Smartfin

SmartFin, established in 2014 and headquartered in Brussels, Belgium, is a private equity and venture capital firm focused on investing in exceptional B2B technology companies across Europe. The firm manages multiple funds, targeting various stages of growth and expansion, with investment sizes ranging from EUR 0.5 million to EUR 30 million. SmartFin's investment preferences span across information technology, fintech, business products and services, and other related sectors.

Thomas Depuydt

Managing Partner

Harry Haeck

Partner

Bart Luyten

Co-Founder and Managing Director

Jean-Baptiste Maenhout

Associate

Sébastien Thiel

CFO and Partner

Laura Guillaume

Principal

43 past transactions

Fimple

Series A in 2025
Fimple is a provider of a cloud-native core banking platform designed for banks and non-banking financial institutions. The company offers its services through a subscription-based and pay-as-you-go model, allowing clients to operate core banking systems without the need for significant hardware or software investments. Fimple's technology infrastructure adheres to open banking and global banking standards, enabling access via cloud systems or local data centers. This innovative approach supports newly established financial institutions in minimizing upfront costs and operational complexities. Fimple's platform allows financial institutions to adapt existing processes, develop new products and services, and integrate external systems from the Fimple Marketplace, enhancing their offerings to customers while facilitating rapid product development through user-friendly design tools.

emma

Series A in 2024
Emma is a cloud management platform designed to help businesses manage, optimize, and govern their cloud environments seamlessly. The platform offers capabilities for centralized visibility, automated workflows, and cost control, enabling users to efficiently oversee their resources across multiple cloud providers.

Timefold

Seed Round in 2024
Timefold is a company that specializes in PlanningAI solutions designed to address complex scheduling and routing challenges. Its platform enables users to create and manage schedules in real-time while adhering to operational constraints. By providing an open-source platform for planning optimization, Timefold aims to make scheduling more efficient and accessible to a wide range of users, including businesses, organizations, and individuals. The company focuses on enhancing planning efficiency through seamless API integration and scalable models, ultimately striving to eliminate wasteful scheduling and improve overall productivity.

CrazyGames

Venture Round in 2023
CrazyGames is a global platform specializing in browser-based games, allowing users to access and enjoy a wide array of free games instantly without the need for downloads or app installations. The company leverages advanced web technologies to deliver impressive 3D graphics and high performance, ensuring an engaging gaming experience. In addition to providing entertainment, CrazyGames offers monetization opportunities for game developers through advertising. They have also established a Developer Portal, streamlining the process for developers to publish their games on the platform. With provisions for multiple languages, CrazyGames enables a diverse user base to enjoy its offerings while enhancing developer revenue potential through ad placements.

Timefold

Seed Round in 2023
Timefold is a company that specializes in PlanningAI solutions designed to address complex scheduling and routing challenges. Its platform enables users to create and manage schedules in real-time while adhering to operational constraints. By providing an open-source platform for planning optimization, Timefold aims to make scheduling more efficient and accessible to a wide range of users, including businesses, organizations, and individuals. The company focuses on enhancing planning efficiency through seamless API integration and scalable models, ultimately striving to eliminate wasteful scheduling and improve overall productivity.

Luzmo

Series A in 2023
Luzmo is an embedded analytics platform specifically designed for SaaS companies. It transforms complex data into visually appealing and user-friendly dashboards that can be seamlessly integrated into any SaaS or web platform. By offering a straightforward solution, Luzmo enables product teams to incorporate valuable insights into their applications quickly, allowing users to transition from data analysis to informed decision-making in a matter of days. This capability not only enhances the user experience but also supports SaaS companies in navigating the competitive landscape by facilitating timely and effective decision-making.

Hex-Rays

Acquisition in 2022
Hex-Rays SA specializes in the development of advanced binary analysis tools and decompilers tailored for the IT security sector. Its flagship product, the Hex-Rays Decompiler plugin for IDA, significantly enhances the efficiency of IT security researchers engaged in analyzing real-world C and C++ binaries. The company also provides a range of services, including digital forensics, penetration testing, debugging, and software assessment, which cater to the needs of information technology security firms and government organizations. By focusing on these areas, Hex-Rays aims to empower IT security researchers, malware analysts, and software engineers to address critical challenges in their workflows and bolster overall digital security.

