About Seeder Fund
Seeder Fund is a venture capital firm founded in 2016. It is primarily based out of Brussels, Belgium. As of Sep 2026, Seeder Fund is an active investor, having invested in 62 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in Belgium based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and Consumer. Most recently it participated in the $***** Seed round of NOX Energy Overall, Seeder Fund portfolio has seen 1 unicorn and 6 acquisitions including key companies like Keyrock, Cake and ProUnity. A lot of funds co-invest with Seeder Fund, with names like Be Angels sharing a substantial percentage of its portfolio. Seeder Fund has team of 3 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Seeder Fund's List of Top Investments
Seeder Fund has a portfolio of 62 companies, one of which is a Unicorn. Their most notable investments are in Ceeyu and MySkillCamp.Their portfolio spans across Belgium, Luxembourg, France and 5 more locations. They have invested in Enterprise Applications, HealthTech, Consumer and 20 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Seeder Fund:1. Keyrock
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)
- Annual Revenue: €10M - €50M as on Jun 30, 2024
- Stage: Series C
- Total Funding till date: $79.4M
- Employee Count: 225 as on Sep 30, 2026
- Investors: MiddleGame Ventures, Volta Ventures and 5 Others
- Latest Funding Round: Series C, Mar 31, 2026, $*****
- Highlight: Editors' Pick
2. NOX Energy
Platform that connects the energy market with manufacturers of renewable energy assets. It connects the energy market with manufacturers of renewable energy assets, facilitating the integration of clean energy sources and reducing emissions. The AI-enabled software manages at the device level, helping to balance the grid with precise control.
Key facts about NOX Energy
- Founded Year: 2024
- Location: New York City (United States)
- Stage: Seed
- Total Funding till date: $4.4M
- Employee Count: 14 as on Aug 31, 2026
- Investors: Volve, Rise PropTech Fund and 4 Others
- Latest Funding Round: Seed, Sep 30, 2026, $*****
3. Passbolt
Open source based password manager for teams. The password is encrypted before sharing or storing it on the pass bolt server. It provides a solution to manage and collaborate on passwords, accesses, and secrets. The passwords can be auto filled, auto saved, and generated within forms. The authentication is based on GPGAuth.
Key facts about Passbolt
- Founded Year: 2014
- Location: Luxembourg (Luxembourg)
- Stage: Series A
- Total Funding till date: $12.5M
- Employee Count: 41 as on Aug 31, 2026
- Investors: Airbridge Equity Partners, Angelsquare and 10 Others
- Latest Funding Round: Series A, Jan 23, 2025, $*****
- Highlight: Editors' Pick
4. Chift
API-based application development platform. It offers an API platform for multiple integrations, allowing clients to connect softwares to various tools. It offers solutions for accounting, invoicing, CRM management, POS management, and more. It also enables users to develop tools for accounting.
Key facts about Chift
- Founded Year: 2021
- Location: Brussels (Belgium)
- Stage: Series A
- Total Funding till date: $14.6M
- Employee Count: 43 as on Aug 31, 2026
- Investors: BlackFin, Wallonie Entreprendre and 9 Others
- Latest Funding Round: Series A, Sep 14, 2026, $*****
- Highlight: Editors' Pick
5. Keyrock
Provider of liquidity solutions for digital assets, including market making. It offers over-the-counter trading, options desk services, and treasury solutions. The company also provides liquidity pool management, ecosystem development, and NFT liquidity services. It supports institutions in navigating the tokenised economy by understanding their vision and technology.
