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ScaleFund is a Belgian venture capital fund founded by Claire Munck, dedicated to supporting companies in their growth phases. Established to lead investment rounds for startups, ScaleFund is based in Europe and focuses on sectors such as AI, healthcare, edtech, proptech, cybersecurity, martech, and consumer technology. The fund currently manages assets totaling €32 million and is on its third investment vehicle, ScaleFund III, which targets €30 million.
The firm emphasizes operational support, providing resources in business development, team building, and fundraising preparation. ScaleFund aims to ensure that its portfolio companies have the necessary tools and guidance to succeed in competitive markets. The fund has a strong commitment to investing in companies that demonstrate early traction and a credible path to Series A funding.
ScaleFund has a portfolio of 11 companies and is actively seeking to back 15-20 startups in its current fund. The firm maintains a network of over 500 investors, venture partners, and C-level executives, enhancing its ability to provide strategic guidance and resources to its portfolio.
ScaleFund invests primarily in seed to Series A stages, focusing on companies that are driving digital transformation, deeptech, and cleantech. The fund typically leads investment rounds with amounts ranging from €100,000 to €1 million. ScaleFund seeks committed teams that show early signs of revenue or usage growth and scalable business models. The firm emphasizes the importance of operational support, looking for founders who are open to strategic guidance and collaboration.
Investment criteria include a product that is live, visible early traction, and a credible path to Series A funding. ScaleFund's geographic focus is primarily on Europe, particularly the Benelux region and France. The fund's investment strategy is designed to identify startups that are not only innovative but also have the potential for significant market impact.
ScaleFund's portfolio includes a diverse range of companies across various sectors:
These companies reflect ScaleFund's commitment to investing in sectors that are pivotal to digital transformation and sustainability.
Claire Munck: Founder & Managing Partner. Claire leads ScaleFund III and is the public face of the fund, with a strong background in venture capital and startup support.
Gauthier van der Elst: Partner. Gauthier brings expertise in investment strategy and portfolio management, contributing to the fund's operational support initiatives.
Thomas Pav: Principal. Thomas focuses on sourcing and evaluating potential investments, leveraging his experience in the tech sector.
Paul Risopoulos: Principal. Paul specializes in business development and operational support for portfolio companies, ensuring they have the resources needed for growth.
To pitch ScaleFund, founders should visit their website at scale-fund.com. The firm prefers detailed pitch decks that include information on the business model, traction, and team. A warm introduction is beneficial but not mandatory. Founders can expect a response within a few weeks after submission.
In 2025, ScaleFund announced a first close of €12 million for its third fund, ScaleFund III, which targets a total of €30 million. This fund aims to invest in 15-20 companies, focusing on digital transformation and cleantech sectors.
ScaleFund has been featured in various publications, including Tech Funding News, highlighting its commitment to supporting innovative startups in Europe.
What are ScaleFund's investment criteria?
ScaleFund invests in seed to Series A stages, focusing on companies that demonstrate early traction, scalable business models, and openness to operational support.
How can I pitch to ScaleFund?
Founders can pitch by visiting ScaleFund's website at scale-fund.com. The firm prefers detailed decks that outline the business model, traction, and team capabilities.
What makes ScaleFund different from other VCs?
ScaleFund emphasizes hands-on operational support, leveraging a network of over 500 investors and executives to provide strategic guidance to portfolio companies.
What is the typical check size for investments?
ScaleFund typically invests between €100,000 and €1 million in each round.
What sectors does ScaleFund focus on?
The fund focuses on AI, healthcare, edtech, proptech, cybersecurity, martech, and consumer sectors.
What is ScaleFund's geographic focus?
ScaleFund primarily invests in Europe, with a particular emphasis on the Benelux region and France.
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