Happeo

Series B in 2022
Happeo is a digital workplace platform that enables organizations to streamline knowledge management and internal communication in a cohesive environment. The platform features a template-based page builder, allowing for easy customization and scalability to accommodate companies of various sizes. Happeo integrates seamlessly with existing company tools, facilitating universal search capabilities that enhance productivity. Prominent organizations, such as Doctolib, GANT, and Marqeta, utilize Happeo to keep their teams informed and aligned. The platform supports a range of functions, including calendar management, file sharing, conferencing, and project oversight, while also integrating with CRM and HR systems. By fostering engagement and enhancing the employee experience, Happeo is dedicated to helping organizations grow effectively.

Deliverect

Series D in 2022
Deliverect is a subscription-based service that streamlines online food ordering for restaurants by integrating various third-party platforms such as Uber Eats, Deliveroo, Glovo, and DoorDash into existing point-of-sale systems. The company's software automates the inbound order flow, allowing restaurants to manage online orders through a single interface, which reduces the need for staff to monitor multiple devices and manually enter orders. Additionally, Deliverect offers consolidated reporting and inventory management features, enhancing operational efficiency by facilitating menu uploads and the outbound flow of information. This comprehensive approach helps restaurants optimize their delivery services and improve overall business performance.

Timeseer.AI

Seed Round in 2022
Timeseer.AI is a technology company focused on enhancing the connected industry economy through reliable Industrial Internet of Things (IIoT) data. It has developed a low-code platform for time series data operations and observability, aimed at facilitating augmented analytics. By integrating machine learning and natural language processing, Timeseer.AI prepares time-series analytics that allow businesses to extract valuable insights and statistics from their data. The company is dedicated to increasing the power and value of data, treating it as a significant asset for its clients.

Recharge

Series B in 2021
Recharge is a Netherlands-based company specializing in online prepaid credit and top-up services. Operating from Amsterdam, it aims to simplify the traditionally slow and cumbersome process of online recharge, allowing consumers to quickly and securely acquire phone credit, prepaid credit, and gift cards. Through strategic partnerships with major brands, Recharge offers digital vouchers and manages a global network that facilitates easy access to these services. The company's mission is to become a leader in the online recharge market, making the process accessible anytime and anywhere for users worldwide.

Akinon

Venture Round in 2021
Akinon is a technology company specializing in cloud-based omnichannel applications for the retail industry. Founded in 2016 and headquartered in Istanbul, Turkey, with additional offices in London, Dubai, and Athens, Akinon offers a comprehensive suite of solutions tailored to meet the diverse needs of modern commerce. Its product lineup includes Akinon OMS, an order management system that streamlines eCommerce operations; the Akinon Instore App, which integrates inventories from physical stores and warehouses; Omnitron, a tool for advanced catalogue and product management; Akinon Commerce, an eCommerce platform designed for high conversion rates; and Akinon Native AppBuilder, enabling customization of new sales channels. Akinon’s platform supports B2C, B2B, D2C, and marketplace operations, providing businesses with the necessary tools to enhance customer experiences, optimize fulfillment, and drive revenue growth without the complications of legacy systems.

Betty Blocks

Venture Round in 2021
Betty Blocks is a provider of a cloud-based low-code application platform that empowers users, including citizen developers, to create and modify software applications without the need for manual programming. The platform allows organizations to innovate by enabling the development of complex, enterprise-grade applications through an intuitive interface and pre-built templates. This no-code approach supports a wide range of applications, from mobile apps to customer portals and back-office management systems. Designed to be user-friendly and scalable, Betty Blocks facilitates software development for individuals with varying levels of technical expertise, challenging conventional notions of capability in app development. With a commitment to innovation, the company fosters an environment where technology can be utilized to drive business growth and transformation.

Willow

Venture Round in 2021
Willow is the winning combination of smart technology and experienced experts. Our specialists define your strategy and coach you towards Social Media success. The Willow platform brings inspiration, efficiency & structure. Designed specifically for Professional Service Providers and Busy Entrepreneurs.

Deliverect

Series C in 2021
Deliverect is a subscription-based service that streamlines online food ordering for restaurants by integrating various third-party platforms such as Uber Eats, Deliveroo, Glovo, and DoorDash into existing point-of-sale systems. The company's software automates the inbound order flow, allowing restaurants to manage online orders through a single interface, which reduces the need for staff to monitor multiple devices and manually enter orders. Additionally, Deliverect offers consolidated reporting and inventory management features, enhancing operational efficiency by facilitating menu uploads and the outbound flow of information. This comprehensive approach helps restaurants optimize their delivery services and improve overall business performance.

