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Flanders

State · Belgium · Pop. 6.7M · WithinWorldEMEAEuropeEuropean UnionBelgiumFlanders

Startup funnel

Flanders's startup funnel

Companies headquartered in Flanders at each stage today, by total VC raised. Hover or tap a bar for the split.

638
Startups
$100K–15M raised

203 pre-seed · 256 seed · 179 Series A

99
Breakouts
$15–100M raised

70 Series B · 29 Series C

14
Scaleups
$100M+ raised

10 Mega · 4 Mega+

10
Unicorns and/or $100M+ revenue

6 valued at $1B+ · 7 with $100M+ revenue · 3 both

Source: Dealroom.co

Quarterly report

Flanders's latest quarter in venture capital

Venture capital raised by Flanders-headquartered companies each quarter since 2020, split by round size, with detail on the latest complete quarter.

Latest complete quarter

 

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Enterprise value

How much Flanders’s VC-backed companies are worth

Combined enterprise value of VC-backed companies headquartered in Flanders, founded since 1990 and still operating, at the end of each year. Companies stay in the total after they list or are acquired.

VC investment

How much venture capital flows into Flanders

VC investment into Flanders-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.

Largest rounds

Largest funding rounds in Flanders

A live treemap of the largest VC rounds. Each cell is one round into Flanders-headquartered companies, grouped by Dealroom sector.

Largest rounds in Flanders - 2026

Every $15M+ VC round into Flanders-headquartered companies in 2026, grouped by Dealroom sector.
- rounds · - raised
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Academia

Flanders's academic flywheel

Companies founded by university alumni or spun out of research, plus the institutions producing the most founders tied to Flanders.

University-linked startup formation
476
University spinouts
1,501
Total alumni-founded companies
1,170
Of which startups (<$15M raised)
269
Breakouts ($15M-100M)
62
Scaleups ($100M+)
University ranking By alumni who went on to found startups
# University City Founders Companies
1 KU Leuven Leuven 1,649 1,689
Unlock the full university ranking for Flanders on Dealroom

Location comparison

How Flanders stacks up

Compare Flanders with peers from the same country (Belgium) — switch between combined EV, EV growth, and a growth × size view. Expand the table for the full ranking.

$181B
$112B
Flanders
$84.4B

Combined enterprise value of each ecosystem.

Get the full Flanders ecosystem on Dealroom

Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.