Despite birthing three unicorns, and home to a number of soonicorns, per capita, Belgium receives the lowest amount of VC funding in West and Northern Europe. Combating this statistic, 32 Belgian entrepreneurs, operators, and industry experts have decided that it’s high time to initiate a Belgian mafia effect, namely, via newly formed angel investor cooperative Syndicate One.
Offering a founder-friendly term sheet, Syndicate One plans to make pre-seed and seed investments ranging between €50,000 and €100,000, in addition to providing portfolio companies with real-world operator know-how, and 32 collective careers’ worth of an international network.
Syndicate One members hail from a diverse group, with CVs including experiences at Showpad, Deliverect, Cowboy, Adyen, Lendable, Qover, Accountable, Birdie, BRYTER, Datacamp, and Tech.eu, as well as investment firms Eurazeo, Speedinvest, and Augmentum Fintech.
Augmenting the group's internal offer, they've has also secured the support of a number of Belgian scale-up company founders and executives, and international investors that will support deal flow efforts and co-invest.
“Our collective belief is that Belgium harbours enormous potential with a deep and wide talent pool and abundant availability of capital, but there remains a significant lack of options for startup founders to raise pre-seed and seed funding from experienced startup operators,” explained Syndicate One founder and VC a Kraken Ventures Laurens De Poorter. “Belgium holds some clear pockets of excellence thanks to existing startup networks, government-linked initiatives, and unicorn successes, but they’re dispersed across a divided country. With Syndicate One, we want to unite the entire ecosystem, help fill that gap and take it to a whole new level.”
Disclosure: Tech.eu founder Robin Wauters is a member of Syndicate One. This article was sourced and produced by Dan Taylor, an author with no affiliation to Syndicate One.