Syndicate One has closed a €22M first close of its second fund to support early-stage Belgian tech founders.

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Brussels-based Syndicate One has closed a €22M first close of its second early-stage tech fund, a significant jump from its first fund which closed at €6.5M in late 2024. The fund is backed by over 120 founders and ecosystem figures, including alumni from Aikido Security, Collibra, and Qover, as well as institutional investors like Sofina and four Belgian public investment vehicles. The firm differentiates itself by combining capital with operational support, including ecosystem reports, a standardized convertible financing tool, workshops, and community events. The fund was already oversubscribed, signaling growing investor confidence in Belgium's maturing tech ecosystem.

A new early-stage fund: Syndicate One raises €22M for Belgium’s startups