The State of Flanders’ Startup Ecosystem 2022

This report builds on the Flandersʼ Startup Ecosystem Database, which is powered by Dealroom. In this report “Flandersʼ startups” refer to all
startups, scaleups and unicorns which are headquartered in Flanders. Startups founded in Flanders, which  later relocated abroad but maintain a significant presence in Belgium, are also included.

In 2021 Flanders startups raised over €550M, an increase of 2.8x since 2017. 2022 had a strong start with €292M raised by April and created the potential for the …

This report builds on the Flandersʼ Startup Ecosystem Database, which is powered by Dealroom. In this report “Flandersʼ startups” refer to all
startups, scaleups and unicorns which are headquartered in Flanders. Startups founded in Flanders, which  later relocated abroad but maintain a significant presence in Belgium, are also included.

In 2021 Flanders startups raised over €550M, an increase of 2.8x since 2017. 2022 had a strong start with €292M raised by April and created the potential for the ecosystem to raise a total of €876M by the end of the year.

Flanders is one of Europe's most proportionally funded R&D regions and  still has room to grow