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Noshaq

Venture Capital

Belgian investment fund (formerly Meusinvest) established in 1985, serving as the reference financial partner for SMEs in the Liege region with a portfolio of 477 companies across life sciences, digital tech, and energy.

Liege, Belgium · 10+ investments · 8 portfolio companies

Early Stage
Seed
Energy
Healthcare
PropTech
biotechnology
creative industries
enterprise software
Life Sciences
Headquarters
Liege, Belgium
Founded
1985
Website
noshaq.be
AUM
$1.5B
Portfolio Companies
8
Total Investments
10
Last Investment
May 2025
Geographic Focus
Belgium, Liège region

Investment Thesis

Public investment fund and fund manager serving as the reference financial partner for the creation and development of SMEs in the Liège region. Invests across 7 priority sectors including life sciences, agriculture, digital, and industry 4.0. Portfolio of 478 companies. Combines equity financing with hands-on operational support, acting as a catalyst for territorial economic transition.

Noshaq is a Venture Capital firm based in Liege, Belgium. It has made 10 investments in Energy and Healthcare, including Brenus Pharma, Signatur Biosciences and Bloomlife.

Portfolio8

Co-investors24

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24 co-investors across 26 shared portfolio companies — who they back alongside, and how often they lead.

Venture Capital ×18 · Government ×1 · Growth Equity ×1 · 23 shared rounds

Investment History

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