Ethias Ventures

Ethias Ventures is the corporate venture capital arm of Ethias Group, Belgium's largest direct insurer with 1.2 million B2C customers and 46,500 B2B customers and a Fitch rating of A. Founded in 2022 and headquartered in Liege, Belgium, the firm invests equity or provides loans to startups delivering innovative solutions with demonstrated societal value. The investment thesis targets European startups in insurtech, mobility, health, and property that have a visible link to the insurance value chain, whether in underwriting, claims processing, or product innovation, and that show tangible commercial traction. Ethias Ventures deploys checks of $1 million to $3 million at Seed and Series A stages across 12 European countries including Belgium, France, Germany, the United Kingdom, the Netherlands, and the Nordic markets. The firm has made 7 investments across fintech and insurance technology, healthtech, mobility, and clean energy. Notable portfolio companies include moveUP in health technology, Linkbycar in connected vehicle services, and Power Capital Renewable Energy. As the investment arm of a major Belgian insurer, Ethias Ventures brings more than capital to its portfolio companies. The firm leverages Ethias Group's large and established customer base, distribution channels, and regulatory relationships to help insurtech and adjacent startups access a substantial built-in market and validate their products in real-world insurance and financial services environments. This strategic connection to a major incumbent insurer is the firm's primary value-add beyond the investment check itself.