For more than two decades, XAnge has built its story around a simple philosophy: understand the waves rather than follow them, anticipate rather than react, dare despite the risks.
This philosophy has shaped the trajectory of XAnge since its early steps. In the early 2000s, launching a venture fund was far from obvious. But that first bold bet became the foundation for a European platform that today supports some of the continent’s most ambitious entrepreneurs.
From the outset, XAnge chose focus and discipline. Each fund has been anchored in a clear investment thesis – not just following market cycles but addressing major societal issues through technology.
- XAnge Capital 1 (2004–2011): Building physical & digital communication networks to connect people.
- XAnge Capital 2 (2012–2016): Shaping new customer behaviors in the era of internet expansion. In the aftermath of the 2008 crisis, XAnge embraced a new paradigm by opening access to services through B2C marketplaces, fintech, and B2B software.
- XAnge Digital 3 (2017–2021): Supporting digitally healthcare, and business services to modernize key industries that haven’t been addressed yet.
- XAnge 4 (2021–2024): Bringing tech to the 99%. Focusing on democratizing technology, XAnge invested in European visionary founders leveraging data, care, and trust to build accessible, impactful, and scalable innovations for all.
Riding Emerging Tech Waves
Each cycle brought its share of challenges, from market downturns to geopolitical shifts, from the rise of SaaS to the Covid crisis. But at every stage, XAnge evolved, transitioned to the standards of tier-one VC funds, and expanded internationally.
In Germany, XAnge strengthened its historical presence since 2007 with the arrival of Valérie Bures as Partner and Head of DACH in 2023, confirming its ambition to accelerate its European footprint from Berlin and Munich.
In Belgium, XAnge has steadily built a strong track record since its first investment in Odoo in 2014, followed by others such as Aerospacelab, Sirona Technologies, and Vertical Compute, just to name a few.
At the same time, XAnge scaled its platform with the launch of Startup Success in 2019, a team of four full-time experts supporting entrepreneurs daily. In 2024, this initiative was recognized as Best Operating Team of a VC Fund by France Digitale, underlining XAnge’s commitment to best-in-class portfolio support.
Entering a new cycle: XAnge 5
With its fifth fund, XAnge 5, the firm announces a first closing at €200M, achieved in just nine months, reaffirming its ambition to remain one of Europe’s leading early-stage venture platforms.
If XAnge 4 was about “empowering the 99%”, the new vintage turns the page toward what’s next – Venture into the Future.
In an era of protectionism and global uncertainty, XAnge 5 reaffirms that Europe can be a central player in the global tech race. The ambition is clear: to create world-class European technological assets, strengthening Europe’s position among global powers while addressing the pressing challenges of our time.
Three verticals to build the future
The XAnge 5 thesis translates into three investment verticals:
- AI Productivity & SaaS Transformation: SaaS is entering a new cycle powered by AI. XAnge believes defensibility will be built at the application and middleware layers, not at the infrastructure level dominated by hyperscalers. We have already backed pioneers such as Animaj, Gladia, and Qubit Pharmaceuticals, which embody this new wave of AI-powered productivity.
- Frontier Tech: A new generation of Deep Tech founders is combining scientific excellence with entrepreneurial execution. XAnge focuses on engineering-led, full-stack verticalization plays in areas such as compute, new space, robotics, cybersecurity, and computational biology. Already, 30% of our portfolio is Deep Tech, with category leaders like Treefrog, Aerospacelab, and Vertical Compute paving the way.
- Sustainable Future: With climate and energy challenges accelerating, XAnge invests in technologies addressing the largest carbon footprint industries under the strongest regulatory pressures, while avoiding both infra traps and shallow tech. Investments like Sirona Technologies, Green Fusion and Greenly illustrate our commitment to scalable climate solutions.
Two decades later, XAnge remains ahead of the wave. The next chapter will be written with the same ambition: supporting the entrepreneurs who shape Europe’s technological future – and proving that resilience is not only about weathering storms but about riding the waves that define a generation.
