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Belgian startups have attracted over €470 million in private capital investment in the first half of 2024, surpassing the €424 million raised in the same period last year. This surge indicates a potential record funding year for the country's tech ecosystem, as reported in the State of Belgian Tech Report. The report highlights a steady increase in average investment amounts across various funding stages since 2018, particularly at the seed and Series B stages.
AI startups have emerged as the dominant force, securing over 70% of total investments in H1 2024. Notable contributions came from TechWolf and Robovision, which raised significant funding rounds of $42.7 million and $42 million, respectively. The report also points to a maturing ecosystem, evidenced by a rise in startup exits and the presence of four unicorns, indicating a robust growth trajectory despite ongoing challenges in scaling and attracting senior talent.
• AI startups attracted over 70% of total capital in H1 2024.
• TechWolf and Robovision secured significant funding rounds.
The report indicates that AI startups are leading the investment landscape in Belgium, reflecting a global trend.
The article notes that the average investment per round has increased significantly, particularly in the AI sector.
The presence of four unicorns in Belgium highlights the success and potential of the local tech ecosystem.
TechWolf's recent funding round of $42.7 million underscores its significant role in the AI investment landscape.
Robovision's $42 million investment reflects the growing interest in AI technologies within the Belgian startup ecosystem.
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