We enable promising startups to reach their full potential.

Our vision
We accelerate growing startups
There is a missing opportunity between a successful start and reached achievements. Scale Fund’s mission is to bridge this equity gap and boost promising companies.

A unique dealflow
We secure both a qualitative and proprietary deal flow thanks to privileged partnerships with business angels and seed investors. This allows us to identify the best projects early on, prior to their growth phase, and therefore aim for the highest performance.
Investment strategy
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We are industry-agnostic: this diversity gives strength to our portfolio.
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We aim to invest in innovative scale-ups with international potential.
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We team-up with prior-round shareholders and management in order to reach the next milestones.
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We are a reactive team of dedicated and pragmatic people.
Our Portfolio
Scale I
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Scale II
Passbolt
Passbolt is an open source password manager for agile teams that is developer-first,...
Passbolt in a few words
Passbolt is an open source password manager for agile teams that is developer-first, API-centric and privacy-focused. Think 1Password but optimized for collaboration, automation and privacy. Think Wordpress but built for password management and in-depth security.
Passbolt solves the pain of modern digital teams that have to manage, due to digitalization, an unprecedented number of credentials every day at work which creates productivity and security issues. Passbolt makes it easy to store, centralize, organize, share, automate and audit credentials through an elegant UI /UX while providing uncompromising control, security and privacy for system administrators.
Passbolt is based in Luxembourg, at the heart of Europe, where data privacy matters and is protected by laws. Digital and Agile teams love Passbolt: 7.000 of them in 50+ countries, have already adopted it and are using it daily to manage their passwords.
www.passbolt.com -
Scale II
Kaspard
Kaspard has developed a non-intrusive device to address the problem of...
Kaspard in a few words
Kaspard has developed a non-intrusive device to address the problem of falls in the elderly. The cutting edge technology developed by Kaspard gives an alert in case of a bed exit, a fall or not returning to bed within a certain time. The nursing staff has continuous information and can intervene quickly to assist the resident when necessary. Each resident has a different risk profile and mobility potential.
www.kaspard.com -
Scale I
Musimap
Musimap is an Emotional Artificial Intelligence (A.E.I.) company leveraging...
Musimap in a few words
Musimap is an Emotional Artificial Intelligence (A.E.I.) company leveraging 20 years of manual tagging efforts. Musimap provides fully automated engines to businesses in the fields of music, video, media, advertising, dating and e-commerce to help them achieve high performances in terms of recommendation, targeting, emotional profiling and responsiveness.
www.musimap.net -
Scale I
Utopix
Since 2013, Utopix has been supporting companies and agencies in the realization...
Utopix in a few words
Since 2013, Utopix has been supporting companies and agencies in the realization of their visual projects thanks to its professional network of photographers and videographers all over the world.
www.utopix.com -
Scale I
Phasya
Phasya develops the first software portfolio for monitoring several physiological...
Phasya in a few words
Phasya develops the first software portfolio for monitoring several physiological and cognitive states (e.g. drowsiness, stress, etc.) that influence human performances. Our solutions are mainly based on the analysis of eye features and heart rate, independently or in combination. Other data such as respiratory rate, electrodermal activity, and voice features can be also used for the analysis.
www.phasya.com -
Scale I
Wooclap
Wooclap is an EdTech tool that allows students to play a role in their...
Wooclap in a few words
Wooclap is an EdTech tool that allows students to play a role in their own learning.
www.wooclap.com -
Scale I
mobile my day
mobile my day collects big data and creates innovative, mobile solutions...
mobile my day in a few words
mobile my day collects big data and creates innovative, mobile solutions to meet the challenging business needs of the healthcare industry while providing access to added value services for independent and chain pharmacies who trust us their data.
www.mobilemyday.com -
Scale I
Aquilon Pharmaceuticals
Aquilon Pharmaceuticals is a spin-off of Liege University and expert in...
Aquilon Pharmaceuticals in a few words
Aquilon Pharmaceuticals is a spin-off of Liege University and expert in the treatment of serious lung diseases.
www.aquilonpharma.com
What do we bring to the table?
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Smart Money
We are active partners, we are able to broader your vision and possibilities.
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Real Money
We invest 300k€ to 500K€ as a first investment, with a capacity to follow-on up to 1M€.
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Strong Network
More than 300 business angels, international partners and corporate members work with us.
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Fast Process
We are able to deliver a commitment within a 6 to 8 weeks time frame. We are an effective team and we move fast.
Our team
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Claire Munck
Managing Partner
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Alexandre Dutoit
Investment Partner
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Gauthier van der Elst
Investment Partner
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Antoine Humbeeck
Legal Counsel
LinkedIn