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The Venture Codex

LeanSquare

Rue Lambert Lombard, 3, Liège, 4000, Belgium

Overview

Investor and accelerator for new economy startups.

Founded

2014

Deals · 12mo

3

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Belgium
Ireland
The Netherlands
United Kingdom
...

Sector focus

Music
Software
Sustainability

Investment portfolio

19rounds
NAMEDATESIZE
Tickets for Good
Sep 2026Participated
$5 MOther Equity
neuroClues
Apr 2026Participated
$12 MSeries A
CityLegends
Oct 2025Participated
$2 MOther Equity
Model Health
Sep 2025Participated
$0.94 MSeed
e-peas
Mar 2024Participated
$19 MOther Equity
Raw Stadia
Dec 2023Participated
$2 MOther Equity
CityLegends
Nov 2023Participated
$1 MSeed
Streamforge
Sep 2023Participated
$1 MSeed
IONNYK
Jun 2023Participated
$2 MOther Equity
ClimateCamp
Nov 2022Participated
$0.72 MSeed
Zapfloor
Sep 2022Participated
$2 MSeries A
Musimap
Oct 2020Participated
$0.83 MOther Equity
Tickets for Good
Sep 2026Participated
$5 MOther Equity
neuroClues
Apr 2026Participated
$12 MSeries A
CityLegends
Oct 2025Participated
$2 MOther Equity
Model Health
Sep 2025Participated
$0.94 MSeed
e-peas
Mar 2024Participated
$19 MOther Equity
Raw Stadia
Dec 2023Participated
$2 MOther Equity
CityLegends
Nov 2023Participated
$1 MSeed
Streamforge
Sep 2023Participated
$1 MSeed
IONNYK
Jun 2023Participated
$2 MOther Equity
ClimateCamp
Nov 2022Participated
$0.72 MSeed
Zapfloor
Sep 2022Participated
$2 MSeries A
Musimap
Oct 2020Participated
$0.83 MOther Equity
19
Items
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Browse all public portfolio deals

Insights

Time horizon

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Deal Distribution

LeanSquare: 19 funding rounds are recorded in the selected participation categories.All available history.
LeanSquare: 19 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed14
Series A02
Other Equity111

Monthly Deal Activity

LeanSquare: 19 deals are recorded across 95 months.All available history.
LeanSquare: 19 deals are recorded across 95 months. All available history
MonthDeals
Dec '181
Jan '191
Feb '191
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '191
Oct '191
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '201
Aug '200
Sep '201
Oct '201
Nov '200
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '221
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '231
Oct '230
Nov '231
Dec '231
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '251
Oct '251
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '261
May '260
Jun '260
Jul '260
Aug '260
Sep '261
Oct '260

Sector Breakdown

LeanSquare: Media & Entertainment is the largest displayed sector by deal count (6 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

LeanSquare: Media & Entertainment is the largest displayed sector by deal count (6 deals). All available history
SectorDeals
Media & Entertainment6
Consumer & Lifestyle5
Clean Energy & Sustainability4
Social & Community Platforms4
Space & Frontier Tech3
Networks, Cloud & Communication3
Education & Workforce2
Data, Analytics & IT2
Hardware & Robotics2
Professional Services2
Travel & Hospitality1
Transportation & Logistics1
Marketing & Advertising1
Fintech1
Health & Life Sciences1
AI & Machine Learning1
Gaming & eSports1

Deal Size Distribution

LeanSquare: 19 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

LeanSquare: 19 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M15
$5M-$10M2
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

LeanSquare: Europe has the largest recorded deal count among the displayed regions (16 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

LeanSquare: Europe has the largest recorded deal count among the displayed regions (16 deals). All available history
RegionDeals
Europe16
United States3
LeanSquare: 20 co-investors are shown, with Wallonie Entreprendre sharing 3 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

LeanSquare: 20 co-investors are shown, with Wallonie Entreprendre sharing 3 recorded deals. All available history
Co-investorShared deals
Wallonie Entreprendre3
Be Angels2
Dutch Sport Tech Fund2
EIC Fund2
imec.istart2
Invest.BW2
KBC2
LUMO Labs2
Noshaq2
Airborn1
Airbus Ventures1
Apex Capital1
DDM Debt1
Deparco1
Digital Attraxion1
EASI1
Finance Yorkshire1
GFR Fund1
HOCCINVEST1
Kima Ventures1

Investment Strategy

LeanSquare: Led accounts for 11% and participating for 89% of round participation.All available history.
LeanSquare: Led accounts for 11% and participating for 89% of round participation. All available history
CategoryDeals (count)Share (%)
Led211%
Participating1789%
LeanSquare: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
LeanSquare: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

Ben PIQUARD

Executive Advisor

Gérôme Vanherf

Venture partner