Jumping up six spots within one year, Luxembourg has ascended to 34th place in the Global Startup Ecosystem Index and placed 16th in Europe. Overtaking Poland, Czechia, Bulgaria, and Romania, Luxembourg is showing great strides in the development of its startup ecosystem and value. According to the Luxembourg Fund Industry Association, Luxembourg is the largest fund domicile in Europe and a global leader in the cross-border distribution of funds. In this article, we have compiled a comprehensive list of the top VC funds and angel investors in Luxembourg that may be the right funding partner for you.
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Topics Covered:
Why Should You Raise Funds in Luxembourg
Venture Capitalist Funds in Luxembourg
Angel Investors in Luxembourg
Closing Thoughts on VCs and Angel Investors in Luxembourg
Why Should You Raise Funds in Luxembourg?
One of the most compelling reasons why startups should raise funds in Luxembourg is undoubtedly the country's highly favorable business environment due to the efforts of the public sector, which has been active in fostering an environment that encourages innovation and entrepreneurship.
One of the largest initiative is the Startup Luxembourg ecosystem, which is suported by the Ministry of the Economy and currently includes over 500 startups as well as more than 15 startup incubators and accelerators. One notable incubator is the Fit 4 Start programme, which provides EUR150,000 equity-free funding for startups to launch and scale ventures on the European and international market. Overall, the ecosystem provides startups access to financial assistance for various stages of maturity along with numerous events dedicated to the creation of businesses. Some major events that happen annually include the Arch Summit and ICT Spring, an event where entrepreneurs, industry leaders, investors, and experts in the technology sector can meet.
Other government initiatives also include Digital Luxembourg which support the country's digital initiatives through entrepreneurship, the Espace Entreprises information centre of the Chamber of Commerce and the Contact Entreprise service of the Chamber of Trade, which provides businesses with information and advice on businesses, and Business Mentoring scheme of the Chamber of Commerce that support the development of companies. Luxinnovation, the national agency for innovation and research, assists startups at all stages of growth, from ideation and business planning to fundraising and establishing relationships with partners.
Overall, Luxembourg presents a thriving startup community backed by supportive public sector efforts, which makes it a great landing pad for startups trying to reach to the whole EU market.
Venture Capitalist Funds in Luxembourg
The venture capitalist funds below are actively looking for investments in promising companies throughout various stages and sectors. The stages stated do not limit the possibility of getting funding if your company is at any stage other than what is listed.
Year of Inception: 2020
Stage: Pre Seed, Seed
Focus: ClimateTech, Transportation, Energy, Food & Agriculture, Industry & Buildings, Carbon Removal, Circular Economy
Notable Portfolio: Kubik, Orgeo Earth, Fullsoon, Arda, Onima
Satgana is an early-stage venture capital firm with a clear mission: investing in the future of Earth. They focus on supporting planet-positive startups in the climate tech industry, helping them build a sustainable future. With their funding-focused workshop, Satgana aims to further empower and uplift entrepreneurs in the climate tech space.
Year of Inception: 2017
Stage: Pre Seed, Seed
Focus: Marketplaces
Notable Portfolio: Ovoko, Met Cycle, Metagravity, Pathway, Quiver
Market One Capital is an early-stage venture capital firm that primarily invests in marketplaces and digital platforms across Europe. With a strong emphasis on network effects platforms, Market One Capital aims to empower entrepreneurs and support the growth of innovative startups.
Year of Inception: 2012
Stage: Pre Seed, Seed, Series A, Series B, Series C
Focus: Web 3.0
Notable Portfolio: Alliance, BlackPool, Consensys, Moralis
Fabric Ventures is a venture capital firm that is dedicated to funding visionary founders who are building organizations and institutions for individuals, by individuals. They specialize in investing in scalable decentralized networks and have been actively supporting builders, businesses, and digital assets since 2012. They are known for their active involvement in the Web3 gaming ecosystem and their focus on investing in media, consumer verticals, and infrastructure.
Year of Inception: 2005
Stage: Seed, Series A
Focus: B2B, Cybersecurity, Data and Applications, Infrastructure, Devops, Components, Digital Health, Energy Transition
Notable Portfolio: Constella, Playgiga, Seedtag, Scalefast
Adara Ventures focuses on investing in early-stage deep tech companies on the west coast of Europe. They provide initial investments of up to EUR3 million and are dedicated to supporting the growth and success of their portfolio companies.
Year of Inception: 2012
Stage: Seed, Series A
Focus: Consumer Internet, Digital Media, Mobile, B2B2C Space
Notable Portfolio: TechinAsia, CarFix, FutWork, Fleksy
Simile Venture Partners is an investment firm that primarily focuses on seed-stage and early-stage investments in the consumer internet, digital media, and mobile sectors. With a keen interest in the B2B2C space, Simile Venture Partners seeks out startups that demonstrate clear monetization strategies and possess a strong unique value proposition.
