Luxembourg's startup ecosystem is steadily growing, with Luxembourg City being the primary hub for innovation. As of 2023, Luxembourg is home to around 500 startups. The Luxembourgish government supports entrepreneurship through initiatives like Luxinnovation and the Luxembourg House of Startups, which provide funding, resources, and mentorship for startups.
Size of the Market
In 2022, Luxembourgish startups raised approximately €200 million in venture capital. The market is relatively small, with around 500 startups, but it is growing steadily due to continuous investment and support from the government and private sectors.
Key Strengths
Strengths of the Luxembourgish market include a highly educated workforce, a strategic location in Europe, and a strong financial sector. Luxembourg City is known for its strengths in fintech, healthtech, and space technology, attracting significant investments and producing notable startups like Talkwalker and Spire Global.
Major Hubs
Luxembourg City is the primary hub for innovation in Luxembourg. It is known for its strengths in fintech, healthtech, and space technology. The presence of world-class universities and research institutions fosters a collaborative environment for startups.
Emerging Hubs
While Luxembourg City is the main hub, other areas in Luxembourg are also seeing growth in startup activity. These emerging hubs benefit from the country's strategic location and strong infrastructure, which support the expansion of innovative businesses.
Support Systems
The Luxembourgish startup ecosystem benefits from a strong network of incubators, accelerators, and co-working spaces, providing support and resources for entrepreneurs. Initiatives like the Luxembourg-City Incubator and the House of Entrepreneurship have significantly boosted the ecosystem by offering mentorship, resources, and international exposure.
Challenges
Challenges include high living costs and a small domestic market. These factors can limit the growth potential for startups looking to scale rapidly within Luxembourg. However, the strong support systems in place help mitigate some of these challenges.
Opportunities and Future Outlook
Luxembourg is making significant strides in innovation and entrepreneurship, with substantial growth opportunities driven by continuous investment and technological advancement. The country's strategic location in Europe and its role as a global financial hub provide startups with opportunities for international expansion.
Resilience and Adaptability
Despite the challenges, Luxembourg's startup ecosystem has shown resilience and adaptability. The strong emphasis on innovation and technology, coupled with pro-business policies and robust infrastructure, make Luxembourg an attractive destination for entrepreneurs and investors. As the country continues to invest in its startup ecosystem, it is poised for further growth and development, contributing significantly to the European and global markets.
How to connect with Angel Investors in Luxembourg?
Overview
Luxembourg's startup ecosystem is supported by a mix of top angel investors and leading venture capital firms. These investors play a crucial role in providing the necessary capital, mentorship, and resources for startups to grow and thrive. The country's strategic location, robust financial sector, and strong support systems make it an attractive destination for both startups and investors.
Top Angel Investors
Angel investors in Luxembourg are known for their active involvement in the startup ecosystem. Prominent angel investors include serial entrepreneurs and high-net-worth individuals who invest their own capital in early-stage startups. They not only provide funding but also offer valuable mentorship and industry connections. Notable angel investors in Luxembourg include Marc Coucke, Michel Delloye, and Jean-Claude Biver.
Leading Venture Capital Firms
Luxembourg is home to several leading venture capital firms that focus on a diverse range of sectors. Some of the top firms include Mangrove Capital Partners, which has a broad investment scope across technology and innovation sectors, and eCAPITAL, known for investing in early-stage startups in the fintech, healthtech, and cleantech sectors. These firms provide significant funding and strategic guidance to help startups scale and succeed.
Investment Size and Scope
The investment size in Luxembourg's startup ecosystem varies widely, with angel investments typically ranging from €50,000 to €500,000, while venture capital firms invest amounts ranging from €1 million to €10 million or more. The scope of investments covers a broad spectrum of industries, including fintech, healthtech, space technology, and green energy, reflecting Luxembourg's diverse economic landscape.
