WAD Capital Fund I | 2026 VC Fund

WAD Capital

cb Email

Status

ACTIVE

Global HQ

Antwerp, Belgium

Countries of investment

Belgium
Netherlands
Germany
France
Luxembourg

Investment stages

Growth

Industries

Lower Middle-Market SMEs
Manufacturing
Services
Technology
Digital Transformation
Software

About
WAD Capital is an Antwerp-based private equity firm focused on European SME succession and buy-and-build. Their focus spans lower middle-market SMEs across Belgium, Netherlands, Germany, France, and Luxembourg. The firm supports founders through succession-focused control investments in growth-stage companies.

Min check size: $5M
Max check size: $30M
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Investment Thesis

WAD Capital is a growth-stage private equity firm deploying capital across European lower middle-market SMEs through succession-focused buyouts. They invest in founder-owned businesses to help them navigate succession, professionalize operations, and accelerate growth through strategic capital, operational excellence, and technology-driven transformation. The firm differentiates itself through General Partners' experience at Gimv, Sima Ventures, and successful entrepreneurship backgrounds including exits like Wineissocial, Decovry, and Zihzo.

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Manager's Experience

European lower middle-market PE firm led by Managing Partners including Steven (Partner with 13+ years at Gimv in software and digital investments, Co-Founder of Wineissocial and Decovry with combined €15M revenues) and Christopher (Managing General Partner at Sima Ventures with 7.5x MOIC, Founder of Zihzo, London School of Economics Master's in Economics). Barbara serves as senior executive with deep operational experience. Focused on European SME succession, buy-and-build strategies, and technology-driven transformation. Combines strategic capital, growth acceleration, AI-driven transformation, and back-office optimization to help family- and founder-owned businesses professionalize and scale.