Fortino Capital I

Fortino Capital I, established in 2016, is a Belgium-based venture capital fund managed by Fortino Capital Partners. The fund, founded in 2013, specializes in growth capital investments, focusing on early and mid-cycle business-to-business Software as a Service (SaaS) companies. Its primary investment sectors are software, communications, and networking, with a regional focus on Western Europe, particularly the Benelux countries. Fortino Capital I provides expansion capital and expertise to exceptional entrepreneurs, aiding in the development of growth-enabling SaaS platforms primarily designed for small and medium-sized enterprises (SMEs). Additionally, the fund supports companies aiming to reinvent their business models through best-in-class management practices and state-of-the-art technologies.

Niels Van Driessche

Investment Associate

Simon Duyver

Investment Manager

Wouter Goossens

Investment Director

Wouter Goossens

Investment Director

Marcel van der Heijden

Partner

Patrick Hermann

Investment Director

Baudouin Jolly

Venture Partner

Alexandra de Klerk

Investment Associate

Paul Quick

Investment Manager

Philippe Remy

Partner

Philipp Remy

Partner

Duco Sickinghe

Managing Partner and Executive Chairman

Toon Smets

Investment Director

Steven De Troyer

Partner

Matthias Vandepitte

Partner

Frank van Vliet

Operating Partner

Arnaud De Vos

Investment Director

Toon Smets

Investment Director

Past deals in Benelux

Cenosco

Venture Round in 2025
Cenosco B.V. specializes in developing integrity management software aimed at enhancing asset integrity across various industries, including construction, oil and gas, transportation, healthcare, and manufacturing. Founded in 2000 and headquartered in The Hague, the Netherlands, with additional offices in Croatia, Cenosco offers a range of cloud-based solutions. These include IMS PEI for managing the integrity of pressure and civil equipment, IMS RCM for optimizing preventive maintenance strategies, SIFpro for ensuring safety instrumented functions, IMS PLSS for pipeline integrity status, and IMS FLANGES for managing flanges. The company focuses on reducing risks and improving productivity for its clients through its innovative and user-friendly tools.

D2X Group

Series A in 2024
D2X Group is establishing a regulated cryptocurrency derivatives exchange based in the Netherlands, operating seven days a week. The exchange offers a range of cash-settled futures and options for Bitcoin and Ethereum, catering specifically to institutional investors. D2X Group employs a distinctive post-trade model that provides a capital-efficient alternative to central clearing, thereby enhancing the accessibility of digital assets for financial institutions. By adopting a regulatory-first approach, D2X aims to bridge the gap between traditional finance and the emerging digital asset market, helping institutions manage operational and regulatory risks while facilitating their entry into this evolving asset class. The company is supported by notable strategic investors, reflecting its commitment to fostering institutional adoption of cryptocurrency derivatives.

Salonkee

Series B in 2023
Salonkee S.A. is a Luxembourg-based company founded in 2016 that operates an online platform for booking salon appointments. This software development firm specializes in customer management and point-of-sale systems tailored for the hair and cosmetics sectors. Salonkee's platform offers features such as a digital calendar, automated appointment reminders via email and SMS, and tools for stock management. It enables users to easily search for services or salons and provides a streamlined process for editing and rescheduling appointments. By combining user-friendly design with automated features, Salonkee aims to enhance the overall experience of booking beauty services while supporting business development through comprehensive management statistics and marketing tools.

People Intouch

Acquisition in 2023
People Intouch was founded in 2004 in Amsterdam, the Netherlands. Since 2004, they have provided the most efficient, international, and trusted platform for reporting misconduct.

D2X Group

Seed Round in 2022
D2X Group is establishing a regulated cryptocurrency derivatives exchange based in the Netherlands, operating seven days a week. The exchange offers a range of cash-settled futures and options for Bitcoin and Ethereum, catering specifically to institutional investors. D2X Group employs a distinctive post-trade model that provides a capital-efficient alternative to central clearing, thereby enhancing the accessibility of digital assets for financial institutions. By adopting a regulatory-first approach, D2X aims to bridge the gap between traditional finance and the emerging digital asset market, helping institutions manage operational and regulatory risks while facilitating their entry into this evolving asset class. The company is supported by notable strategic investors, reflecting its commitment to fostering institutional adoption of cryptocurrency derivatives.

