🇧🇪 State of Belgian Tech Report 2024

The maturation of Belgium's tech ecosystem.

This report via Syndicate One | Bain & Company | Sofina highlights the maturation of Belgium's tech ecosystem. In the first half of 2024, Belgian startups secured nearly €500 million in funding, surpassing the €424 million raised in all of 2023.

This growth is driven by significant investments in artificialintelligence, accounting for over 70% of capital invested during this period.

The report also notes a tripling of average deal sizes at seed and SeriesB stages in recent years. However, challenges persist, including talent shortages and complex Employee Stock Ownership Plan (ESOP) regulations, which hinder the attraction of experienced international professionals. Addressing these issues is crucial for sustaining and accelerating the ecosystem's growth.

Author

AiUTOMATING PEOPLE, ABN ASIA was founded by people with deep roots in academia, with work experience in the US, Holland, Hungary, Japan, South Korea, Singapore, and Vietnam. ABN Asia is where academia and technology meet opportunity. With our cutting-edge solutions and competent software development services, we're helping businesses level up and take on the global scene. Our commitment: Faster. Better. More reliable. In most cases: Cheaper as well.

Feel free to reach out to us whenever you require IT services, digital consulting, off-the-shelf software solutions, or if you'd like to send us requests for proposals (RFPs). You can contact us at contact@abnasia.org. We're ready to assist you with all your technology needs.

© ABN ASIA