Year of Inception: 2018
Stage: Seed, Series A
Focus: Deep Tech
Notable Portfolio: Stacktape, Quantagonia, Solvemed, Pointee
Tensor Ventures is a venture capital firm that specializes in exploring the frontiers of deep tech innovation and investing in uncharted territories. With a focus on niche startups, Tensor Ventures scouts for promising companies in AI, IoT, Blockchain, Biotech, and Quantum Computing across the CEE+ and UK regions. They are industry specialists in these areas and aim to support and nurture innovative ideas in the field.
Year of Inception: 2015
Stage: Seed, Series A
Focus: FinTech
Notable Portfolio: Revolut, Tandem, Paysend
With a focus on business services, fintech, and technology, Digital Space Ventures seeks out innovative startups that have the potential to disrupt and transform the financial industry. Digital Space Ventures provides funding and support to promising fintech startups, helping them navigate the competitive landscape and accelerate their growth. With a strong emphasis on technology, information, and media, Digital Space Ventures aims to back early-stage fintech startups that are at the forefront of blockchain and other cutting-edge technologies.
Year of Inception: 2016
Stage: Seed, Series A
Focus: Food & Beverage, Health & Care, EdTech, Innovative Retail & Hospitality
Notable Portfolio: Hattingley Valley, Foodji, Odontolia, Cialfo, Kortext
DLF Venture firm operates as a family-owned consumer-focused investment company. The firm places a specific focus on developing products or services that have the potential to disrupt existing markets or create new ones. Their investment approach involves providing capital, strategic guidance, and industry expertise to help companies reach their full potential.
Year of Inception: 2018
Stage: Seed, Series A
Focus: Videogames, Esports, Streaming, Digital Sports
Notable Portfolio: Noodle Cat Games, Playbook, Atom Switch, Carv
Hiro Capital is a venture capital firm that focuses on investing in the rapidly growing areas of games, esports, and digital sports. With a deep understanding of these industries, Hiro Capital seeks to support ambitious entrepreneurs and innovative companies that are reshaping the future of interactive media and entertainment. With a global network and a passion for disruptive technologies, Hiro Capital is committed to driving positive change in the digital entertainment landscape.
Year of Inception: 2010
Stage: Seed, Series A, Series B
Focus: B2B SaaS, Deep Tech, Fintech, Edutech, Digital Health
Notable Portfolio: Mambu, Smava, Lendio, Brainly, Goodays
Runa Capital focuses on investing in early-stage startups in the fields of deep tech, cloud business software, fintech, edutech, and digital health, with a particular interest in quantum computing startups. With three funds raised and over 100 companies invested in Europe and North America, Runa Capital has made notable investments in companies like Nginx, MariaDB, Zopa, Brainly, and Mambu.
Year of Inception: 2018
Stage: Seed, Series A, Series B
Focus: Financial Services
Notable Portfolio: Kayna, Urban Fox, Carta, Capdesk, Wayflyer
Middlegame Ventures (MGV) is a prominent venture capital firm specializing in financial services technology. MGV supports innovation in the financial and technology sector, backing entrepreneurs who are shaping the future of financial services. As a leading player in the industry, MGV provides strategic guidance, capital, and expertise to help startups thrive and reach their full potential.
Year of Inception: 2015
Stage: Seed, Series A, Series B
Focus: Technology
Notable Portfolio: Cascade, Coinhouse, Hydrosat, Verse, Hello Better
Expon Capital is a Luxembourg-based venture capital firm that focuses on investing in private technology companies globally. They support exceptional founders with ambitious teams and bold ideas to solve valuable problems for meaningful impact. With a strong track record and a global perspective, Expon Capital plays a vital role in the growth and development of the technology sector.
Year of Inception: 2006
Stage: Seed, Series A, Series B
Focus: Technology, ICT, HealthTech
Notable Portfolio: Razor Group, N26, Vivenu, Moressier
Redalpine is a leading European venture capital investor that specializes in funding and supporting highly scalable start-ups with a focus on disruptive technologies in the ICT and health tech sectors. Redalpine provides capital, expertise, coaching, and access to a strong network to help ambitious entrepreneurs bring their innovative ideas to life. Known for being early believers in founders' visions, Redalpine has earned a reputation as a reliable and supportive partner.
