PMV
Oude Graanmarkt 63, Brussels, Brussels Capital, 1000, Belgium
Overview
PMV is a do and dare company that is shaping the future of the Flemish economy. It provides funding for promising companies' businesses, from the day they first open their doors, through their various growth stages and even on to operating internationally. Working with and for the government and other partners, PMV implements projects that are important for prosperity and well-being in Flanders. PMV is convinced that entrepreneurship is crucial for the development of a prosperous future for Flanders and everyone who lives there. It firmly believes that every promising enterprise project in Flanders needs to find funding – but also that every business needs to be profitable in order to be sustainable. Which is why PMV and the companies and projects in which it invests must be profitable in the end.
- Total investments
- 93
- Lead investments
- 15
- Investments · 12mo
- 10
- Active investors
- 8
Sector focus
- Asset Management
- Business Development
- Enterprise Software
- Financial Services
- Venture Capital
Investment portfolio
- Borro
Participated · Equity · May 2026
Founded in 2023 by Glenn Verhaege, Kasper Albers and Niels Willems, Borro has developed an intelligent deposit system for reusable cups that links each cup to a visitor's bank card and returns the deposit automatically at smart collection points. The system uses invisible codes readable by cameras rather than RFID, and the company emphasizes fraud prevention through unique payment-linked tracking and full traceability. Borro offers 24/7 live monitoring and analytics on return rates, stands, peak moments and system performance. It reports that millions of reusable cups have already been processed through its system and is active at Belgian football clubs including Club Brugge and KV Mechelen. The company joined PSG Labs at Station F and is preparing an implementation at Paris's Parc des Princes, while also seeing interest from concert venues, amusement parks and festivals. Borro aims to be the European reference for digital deposit systems as regulation and reuse initiatives spread across the event industry.
- Dropsolid AI
Participated · Equity · May 2026
Founded in July 2025 as a spin-off of Ghent-based Dropsolid, Dropsolid AI builds integrations that embed sovereign, transparent AI into websites, CRM systems, email, chatbots and mobile apps. Its platform can serve as a customer-service chatbot and as internal AI assistants for employees, while automatically updating website content and communication processes when product rules change. The company leverages the open-source Drupal content management system as a foundation for many integrations. Dropsolid AI reported roughly €1 million in revenue in the year prior to the capitalization round and employs seventeen people. The startup emphasizes data control and an exit scenario that lets clients retain their infrastructure and move platforms or vendors without difficulty. With the €2.5 million raised, Dropsolid AI intends to accelerate product development, commercial rollout and expansion into European markets including the Netherlands, Germany and France.
- Storm
Participated · Equity · Mar 2026
Storm develops and invests in large-scale battery storage projects to support grid flexibility and renewable integration. Its current program includes two projects: a 200 MW / 800 MWh battery park in Ruien being built on a former coal-fired power plant site, and a 100 MW / 400 MWh park in Langerlo at the port of Genk-Zuid. Both projects will use lithium-ion battery units supplied and installed by Tesla. Construction on both sites has started, with commissioning targeted for summer 2027 in Langerlo and autumn 2027 in Ruien. The company secured €330 million of capital for these developments with co-investment from I4B, PMV and TINC and project financing from a banking syndicate including Belfius, ING, KBC Bank, Rabobank, Santander, Societe Generale and Triodos Bank.
- Nexa Legal
Participated · Equity · Feb 2026
Based in Antwerp, Nexa Legal develops legaltech software that layers an intelligent AI system over a firm’s existing applications and data sources, automating the full litigation workflow from research to analysis, argumentation and brief-writing. Its flagship product, the Case Flow Wizard, enables lawyers to offload non-strategic, repetitive work so they can focus on legal strategy and client interaction. Founded in August 2025 by Jasper D’Hooghe and Sam Van Praet, the company already counts hundreds of individual lawyer users and dozens of prominent Belgian firms such as Lydian, Cazimir and Elegis as customers only six months after launch. Nexa works closely with clients to co-develop and fine-tune its AI assistants, emphasizing workflow depth and data privacy. With fresh capital, the startup plans to expand headcount, enhance its AI tools and accelerate growth in Belgium and the Netherlands. Architect of the AI solution Lode Kennes has joined as CTO and shareholder, further strengthening the technical team.
- XFA
Participated · Seed · Dec 2025
Founded in 2023 by CEO Lars Veelaert and CTO Dr. Gijs Van Laer, Antwerp-based XFA offers a privacy-first platform that instantly assesses the security posture of every device—managed or unmanaged—at the moment of login. The technology discovers hardware, guides end-users through required updates, and verifies compliance without installing invasive MDM software or holding prior knowledge of the device. XFA cites research showing that traditional tools miss roughly 60 % of work devices and that the average endpoint is 350 days behind on patches; its 15-minute enterprise deployment aims to close this gap within weeks. The solution integrates with automated compliance providers such as Vanta to simplify ISO 27001, SOC 2, and NIS2 evidence collection. Customers already span Europe, North America, and Asia, underscoring early international traction. With fresh capital, the team plans to extend the platform, incorporate advances in cryptography and AI, and reinforce its safety net for AI-native, hybrid workplaces.