Belgium's NewSchool VC Closes First Fund at €10M to Back B2B Tech Startups

NewSchool invests in B2B technology companies at the pre-seed and seed stages, writing cheques of between €100,000 and €500,000, with a focus on artificial intelligence and teams working to automate established industries. The fund has made 32 investments to date, with three more in the pipeline. Around 75 percent of those investments are in Belgium, and the rest are spread across Germany, the Netherlands, Norway, Spain, Switzerland, France and the UK.

Morbee launched the firm after several years as an angel investor. He is also CEO of besox, a Belgian payroll and HR administration provider that serves roughly 4,000 SME clients and employs 110 people. NewSchool uses that network to help portfolio companies connect with early customers. Beyond capital, the firm offers support in areas such as go-to-market, sales and storytelling.

EU-Startups reported that Morbee said he had invested as an angel for years but felt it was time to build a real structure around it, adding that his interest in entrepreneurship, investing and sharing knowledge of marketing, sales, HR and finance led him to launch a full fund.

Glovo Alumni Have Founded 35 Startups Worth an Estimated €461 Million

New research unveiled at Glovo's annual Startup Campus in Barcelona highlights the delivery company's role in spawning a new generation of European founders.