Private Equity

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Smartfin

Smartfin: Jürgen Ingels' €600m Brussels venture firm backing European B2B tech from Seed to growth, with tickets up to €50m.

Smartfin logo

Smartfin

Venture capital fund focussing on European B2B technology companies.

General information

Firm type

Private Equity

Year founded

AUM

€600m (per Smartfin, 2025)

Location

Region

Europe

Country

Belgium

City

Brussels

Corporate office

Brussels, Belgium

Principals

Jürgen Ingels

Founder & Managing Partner

Bart Luyten

Partner

Thomas Depuydt

Partner

Sector focus

Enterprise SoftwareFinTechCybersecurityAI/MLMedia & EntertainmentReal EstateMobility & Transportation

Frequently asked questions

Who runs investment decisions at Smartfin?

Investment decisions are driven by Founder and Managing Partner Jürgen Ingels alongside Partners Bart Luyten and Thomas Depuydt. The team combines financial and entrepreneurial backgrounds, covering both numbers and hands-on operational experience.

How does Smartfin source proprietary deal flow?

Smartfin leverages an ecosystem that includes partnerships with very early-stage investor Pitchdrive and blockchain specialist Tioga Capital Partners. It also supports industry connectors Supernova and The Big Score, which link high-growth European tech companies with leading investors.

Does Smartfin participate in fund commitments or only direct deals?

Smartfin primarily makes direct equity investments into private B2B technology companies. It maintains strategic partnerships with other venture managers for very early stage (Pitchdrive) and blockchain (Tioga Capital Partners), expanding deal access without operating a fund-of-funds strategy.

What investment stages does Smartfin typically target?

The firm invests from Seed stage up through late-stage growth. It prefers initial entry tickets that can be complemented by larger follow-on investments over the long term, carrying companies well beyond the start-up phase.

Is Smartfin a generalist or thematic venture investor?

Smartfin explicitly positions itself as a generalist across B2B technology. It refuses narrow sector specialization, arguing that a well-diversified portfolio outperforms a concentrated thematic focus. Vertical exposure currently includes enterprise software, fintech, cybersecurity, AI/ML, media, real estate analytics, and mobility.

Where does Smartfin's capital come from?

Smartfin is an asset manager raising institutional capital, not a single-family office. The specific limited partner base has not been publicly disclosed by the firm.

What is Smartfin's known posture on co-investments alongside external GPs?

Smartfin leads rounds such as the £10m Series A in Incard, suggesting capacity as a lead investor. The firm has not publicly outlined a structured co-investment program for external limited partners, instead concentrating on direct equity and long-term company partnerships.

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