Capricorn Health-tech Fund II

Belgium
Seed
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About Capricorn Health-tech Fund II

Capricorn Health-tech Fund II is a venture capital firm based in Belgium, focusing on Seed stage investments. The fund actively supports founders building innovative solutions in Digital Health, Enterprise Software, SaaS, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionBelgium
Funding StageSeed
Industry Focus
Digital Health
Enterprise Software
Saas

Investor Signals Profile

active

Sweet Spot

European deep-tech founder in digital, health, or cleantech

Digital Tech
Cleantech
HealthTech
Benelux Focus
SME Growth Capital

Bullish Signals

300M€ AUM, 4 active fundsexternal
30+ years VC experienceexternal
Recent deals: AI, healthtech, cleantechexternal
Co-leads rounds with top EU VCsexternal
20 experts on teamwebsite
Active deal flow Q1/Q2 2026website
Agentic AI & green chem deals livewebsite
Recent wins: Trillium, Rocsys, Conxai, ZoZiowebsite
Strong portfolio: robotics, biotech, cleantechwebsite
Jul 2026: €20M Endo Tools round co-leadwebsite
May 2026: Trillium bio-acrylonitrile demo plantwebsite
Recent: Gradyent, StoryChief, Thryve, icometrixwebsite

Contrarian Signals

Benelux-heavy, limits geographic diversityexternal
Quest for Growth share price lowexternal
Quest for Growth €3.05/share (Aug 2026)website

Founder Do's

Use technology as core competitive advantage
Operate in digital, health, or clean tech
Based in Europe, ideally Benelux
Show measurable positive impact
Target scalable international growth

Founder Don'ts

Non-tech business models
Outside Europe focus
No clear impact angle

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Fund Overview

Fund Size€51M
Saves0

Key People

Filip Intelon

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