Welcome to this week’s Reactor Podcast, where we bring you the most exciting developments from the worlds of deeptech and climate tech. Here’s your weekly dose of innovation and progress:

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https://www.youtube.com/watch?v=JS18mx3NvO8&t=1s

1️⃣ Fresh Capital for Innovation: This Week’s VC Announcements

It’s been a big week for venture capital. Here are the key fund announcements fueling the next wave of innovation:

• First Look Partners: $30M fund for early-stage emerging fund managers and breakout companies.
• 360 Capital: €140M fund focused on climate tech, including energy transition and urban sustainability.
• Voima Ventures: €100M Fund III to support science and deeptech startups in the Nordic and Baltic regions.
• Founders Fund: $3B for its third growth equity fund, continuing its legacy from San Francisco.

Thanks to John Gannon for sharing the details. For more VC updates, check out MovesinVC.com.

🔗 Read John’s post: VC Announcements on LinkedIn

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2️⃣ Evolution of Belgium’s Tech Ecosystem: 2010–2024

Belgium’s tech startup scene has not only recovered since 2020—it’s thriving like never before. Here are the highlights:

• imec continues to drive innovation with its imec.xpand program, creating numerous spin-offs.
• 20% of Belgian tech companies in 2023 had female founders—a significant milestone
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• Belgium has seen an increasing number of unicorns, future unicorns, and IPOs.
• Key players like Odoo, Euroclear, and Movu Robotics are growing rapidly.
• The transition from SaaS dominance (2010–2021) to an AI-led focus.

Thanks to Omar Mohout for sharing this valuable analysis.

🔗 Learn more: Belgium Tech Ecosystem Analysis

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3️⃣ Demystifying Term Sheets: A Guide for Founders

Are you raising funds? Do you have a term sheet in your inbox? Here are the key aspects to watch out for:

• Valuation: Understand what your company is truly worth.
• Control Rights and Protections: Pay attention to liquidation preferences and anti-dilution clauses.
• Preparation for Difficult Times: Plan for scenarios when things don’t go as expected.

If these terms sound overwhelming, take a look at this valuable term sheet guide by Morgan, Lewis & Bockius LLP, shared by Vasily Pieters.

🔗 Download the guide: