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SFPI-FPIM

Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels

Description

The Federal Holding and Investment Company (SFPI-FPIM) serves as the sovereign wealth fund of Belgium, wholly owned by the Belgian State. Established with the core mission to support Belgian economic growth and stability, SFPI-FPIM manages federal participations in both public and private enterprises. It acts as a crucial financial instrument, channeling investments into key sectors to foster innovation, job creation, and sustainable development across the nation. Its strategic mandate positions it as a long-term partner for companies aligned with Belgium's economic priorities.

SFPI-FPIM's investment strategy is broad yet focused, targeting sectors deemed vital for Belgium's future competitiveness. These include life sciences, digital technologies, energy transition, the circular economy, mobility solutions, and deep tech. The entity's substantial financial capacity is evidenced by its assets under management, which stood at approximately €17.5 billion (around $18.9 billion USD) as of 2022. This significant capital base allows SFPI-FPIM to engage in diverse investment activities, ranging from venture capital to strategic participations in larger enterprises, all aimed at strengthening the Belgian economic fabric.

To execute its investment mandate, SFPI-FPIM operates through specialized funds and direct strategic investments. Its "Growth & Transition Fund" typically provides equity and quasi-equity financing, with investment tickets generally ranging from €1 million to €15 million, supporting the expansion and transformation of established Belgian companies. Concurrently, the "Life Sciences & Deep Tech Fund" focuses on innovative early to mid-stage companies, offering financing from €500,000 to €5 million to accelerate research, development, and commercialization in these high-potential fields. Through these targeted approaches, SFPI-FPIM plays a pivotal role in nurturing promising ventures and ensuring Belgium's continued economic prosperity.

Investor Profile

SFPI-FPIM has backed more than 39 startups, with 0 new investments in the last 12 months alone. The firm has led 6 rounds, about 15% of its total and boasts 4 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in Belgium, United States, The Netherlands.
  • Strong thematic focus on Health Care, Biotechnology, Medical.
  • Typical check size: $540K – $16.2M.

Stage Focus

  • Series B (28%)
  • Series Unknown (23%)
  • Series A (15%)
  • Series C (13%)
  • Series D (13%)
  • Private Equity (3%)
  • Series E (3%)
  • Undisclosed (3%)

Country Focus

  • Belgium (72%)
  • United States (10%)
  • The Netherlands (8%)
  • France (5%)
  • Spain (3%)
  • Switzerland (3%)

Industry Focus

  • Health Care
  • Biotechnology
  • Medical
  • Manufacturing
  • Medical Device
  • Pharmaceutical
  • Therapeutics
  • Health Diagnostics
  • Information Technology
  • Personal Health
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does SFPI-FPIM frequently co-invest with?

Gimv
Europe, Antwerpen, Belgium, Antwerpen
Co-Investments: 3
Earlybird Venture Capital
Europe, Berlin, Germany, Berlin
Co-Investments: 3
Meusinvest (Noshaq)
Europe, Liege, Belgium, Liège
Co-Investments: 8
Sambrinvest
Europe, Hainaut, Belgium, Gosselies
Co-Investments: 6
Fund+
Europe, Vlaams-Brabant, Belgium, Leuven
Co-Investments: 6
Capricorn Partners
Europe, Vlaams-Brabant, Belgium, Leuven
Co-Investments: 5
Epimède
Europe, Liege, Belgium, Liège
Co-Investments: 4
QF
Europe, Vlaams-Brabant, Belgium, Leuven
Co-Investments: 3
S.R.I.W.
Europe, Liege, Belgium, Liège
Co-Investments: 20
PMV
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 3

Which angels does SFPI-FPIM often collaborate with?

AV
Europe, Antwerpen, Belgium, Antwerp
Shared Deals: 1
DA
Europe, Liege, Belgium, Liège
Shared Deals: 1
Shared Deals: 1
FB
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Shared Deals: 1
JS
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Shared Deals: 1
RT
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by SFPI-FPIM?

Tangent Works

Gooik, Vlaams-Brabant, Belgium

Tangent Works operates as a data science startup.

Information TechnologyMachine Learning
Series ADec 15, 2022
Amount Raised: $4,255,500
Cohabs

Brussels, Brussels Hoofdstedelijk Gewest, Belgium

Cohabs is a network of beautiful shared homes for nomads around the world.

CommunitiesReal Estate
Series CNov 16, 2022
Amount Raised: $72,754,031
Axelera AI

Eindhoven, Noord-Brabant, The Netherlands

Axelera AI is an artificial intelligence chip manufacturer that creates AI hardware and software platforms for edge computing.

Artificial Intelligence (AI)Machine LearningSemiconductorSoftware
Series AOct 25, 2022
Amount Raised: $27,000,000
Univercells

Gosselies, Hainaut, Belgium

Univercells is a One-stop-shop for high-density low-cost biomanufacturing "end-to-end" solutions

BiotechnologyHealth CareManufacturing
Series DOct 19, 2022
Amount Raised: $42,968,876
Magnax

Kortrijk, West-Vlaanderen, Belgium

Magnax develops axial flux electric motors with extreme power density for next-gen electric vehicles and aircraft

AerospaceAir TransportationAutomotiveElectric Vehicle
Series UnknownAug 23, 2022
Amount Raised: $19,933,204
EyeD Pharma

Liège, Liege, Belgium

EyeD Pharma is a pharmaceutical company dedicated to the development of innovative drug products in ophthalmology.

BiopharmaBiotechnologyPharmaceutical
Series UnknownDec 24, 2021
Amount Raised: $50,951,260
PDC*line Pharma

La Tronche, Rhone-Alpes, France

PDC*line Pharma develops a new class of active immunotherapies for cancer based on an allogeneic cell line of Plasmacytoid Dendritic cells.

BiotechnologyHealth CareTherapeutics
Series BDec 6, 2021
Amount Raised: $13,314,903
Qpinch

Antwerp, Antwerpen, Belgium

Qpinch makes steam from industrial waste heat

Clean EnergyEnergyEnergy EfficiencyRenewable Energy
Series BSep 9, 2021
Amount Raised: $16,552,474
Itsme

Brussels, Brussels Hoofdstedelijk Gewest, Belgium

Itsme is a secure mobile phone app that lets users log in safely to confirm their personal ID and share data during digital interactions.

Identity ManagementMobile AppsPrivacySecurity
Series UnknownJul 1, 2021
Amount Raised: $29,259,128
Imcyse

Liège, Liege, Belgium

Developing disease specific immune therapies to treat severe, chronic auto-immune, inflammatory, allergic, infectious diseases and tumors.

BiotechnologyPharmaceuticalTherapeutics
Series BFeb 17, 2021
Amount Raised: $25,659,559