Rombit sets out its growth plan at Log!Ville, with Minister Van Peteghem in attendance

18/02/2022 — minutes reading time

Rombit announced a major capital increase during a press conference at Log!Ville. The Antwerp tech company – one of our Start2Scale-up partners – is the first to receive financial support from the Belgian Recovery Fund (BRF).

The BRF was launched in September 2021 to better support companies to relaunch post-Covid. The first investment of 20 million euros is going to Rombit. During the coronavirus crisis the company made its name with Romware, one of the first digital bracelets to monitor physical distancing on the shop floor. The device also features other applications to promote safety in the workplace.

“This initial investment marks the start of our Transformation Fund,” said Deputy Prime Minister and Minister of Finance Vincent Van Peteghem. “In the coming months we will provide a post-corona kickstart to more healthy and ambitious Belgian companies.”

This investment will enable Rombit – founded in 2012 by Jorik Rombouts – to accelerate its growth, continue its international expansion and create new jobs. At the moment, the company serves more than 250 customers around the globe and employs 65 staff. By 2024 it expects to double its turnover and hire more than 60 employees.