Number of Investments
In recent years, the number of investments in Luxembourg's startup ecosystem has been steadily increasing. In 2022, there were over 100 significant investment deals, totaling approximately €200 million in venture capital. This growing trend is indicative of the vibrant and dynamic nature of the startup environment in Luxembourg.
Future Outlook of the Investment Market
The future outlook for Luxembourg's investment market is highly positive. With continuous support from the government, a strategic location in Europe, and a growing interest from international investors, the ecosystem is poised for substantial growth. The focus on innovation and technology, particularly in fintech and space technology, is expected to attract even more investments in the coming years.
Support and Mentorship
Luxembourg's startup ecosystem benefits from robust support systems that include incubators, accelerators, and co-working spaces. Initiatives like Luxinnovation, the House of Startups, and the Luxembourg-City Incubator provide essential resources, mentorship, and networking opportunities for startups. These support systems are crucial in helping startups navigate challenges and scale their businesses effectively.
Conclusion
Luxembourg's startup ecosystem is thriving, thanks to the active participation of top angel investors and leading venture capital firms. The investment size and scope are diverse, catering to a wide range of industries. With a positive future outlook, strong support systems, and a strategic location, Luxembourg is well-positioned to continue its growth trajectory, contributing significantly to the European and global innovation landscape.
Case Studies: Successful Funding Rounds with Angel Investors on Angels Partners
We found 293 Angel Investors in Luxembourg on Angels Partners
Mark Williamson
Investing in Software (Web Marketplace Saas..) &b...
Los Altos - California, U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
Previous Investments
• MasterClass:
(mid stage)
• RestoreHealth.com:
• Zoodles:
(early stage)
• Tastemakers, Inc. (Shelfari.com):
• Xip:
$5000000 (Seed)
• Hivemapper:
$18000000 (Series A)
• Tylko:
$26000000 (Series C)
• Fieldwire:
$1000000 (Seed)
• Spool:
(Seed)
• Tule:
(Seed)
• SendHub:
(Series Unknown)
• Kamcord:
$15000000 (Series B)
• Kamcord:
$10000000 (Series A)
• Kamcord:
$2000000 (Seed)
• Orion Labs:
(Seed)
• Patients Know Best:
(Seed)
• Remitly:
$750000 (Seed)
Mark Williamson
Los Altos - California, U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
Investing In
Software (Web Marketplace Saas..) • Businesses Solutions • Online Social
Description
COO & Board Member at MasterClass
COO & Board Member at MasterClass
Founder @restorehealth @zoodles (acq by HTC), @shelfari (acq by Amazon)• Edu @massachusetts-institute-of-technology, @university-of-illinois-urbana-champaign
Mike Volpi
Investing in FinTech (& Financials services) &bul...
San Francisco Bay Are..., U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland, Monaco
Previous Investments
• Climax Foods:
$44017000000 (Later stage VC)
• Starburst Data:
$118000000 (Later stage VC)
• Fast (Application Software):
$102000000 (Later stage VC)
• Duo Security:
$70000000 (Later stage VC)
• Kano Computing:
$28000000 (Later stage VC)
• Figma:
$25000000 (Later stage VC)
• Built Technologies, Inc.:
$21000000 (Early stage VC)
Investing in Software (Web Marketplace Saas..) &b...
