Syndicate One Raises €22M Second Fund To Support Belgian Tech Founders

The new fund will be deployed through Syndicate One’s network of founders, investors, and operators. It will be managed by founder Laurens De Poorter, alongside founding members Arnaud Bakker and Robin Wauters.

Since its launch in early 2022, Syndicate One has invested in several Belgian early-stage startups, including Aikido Security, Techwolf, Conveo, Sirona Technologies, Donna, Warren, SAPI, Ravical, Cosmic Aerospace, Powernaut, Tekst, and Mindoo.

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Two of its early portfolio companies, Fundamental and Aikido Security, have since achieved unicorn status, reaching private valuations of over $1 billion.

Laurens De Poorter, founder of Syndicate One, said the new fund reflects the continued maturation and compounding momentum of the Belgian tech ecosystem:

What started as a tight-knit network of ambitious founders and operators has evolved into a powerful flywheel, where today’s founders become tomorrow’s backers. We are doubling down on exceptional Belgian entrepreneurs, wherever they are in the world, and on the ecosystem initiatives that help them scale faster, think bigger and build globally competitive companies from day one.

Syndicate One was the first Belgian investment firm supported by four public investment funds: PMV (Flanders), SFPIM (federal), Finance&Invest Brussels, and Wallonie Entreprendre.

Alongside earlier anchor investor Sofina and new institutional backers including Finhouse and COI, all previous institutional investors have recommitted to the new fund.

About Syndicate One

Syndicate One is a network-driven investment firm supporting Belgian startups with capital, expertise and connections. Backed by experienced founders and investors it helps early-stage companies scale and grow internationally.