Ark Angels Activator Fund

Ark Angels Activator Fund N.V. is a venture capital firm based in Hasselt, Belgium, that specializes in investing in early and mid-stage companies, particularly in the Flanders region. Established in 2012, the firm focuses on small and medium enterprises across various sectors, including surgical devices, health technology, and manufacturing. Ark Angels Activator Fund initially operated as a co-investor alongside business angels from BAN Vlaanderen but later expanded its collaborative efforts to include other capital providers. Although it ceased new investments in March 2017, the firm was recognized for its role in supporting young growth companies and those in transition phases, with a capital structure that included contributions from ING Belgium and other stakeholders.

Marc Mommaerts

Fund Manager

20 past transactions

Waylay

Series A in 2022
Waylay is a B2B software company that specializes in bridging the gap between operational technology (OT) and information technology (IT). It offers a range of products designed to facilitate digital transformation and enhance operational efficiency. Waylay IO provides low-code automation with no setup required, while Waylay Enterprise simplifies digital transformation for organizations. Additionally, Waylay Digital Twin is a composite application available on the Salesforce AppExchange. The platform aims to integrate various software applications and devices, enabling businesses to make informed decisions based on real-time data from connected equipment. With applications in sectors such as energy, logistics, and online retail, Waylay helps enterprises and small to medium-sized enterprises (SMEs) leverage data and analytical insights to improve operational processes and customer service.

Apicbase

Series A in 2021
Apicbase develops a cloud-based food management platform designed to optimize backend kitchen operations for food service businesses such as restaurants, dark kitchens, hotels, and catering services. The software employs big data and machine learning to streamline processes, including inventory management, cost control, and procurement. By focusing on significant food and beverage-related costs, Apicbase aims to save time and money while enhancing compliance with regulations related to allergens, HACCP, and Nutriscore. Additionally, the platform facilitates more efficient staff training and supports data-driven decision-making, ultimately helping businesses improve their performance and profitability.

Apicbase

Series A in 2019
Apicbase develops a cloud-based food management platform designed to optimize backend kitchen operations for food service businesses such as restaurants, dark kitchens, hotels, and catering services. The software employs big data and machine learning to streamline processes, including inventory management, cost control, and procurement. By focusing on significant food and beverage-related costs, Apicbase aims to save time and money while enhancing compliance with regulations related to allergens, HACCP, and Nutriscore. Additionally, the platform facilitates more efficient staff training and supports data-driven decision-making, ultimately helping businesses improve their performance and profitability.

PieSync

Venture Round in 2018
PieSync is a developer of a synchronization application that facilitates real-time contact syncing between various cloud applications. By enabling bidirectional synchronization, PieSync allows users to manage their contacts, emails, calendars, tasks, and documents seamlessly. The application operates in the background, ensuring that contacts are consistently updated across different platforms, which significantly enhances productivity for business users by integrating their favorite web applications.

VIRTEO NV

Series A in 2018
VIRTEO NV, founded in 2013 and based in Mechelen, Belgium, operates a SaaS platform designed for the recovery of unpaid invoices. The platform addresses both internal dunning and external debt collection processes, catering to a diverse clientele that includes corporations, small and medium-sized enterprises, public institutions, court bailiffs, and lawyers. By facilitating direct collaboration between credit managers and external partners such as lawyers and recovery agencies, VIRTEO enhances efficiency, transparency, and compliance in debt collection. The company aims to reconcile the often negative perception of the debt collection industry with socially responsible practices, enabling creditors to recover debts while adhering to ethical standards. Through its platform, VIRTEO empowers customers to monitor, control, and enforce their corporate social responsibility policies, ultimately improving recovery outcomes and reducing costs.

sympl

Seed Round in 2017
Sympl startup integrates chatbots and video to connect job seekers and companies.

Waylay

Seed Round in 2017
Waylay is a B2B software company that specializes in bridging the gap between operational technology (OT) and information technology (IT). It offers a range of products designed to facilitate digital transformation and enhance operational efficiency. Waylay IO provides low-code automation with no setup required, while Waylay Enterprise simplifies digital transformation for organizations. Additionally, Waylay Digital Twin is a composite application available on the Salesforce AppExchange. The platform aims to integrate various software applications and devices, enabling businesses to make informed decisions based on real-time data from connected equipment. With applications in sectors such as energy, logistics, and online retail, Waylay helps enterprises and small to medium-sized enterprises (SMEs) leverage data and analytical insights to improve operational processes and customer service.

