ORSA
Overview
ORSA, formerly known as Investsud, is a Belgian evergreen investment fund that has been financing and supporting small and medium-sized enterprises (SMEs) in the Wallonia region for over 40 years.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| AdipoPharma | Jan 2023 | Series A | Co-investor |
| Brenus Pharma | Jul 2026 | Series A | Co-investor |
| Sunrise Group | Sep 2025 | VC Round | Co-investor |
| Myocene | Jun 2024 | VC Round | Co-investor |
| Cikisi | Aug 2023 | Seed | Co-investor |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is ORSA based?
ORSA is headquartered in Marche-en-Famenne, Belgium.
When was ORSA founded?
ORSA was founded in 1985.
How many portfolio companies does ORSA have?
ORSA has 14 portfolio companies in Caplight's dataset.
What are some companies in ORSA's portfolio?
Portfolio companies visible on Caplight include AdipoPharma, Brenus Pharma, Sunrise Group, Myocene, Cikisi.
What was ORSA's most recent investment shown here?
ORSA's most recent investment in this portfolio sample was in Brenus Pharma in 2026.
What sectors does ORSA focus on?
ORSA focuses on Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, FinTech, Healthcare & Life Sciences, Enterprise Software, Healthcare & Life Sciences, Energy & Sustainability, Real Estate & PropTech, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure.
What company stages does ORSA focus on?
ORSA typically invests at the Mid stage.