Smartfin
Belgian VC firm focused on tech and deep tech, founded and led by Jurgen Ingels.
Smartfin is a Belgian Venture Capital firm investing in tech and deep tech companies across Europe. Founded in 2015, the firm is led by managing partner Jurgen Ingels, a serial entrepreneur known for co-founding Clear2Pay.
The firm focuses on late-seed to Series B investments in European tech. Portfolio highlights include TechWolf (Series B lead) and Showpad.
Portfolio
Stated facts & numbers
- Smartfin was started in 2014 and now runs five funds; the capital funds are each ~€250M and the firm has 13 people, with 80% of investments in Benelux. (0:14:48, Ben's Mentors 2026-01-21)
- Smartfin Ventures targets companies with €500K-1M revenue to grow to €10-15M; the capital funds take companies from €5-6M to €50-100M revenue. (1:06:12, Ben's Mentors 2026-01-21)
- Smartfin is considering launching a space & defense (dual-use) fund this year. (1:02:06, Ben's Mentors 2026-01-21)
- SmartFin has raised €750 million across funds, invests in B2B tech in Europe (~70% Benelux), is on its fifth fund and 10 years in operation. (0:35:56, BlackBird Business Events 2024-10-24)
- Jürgen Ingels sold Clear2Pay in 2014 and then set up venture capital fund Smartfin Capital. (0:03:38, De CFO Podcast 2026-03-30)
- Smartfin operates on a fee of 0.6-0.7% of committed capital instead of the classic 2% PE fund fee. (0:11:13, De CFO Podcast 2026-02-02)
- Smartfin's carry follows an 80/20 rule: 80% of profits above returned capital go to investors, 20% to the fund team. (0:11:44, De CFO Podcast 2026-02-02)
- Smartfin is exploring a dedicated space-and-defense fund under its umbrella with a separate team. (0:16:16, De CFO Podcast 2026-02-02)