Luzmo

Funding Round in 2020
Luzmo is an embedded analytics platform specifically designed for SaaS companies. It transforms complex data into visually appealing and user-friendly dashboards that can be seamlessly integrated into any SaaS or web platform. By offering a straightforward solution, Luzmo enables product teams to incorporate valuable insights into their applications quickly, allowing users to transition from data analysis to informed decision-making in a matter of days. This capability not only enhances the user experience but also supports SaaS companies in navigating the competitive landscape by facilitating timely and effective decision-making.

Zivver

Series B in 2020
Zivver is a digital communications platform focused on providing secure email and file transfer solutions designed to prevent data leaks. Its innovative platform offers a user-friendly experience while ensuring high levels of security through advanced encryption and targeted warnings. By facilitating secure communication for organizations and individuals, Zivver enhances awareness of risks associated with sensitive information, enabling users to email, chat, and share files in a safe environment. The company addresses the growing need for secure communication amidst rapid digital transformation and regulatory changes, positioning itself as a leader in modern secure communications.

MariaDB

Series C in 2020
MariaDB is a global, open-source database company that provides a new generation of database products. Its software reaches over a billion users worldwide through Linux distributions and has been downloaded over a billion times, serving diverse industries and use cases. MariaDB operates as a Software-as-a-Service (SaaS) company, generating maximum revenue from the Americas, with a presence also in EMEA and APAC. The MariaDB Foundation, an independent non-profit, ensures continuity and open collaboration in the MariaDB ecosystem, providing a global contact point for the community and guaranteeing the reliability of the MariaDB Server. The foundation is funded by corporate and individual sponsors and is managed by its board of directors.

Roamler

Series B in 2020
Roamler B.V. is a technology company based in Amsterdam, Netherlands, that offers a smartphone application allowing users to earn money by completing various location-based tasks. Founded in 2011, Roamler provides multiple products, including Roamler Retail, which captures real-time feedback on in-store conditions, Roamler Tech, which focuses on optimizing in-home installations, and Roamler Care, a solution aimed at supporting patients and caregivers through crowdsourcing. The company's platform enables brands to build a mobile workforce to gather insights about store conditions, product availability, promotions, and pricing. Roamler's services are utilized across a range of sectors, including fast-moving consumer goods, retail, telecommunications, and real estate. The company operates in several countries across Europe and has expanded its presence to North and South America, demonstrating its scalable IT architecture and ability to serve various industries effectively.

Silverfin

Series B in 2020
Silverfin is a cloud-based platform designed to enhance the efficiency and profitability of accounting services. By centralizing financial data from client systems into a secure Structured Data Hub, Silverfin enables accountants to streamline compliance processes. The platform standardizes and automates accounting workflows, significantly reducing the time required to complete tasks from days to hours. This digitization of traditional accounting practices not only improves accuracy but also empowers accountants and finance professionals to deliver high-quality advisory services. With a focus on increasing competitiveness, Silverfin is transforming the landscape of compliance and advisory accounting.

Deliverect

Series B in 2020
Deliverect is a subscription-based service that streamlines online food ordering for restaurants by integrating various third-party platforms such as Uber Eats, Deliveroo, Glovo, and DoorDash into existing point-of-sale systems. The company's software automates the inbound order flow, allowing restaurants to manage online orders through a single interface, which reduces the need for staff to monitor multiple devices and manually enter orders. Additionally, Deliverect offers consolidated reporting and inventory management features, enhancing operational efficiency by facilitating menu uploads and the outbound flow of information. This comprehensive approach helps restaurants optimize their delivery services and improve overall business performance.

Akinon

Venture Round in 2020
Akinon is a technology company specializing in cloud-based omnichannel applications for the retail industry. Founded in 2016 and headquartered in Istanbul, Turkey, with additional offices in London, Dubai, and Athens, Akinon offers a comprehensive suite of solutions tailored to meet the diverse needs of modern commerce. Its product lineup includes Akinon OMS, an order management system that streamlines eCommerce operations; the Akinon Instore App, which integrates inventories from physical stores and warehouses; Omnitron, a tool for advanced catalogue and product management; Akinon Commerce, an eCommerce platform designed for high conversion rates; and Akinon Native AppBuilder, enabling customization of new sales channels. Akinon’s platform supports B2C, B2B, D2C, and marketplace operations, providing businesses with the necessary tools to enhance customer experiences, optimize fulfillment, and drive revenue growth without the complications of legacy systems.

