Fortino Capital

Fortino Capital is a Belgium-based venture capital and growth equity firm that provides expansion capital and strategic support to technology companies across Europe, with a focus on Western Europe and the Benelux region. It backs B2B SaaS and software firms, as well as media and high-end product manufacturing, helping SMEs build brands, sharpen go-to-market strategies, and scale internationally. The firm seeks companies that can reinvent their business models through best-in-class management practices and state-of-the-art technologies.

Steven De Troyer

Partner

Arnaud De Vos

Investment Director

Simon Duyver

Investment Manager

Wouter Goossens

Investment Director

Wouter Goossens

Investment Director

Baudouin Jolly

Venture Partner

Paul Quick

Investment Manager

Philippe Remy

Partner

Philipp Remy

Partner

Duco Sickinghe

Managing Partner and Executive Chairman

Toon Smets

Investment Director

Toon Smets

Investment Director

Niels Van Driessche

Investment Associate

Filip Van Innis

Investor

Matthias Vandepitte

Partner

Alexandra de Klerk

Investment Associate

Frank van Vliet

Operating Partner

Marcel van der Heijden

Partner

Past deals in Belgium

SupplyStack

Series A in 2019
SupplyStack is a Belgium-based provider of transport management software that offers real-time visibility into transport orders and connects shippers with logistics service providers. The platform enables monitoring, planning and control of transportation flows from a single cloud solution, combining visibility with a transport management system to automate workflows, improve collaboration and reduce costs. It serves industries such as automotive, manufacturing, FMCG, chemical, wholesale and distribution, paper and packaging, building materials, pharmaceutical and healthcare, high tech and food and beverage. By providing real-time monitoring and carrier performance reporting, SupplyStack helps users select carriers, optimize routes and enhance the logistics service experience for customers. The company is headquartered in Antwerp, Belgium.

Teamleader

Series C in 2018
Teamleader, based in Belgium, is a software company specializing in project management and invoicing solutions for businesses. The company offers a platform that integrates sales, project management, calendar and time tracking, invoicing, and ticketing functionalities, aimed at simplifying daily operations for entrepreneurs. With a user-friendly interface and competitive pricing, Teamleader currently serves over 7,000 paying customers and has experienced significant growth, positioning itself for further expansion. Its comprehensive approach allows clients to streamline their processes, save time, and enhance revenue generation.

Dobco Medical Systems

Venture Round in 2018
Dobco Medical Systems N.V., founded in 2011 and based in Sint-Niklaas, Belgium, is a software company specializing in web-based medical imaging solutions. The company develops innovative platforms such as PACSonWEB and RISonWEB, which utilize HTML5 technology to enhance the accessibility and efficiency of medical imaging processes. Dobco Medical Systems aims to streamline diagnostic imaging by providing secure and convenient access to medical information for both healthcare professionals and patients. Their solutions facilitate the exchange of medical images and reports, addressing the challenges faced in the medical imaging industry while ensuring clarity and ease of use across various workflows and scenarios.

AproPLAN

Series A in 2017
AproPLAN S.A., founded in 2012 and headquartered in Brussels, Belgium, is a developer of construction and renovation management software. The company offers a collaborative application tailored for architects, contractors, engineers, and subcontractors, accessible on mobile devices and desktops. AproPLAN addresses the complexities of the construction industry, which often experiences high error rates due to frequent changes in plans and the involvement of multiple stakeholders. By centralizing all project plans, drawings, and documents in one platform, AproPLAN enhances communication and coordination among team members. The application significantly reduces administrative burdens, allowing users to replace traditional pen-and-paper methods during site visits. This streamlined approach facilitates real-time collaboration and task management, ultimately empowering construction project managers to maintain oversight and meet deadlines effectively. In 2019, AproPLAN was acquired by GenieBelt ApS, further expanding its impact in the construction sector.

Teamleader

Series B in 2016
Teamleader, based in Belgium, is a software company specializing in project management and invoicing solutions for businesses. The company offers a platform that integrates sales, project management, calendar and time tracking, invoicing, and ticketing functionalities, aimed at simplifying daily operations for entrepreneurs. With a user-friendly interface and competitive pricing, Teamleader currently serves over 7,000 paying customers and has experienced significant growth, positioning itself for further expansion. Its comprehensive approach allows clients to streamline their processes, save time, and enhance revenue generation.

