The Ghent-based investor Miles Ahead surpasses the milestone of 20 million euros in financing for startups in artificial intelligence and deep tech.

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Miles Ahead plans to invest in up to 20 companies over the next five years. The fund targets investments averaging 600,000 euros and, if necessary, follow-up investments. The focus is primarily on Belgian companies with international potential. 'We are in an area with many startups that have a lot of potential. They are ambitious but realistic about valuations and growth,' explains Burgelman. So far, the venture studio has invested in Sealution, which offers an AI platform for analyzing data aboard ships, MyGamePlan, which analyzes football data and footage, and in the HR tool Talentguide.

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‍We are in an area with many startups that have a lot of potential. They are ambitious but realistic about valuations and growth.

          _{LUC BURGELMAN - STICHTEND PARTNER MILES AHEAD}

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Miles Ahead aims to shorten the learning curve of early-stage startups in deep tech and AI with a short and intensive process that allows companies to bring a product to market more quickly. The fund targets a presence of four to five years in a startup, with the venture studio focusing on the first 12 to 19 months to work intensively alongside them.

Seizing Momentum

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Many of the private investors supporting Miles Ahead come from the technology sector, such as Jan Delaere (Delaware), Hendrik Vanmaele (Mobius), Ewout Meyns and Mattias Putman (Hubspot), Jan Hollez (Deliverect), Frank Hamerlinck (Trustbuilder), Alain De Taeye (TomTom), Jan Van Hoecke (iManage), Arne Vandendriessche and Pieter Barremaecker (Signpost), and Frederik Poelman (Combell). In addition, SFPIM Relaunch Fund and Ventures by Delaware, the venture capital arm of the ICT service provider Delaware, are also investing. The latter, with its large customer base, is a strategic partner of Miles Ahead."

"Co-founder De Waele has earned his stripes at incubators such as iMinds and The Beacon. His colleague Burgelman co-founded the IT company Porthus and has extensive experience in data companies."

"Miles Ahead aims to seize the momentum in the business AI market. 'Platforms like OpenAI, the company behind the chatbot ChatGPT, are still generic. Now, business-specific applications need to be built on top of them,' explains Burgelman. 'The current market correction in the technology market offers interesting investment opportunities, and the venture studio approach promises superior returns with lower risk,' say the venture capitalists.

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