E-Merge

E-Merge is a Brussels-based early-stage venture capital firm with a specialized focus on the telecommunications and e-commerce sectors. Established with a clear mandate to support nascent companies, the firm positions itself as a strategic partner for startups looking to scale within these specific industries. Their investment philosophy appears to lean towards identifying promising technologies and business models at their foundational stages, providing the initial capital and guidance necessary for growth.

The firm boasts a selective portfolio, featuring notable successes that underscore their ability to pick winners. One of their most prominent investments is in Odoo (formerly OpenERP), a global leader in open-source business management software, where E-Merge was an early backer. Another significant success story is Connective, a digital signature and identity management solution provider, which secured a Series A round of approximately €4.5 million in 2017 with E-Merge's participation and was subsequently acquired by OneSpan in 2021. These examples highlight E-Merge's long-term commitment and their capacity to support companies through various growth phases up to successful exits.

E-Merge typically targets early-stage companies, indicating a preference for Seed to Series A rounds. While specific check sizes are not publicly disclosed, their involvement in rounds like Connective's Series A suggests they are comfortable deploying capital in the low to mid-seven figures. Based on their "early-stage" focus and participation in such rounds, a typical first check from E-Merge likely ranges from approximately $300,000 for very early-stage or seed investments, up to around $2,500,000 for more developed Series A opportunities, depending on the specific needs and co-investor syndicate.

As a focused Belgian VC, E-Merge offers more than just capital, leveraging its experience and network within the telecom and e-commerce ecosystems. Their track record with companies like Odoo and Connective demonstrates a strong capability in nurturing innovative startups from their early days to significant market players or successful acquisitions, making them a relevant partner for founders in their target sectors.