Menlo Park , San Fran..., U.S.A. - Israel - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Icelan
Previous Investments
• Vayyar Imaging:
$109000000 (Later stage VC)
• VDOO:
$57000000 (Later stage VC)
• Cloudleaf:
$26000000 (Later stage VC)
• Fakespot:
(Series A)
• Fakespot:
$4000000 (Series A)
• Sumatra:
$2000000 (Seed)
• MRGN:
(Pre Seed)
• MRGN:
(Pre-Seed)
• Ash Wellness:
$3000000 (Seed)
• Ash Wellness:
(Seed+)
• AppliedXL:
$4000000 (Seed)
• AssetDash:
(Pre Seed)
• Tabula:
$3000000 (Pre Seed)
• Naya:
$6000000 (Seed)
• Thorium Data:
$100000 (Pre Seed)
• OpenAxis:
$2000000 (Pre Seed)
• CACTIVATE:
(Pre Seed)
• Grin Gaming:
(Seed)
• Grin Gaming:
(Seed)
• Docket:
(Seed)
• Ask Vera:
(Seed)
• UrsaLeo:
(Seed+)
• Cactivate:
(Pre-Seed)
• Clearforce:
(Seed)
• Paragon Intel:
(Seed+)
• Intrro:
(Seed)
• Bazze:
(Pre-Seed)
• Asset Dash:
(Pre-Seed)
• Finicast:
$13000000 (Seed)
• Very Good Ventures:
$3000000 (Series A)
• Very Good Ventures:
$3000000 (Series A)
• Prellis Biologics:
$35000000 (Series C)
• Prellis Biologics:
$15000000 (Series B)
• Biomason:
$65000000 (Series C)
• Home Delivery Service (HDS Global):
$5000000 (Series Unknown)
• Rizzle:
$17000000 (Convertible Note)
• EnTribe:
$3000000 (Seed)
• Atonarp:
$50000000 (Series D)
• Atonarp:
$2000000 (Series B)
• Atonarp:
$4000000 (Series A)
• Boom Supersonic:
$50000000 (Series C)
• Extend:
$16000000 (Series A)
• Quartic.ai:
$2000000 (Seed)
• Globality:
$27000000 (Series B)
• Globality:
$10000000 (Series A)
• BangDB:
(Seed)
• Reaction:
$10000000 (Series A)
• Reaction:
$2000000 (Seed)
• Shipster:
(Seed)
• H2O.ai:
$9000000 (Series A)
• Trove:
$5000000 (Series A)
• FUTR Corp.:
$5000000 (Seed)
• Yellowsmith:
$850000 (Seed)
• Printi:
$1000000 (Series A)
• GoPro:
$88000000 (Series A)
Tony Corbin
Menlo Park - San Francisco Bay Area, U.S.A. - Israel - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Icelan
Riverwood Capital is a globally-focused private equity firm that invests in high-growth businesses in the technology and services industries, across a variety of verticals and geographies. Riverwood has offices in Menlo Park, CA and New York, NY and currently has more than 20 investments in North America, Latin America and Asia. The firm's current fund has $780 million of committed capital. The final fund close was in April 2011. Riverwood invests in mid-market technology and technology enabled products and services. The firm defines mid-market as approximately $100-$500 million in revenue for product companies, and approximately $25-$150 million in revenue for software and services. Riverwood occasionally invests outside these ranges. Riverwood invests on a global basis, having already invested in the U.S., Israel, Argentina, Chile, and Brazil. The firm's normal investment size ranges from $25-75 million.
Max Rimpel
Investing in Businesses Solutions
New York, U.S.A. - U.K. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland,
Previous Investments
• Climax Foods:
$44017000000 (Later stage VC)
• Starburst Data:
$118000000 (Later stage VC)
• Fast (Application Software):
$102000000 (Later stage VC)
• Wealthfront:
$75000000 (Later stage VC)
• Duo Security:
$70000000 (Later stage VC)
• Kano Computing:
$28000000 (Later stage VC)
• Figma:
$25000000 (Later stage VC)
• Built Technologies, Inc.:
$21000000 (Early stage VC)
• Behavox:
$20000000 (Later stage VC)
• Less:
$19000000 (Early stage VC)
• Homebell:
$11000000 (Later stage VC)
• Scoop Technologies:
$10600000 (Early stage VC)
• Trouva:
$10000000 (Early stage VC)
• Spendesk:
$8000000 (Early stage VC)
• Gremlin Inc:
$7500000 (Early stage VC)
• Linear:
$4200000 (Early stage VC)
• Supersolid:
$4000000 (Early stage VC)
• Pitch Software:
• Taxfix:
(mid stage)
• arfa, Inc.:
(early stage)
• Personio:
(mid stage)
• ComplyAdvantage:
(mid stage)
• Typeform.com:
(late stage)
• Chalk:
$10000000 (Seed)
• Bandana:
$4000000 (Seed)
• ChannelEngine:
$50000000 (Series B)
• Enigma:
(Seed)
• cargo.one:
$42000000 (Series B)
• cargo.one:
$19000000 (Series A)
• Layer:
$5000000 (Seed)
Max Rimpel
New York, U.S.A. - U.K. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Iceland,
Investing In
Businesses Solutions
Description
Principal at Index Ventures
Principal at Index Ventures
Marek Olszewski
Investing in Software (Web Marketplace Saas..) &b...