Salonkee

Series A in 2021
Salonkee S.A. is a Luxembourg-based company founded in 2016 that operates an online platform for booking salon appointments. This software development firm specializes in customer management and point-of-sale systems tailored for the hair and cosmetics sectors. Salonkee's platform offers features such as a digital calendar, automated appointment reminders via email and SMS, and tools for stock management. It enables users to easily search for services or salons and provides a streamlined process for editing and rescheduling appointments. By combining user-friendly design with automated features, Salonkee aims to enhance the overall experience of booking beauty services while supporting business development through comprehensive management statistics and marketing tools.

Kaizo

Seed Round in 2021
Kaizo is a performance management platform designed specifically for customer support teams, focusing on enhancing operational efficiency and employee engagement. Founded in 2018 and based in Amsterdam, the company utilizes gamification and artificial intelligence to improve performance metrics and boost team retention. Kaizo's software converts data into actionable insights, driving motivation and productivity among agents. It is fully integrated with Zendesk and is expected to extend its compatibility to other CRM tools in the future. By actively guiding employees towards their goals, Kaizo aims to foster a positive impact within organizations. Formerly known as Ticketless Operations B.V., the company rebranded to Kaizo in March 2020.

Cenosco

Seed Round in 2020
Cenosco B.V. specializes in developing integrity management software aimed at enhancing asset integrity across various industries, including construction, oil and gas, transportation, healthcare, and manufacturing. Founded in 2000 and headquartered in The Hague, the Netherlands, with additional offices in Croatia, Cenosco offers a range of cloud-based solutions. These include IMS PEI for managing the integrity of pressure and civil equipment, IMS RCM for optimizing preventive maintenance strategies, SIFpro for ensuring safety instrumented functions, IMS PLSS for pipeline integrity status, and IMS FLANGES for managing flanges. The company focuses on reducing risks and improving productivity for its clients through its innovative and user-friendly tools.

SupplyStack

Series A in 2019
SupplyStack, based in Antwerp, Belgium, provides a real-time visibility solution for monitoring transport orders, enabling effective collaboration and automating various logistical processes. The company offers a comprehensive platform that integrates a visibility solution with a transport management system, allowing users to track and manage logistics efficiently. SupplyStack serves a diverse range of industries, including automotive, industrial manufacturing, FMCG, chemicals, wholesale and distribution, pharmaceuticals, and food and beverage. Its software facilitates real-time monitoring and planning of transportation flows, helping logistics service providers and shippers enhance operational efficiency and reduce costs while improving overall service quality.

Teamleader

Series C in 2018
Teamleader, based in Belgium, is a software company that provides a comprehensive platform for project management and invoicing, aimed at helping entrepreneurs streamline their business operations. With over 7,000 paying customers, the company has experienced significant growth and is poised for further expansion. Teamleader's user-friendly interface, competitive pricing, and extensive integrations make it an appealing choice for businesses looking to manage their sales, project management, calendar, time tracking, invoicing, and ticketing in one place. By simplifying these essential functions, Teamleader enables clients to save time and focus on increasing their revenue.

Dobco Medical Systems

Venture Round in 2018
Dobco Medical Systems N.V., founded in 2011 and based in Sint-Niklaas, Belgium, specializes in web-based medical imaging solutions for the healthcare industry. The company offers innovative platforms such as PACSonWEB, which utilizes HTML5 technology for secure access to medical imaging, and RISonWEB, a radiology information system designed for nuclear medicine. Dobco Medical Systems aims to enhance the diagnostic imaging process by providing clear interfaces that facilitate the exchange of medical images and reports among patients and healthcare professionals. By leveraging cloud-native technology, the company addresses the challenges of medical imaging from a unique perspective, streamlining workflows and improving access to critical medical information across the continuum of care.