THEO Technologies

Series A in 2020
THEO Technologies specializes in universal video playback technologies designed to enhance the video viewing experience across various platforms and devices. The company provides a universal media player that simplifies the deployment of premium video playback experiences for media companies, particularly in the over-the-top (OTT) application space. By enabling online media enterprises to deliver a consistent video playback experience efficiently, THEO Technologies helps clients save time and resources while expanding their reach across different devices and platforms.

Deliverect

Series A in 2019
Deliverect is a subscription-based service that streamlines online food ordering for restaurants by integrating various third-party platforms such as Uber Eats, Deliveroo, Glovo, and DoorDash into existing point-of-sale systems. The company's software automates the inbound order flow, allowing restaurants to manage online orders through a single interface, which reduces the need for staff to monitor multiple devices and manually enter orders. Additionally, Deliverect offers consolidated reporting and inventory management features, enhancing operational efficiency by facilitating menu uploads and the outbound flow of information. This comprehensive approach helps restaurants optimize their delivery services and improve overall business performance.

The Glue

Series A in 2018
The Glue is a company that provides innovative solutions tailored for the financial industry, enabling institutions to rapidly develop customer-focused financial services. By overlaying existing legacy systems, The Glue delivers a non-disruptive platform that enhances and extends the utility of current infrastructure investments. The company specializes in transforming business concepts into operational bank-grade applications while also converting siloed data into actionable insights. Additionally, The Glue offers comprehensive partnerships that encompass the identification, design, development, and scaling of software and data solutions. Through bespoke platform development and expert technology consulting, The Glue assists clients in addressing their challenges and accelerating their digital transformation efforts.

Ngdata

Series C in 2017
NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Luzmo

Seed Round in 2017
Luzmo is an embedded analytics platform specifically designed for SaaS companies. It transforms complex data into visually appealing and user-friendly dashboards that can be seamlessly integrated into any SaaS or web platform. By offering a straightforward solution, Luzmo enables product teams to incorporate valuable insights into their applications quickly, allowing users to transition from data analysis to informed decision-making in a matter of days. This capability not only enhances the user experience but also supports SaaS companies in navigating the competitive landscape by facilitating timely and effective decision-making.

MariaDB

Series C in 2017
MariaDB is a global, open-source database company that provides a new generation of database products. Its software reaches over a billion users worldwide through Linux distributions and has been downloaded over a billion times, serving diverse industries and use cases. MariaDB operates as a Software-as-a-Service (SaaS) company, generating maximum revenue from the Americas, with a presence also in EMEA and APAC. The MariaDB Foundation, an independent non-profit, ensures continuity and open collaboration in the MariaDB ecosystem, providing a global contact point for the community and guaranteeing the reliability of the MariaDB Server. The foundation is funded by corporate and individual sponsors and is managed by its board of directors.

Newtec

Secondary Market in 2017
Newtec is a Belgian company established in 1985, specializing in the design, development, and manufacture of advanced satellite communication equipment. With over 30 years of experience, Newtec offers a diverse range of products including modems, satellite terminals, hubs, modulators, demodulators, redundancy switches, and receivers. These technologies serve various sectors such as broadcasting, government and defense, IP trunking, and consumer and enterprise VSAT. The company is committed to innovation, continuously exploring new possibilities to meet the evolving needs of its customers. Newtec operates multiple regional offices and research and development centers across the globe, including locations in the United States, Singapore, China, the UAE, Brazil, Germany, and France, ensuring a broad reach and the capacity to support its clientele effectively.

Ngdata

Series B in 2017
NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

MariaDB

Series B in 2016
MariaDB is a global, open-source database company that provides a new generation of database products. Its software reaches over a billion users worldwide through Linux distributions and has been downloaded over a billion times, serving diverse industries and use cases. MariaDB operates as a Software-as-a-Service (SaaS) company, generating maximum revenue from the Americas, with a presence also in EMEA and APAC. The MariaDB Foundation, an independent non-profit, ensures continuity and open collaboration in the MariaDB ecosystem, providing a global contact point for the community and guaranteeing the reliability of the MariaDB Server. The foundation is funded by corporate and individual sponsors and is managed by its board of directors.

