Innovation Fund Reaches 49 Portfolio Companies, Investment Manager Celebrates Milestone

Brussels, Belgium – Innovation Fund, a prominent early-stage venture capital firm, has announced a significant expansion of its portfolio with the addition of its 49th investment. The milestone was publicly shared by Camille Vanmarcke, an Investment Manager at the firm, who posted on social media, "> Our 49th portco just landed in the yard bearing a gift. 🏴‍☠️⚔️" This latest backing underscores the fund's active role in fostering innovation.

Innovation Fund, based in Schaerbeek, Belgium, was established in 2015 with a strategic focus on seed and early-stage companies. The firm primarily invests in the life sciences and deep tech sectors, leveraging strong ties to the Belgian innovation ecosystem. It currently manages two funds, Innovation Fund and Innovation Fund II, with a combined total of EUR 120 million under management.

As of February 2025, the fund's robust portfolio now comprises 49 companies, a testament to its consistent investment activity. This impressive track record includes one unicorn and eight IPOs from its previous investments, highlighting the firm's success in identifying and nurturing high-growth ventures. The fund's team consists of ten experienced professionals, including four partners, who are actively deploying capital from Innovation Fund II.

While specific details about the 49th portfolio company were not immediately disclosed in Vanmarcke's announcement, the firm's established investment thesis suggests a focus on groundbreaking technological advancements. This latest addition further solidifies Innovation Fund's position as a key player in the European venture capital landscape, particularly within the life sciences and deep tech domains.