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Fund profile / Belgium

HERAN HealthTech Fund II

Geography
Belgium
Stage
Seed
Fund size
€90M
Focus
AI/ML, Biotech, Digital Health and MedTech
Signals
Published
Share
N°01 / About

About HERAN HealthTech Fund II

Antwerp-based HERAN Partners closed €90M for its second healthtech fund. Anchored by €20M from EIF and €10M from PMV. Fund I delivered >30% IRR with exits including icometrix (acquired by GE HealthCare).

N°02 / Thesis

Investment Focus

Location / RegionBelgium
Funding StageSeed
Industry Focus
AI/ML
Biotech
Digital Health
MedTech

Investor Signals Profile

active

Sweet Spot

Tough, intelligent HealthTech founder with bold science

HealthTech
Life Sciences
Drug Discovery
Women's Health
Diagnostics
Microfluidics
Biologics
AI/ML Healthcare
Surgical Tech

Bullish Signals

Fund II: 2 deals already closedexternal
Led €6M round for Pharmaceleraexternal
Belgium-based, invests UK/ES/BEexternal
Active investor with network & mentorshipexternal
Fluidic Sciences (UK): microfluidics biologics discoverywebsite
Portfolio spans UK, ES, BEwebsite
Hypervision Surgical: £17M Series Awebsite
Gynaia: AI-powered gynecology diagnosticswebsite
Pharmacelera: 75,000x faster drug designwebsite
Team: scientific + entrepreneurial backgroundswebsite
Strong network, expertise, mentorship focuswebsite
Gynaia: explainable AI + regulatory-grade softwarewebsite
Mission: transformative impact in healthcarewebsite
Fuel for bold innovators mantrawebsite
3 core portfolio plays: drug discovery, AI, microfluidicswebsite
Flore Belmans analyst: scientific depth + VC instinctwebsite
Portfolio: antibody discovery, cell engineering, biophysicswebsite
Gynaia: gynecologic oncology, fertility, early pregnancywebsite

Contrarian Signals

Healthcare-only — narrow vertical focusexternal
Small team, limited public GP infoexternal

Founder Do's

Show transformative impact potential
Have strong scientific background
Build scalable technology platform
Demonstrate perseverance & drive
Target life sciences / healthcare disruption
Team: tough, intelligent, perseverant
Possess genuine positivity & incredible drive

Founder Don'ts

No clear science or tech platform
Avoid non-healthcare verticals
Lack market scalability evidence

31 signals on HERAN HealthTech Fund II

18 bullish · 2 contrarian · 7 pitch do's · 3 don'ts · 1 GP profile, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€90M
Saves0
Website
LinkedIn
People

Key People

Geert Cromheecke

Flore BelmansAnalyst
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