We put everything into making your growth inevitable.

ScaleFund is small by design, we are hands-on, we invest with intent. We commit fully. We help you scale relentlessly. We don’t just back businesses, we back builders.

Ready to build your next chapter?

Connect with us

What we do

We lead companies into their next chapter

  • Engaging capital and structuring investment rounds, we take the lead.

  • Carefully selecting advisors from a European network of over 500 investors, venture partners, and C-level executives.

  • Providing operational support in business development, team building, and fundraising preparation.

Scaling a startup is brutal, foundations matter. We bring the leadership, structure, and strategy to turn ambition into lasting growth.

Investment approach

We invest from seed to Series A in companies driving digital transformation, deeptech, and cleantech — when the product is live, traction is building, and the ambition to scale is undeniable. We typically lead rounds with tickets ranging from €100K to €1M.

We look for:

  • Committed, complementary teams
  • Early signs of revenue or usage growth
  • A clear plan toward Series A
  • Scalable, international-ready models
  • Openness to strategic, hands-on support

We back a few companies with full focus. We structure rounds, support operations, and stay involved for the long run.

Previous investments

  • Wooclap

    Fund: ScaleFund I
    Interactive learning platform enhancing engagement in classrooms and corporate training.

  • Passbolt

    Fund: ScaleFund II
    Open-source password management solution for teams and enterprises

  • Resortecs

    Fund: ScaleFund II
    Innovative textile recycling technology enabling easier and more efficient garment recycling

  • Ionnyk

    Fund: ScaleFund II
    Connected art frames that display high-end black-and-white photography using e-paper technology

  • JeudiMerci

    Fund: ScaleFund II
    B2B gifting platform offering curated, personalized gifts for corporate clients

  • Dgenious

    Fund: ScaleFund II
    Business intelligence platform enabling real-time data access and analysis for multi-site businesses

  • Naki

    Fund: ScaleFund II
    Portable battery rental service with automated kiosks for mobile device charging

  • Moonbird

    Fund: ScaleFund II
    Breathing guidance device designed to help individuals relax and manage stress through controlled breathing exercises

Team

  • Claire Munck

    Founder & Managing Partner ScaleFund I, II & III

    Claire Munck serves as CEO of BeAngels, Belgium’s leading angel investment network, and is the founder of the ScaleFund series. She co-founded Business Angels Europe and the Global Business Angel Network, and sits on the board of several startups and scale-ups across sectors. Her experience spans strategic growth, international financing, and early-stage venture capital.

    LinkedIn Profile

  • Gauthier van der Elst

    Partner ScaleFund I, II & III

    Gauthier is a seasoned professional with a strong background in venture capital, M&A, and financial management. He brings experience from banking, auditing (PwC), and corporate integration (Solvay-Rhodia), and currently serves on multiple startup boards, contributing his strategic and financial expertise.

    LinkedIn Profile

  • Thomas Pav

    Principal ScaleFund III

    Thomas is a dynamic business angel with investments and operational roles across Europe and Africa. Former COO at Solarly, he has advised dozens of startups on scaling and fundraising. His expertise spans blockchain, asset management, and digital transformation.

    LinkedIn Profile

  • Paul Risopoulos

    Principal ScaleFund III

    Paul Risopoulos brings a strong background in private equity and strategic consulting. Previously with Vendis Capital and Roland Berger, he focuses on growth-stage investments and SME development, combining analytical rigour with hands-on business insight.

    LinkedIn Profile

Network

Venture Partners

  • François Torche LinkedIn Profile
    Cofounder CluePoints – CPO & CTO
  • Wim Peeters LinkedIn Profile
    EcoVadis – Senior Advisor / VP Business Development
  • Thierry Pineau
    CEO at DFMH – Manufacturing & Supply Chain
  • Nicolas Lair LinkedIn Profile
    Co-founder & CTO at Wellnest – Serial Entrepreneurship
  • Xavier Pansaers LinkedIn Profile
    Co-founder at GOVRN – Growth & B2B SaaS
  • Gerrit Dubois LinkedIn Profile
    Responsible Investment Specialist at Degroof Petercam Asset Management – Cleantech & Responsible Investment
  • Frédéric Levy LinkedIn Profile
    CEO at Look & Fin – FinTech
  • Leen Segers LinkedIn Profile
    Managing Director ForsVC – AI, DeepTech, Web3
  • Olivier Verdin LinkedIn Profile
    CEO & Co-founder at AppTweak – SaaS & Mobile
  • Olivier Gillin LinkedIn Profile
    Chief Product Officer at Haulogy – B2B SaaS & Digital Products

Testimonials

  • The support of Scale II has been instrumental in our growth trajectory. On top of the financial support, Scale really managed to create value on important and strategic aspects of the business when it was needed, a rare quality among investors.

    Kevin Muller - Founder & CEO

  • Working together with Scale is wonderful. We get great support (but not too much), access to workshops, relevant contacts and the most valuable, productive, insightful board meetings.

    Stefanie Broes - Co-Founder