A unicorn is a startup marked at USD 1 Billion or more. These are highly innovative and market disruptive startups. Belgium has more than 37.7K+ startups. Of these, 5 have become Unicorns, with the latest entrant to the club being Keyrock on Mar 31, 2026. In 2026, Belgium has seen 2 new unicorn startups (as of 11 November).
Globally, Belgium is number 24 in terms of total Unicorns created, behind Vietnam (7 unicorns) at rank 23 and Spain (8 unicorns) at rank 22. Brussels leads the list of cities in Belgium with most unicorns at 2. It is followed by Ghent (2 unicorns) and Louvain-la-neuve (1 unicorn). Among sectors, Enterprise Applications has seen the most unicorns created at 4, followed by Enterprise Infrastructure at 2, and High Tech at 1
Here is a list of all 5 unicorns created in Belgium:
5. Keyrock
Keyrock joined the Unicorn Club on Mar 31, 2026 after raising a $***** Series C funding round led by SC Ventures.

Provides tailored liquidity solutions for digital assets. They offer market making services across major exchanges, optimizing liquidity and providing fairer pricing. Their OTC trading solutions cater to various asset sizes and offer highly competitive quotes. An options desk provides customized structures for hedging, yield enhancement, and diversification. Treasury solutions help optimize treasuries using options to achieve financial goals. The firm also manages liquidity pools and develops ecosystems, including NFT liquidity. They support institutions and foundations in navigating the tokenized economy.
Key facts about Keyrock
- Founded Year: 2017
- Location: Brussels (Belgium)
- Stage: Series C
- Primary Sector: Cryptocurrencies
- Time to Unicorn: 9 years 2 months
- Top investors : MiddleGame Ventures, Volta Ventures
- Annual Revenue: €10M - €50M as on Jun 30, 2024
- Valuation: $*****
- Total Funding till date: $79.4M
- Employee Count: 224 as on Oct 31, 2026
- Latest Funding Round: Series C, Mar 31, 2026, $*****
4. Aikido
Aikido joined the Unicorn Club on Jan 14, 2026 after raising a $***** Series B funding round led by DST Global.

Platform offering cloud security software. It enables users to scan the source code and cloud to identify security vulnerabilities. It scans the cloud infrastructure to identify the misconfigurations in real time. The platform analyzes and monitors the codebase and infrastructure to identify and resolve security issues. It supports languages such as Python, Javascript, PHP, and more.
Key facts about Aikido
- Founded Year: 2022
- Location: Ghent (Belgium)
- Stage: Series B
- Primary Sector: Cybersecurity
- Time to Unicorn: 4 years
- Top investors : Inovia Capital, DST Global
- Valuation: $*****
- Total Funding till date: $84.5M
- Employee Count: 333 as on Sep 30, 2026
- Latest Funding Round: Series B, Jan 14, 2026, $*****
3. Deliverect
Deliverect joined the Unicorn Club on Jan 24, 2022 after raising a $***** Series D funding round led by Coatue, Alkeon Capital Management, valuing it at $*****.

Streamlining restaurant and retail operations with end-to-end digital ordering solutions. This is a SaaS platform that empowers businesses to scale faster and more profitably by simplifying every step of the ordering process. The AI-powered, API-first platform streamlines operations across delivery, dine-in, take-out, drive-thru, and catering. It acts as a central hub, consolidating order and menu management into one streamlined platform, providing access to sales, performance, and third-party delivery data. The platform offers solutions for third-party ordering, first-party ordering, in-store service, and retail, including integrations for POS systems, delivery platforms, online ordering, kiosk, fulfillment, and retail. It focuses on higher efficiency, conversion, and margins through features like revenue protection, direct-to-consumer sales, and optimized last-mile delivery. The platform offers features like central management hub, revenue protection, delivery manager app, end-to-end online ordering, delivery partners on demand, courier app, self-serve ordering, table ordering, catalogue management, and pick and pack orders.
Key facts about Deliverect
- Founded Year: 2018
- Location: Ghent (Belgium)
- Stage: Series D
- Primary Sector: Food Tech
- Time to Unicorn: 4 years
- Top investors : Redpoint Ventures, DST Global
- Annual Revenue: €10M - €50M as on Dec 31, 2024
- Valuation: $*****
- Total Funding till date: $332M
- Employee Count: 450 as on Sep 30, 2026
- Latest Funding Round: Series D, Jan 24, 2022, $*****
2. Odoo
Odoo joined the Unicorn Club on Jul 29, 2021

Provider of a comprehensive suite of integrated business management software applications. The platform offers a wide range of tools covering customer relationship management, e-commerce, accounting, inventory control, point of sale systems, and project management. Designed to simplify business operations, the software provides a unified interface that allows organizations to manage various functional areas through a single system. The solution is built on an open source model, offering flexibility and scalability for businesses seeking to streamline workflows and improve operational efficiency across multiple departments.
Key facts about Odoo
- Founded Year: 2005
- Location: Louvain-la-neuve (Belgium)
- Stage: Series B
- Primary Sector: Open Source and Enterprise Resource Planning
- Time to Unicorn: 16 years 6 months
- Top investors : CapitalG, Sofinnova Partners
- Annual Revenue: €500M - €1B as on Dec 31, 2025
- Valuation: $*****
- Total Funding till date: $14.2M
- Employee Count: 8,925 as on Sep 30, 2026
- Latest Funding Round: Series B, May 15, 2014, $*****
1. Collibra
Collibra joined the Unicorn Club on Jan 29, 2019 after raising a $***** Series E funding round led by CapitalG, valuing it at $*****.

Provider of a platform for data intelligence, governance, and AI management. The platform offers data cataloging, data governance, data lineage, and data quality monitoring. It facilitates data access policy definition and enforcement. The platform supports regulatory compliance, risk mitigation, and data product delivery. It enables data discovery, understanding, and access through business-led collaboration. The platform also provides AI governance capabilities.
Key facts about Collibra
- Founded Year: 2008
- Location: Brussels (Belgium)
- Stage: Series G
- Primary Sector: Business Intelligence, GRC Software, Enterprise Information Management, Big Data Analytics, AI Infrastructure and Artificial Intelligence
- Time to Unicorn: 11 years
- Top investors : CapitalG, Dawn Capital
- Annual Revenue: €100M - €500M as on Dec 31, 2024
- Valuation: $*****
- Total Funding till date: $596M
- Employee Count: 1,107 as on Sep 30, 2026
- Latest Funding Round: Series G, Nov 09, 2021, $*****