Looking back at 2020. Welcome 2021
It is pointless to state that 2020 was a special year. It will always be remembered as a year with a lot of restrictions and cancelations caused by the Covid-19 pandemic. However, within Belgian Growth Fund, 2020 will also be remembered as a year with plenty of opportunities and new investments.
Another two fund investments were closed during the year: i.e. Gilde Healthcare V (EUR 15 million) and Forbion Growth Opportunities I (EUR 20 million). This brings the Belgian Growth Fund portfolio to five fund investments. Our investee funds detected new opportunities and investments. During 2020, Belgian Growth Fund indirectly made an impact on the growth trajectory of 8 Belgian companies.
Supporting Belgian growth
Via its participation in Fortino Capital II, Belgian Growth Fund indirectly facilitated the growth of the corporate performance management software provider Sigma Conso and Brussels-based expense management company MobileXpense. This was also the case with investments in the video-technology specialist Theo Technologies and the market research technology & service provider Eyesee, due to the commitment of Belgian Growth Fund in Smartfin Capital II. Sofindev V closed even 4 Belgian deals during 2020, with investments in the IT service provider Christiaens, broadcast management software developer MediaGenix, timber trader Vanrobaeys and fire protection specialist Altebra.
Belgian Growth Fund is proud of these investments and is looking forward to welcome more Belgian deals in the future.