San Francisco Bay Area, Germany - U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Icela
Previous Investments
• CodeFights:
$2500000 (Seed Round)
• Capsule Wallets:
(Seed)
• Remox:
(Pre Seed)
• Numoen:
$1000000 (Seed)
• CyberBox:
$150000 (Seed)
• impactMarket:
$2000000 (Seed)
• Paychant:
$400000 (Pre Seed)
• Ari Swap:
$700000 (Pre Seed)
• Payourse:
$600000 (Pre Seed)
• Coinprofile:
$600000 (Pre Seed)
• Netra:
$500000 (Convertible Note)
• CodeSignal:
$3000000 (Seed)
• Accion Systems:
$2000000 (Seed)
Marek Olszewski
San Francisco Bay Area, Germany - U.S.A. - Europe: Germany, United Kingdom, France, Italy, Spain, Poland, Romania, Netherlands, Belgium, Czech Republic, Greece, Portugal, Sweden, Hungary, Austria, Switzerland, Denmark, Finland, Slovakia, Norway, Ireland, Luxembourg, Malta, Icela
Dr. Marek Olszewski is a Co-Founder of Celo. He is a Co-Founder and served as the Chief Technology Officer at Locu. Prior to Locu, Marek was a senior PhD candidate at MIT CSAIL. He is a Facebook Fellow and the recipient of the J. Edgar McAllister Fellowship. He has prior work experience at a number of technology companies including Google, Microsoft (Research) and Sun (Labs). He is also an angel investor.
Jonathan Medved
Investing in Businesses Solutions • HealthTe...
San Francisco Bay Area, Israel - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Previous Investments
• TetaVi:
$20000000 (Series A)
• SaNOtize:
$24000000 (Series B)
• Sotero:
$8000000 (Seed)
• MAOLAC:
$3000000 (Seed)
• BioLumic:
$14000000 (Series B)
• Mermade Seafoods:
$3000000 (Seed)
• Oriient:
$11000000 (Series A)
• Sequentify:
$7000000 (Seed)
• Rewire:
$25000000 (Series Unknown)
• Rewire:
$20000000 (Series B)
• JumpCloud:
$66000000 (Series F)
• Zippin:
$30000000 (Series B)
• Yoom:
$20000000 (Series A)
• MaterialsZone:
$6000000 (Series A)
• Edgybees:
$10000000 (Series A)
• OncoHost:
$8000000 (Series B)
• Superpedestrian:
$60000000 (Series Unknown)
• MigVax:
$12000000 (Series Unknown)
• MedAware:
$8000000 (Series A)
• MedAware:
$1000000 (Convertible Note)
• MedAware:
$1000000 (Series Unknown)
• Wave:
$10000000 (Series C)
• Peer39:
$500000 (Seed)
• Answers Corporation:
$1000000 (Series B)
Jonathan Medved
San Francisco Bay Area, Israel - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Media • FinTech (& Financials services) • Retail (& E-Commerce) • Entertainment (& Sports) • A.I. (& Big Data) • Future Of Work • Mobility
Yannick Oswald
Investing in Sales (& Marketing) • A.I. (& B...