Key facts about Keyrock
- Founded Year: 2017
- Location: Brussels (Belgium)
- Stage: Funding Raised
- Employee Count: 231 as on Mar 31, 2026
- Investors: Seeder Fund and Tenity
- Highlight: Editors' Pick
Seeder Fund's Year-on-Year Investment Trends
Seeder Fund has invested in 62 companies over the last 9 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 6 investments, while as of Sep 2026, it has made 7 investments in this year. Its most recent first time investment was in Visiblie and most recent follow-on round was in NOX Energy.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 3 | 7 |
2025 | 6 | 0 | 6 |
2024 | 5 | 0 | 5 |
2023 | 0 | 0 | 0 |
2022 | 3 | 1 | 4 |
2021 | 1 | 0 | 1 |
2020 | 2 | 3 | 5 |
2019 | 2 | 1 | 3 |
2018 | 7 | 0 | 7 |
2017 | 1 | 0 | 1 |
Seeder Fund's Investments by Stage
Seeder Fund has made 28 investments in Seed stage with an average round size of $1.34M, 2 investments in Series A stage with an average round size of $6.25M and 1 investment in Conventional Debt stage with an average round size of $124K.Stage of entry | No. of Investments |
|---|---|
Seed | 28 |
Series A | 2 |
Conventional Debt | 1 |
Note: We have considered here, only first round of investments
Seeder Fund's Investments by Sector
Seeder Fund has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Vertical SaaS, High Tech and Enterprise Infrastructure. Notably, it has invested in 56 Tech companies, 49 Enterprise (B2B) companies, 46 Software companies and at least 32 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 23 |
FinTech | 8 |
Vertical SaaS | 7 |
High Tech | 6 |
Enterprise Infrastructure | 5 |
Others | 30 |
Note: We have considered here, only first round of investments
Seeder Fund's Investments by Geography
Seeder Fund has made most investments in Belgium (23), followed by Luxembourg where it has made 3 investments.Country | No. of Investments |
|---|---|
Belgium | 23 |
Luxembourg | 3 |
France | 1 |
Netherlands | 1 |
Seychelles | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Seeder Fund's recent investments
Seeder Fund has made 7 investments in 2026 so far. NOX Energy and Chift are the latest among them.Here are the most recent investments by Seeder Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 30, 2026 | United States | Seed | 9852 | [+4] | |
Sep 14, 2026 | Belgium | Series A | 7944 | [+3] | |
Jul 02, 2026 | - | Seed | 7738 | [+1] | |
Jun 18, 2026 | Belgium | Seed | 5712 | [+6] | |
May 29, 2026 | Belgium | Series A | 5707 | [+2] |
Unicorns in Seeder Fund's Portfolio
Seeder Fund has 1 unicorn in its portfolio - Keyrock. The most recent unicorn in their portfolio is Keyrock which became a unicorn in 2026, 7 years after Seeder Fund first invested in it.Here is a list of unicorns in Seeder Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
68 | Provider of crypto and finance trading services | 2017 | Brussels | Series C | sicyh{h |
Acquired companies in Seeder Fund's Portfolio
6 companies from Seeder Fund's portfolio have been acquired. The most recent acquisition was Contractify in Jun 2024 by Axi for $*****.Here are Seeder Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 12, 2024 | - | - | 4943 | |
Nov 15, 2023 | Jan 14, 2022 | Seed | 2194 | |
Nov 02, 2022 | - | - | 7517 | |
Jul 14, 2022 | - | - | 4245 | |
Jul 02, 2022 | - | - | 2748 |
Team profile of Seeder Fund
Seeder Fund has a team of 3 members including 2 Partners located in Belgium. Seeder Fund's team does not sit on the board of any company as of now.Co-investors of Seeder Fund
Over the past 9 years, 127 investors have co-invested in Seeder Fund's portfolio companies. This includes funds and angels.
- Invested before Seeder Fund: Expon Capital, MCH Gestion and 7 others have invested in rounds before Seeder Fund. There is 1 company where Expon Capital has invested before Seeder Fund and 1 company where MCH Gestion has invested before Seeder Fund.
- Top Co-investors of Seeder Fund: 83 investors entered a company along with Seeder Fund. These include investors like Be Angels (3 companies).
- Invested after Seeder Fund: A total of 35 investors have invested in Seeder Fund's portfolio after their investments. Top Investors include MiddleGame Ventures (2 companies), SIX (1 company) and Ripple (1 company).
Recent News related to Seeder Fund
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Chift Secures €10.5M Series A Funding Led by BlackFin Capital Partners to Expand European Fintech PlatformThe SaaS News•Sep 14, 2026•Chift, BlackFin, Qonto, Pennylane and 4 others
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Visiblie Raises €500K Convertible Loan to Expand AI Search Visibility PlatformThe SaaS News•Jul 03, 2026•Seeder Fund, Be Angels
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Belgian AI Startup Adomate Raises €1.4 Million for International ExpansionStartup Rise EU•Jun 18, 2026•Rdy.vc, Adomate, Angelwise, Seeder Fund
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Borro Raises €1.3M to Expand Reusable Cup Deposit System Across EuropeStartup Rise EU•May 29, 2026•Borro, Seeder Fund
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Vectrix Secures €1.15M in Seed FundingStartup Rise EU•Mar 05, 2026•Vectrix, Prequel Ventures, Seeder Fund, PMV
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Legaltech Alice Secures €1M to Improve Legal WorkflowsStartup Rise EU•Jan 08, 2026•Alice, Seeder Fund, NewSchool
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Antwerp-based XFA raises €1.5 million to tackle this critical blind spot in modern workplace cybersecurityBebeez•Dec 12, 2025•XFA, Seeder Fund, Curiosity, Scale Fund and 1 other
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Monsana Receives €500K to Enhance Patient Enrollment in Clinical TrialsStartup Rise EU•Sep 23, 2025•Monsana, Seeder Fund
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Belgian-based ARK Capture Solution Secures Over €2.2 Million in Pre-Seed FundingStartup Rise EU•Mar 25, 2025•ARK Capture Solutions, Aperam, Seeder Fund, Climate Club and 5 others
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ARK Capture Solutions nets €2.2M for viable low-concentration emissions carbon captureTech Funding News•Mar 25, 2025•ARK Capture Solutions, Aperam, Seeder Fund, Climate Club and 5 others
