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The Venture Codex

Ark Angels

Hendrik Van Veldekesingel 150 bus 7, Hasselt, Limburg, 3500, Belgium

Overview

Ark Angels Activator Fund SA is a closed venture capital fund (closed-end private equity investment fund) with a capital of 14.8 M EUR. The Fund is recognized as ARKIV and has obtained the status of Private Privak under Belgian law. The Fund is managed by a management company set up by BAN Vlaanderen VZW, ING Belgium & the two fund managers. The Fund initially acted primarily as a co-investor in investments made by business angels who are members of BAN Vlaanderen, but then also co-invested with other capital providers. It focuses not only on investments in young growth companies, but also on companies in the growth or transfer phase with an operating office in Flanders,

Total investments
6
Lead investments
2
Investments · 12mo
0
Active investors
3
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Investment portfolio

  • Accelleran

    Participated · Series B · May 2021

    Accelleran provides OpenRAN software, solutions and services for 4G and 5G RAN and vRAN. Its software architecture enables clients to maximize software-defined networks, network virtualization and RAN intelligence. The company’s offerings support management of private, public and neutral-host networks. Its products are used across multiple markets including Private Networks, Fixed Wireless, Public Mobile, Neutral Host and IoT. Founded in 2013 by Frederic van Durme (CEO), Accelleran is based in Antwerp, Belgium. The company recently raised €6.8M in a Series B financing and intends to use the funds to accelerate its global expansion. Accelleran develops platform-independent small cell LTE software and design solutions for TD-LTE deployments across metro outdoor to residential indoor use cases. Founded in early 2013, the company is led by industry veterans with an average of more than 20 years’ experience in small cell development. Accelleran emphasizes highly reliable, carrier-grade products and volume product supply enabled by close relationships with world-class manufacturers. Its technology targets cost-competitive, flexible deployment models to address growing TD-LTE market demand. The company plans to use new funding to boost business and product development and to accelerate ramp-up into key target markets.

  • PieSync

    Participated · Equity · Mar 2018

    PieSync is a cloud-based intelligent synchronization platform that helps multinationals and SMEs manage contact information. It provides two-way, real-time synchronization of contact data across more than 100 SaaS applications, including Google Contacts, HubSpot, Marketo, Salesforce, Teamleader and accounting programs. The platform automatically detects possible conflicts in contact data and matches and deduplicates records. Founded in 2014 in Ghent, Belgium by Ewout Meyns and Mattias Putman, PieSync serves both large enterprises and smaller businesses. The company raised €2.8m ($3.5m) and plans to use the funds to expand commercially through increased sales and marketing and by strengthening its management team. The funding round underscores its focus on scaling commercial operations and product reach. PieSync offers a platform that connects many cloud applications and performs two-way contact synchronization to prevent data corruption, duplicates, and overwrites. The company supports syncing with 16 apps including Podio, Pipedrive, Mailchimp, Google Contacts, Nimble, OnePageCRM, and Salesforce, and says it adds more apps each month. PieSync says its technology allows it to add a new integration in a day or two, enabling disparate SaaS offerings to communicate. Its typical customers are teams that use multiple cloud applications and need to keep contact data synchronized between sales platforms, marketing tools, and personal email. The startup charges a monthly subscription for the service and positions itself as solving a broader syncing problem than single-point integrations offered by many SaaS vendors.

  • Sympl

    Participated · Equity · Jun 2017

    Sympl is a Belgian recruitment startup that combines chatbots, data analysis and video interviews to match job seekers with companies. Candidates answer questions via a chatbot and their profiles are updated based on analysis of their responses. Job seekers then complete a simulated video interview, giving employers more information than a traditional CV. The platform emphasizes richer candidate signals through conversational inputs and recorded interviews. Sympl has raised new capital to support growth and product development. The company plans to expand its team and further develop its chatbot with artificial intelligence and language-recognition features.

  • waylay

    Led · Equity · Jan 2017

    Waylay is a Ghent-based hyper-automation platform that helps enterprises manage complex digital-transformation automation and offers an alternative to large bespoke software builds. The company aims to help customers achieve dramatically improved ROI from digital-transformation investments and to simplify software integration complexity. Waylay positions its product as a way to reverse the tide of big software projects by providing a compelling systems-integration alternative. The startup will use the new funding to grow its team, accelerate product development, and expand its customer base across North America, Europe and Asia. The funding amount has not been disclosed, but the round signals continued investor support for Waylay's go-to-market and product plans. Waylay is a Ghent, Belgium-based platform that connects IoT applications with enterprise IT systems and cloud services. Co-founded in 2014 by Piet Vandaele and Veselin Pizurica, the company has developed an orchestration service enabling businesses to make decisions based on real-time sensor information via automation and notifications. The platform targets use cases across energy, logistics, online retail and smart city projects. Customers include Conrad Electronic SE, CIM Environmental Group, Proximus, the city of Ghent and several utilities. The company raised €1.2M and intends to use the funds to expand sales and marketing and pursue further growth.

  • Virteo NV

    Participated · Series A · Dec 2016

    Virteo offers an online platform to simplify and automate recovery of unpaid invoices, centralizing communication and automating assignment of attorneys and bailiffs. The company says the product addresses Belgium’s late-payment problem—about half of invoices are late and up to 3% are never paid. Virteo plans to use the new funds to accelerate commercialization in Belgium and to expand internationally. The startup recently hired four employees, bringing its headcount to 17. The company positions its software as a way to reduce labor-intensive follow-up and intermediaries for businesses with large invoice volumes. CEO Charles Vander Heyden described the product as making the recovery process simpler and more transparent.

Team