Fund profile / Belgium

Capricorn Health-tech Fund II

Geography: Belgium
Stage: Seed
Fund size: €51M
Focus: Digital Health, Enterprise Software and SaaS
Signals: Published

N°01 / About

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.

N°02 / Thesis

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

Quest for Growth: quoted + private blendwebsite

Sept 2026: €2.90/share, active tradingwebsite

Capricorn Digital, Cleantech, Health, Fusion fundswebsite

Green chem, circular economy, carbon-neutral focuswebsite

Personalized care, value-based health thesiswebsite

Sept 2026: €2.93/share, stable tradingwebsite

Contrarian Signals

Benelux-heavy, limits geographic diversityexternal

Quest for Growth share price lowexternal

Share price decline €3.05→€2.90 Aug-Sepwebsite

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

30 signals on Capricorn Health-tech Fund II

18 bullish · 3 contrarian · 5 pitch do's · 3 don'ts · 1 GP profile, each with its source. From €9/month, cancel anytime.

See a signal free View Plans Browse all Signal Profiles →

Facts

Fund Overview

Fund Size€51M

Saves0

Website

People

Key People

Filip Intelon

Capricorn PartnersFund Manager

N°04 / See also

Related Funds

Smartfin Capital III

Fund size$250M

Location: Belgium
Stage: Series A
Focus: Saas, Climate Sustainability, Ai Ml
Manager: Jürgen, Ngels, Bart Luyten

Series A

Saas

Climate Sustainability

Ai Ml

Syndicate One

Fund size€6.5M

Location: Belgium
Stage: Pre Seed
Focus: Saas
Manager: Investment Team

Pre Seed

Saas

Junction Energy Transition Fund I

Fund size€115M

Location: Belgium
Stage: Growth
Focus: Energy Tech, Infrastructure Tech, Climate Sustainability
Manager: Pieter-Jan Mermans, Bruno Vanderschueren, Dirk Dewals

Growth

Energy Tech

Infrastructure Tech

Climate Sustainability