Capricorn Venture Partners plans to raise an E100M for its Capricorn Venture Fund II to invest in European technology companies.
The VC also announced a merger with Neo Group Ventures, an early-stage investor also based in the Belgian town of Leuven.
Capricorn said it hoped to raise most of the money from Belgian and international institutional investors.
The fund will invest in IT and the medical and healthcare sectors.
Capricorn believes the funding difficulties many entrepreneurs face at present means Capricorn II will be able to choose from a wide range of projects.
Jos Peeters, managing director of Capricorn said this meant 2001 would be a “grand cru year for technology investing”.
Neo Group Ventures will transfer its VC investment management activity in early-stage technology companies to Capricorn Venture Partners.
Capricorn Venture Partners was set up in 1993.
Neo Group Ventures was created in 2000 and has invested in three early stage ventures.