Private Equity

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White Fund

White Fund is a Liège-based private equity firm investing in early-stage Belgian start-ups.

White Fund logo

White Fund

White Fund is a private equity fund focused on the medical device sector. It has made 13 investments to date. The fund invested in NeuroClues as part of their Series A on April 07, 2026.

General information

Firm type

Private Equity

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

Belgium

City

Liege

Corporate office

Liege, Belgium

Frequently asked questions

What investment stage does White Fund target?

White Fund focuses on early-stage, pre-revenue and start-up phase companies. The firm seeks to provide the initial equity checks that founders need to build a minimum viable product or secure their first commercial contracts. Its investment horizon appears concentrated on seed and early Series A equivalents, though precise ticket sizes are not publicly disclosed.

Is White Fund structured as a traditional venture capital firm or a family office?

White Fund operates as a private equity asset manager, not a family office or corporate venture arm. Its structure suggests a standard venture capital partnership raising committed capital from external investors. However, the firm has not publicly registered as an alternative investment fund manager (AIFM) under FSMA in a manner that is easily traceable, leaving its precise regulatory registration status ambiguous.

Does White Fund coinvest alongside external general partners?

There is no publicly available evidence of White Fund participating in complex deal syndications with external general partners. Its market posture suggests it often invests directly in Belgian founders without the layered co-investment networks typical of larger continental venture firms.

What is White Fund's geographic investment focus?

White Fund is concentrated in Belgium, with a specific operational presence in the Liège and broader Wallonia region. The firm does not market itself as a Benelux-wide or pan-European investor. Its deal flow likely originates from local entrepreneurial hubs, university spin-outs, and regional accelerator programs in Francophone Belgium.

How can a start-up contact White Fund for funding?

White Fund maintains a primary web presence at www.whitefund.be. Prospective founders seeking early-stage capital should review the firm's official website for contact instructions or submission portals. Given its lack of a LinkedIn footprint, direct outreach through its online infrastructure is the recommended path for Belgian entrepreneurs within the fund's geographic mandate.

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