HERAN HealthTech Fund II

Belgium
Seed
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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).

Investment Focus

Location / RegionBelgium
Funding StageSeed
Industry Focus
Ai Ml
Biotech
Digital Health
Med Tech

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 in 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
2026: Fluidic Sciences (UK) addedwebsite
Portfolio spans UK, ES, BEwebsite
Hypervision Surgical: £17M Series Awebsite
3 portfolio co's: drug discovery + AI + microfluidicswebsite
Gynaia (BE): AI-powered gynecology diagnosticswebsite
Pharmacelera: 75,000x faster drug designwebsite
Team: scientific + entrepreneurial backgroundswebsite
New analyst hire signals scaling & momentumwebsite
Strong network, expertise, mentorship focuswebsite
Fluidic Sciences: microfluidics for biologics discoverywebsite
Gynaia: explainable AI + regulatory-grade softwarewebsite
Mission: transformative impact in healthcarewebsite

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 must be 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

Key GPs & Partners

FB
Flore Belmans
Analyst
scientificentrepreneurialecosystem-builder

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Fund Overview

Fund Size€90M
Saves0

Key People

Geert Cromheecke

Flore BelmansAnalyst

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