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LeanSquare

Europe, Liege, Belgium, Liège

Description

LeanSquare is a prominent Belgian investor and accelerator, operating as the dedicated digital and new economy arm of the Noshaq group, a significant regional investment fund based in Liège, Wallonia. Established to foster innovation and economic development, LeanSquare provides crucial support to early-stage startups, guiding them from initial concept through to market entry and international expansion. Its strategic position within the Noshaq ecosystem allows it to leverage broader financial capabilities and a robust network to benefit its portfolio companies.

The firm's investment strategy is primarily focused on seed and early-stage technology and digital ventures that are poised to disrupt traditional industries or create new market opportunities. LeanSquare typically provides initial cheques ranging from approximately $54,000 to $540,000 (equivalent to €50,000 to €500,000). Beyond initial capital, LeanSquare is prepared to commit substantial follow-on investments, potentially injecting up to $1.62 million (€1.5 million) into its most promising portfolio companies, demonstrating a long-term commitment to their growth. This staged funding approach ensures that startups receive appropriate capital at each critical juncture of their development.

As an accelerator, LeanSquare offers more than just financial backing. It provides a comprehensive support system that includes mentorship, strategic guidance, access to a network of industry experts, and assistance with business development and internationalization efforts. Its mission extends to actively shaping the startup landscape in Wallonia, helping local entrepreneurs scale their businesses and compete on a global stage. By combining capital with hands-on operational support, LeanSquare plays a vital role in nurturing the next generation of innovative companies in the region.

Investor Profile

LeanSquare has backed more than 37 startups, with 2 new investments in the last 12 months alone. The firm has led 13 rounds, about 35% of its total and boasts 1 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series Unknown, Series A rounds (top funding stages).
  • Majority of deals are located in Belgium, France, United States.
  • Strong thematic focus on Software, Music, Information Technology.
  • Led 1 rounds in the past year.
  • Typical check size: $54K – $540K.

Stage Focus

  • Seed (57%)
  • Series Unknown (19%)
  • Series A (8%)
  • Pre Seed (5%)
  • Series B (3%)
  • Convertible Note (3%)
  • Debt Financing (3%)
  • Undisclosed (3%)

Country Focus

  • Belgium (65%)
  • France (16%)
  • United States (5%)
  • United Kingdom (5%)
  • Ireland (3%)
  • The Netherlands (3%)
  • Luxembourg (3%)

Industry Focus

  • Software
  • Music
  • Information Technology
  • Internet
  • Saas
  • Artificial Intelligence (Ai)
  • Advertising
  • Apps
  • Information Services
  • Social Media
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does LeanSquare frequently co-invest with?

KBC Focus Fund
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 2
Limburgse Reconversie Maatschappij
Europe, Limburg, Belgium, Hasselt
Co-Investments: 1
OneRagtime
Europe, Ile-de-France, France, Paris
Co-Investments: 2
Meusinvest (Noshaq)
Europe, Liege, Belgium, Liège
Co-Investments: 7
The Faktory Fund
Europe, Liege, Belgium, Liège
Co-Investments: 2
Spreds
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 2
Lean FUND
Europe, Vlaams-Brabant, Belgium, Louvain
Co-Investments: 1
European Innovation Council
Europe, Brussels Hoofdstedelijk Gewest, Belgium, Brussels
Co-Investments: 2
WING by Digital Wallonia
Europe, Liege, Belgium, Liège
Co-Investments: 3
Kima Ventures
Europe, Ile-de-France, France, Paris
Co-Investments: 2

Which angels does LeanSquare often collaborate with?

BC
Europe, Limburg, Belgium
Shared Deals: 1
CN
Europe, Antwerpen, Belgium, Antwerp
Shared Deals: 1
Matthias De Clercq
Europe, Oost-Vlaanderen, Belgium, Ghent
Shared Deals: 1
SG
Europe, West-Vlaanderen, Belgium, Bruges
Shared Deals: 2
Shared Deals: 1
AS
North America, California, United States, San Francisco
Shared Deals: 1
JV
Europe, England, United Kingdom, London
Shared Deals: 1

What are some of recent deals done by LeanSquare?

Base for music

Paris, Ile-de-France, France

Base for Music is a marketing platform helping artists grow their fanbase and career.

MarketingSaaSSoftware Engineering
UndisclosedJun 15, 2025
Amount Raised: $1,730,000
LinkByCar

Paris, Ile-de-France, France

LinkByCar uses AI to predict vehicle issues by analyzing connected vehicle data, enhancing driving safety and personalization.

AutomotiveMachine LearningSaaSSoftware
SeedOct 23, 2024
Amount Raised: $1,509,266
Bridge.audio

Paris, Ile-de-France, France

Cloud-based SaaS for music and audio professionals

AudioMusicSaaSSoftware
SeedJul 1, 2024
Amount Raised: $2,415,757
e-peas

Mont-saint-guibert, Brabant Wallon, Belgium

e-peas is an innovative semiconductor company developing energy harvesting solutions to help future businesses create battery free products.

BatteryElectronicsEnergySemiconductorSensor
Series UnknownMar 20, 2024
Amount Raised: $19,140,724
Raw Stadia

Hasselt, Limburg, Belgium

Raw Stadia is a sports technology company that specializes in surface player interactions.

Information TechnologyOutdoorsSports
SeedDec 13, 2023
Amount Raised: $1,632,397
CityLegends

Eindhoven, Noord-Brabant, The Netherlands

CityLegends is a street culture platform where 200M athletes explore the streets, compete the world and inspire 2B fans.

ConsultingDigital MediaLifestyleSocial NetworkSports
Pre SeedNov 23, 2023
Amount Raised: $1,526,634
Streamforge

Boston, Massachusetts, United States

Streamforge is the technology-first, turnkey solution for all of your influencer marketing needs.

AdvertisingMarketingVideo Games
SeedAug 1, 2023
Amount Raised: $1,200,000
IONNYK

La Hulpe, Brabant Wallon, Belgium

IONNYK is the first art photography platform that elevates the art experience while allowing for imagination and originality.

Photography
Series UnknownJun 13, 2023
Amount Raised: $1,618,446
ClimateCamp

Antwerp, Antwerpen, Belgium

ClimateCamp offers precise information on the supply chain's carbon emissions.

Information ServicesSupply Chain ManagementWaste Management
Pre SeedNov 22, 2022
Amount Raised: $721,769
Zapfloor

Antwerpen, Antwerpen, Belgium

Zapfloor offers modular workplace management software for coworking spaces and corporate clients

Information TechnologyInternetSoftware
Series ASep 20, 2022
Amount Raised: $2,093,963