VIRTEO NV

Venture Round in 2016
VIRTEO NV, founded in 2013 and based in Mechelen, Belgium, operates a SaaS platform designed for the recovery of unpaid invoices. The platform addresses both internal dunning and external debt collection processes, catering to a diverse clientele that includes corporations, small and medium-sized enterprises, public institutions, court bailiffs, and lawyers. By facilitating direct collaboration between credit managers and external partners such as lawyers and recovery agencies, VIRTEO enhances efficiency, transparency, and compliance in debt collection. The company aims to reconcile the often negative perception of the debt collection industry with socially responsible practices, enabling creditors to recover debts while adhering to ethical standards. Through its platform, VIRTEO empowers customers to monitor, control, and enforce their corporate social responsibility policies, ultimately improving recovery outcomes and reducing costs.

BeWell Innovations

Venture Round in 2016
BeWell Innovations is a fast-growing Belgian medtech company specializing in connected medical technology for tele-monitoring and patient self-testing. Originally founded in 2010, BeWell Innovations has earned a reputation as a solid partner in the Belgian healthcare environment.

PieSync

Venture Round in 2016
PieSync is a developer of a synchronization application that facilitates real-time contact syncing between various cloud applications. By enabling bidirectional synchronization, PieSync allows users to manage their contacts, emails, calendars, tasks, and documents seamlessly. The application operates in the background, ensuring that contacts are consistently updated across different platforms, which significantly enhances productivity for business users by integrating their favorite web applications.

Twikey

Venture Round in 2016
Twikey is a developer of e-mandate and direct debit payment software that enhances the payment experience for businesses using direct debits and other recurring payment methods. The company's offerings include digital electronic mandates, automated direct debit transactions, invoices with payment links, and application programming interfaces (APIs). Twikey's solutions are designed to integrate seamlessly with third-party CRM and ERP systems, complementing internal mandate management processes. By connecting with all European banks and payment service providers, Twikey enables companies to streamline their payment operations, reduce administrative burdens, and lower costs, ultimately facilitating more efficient payment transactions between businesses and their customers.

Laser Cladding Venture

Seed Round in 2015
Laser Cladding Venture offers the industry a complete service for surface treatment, repair and 3D. Laser Cladding Venture offers laser cladding as a service, but also provides support for the optimization of your product.

REstore

Venture Round in 2015
REstore is the award-winning energy technology company, specialized in Demand Side Management and leading the fast-growing European Primary Reserve / Frequency control market, and operates in all ancillary services and capacity markets in France, UK, Germany and Benelux. FlexPond™. REstore's AI-platform, is used by +150 of the largest C&I consumers and the largest top 50-utilities. FlexTreo™, offered to large C&I consumers, is REstore's latest solution to monetise flexibility.

TheraSolve

Series A in 2015
TheraSolve NV is a medical technology company dedicated to developing and commercializing innovative, user-friendly, and cost-effective solutions to promoting medication adherence. TheraSolve’s patented technology platform will motivate broad patient populations to take their medications as prescribed, and more generally, to perform any health-promoting activity in a timely fashion.

Santana International

Venture Round in 2014
Santana International owes its excellent reputation to a series strong trump cards, as a high-quality product with a very wide choice, its own installation service and tailor-made professional advice

Instrumen

Venture Round in 2013
Instrumen focuses on creating supportive and robotic medical technologies aimed at enhancing minimally invasive surgery (MIS). Their solutions are developed based on direct feedback from surgeons, ensuring that the tools are user-friendly and effective. Central to their innovation is the patented Adjustable Remote Center of Motion (ARCM) mechanism, which allows for the creation of modular passive and active surgery support systems. In 2013, Instrumen launched the VESALIUS Position Holder (VPH), a versatile instrument positioner that offers superior compactness, stability, and ease of use compared to existing products. The VPH improves surgical outcomes by providing more stable imaging and precise manipulation, thereby reducing the workload of assisting staff. In addition, Instrumen is advancing a generic robotic platform designed to support the development of sophisticated robotic medical systems, further enhancing the capabilities available to healthcare providers in the realm of minimally invasive procedures.

Step4media nv

Venture Round in 2013
Step4media has become more and more a specialist in the development and implementation of digital media concepts and communication.
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