Observed Signal · Sep 21, 2026 · Funding · Source: Tech.eu (European Tech & Deals) · Impact: 2/5 · Sentiment: Positive
NewSchool VC closes €10M Fund I for B2B tech
Belgian venture capital firm NewSchool VC has closed its first fund at €10 million to invest in early-stage B2B technology companies. The fund reached its target after raising €6.1 million at its first close last September. It is backed by around 50 investors, including six family offices and entrepreneurs from the Belgian business community. NewSchool focuses on pre-seed and seed stage B2B tech companies, with about 75% of investments in Belgium. The fund has made 32 investments to date, with recent deals in Talentir (Switzerland) and Outline (Paris). Founder Christophe Morbee, also CEO of Belgian payroll provider besox, contributed 25% of the fund himself. NewSchool combines capital with go-to-market, sales, and storytelling support for startups automating established industries.
New VC fund focused on B2B tech, relevant to AdTech/MarTech indirectly but not directly in the adtech space.
Track Donna Signals & Market Shifts in Real-Time
Polaris7 autonomous intelligence agents track regulatory filings, primary sources, executive changes, and deal flow 24/7. Create your free Explorer workspace to monitor these entities.
Key Takeaways & Evidence Grounding
- NewSchool VC closed its first fund at €10 million.
- The fund exceeded its target after raising €6.1 million at first close last September.
- NewSchool has made 32 investments to date, with three more in the pipeline.
- Approximately 75% of investments are in Belgium, the rest across Europe and the UK.
- Founder Christophe Morbee contributed 25% of the fund himself.
Connected Companies & Entities
1 Entity mapped“NewSchool’s portfolio includes Warren, Spotable, Cashfeed, Ravical, Donna, Dalton, Feedelity, Alice Law and Exhibitly....”
Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Connect Ventures hits first close of $80M Fund V
Connect Ventures, a European early-stage VC firm, announced the first close of its fifth fund at $55 million, targeting a total of $80 million. The fund will focus on investing in technical founders building the next generation of European technology companies. The British Business Bank serves as the anchor investor, with returning limited partners including Aldea Ventures, Sella Venture Partners, and Molten Ventures. New investors include European family offices and founders of previously backed companies. Connect Ventures leads pre-seed rounds with cheques ranging from $500,000 to $5 million. The fund emphasizes founding teams with deep technical expertise at their core. Connect's GP-only team, including Pietro Bezza, Sitar Teli, and Rory Stirling, maintains a low-volume, high-support investment approach.
Italian VC Techshop Launches Second Fund with €43M First Close
Milan-based venture capital firm Techshop announced the first closing of its second fund, Techshop II, at €43 million, dedicated to pre-Seed and Seed startups developing AI B2B solutions. The fund exceeded its initial fundraising target and aims to raise €100 million by 2027. CDP Venture Capital joined as a reference investor through its FoF VenturItaly II and Digital Transition Fund, backed by NextGenerationEU resources. Techshop II will invest at least 70% of its capital in EU/EEA companies with a permanent establishment in Italy. The firm's strategy focuses on early-stage B2B software, particularly AI-driven vertical SaaS solutions. Techshop's first fund portfolio includes 23 companies and shows a MOIC of 1.8 and TVPI of 1.5. The new fund aims to make Techshop a multi-fund platform with €150 million in total AUM.
WAD Capital Hits €67.5M First Close for Debut Fund
Belgian investment firm WAD Capital has completed the first close of its debut fund at €67.5 million, with a €25 million investment from the European Investment Fund (EIF), making EIF the largest backer. The Ghent-based firm, founded in 2023, specializes in 'Entrepreneurship Through Acquisition,' acquiring small and mid-sized European companies facing succession issues and handing them to vetted operators. The fund targets profitable SMEs with EBITDA of €1-5 million in the Benelux, northern France, and western Germany, focusing on healthcare, energy, and business services. WAD uses data-driven sourcing and AI-assisted legal due diligence to accelerate deals. The firm's first cohort of thirteen 'CEOs in Residence' has completed eight acquisitions, with five more in final stages. The proceeds will fund a second cohort of twelve CEOs, expanding the portfolio to 25 companies by the end of 2027. The fund aims for a €130 million target with a hard cap of €132.5 million.
Track Real-Time Market Signals & Shifts
Set up custom watchlists to receive automated, evidence-grounded executive digests whenever material signals or shifts occur across your tracked landscape.