SupplyStack

Seed Round in 2016
SupplyStack is a Belgium-based provider of transport management software that offers real-time visibility into transport orders and connects shippers with logistics service providers. The platform enables monitoring, planning and control of transportation flows from a single cloud solution, combining visibility with a transport management system to automate workflows, improve collaboration and reduce costs. It serves industries such as automotive, manufacturing, FMCG, chemical, wholesale and distribution, paper and packaging, building materials, pharmaceutical and healthcare, high tech and food and beverage. By providing real-time monitoring and carrier performance reporting, SupplyStack helps users select carriers, optimize routes and enhance the logistics service experience for customers. The company is headquartered in Antwerp, Belgium.

Riaktr (formely Real Impact Analytics)

Series A in 2016
Riaktr is a Belgian scale-up founded in 2009 and backed by first class investors (Fortino, Endeit, GIMV). We started as a service company under the name ‘Real Impact Analytics’. At the time, Big Data was the new big thing, driving important corporate investments. Yet, too often such investments were not yielding the desired returns. Since day one, we pursue a clear mission: leverage the value of telecom data. We do this by starting from the field to build user-centric frameworks driving results. We resist the ‘black box’ principle by putting data at the service of human intelligence and bringing teams together under a collaborative approach. Our brand Riaktr, adopted in 2018, symbolizes our pivot from a services business to a product company. Today our software products address two major questions faced by telcos: - How can I optimize my network CAPEX investments? - How can I optimize my Sales & Distribution operations? Behind the scenes, we are a team of computer scientists, engineers and business consultants based in the heart of Brussels, with a local presence close to our clients in South-Africa and Brazil. We have worked in many countries in Africa, Latin America, the Caribbean and Europe. We work with six of the ten biggest telecom groups to revolutionize the telecom and Consumer Goods industries.

UnifiedPost Group

Series A in 2016
UnifiedPost Group operates a cloud-based platform for administrative and financial services in Belgium, connecting customers, suppliers and other participants in the financial value chain. It provides document, identity, payment, procurement and financing solutions to corporate, government, SMEs, and sectors including agriculture, accounting, interim and construction. The platform supports electronic invoicing and tax compliance, digital payments and procurement automation, and offers invoice financing to unlock working capital. Founded in 2001 and headquartered in La Hulpe, Belgium.

TrendMiner

Series B in 2015
TrendMiner, established in 2008, is a leading provider of advanced industrial analytics software. Headquartered in Belgium with offices in the U.S., Germany, Spain, and the Netherlands, the company offers a fast, powerful, and intuitive platform for real-time monitoring and troubleshooting of industrial processes. TrendMiner's platform enables data-driven decision-making by providing robust data collection, analysis, and visualization. It partners with major industry players like Amazon, Microsoft, SAP, and Siemens, and integrates with various data historians. The company's self-service analytics platform uses pattern recognition and machine learning to help clients optimize process performance and drive operational intelligence.

Teamleader

Series A in 2015
Teamleader, based in Belgium, is a software company specializing in project management and invoicing solutions for businesses. The company offers a platform that integrates sales, project management, calendar and time tracking, invoicing, and ticketing functionalities, aimed at simplifying daily operations for entrepreneurs. With a user-friendly interface and competitive pricing, Teamleader currently serves over 7,000 paying customers and has experienced significant growth, positioning itself for further expansion. Its comprehensive approach allows clients to streamline their processes, save time, and enhance revenue generation.

Teamleader

Seed Round in 2014
Teamleader, based in Belgium, is a software company specializing in project management and invoicing solutions for businesses. The company offers a platform that integrates sales, project management, calendar and time tracking, invoicing, and ticketing functionalities, aimed at simplifying daily operations for entrepreneurs. With a user-friendly interface and competitive pricing, Teamleader currently serves over 7,000 paying customers and has experienced significant growth, positioning itself for further expansion. Its comprehensive approach allows clients to streamline their processes, save time, and enhance revenue generation.
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