Year of Inception: 2020
Stage: Seed, Series A, Series B, Series C
Focus: Artificial Intelligence, E-commerce, AR / VR, Circular Fashion, NFTs, Data & Analytics, Retail Tech, Logistics, Digital Goods
Notable Portfolio: LineTen, Data Milk, Absolute Labs, 3D Look
TLF Ventures is a venture capital firm that focuses on investing in visionary entrepreneurs who are shaping the future of the tech luxury world. With a strong emphasis on industry-wide transformation, TLF Ventures backs startups with a clear vision for disruptive impact on a global scale. TLF Ventures aims to support innovative startups that are redefining the boundaries of luxury and technology, driving forward the evolution of the industry.
Year of Inception: 2011
Stage: Seed, Series A, Series B, Series C
Focus: B2B Technology
Notable Portfolio: Juphy, Syntonym, Werover, Bolt Insight
212 VC is a leading venture capital firm that has established itself as a prominent player in the B2B tech startup ecosystem. 212 VC is headquartered in Luxembourg and operates globally, leveraging its extensive network and expertise to support and back bold entrepreneurs in building legendary companies.
Year of Inception: 2013
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Resalta, CWP Renewables, Arboreal, QualSights
PostScriptum Ventures is a venture capital firm that focuses on investing in innovative technology and disruptive business models. With a strong emphasis on supporting early-stage companies, PostScriptum Ventures provides financial backing and strategic guidance to help startups grow and succeed in their respective industries.
Year of Inception:
Stage: Seed, Series A, Series B, Series C
Focus: Industry 4.0
Notable Portfolio: Palturai, Kraftblock, Exein, Flyability
Contact
Future Industry Ventures on investing in companies that operate in verticals expected to shape future industrial systems. As a joint venture between Redstone and SBI Group, Future Industry Ventures combines the expertise of two leading private equity and venture capital firms. With a strong focus on sustainable industrial development, the firm aims to support and fund companies that are driving innovation and sustainability in various sectors
Year of Inception: 2014
Stage: Seed, Series A, Series B, Series C
Focus: Security and Data, Enterprise Software, Internet and Cloud, FinTech and eCommerce, AI and Robotics, Life Science Technologies
Notable Portfolio: Voltron Data, Balbix, Speedata, DataChat
Redline Capital is a venture capital and growth equity investment firm that focuses on backing entrepreneurs who are driving transformation in various industries. They actively invest in fast-growing companies with differentiated technologies.
Year of Inception: 2000
Stage: Seed, Series A, Series B, Series C
Focus: Technology
Notable Portfolio: Wix, Skype, Sybel, Durcal, Sifflet
Mangrove Capital Partners is an innovative venture capital firm based in Europe and Israel. With a focus on early-stage and growth investments, they have established themselves as early backers of several successful unicorns, including Skype, Wix, WalkMe, K Health, and TBOL. They actively seek out disruptive technologies and entrepreneurial talent, providing financing, advice, and industry relationships to help their portfolio companies succeed.
Year of Inception: 2018
Stage: Series A, Series B, Series C, Series D, Series E
Focus: AI / ML
Notable Portfolio:
Alpha Intelligence Capital (AIC) is a global venture capital firm that specializes in investing in deep Artificial Intelligence/Machine Learning (AI/ML) technology-based companies. They believe that AI is the future and actively make early-stage investments in companies that have expertise in algorithmic sciences.
Year of Inception: 2018
Stage: Series B
Focus: Technology, Enterprise Software & Data Analytics, FinTech & InsurTech, HealthTech & Mobility
Notable Portfolio:
Cogito Capital Partners is a venture and growth capital firm that specializes in investing in late-stage and growth-stage technology companies, particularly in the Central and Eastern European (CEE) region. However, they also consider companies with global expansion potential. They actively collaborate and form partnerships with entrepreneurs who are seeking investors with a regional presence in CEE and a global reach.
Angel Investors in Luxembourg
Angel investors may act as an individual or as a syndicate to fund projects of their preference, so these networks are the best opportunity for you to find a potential Angel with an aligned vision and interests.
Stage: Seed, Series A
Focus: Sector Agnostic
Notable Portfolio: -
The Luxembourg Business Angel Network (LBAN) is a prominent early-stage investment ecosystem in Luxembourg and the surrounding region. The network comprises over 120 members who invest more than EUR45 million annually in startups. LBAN encourages private investors to invest in startups and supports entrepreneurs in scaling their businesses.
Closing Thoughts on VCs and Angel Investors in Luxembourg
Luxembourg is one of Europe's most solid economies with a financial powerhouse. Hence, it is without a doubt an appealing destination for startups aiming to expand in European markets. Combined with the country's business-friendly initiatives and regulations, cutting-edge digital infrastructure, and multilingual talent, the Luxembourg startup environment has all the best to offer for startups to grow.
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