Silverfin

Seed Round in 2016
Silverfin is a cloud-based platform designed to enhance the efficiency and profitability of accounting services. By centralizing financial data from client systems into a secure Structured Data Hub, Silverfin enables accountants to streamline compliance processes. The platform standardizes and automates accounting workflows, significantly reducing the time required to complete tasks from days to hours. This digitization of traditional accounting practices not only improves accuracy but also empowers accountants and finance professionals to deliver high-quality advisory services. With a focus on increasing competitiveness, Silverfin is transforming the landscape of compliance and advisory accounting.

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, 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.

Ngdata

Series B in 2015
NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Ancoa Software

Series A in 2015
Ancoa Software Ltd. is a financial software company based in London, United Kingdom, specializing in contextual surveillance and analytics solutions for exchanges, regulators, and buy- and sell-side firms. Founded in 2010, the company offers a comprehensive monitoring and surveillance platform designed to help firms manage regulatory, reputational, and operational risks across various markets, functions, and asset classes. Ancoa's solutions enhance market integrity by providing users with greater visibility into trading behavior. Key offerings include AlertView for investigating alerts on suspicious activity, MarketView for real-time market dashboards, TradeView for interactive visualization of trading information, and several other tools that facilitate order reconstruction, reporting, and data access. Ancoa’s technology assists firms in mitigating risks associated with insider trading, market manipulation, and other unethical trading practices. As of May 2017, Ancoa Software operates as a subsidiary of Cinnober Financial Technology AB.

Unifiedpost Group

Venture Round in 2015
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.

Ngdata

Funding Round in 2014
NGDATA, headquartered in Ghent, Belgium, specializes in consumer intelligence management solutions. The company offers a customer data platform that integrates big data management and machine learning technologies, providing real-time insights and enabling personalized customer experiences. NGDATA serves various industries, including finance, retail, and media, with offices in Belgium, France, Singapore, and the United States.

Divitel

Funding Round in 2014
Divitel is a multimedia company founded in 1997 and headquartered in Apeldoorn, the Netherlands. It specializes in providing independent solutions for the digital video market, focusing on the professional broadcast sector. The company operates as an independent video systems integrator, designing, building, maintaining, and monitoring comprehensive technical architectures for video ecosystems. Divitel offers a variety of support services, including consultancy, testing, certification, documentation, and training, as well as cloud-based managed technology services. Additionally, the company provides ongoing monitoring and maintenance services for its systems, ensuring optimal performance and reliability for its clients.

Ancoa Software

Private Equity Round in 2014
Ancoa Software Ltd. is a financial software company based in London, United Kingdom, specializing in contextual surveillance and analytics solutions for exchanges, regulators, and buy- and sell-side firms. Founded in 2010, the company offers a comprehensive monitoring and surveillance platform designed to help firms manage regulatory, reputational, and operational risks across various markets, functions, and asset classes. Ancoa's solutions enhance market integrity by providing users with greater visibility into trading behavior. Key offerings include AlertView for investigating alerts on suspicious activity, MarketView for real-time market dashboards, TradeView for interactive visualization of trading information, and several other tools that facilitate order reconstruction, reporting, and data access. Ancoa’s technology assists firms in mitigating risks associated with insider trading, market manipulation, and other unethical trading practices. As of May 2017, Ancoa Software operates as a subsidiary of Cinnober Financial Technology AB.

Auditstage

Auditstage is an AI based modular platform designed for auditors to collaborate with their clients.

Locatee

Locatee AG is a Zurich-based company that specializes in workplace analytics solutions aimed at optimizing office space utilization. Founded in 2014, Locatee provides an innovative analytics platform that measures office occupancy without the need for hardware, allowing for both temporary and permanent assessments of space usage. By processing data from various sources through its patented technology, Locatee transforms complex information into clear insights, enabling corporate leaders and managers to make informed decisions about their real estate. The platform visualizes occupancy data effectively, helping organizations identify opportunities for optimization, realize cost savings, and improve the overall workplace experience across their portfolios.
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