London, U.K. - Luxembourg
Previous Investments
• Lesara:
$33330000 (Later stage VC)
• FreedomPop:
$30000000 (Later stage VC)
• Job Today:
$20000000 (Later stage VC)
• prooV:
$14000000 (Later stage VC)
• Moov:
$12000000 (Later stage VC)
• Red Points:
$12000000 (Later stage VC)
• Tailor Brands:
$4000000 (Early stage VC)
• Kang Health:
$3300000 (Seed Round)
• TravelNest:
$3000000 (Seed Round)
• Badi:
$3000000 (Later stage VC)
• Qoorio:
$2210000 (Seed Round)
• Albert:
$500000 (Seed Round)
• Villiger:
(Seed Round)
• ezeep:
(Later stage VC)
• Flo (Application Software):
• Ucpaas:
$300000000 (Later stage VC)
• letgo:
$175000000 (Later stage VC)
• K Health:
$42000000 (Later stage VC)
• Sybel:
$4370000 (Seed Round)
• SYBEL.CO:
(early stage)
• Flo Health Inc.:
(early stage)
• Safe365:
• loomion AG:
(early stage)
• FJ Labs:
• Frak Labs:
$500000 (Pre Seed)
• Sifflet:
$13000000 (Series A)
• Sifflet:
$5000000 (Seed)
• Attentive:
$1000000 (Seed)
Yannick Oswald
London, U.K. - Luxembourg
Investing In
Sales (& Marketing) • A.I. (& Big Data)
Description
VC I Europe
Partner at Mangrove Capital Partners
Mr. Yannick Oswald serves as a Partner at Mangrove Capital Partners. He served as Angel Investment Analyst at Fabrice Grinda Angel Investments - FJ Labs. He serves as the Board Member at Sybel, Safe365, Qoorio, and Echobox. He previously served as Board Observer at Divido.
Nikolas Krawinkel
Investing in Hospitality (& Events) • A.I. (...
Berlin, Germany
Previous Investments
• Lesara:
$33330000 (Later stage VC)
• FreedomPop:
$30000000 (Later stage VC)
• Job Today:
$20000000 (Later stage VC)
• prooV:
$14000000 (Later stage VC)
• Moov:
$12000000 (Later stage VC)
• Red Points:
$12000000 (Later stage VC)
• Tailor Brands:
$4000000 (Early stage VC)
• Kang Health:
$3300000 (Seed Round)
• TravelNest:
$3000000 (Seed Round)
• Qoorio:
$2210000 (Seed Round)
• Albert:
$500000 (Seed Round)
• Villiger:
(Seed Round)
• ezeep:
(Later stage VC)
• Flo (Application Software):
• Ucpaas:
$300000000 (Later stage VC)
• letgo:
$175000000 (Later stage VC)
• K Health:
$42000000 (Later stage VC)
• Collato:
• Elma:
• Helpling:
(early stage)
• GLOSSYBOX:
(early stage)
• AllesAnna.de:
• greenworkx:
$750000 (Pre Seed)
• Finmatics:
$6000000 (Series A)
• Adverity:
$30000000 (Series C)
• Adverity:
$12000000 (Series B)
• Adverity:
$4000000 (Series A)
• Badi:
$30000000 (Series B)
• Badi:
$10000000 (Series A)
• Badi:
$3000000 (Series Unknown)
• Badi:
$3000000 (Seed)
• Badi:
$320000 (Seed)
• ConstruConnect:
(Seed)
Nikolas Krawinkel
Berlin, Germany
Investing In
Hospitality (& Events) • A.I. (& Big Data) • Analytics
: Germany France Italy Spain Poland Romania Netherlands Belgium Czech Republic Greece Portugal Sweden Hungary Austria Switzerland Denmark Finland Slovakia Norway Ireland Luxembourg Malta Iceland Monaco, U.S.A.
Ivan Zgomba serves as Partner, Ventures at Plug and Play Tech Center. He leads investments across number of evolving verticals. Under Ivan's leadership, Plug and Play has invested in over 100 rapidly growing technology startups and has helped portfolio companies collaborate with corporations from around the world. Ivan was privileged to invest in many well-known and brilliant entrepreneurs.
+293
