BAMS Angels Fund I (BAF I) was launched in December 2005 by Christophe Guisset, Michel Helbig de Balzac and Maurice Olivier, co-Managing Partners, and Michel Beelen, Chief Financial Officer, who were soon joined by Bart Luyten.

BAF I brought together 30 experienced individual “angel” investors and selected institutional investors such as ING Belgium and Nivelinvest, and invested in nine early-stage projects in and around Belgium, out of which two have been exited (see the list under “Investment Portfolio”).

The “first round” investment period of BAF I was formally closed in October 2008.