Founded in 2010 by three women, Karmijn Kapitaal focuses on investing in non-listed SME companies in various sectors such as production, trade, and services. They prioritize companies with female CEOs or a significant representation of women in the management team. The fund typically invests in companies with at least five years of operating history and aims to make investments ranging from EUR 2 million to EUR 13 million. Some of their notable investments include Fred de la Bretonière, Tuvalu Media, Enrico, and Jopenbier. Karmijn Kapitaal III, their latest fund, launched in 2021 and targets the consumer non-durables sector in Belgium, Luxembourg, and the Netherlands.