Fund profile / Belgium

ScaleFund III

Geography: Belgium
Stage: Seed
Fund size: €12M
Focus: AI/ML
Signals: Published

N°01 / About

About ScaleFund III

ScaleFund III is a venture capital firm based in Belgium, focusing on Seed stage investments. The fund actively supports founders building innovative solutions in AI/ML, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionBelgium

Funding StageSeed

Industry Focus

AI/ML

Investor Signals Profile

active

Sweet Spot

Committed team, live product, revenue/usage growth, Series A ready

digital transformation

deeptech

cleantech

seed to Series A

lead investor

Bullish Signals

500+ investor & exec networkexternal

Leads rounds, not followsexternal

Tickets €100K–€1M, seed to Series Aexternal

Ops support: bizdev, hiring, fundraisingexternal

Portfolio: RetailTech AI (ScaleFund III)website

Portfolio: Anote Music Fund (FinTech)website

Long-term involvement, round structuringwebsite

Emphasizes foundations, leadership, structurewebsite

Focus on scaling strategy & ambitionwebsite

Lead rounds with full focus backingwebsite

Selective: back few cos with intensitywebsite

Foundations matter for lasting growthwebsite

Structuring & strategic advisory corewebsite

Lead into next chapter positioningwebsite

Music royalties platform scales internationallywebsite

Contrarian Signals

Backs few cos — high selectivityexternal

Requires openness to deep involvementexternal

Founder Do's

Have live product with early traction

Show clear path to Series A

Build complementary founding team

Be open to hands-on operational support

Target international scalability

Demonstrate revenue or usage growth

Founder Don'ts

Don't pitch pre-product or idea stage

Don't expect passive capital only

Don't lack co-founder or team structure

26 signals on ScaleFund III

15 bullish · 2 contrarian · 6 pitch do's · 3 don'ts, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€12M

Saves0

Website

People

Key People

Claire Munck, Gauthier Van Der Elst

N°04 / See also

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