHT.COM MEDIA BRUSSELS 1 000 000
10 13/10/2014 CARDWISE SOFTWARE ANVERS 1 000 000
11 4/08/2014 RETAIL DRIVE WEB BRUSSELS 1 000 000
12 28/04/2014 SELINKO SOFTWARE BRABANT WALLON 1 000 000
13 11/12/2014 TAPPTIC DIGITAL SERVICES BRUSSELS 1 000 000
14 27/05/2014 TEAMLEADER SOFTWARE EAST-FLANDERS 1 000 000
15 9/07/2014 TEXTMASTER WEB BRUSSELS 1 000 000
16 23/04/2014 AWINGU SOFTWARE EAST-FLANDERS 999 996
17 17/01/2014 TRUSTED FAMILY SOFTWARE BRUSSELS 991 019
18 20/03/2014 NEWSMONKEY MEDIA BRABANT FLAMAND 900 000
19 11/02/14 EDEBEX
WEB BRUSSELS 800 000
20 5/09/2014
YOU KNOW WATT SOFTWARE BRUSSELS 700 000

 

These amounts exclusively cover the contribution of capital, so no types of subordinated loans. This table only shows Belgian companies, no startups that have been founded abroad by Belgians.

Over the past year, our Belgian technology startups have raised 64 million euros of capital over the course of 58 operations

Jean-Michel Noé, Senior Manager M&A

The top 20 fundraising operations for technology startups

Jean-Michel Noé comments on the current startup ecosystem

Jean-Michel Noé, senior manager M&A at Deloitte Accountancy, conducted a study on the current Belgian startup landscape in the TMT sector

The study is based on increases in capital such as venture capital (VC, business angels), unlisted companies, the press, press releases from TMT companies and investors, and legal publications. Convergence, the increased importance of software and technology, as well as web-based distribution channels, make it difficult to distinguish the different segments.

     Category      Covered activities                   Example                      
Software Development of software and applications/ Platforms (more complex than web)
 
Showpad, Cartagenia, Cheqroom
Technology Based on sciences and engineering, hardware + software solutions, e-payment (more complex than software) Calyos, Sign2Pay, You Know Watt
Web Website / Sharing sites / Platform   Beatswitch, Darwin Analytics, Getsmily
Digital services Services / Consultancy / Games for consoles and computer Tapptic, Solvace, Niceberg
Telecom Telecom/ App for communication Mondial Telecom
Media Radio / Television / Online agenda / News portal N1ght.com, Newsmonkey

While there are several factors in the Belgian market that encourage the launch of startups, there are also obstacles that make the task more complex

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