Belgian Startup Ventory Raises €2.65M to Kill the Spreadsheet in Field Inventory

KBC Securities leads the seed round as the Brussels-based startup posts 600% ARR growth in 2025 — with enterprise clients in healthcare, rail, and energy across seven countries.

📍 Brussels, Belgium  · ·  3 min read

Ventory, a Brussels-based B2B software startup, has closed a €2.65 million seed round led by KBC Securities. Existing investors Finindus, Matterwave Ventures, and delaware also participated. The company describes itself as “the missing layer between ERPs and the field” — a platform that replaces the tangle of spreadsheets, paper tickets, and disconnected tools that still govern billions of euros of field inventory across Europe.

The raise follows a breakout year. In 2025, Ventory’s ARR grew sixfold, it signed 10 new enterprise accounts, and scaled to over 500 customer locations and 80,000 SKUs tracked daily. The platform is now embedded in operations spanning a global medical robotics manufacturer, a national railway operator, healthcare providers, and energy producers — across seven countries.

Bye-bye, spreadsheets

The pitch is straightforward: enterprises have spent decades investing in ERP systems like SAP, Oracle, and Microsoft Dynamics — and then watched that visibility disappear the moment inventory leaves the warehouse. Vans, trunk stock, consignment depots, customer sites: this is where Excel still rules. Ventory integrates natively with major ERP stacks and is now ISO/IEC 27001 certified, giving it a credible path into the compliance-heavy sectors it targets.

Landing some of the most demanding enterprises in the world tells us we’re defining a category — and KBC Securities, alongside Finindus, Matterwave and Delaware, gives us the firepower to go after it.
— Vishal Punamiya, CEO & Founder, Ventory

What the capital is for

The €2.65M will fund three priorities: deepening Ventory’s native AI product roadmap and ERP integrations, geographic expansion into Western Europe, and scaling the enterprise go-to-market team. The company is an alumnus of Start it @KBC, Belgium’s leading equity-free accelerator.

The investment is also part of a wider KBC Group commitment: at the end of 2025, the bank announced it would deploy €100M into the Belgian startup ecosystem — €50M through the Start it Fund for early-stage companies, and a further €50M through KBC Securities for top performers. Ventory is among the first to draw from that second pool.

Ventory has identified an overlooked gap in enterprise software, and their traction is proving their ability to capture this new and quickly growing category.
— Olivier Rits, KBC Securities

Why it matters for European enterprise tech

Ventory sits in a category that rarely gets headlines — unglamorous, operational, deeply sticky. Field inventory software isn’t AI-native hype; it’s the kind of infrastructure play that compounds quietly until it’s everywhere. The combination of 600% ARR growth with enterprise-grade clients in operationally demanding sectors (rail, medical devices, energy) makes this an unusually de-risked seed story. Watch this one.

About Ventory: Headquartered in Brussels, Belgium. Integrates with SAP, Oracle, Microsoft Dynamics 365 Business Central, and Sage. ISO/IEC 27001 certified. More at ventory.io.

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