Bloomon

Series B in 2017
Bloomon B.V., founded in 2014 and headquartered in Amsterdam, Netherlands, operates an online retail platform specializing in flower delivery across Europe. The company emphasizes a direct-to-consumer model, sourcing flowers directly from growers to ensure quality. Bloomon offers a subscription service allowing customers to conveniently arrange their orders online, with the flexibility to pause, change, or cancel deliveries without any commitment. This approach enables users to create customized packaging with fresh flowers, enhancing their overall experience. Focused on client satisfaction and product quality, Bloomon prioritizes service over competition in the online flower market.

Teamleader

Series B in 2016
Teamleader, based in Belgium, is a software company that provides a comprehensive platform for project management and invoicing, aimed at helping entrepreneurs streamline their business operations. With over 7,000 paying customers, the company has experienced significant growth and is poised for further expansion. Teamleader's user-friendly interface, competitive pricing, and extensive integrations make it an appealing choice for businesses looking to manage their sales, project management, calendar, time tracking, invoicing, and ticketing in one place. By simplifying these essential functions, Teamleader enables clients to save time and focus on increasing their revenue.

SupplyStack

Seed Round in 2016
SupplyStack, based in Antwerp, Belgium, provides a real-time visibility solution for monitoring transport orders, enabling effective collaboration and automating various logistical processes. The company offers a comprehensive platform that integrates a visibility solution with a transport management system, allowing users to track and manage logistics efficiently. SupplyStack serves a diverse range of industries, including automotive, industrial manufacturing, FMCG, chemicals, wholesale and distribution, pharmaceuticals, and food and beverage. Its software facilitates real-time monitoring and planning of transportation flows, helping logistics service providers and shippers enhance operational efficiency and reduce costs while improving overall service quality.

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 is a Belgian company that specializes in providing a cloud-based platform for administrative and financial services. Founded in 2001 and headquartered in La Hulpe, it facilitates digital connections between businesses, suppliers, and customers across various sectors, including corporate, government, agriculture, and construction. The company offers a range of solutions, including document processing, identity verification, payment automation, and procurement services, aimed at simplifying and enhancing business operations. Its invoicing solutions help organizations transition to electronic invoicing while ensuring compliance with local tax regulations. Additionally, Unifiedpost Group provides flexible invoice financing options to help small and medium-sized enterprises access working capital when needed. Overall, the company's platform is designed to streamline financial transactions and improve operational efficiency for its clients.

TrendMiner

Series B in 2015
TrendMiner, established in 2008 and headquartered in Belgium with global offices, specializes in advanced industrial analytics. Its platform facilitates real-time monitoring and troubleshooting of industrial processes, empowering users to make data-driven decisions efficiently. The company offers robust data collection, analysis, and visualization, fostering innovation, optimization, and sustainable growth. TrendMiner partners with major industry players like Amazon, Microsoft, SAP, and Siemens, and integrates with various data historians.

Teamleader

Series A in 2015
Teamleader, based in Belgium, is a software company that provides a comprehensive platform for project management and invoicing, aimed at helping entrepreneurs streamline their business operations. With over 7,000 paying customers, the company has experienced significant growth and is poised for further expansion. Teamleader's user-friendly interface, competitive pricing, and extensive integrations make it an appealing choice for businesses looking to manage their sales, project management, calendar, time tracking, invoicing, and ticketing in one place. By simplifying these essential functions, Teamleader enables clients to save time and focus on increasing their revenue.

Teamleader

Seed Round in 2014
Teamleader, based in Belgium, is a software company that provides a comprehensive platform for project management and invoicing, aimed at helping entrepreneurs streamline their business operations. With over 7,000 paying customers, the company has experienced significant growth and is poised for further expansion. Teamleader's user-friendly interface, competitive pricing, and extensive integrations make it an appealing choice for businesses looking to manage their sales, project management, calendar, time tracking, invoicing, and ticketing in one place. By simplifying these essential functions, Teamleader enables clients to save time and focus on increasing their revenue.
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