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
Christopher Dean
Investing in Software (Web Marketplace Saas..) &b...
Boston - Massachusetts, U.S.A. - Western Europe: Austria, Belgium, France, Germany, Ireland, Liechtenstein, Luxembourg, Monaco, Netherlands, Switzerland, United Kingdom
Previous Investments
• ShipMonk:
$290000000 (Private Equity)
• Brooklinen:
$50000000 (Series B)
• AceUp:
$650000 (Pre Seed)
• SidelineSwap:
$2000000 (Seed)
• SidelineSwap:
$2000000 (Seed)
Christopher Dean
Boston - Massachusetts, U.S.A. - Western Europe: Austria, Belgium, France, Germany, Ireland, Liechtenstein, Luxembourg, Monaco, Netherlands, Switzerland, United Kingdom
Vice President, Media & Entertainment, Salesforce Industries at Salesforce
Chief Strategy Officer and Head of BD, @skype (11/08-06/11)
25 years of Consumer, Tech and Finance start-up experience
Kellogg MBA '93, Vassar BA Econ '86
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
CEO/Founder of OurCrowd | Serial Entrepreneur | Venture Capitalist | Angel Investor
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.
Roy Saar
Investing in Software (Web Marketplace Saas..) &b...
: 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.
Principal at Lunar Ventures - DeepTech VC Investor
Todd Goldberg
Investing in Software (Web Marketplace Saas..) &b...
San Francisco Bay Area, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Previous Investments
• Command E:
$4300000 (Seed)
• Pitch:
$30000000 (Series B)
• Mercury:
$20000000 (Series A)
• CityFurnish.com:
$5000000 (Series A)
• Clearbit:
$2000000 (Seed)
• Zed Industries:
$13000000 (Series A)
• Bubbles:
$9000000 (Seed)
• PetsApp:
$4000000 (Seed)
• ScienceIO:
$8000000 (Seed)
• Syndicate:
$20000000 (Series A)
• Syndicate:
$800000 (Seed)
• Verifiable:
$17000000 (Series A)
• NexHealth:
$31000000 (Series B)
• Eight Sleep:
(Angel)
• Simplified:
$2000000 (Seed)
• Placer.ai:
$50000000 (Series B)
• Mem:
$6000000 (Seed)
• Doppler:
$7000000 (Series Unknown)
• Descript:
$30000000 (Series B)
• OpenPhone:
$14000000 (Series A)
Todd Goldberg
San Francisco Bay Area, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
I love creating something from nothing.
Health and Wellness
Productivity
Previously founded @eventjoy (Acq. by @ticketmaster). Y Combinator Alum. Product fanatic.
Immad Akhund
Investing in Software (Web Marketplace Saas..) &b...
San Francisco Bay Are..., U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
Previous Investments
• Porter:
$2000000 (Seed Round)
• Ocho:
$4500000 (Seed Round)
• Rain Industries:
$10000000 (Seed)
• Proof of Play:
$33000000 (Seed)
• Linear:
$35000000 (Series B)
• Lantern:
$7000000 (Seed)
• Browse AI:
$3000000 (Seed)
• Parabola:
$24000000 (Series B)
• Honey Homes:
$9000000 (Series A)
• Openlayer:
$5000000 (Seed)
• Finta:
$2000000 (Seed)
• T2:
$1000000 (Seed)
• Craftwork:
$4000000 (Pre Seed)
• Carry:
$5000000 (Seed)
• PriceOye:
$8000000 (Seed)
• Latitud:
$2000000 (Seed)
• Greether:
(Seed)
• Repool:
$4000000 (Seed)
• Topship:
$3000000 (Seed)
• Owner:
$15000000 (Series A)
• Fathom:
$7000000 (Seed)
• HUBUC:
$10000000 (Seed)
• Stonks:
$15000000 (Seed)
• Stack Wealth:
$5000000 (Seed)
• Jupe:
$5000000 (Seed)
• Racket.com:
$3000000 (Seed)
• Udhaar Book:
$6000000 (Seed)
• Zero Hash:
$35000000 (Series C)
• Prospa:
$4000000 (Pre Seed)
• Jeeves:
$57000000 (Series B)
• Anzen:
(Seed)
• Acquire.com:
$6000000 (Seed)
• TAG:
$6000000 (Pre Seed)
• Educative:
$12000000 (Series A)
• Bego:
$14000000 (Seed)
• Albedo:
$10000000 (Seed)
• Lendflow:
$3000000 (Seed)
• TRACTIAN:
$500000 (Pre Seed)
• Vitable Health:
$2000000 (Pre Seed)
• Walnut:
$3000000 (Seed)
• PopSQL:
$3400000 (Seed Round)
• PopSQL:
$3000000 (Seed)
• AtoB:
$2000000 (Seed)
• Mesh:
(Seed)
• Rad AI:
$8000000 (Seed)
• Routable:
$12000000 (Series A)
• UTVATE:
$5000000 (Seed)
• Prelay:
(Pre Seed)
• Demodesk:
$2300000 (Seed Round)
• Demodesk:
$2000000 (Seed)
• Naborly:
$8000000 (Seed)
• Pair Team:
$3000000 (Seed)
• Golden:
$5000000 (Seed)
• Pronto:
$2000000 (Seed)
• Jerry:
$9000000 (Series A)
• Fazz:
$21000000 (Series A)
• Etleap:
$2000000 (Seed)
• Haiku:
$3000000 (Seed)
• Scotty Labs:
$6000000 (Seed)
• Proof:
$2000000 (Seed)
• Atrium LTS:
$11000000 (Series A)
• Fibo:
$2000000 (Seed)
• Terminal49:
$2000000 (Seed)
• DocTalk:
(Seed)
• Starcity:
$4000000 (Seed)
• Iris Automation:
(Seed)
• Marble:
(Seed)
Immad Akhund
San Francisco Bay Area - California, U.S.A. - Global: U.S.A., Australia, Canada, Germany, U.K., Israel, France, Italy, Spain, Netherlands, Belgium, Switzerland, Denmark, Finland, Luxembourg, Malta, Iceland
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.
Rodrigo Sepulveda
Investing in Advertising • Productivity
San Francisco Bay Area, U.S.A. - France - Luxembourg - 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,
Previous Investments
• Culture Secrets:
(Seed Round)
• Demenager Facile:
(Seed Round)
• Holberton School:
$2000000 (Seed Round)
• RecargaPay:
(Convertible Note)
• Dott:
$100000000 (Series B)
• Dott:
$34000000 (Series A)
• Wizata:
$3000000 (Series A)
• Wizata:
$2000000 (Seed)
• Nannybag:
$2000000 (Seed)
• Nannybag:
(Convertible Note)
• Wefarm:
$13000000 (Series A)
• Smartrenting:
(Series A)
• Spire Global:
$40000000 (Series D)
• Spire Global:
$70000000 (Series C)
• Service:
(Convertible Note)
• Verse:
$5000000 (Series Unknown)
• OpenExo:
(Convertible Note)
• Pliops:
$30000000 (Series B)
• Salonkee:
$1000000 (Seed)
• Passbolt:
$530000 (Seed)
• Glose:
$3000000 (Series Unknown)
• Catalyte:
$27000000 (Series A)
• Tribe:
$3000000 (Seed)
• Tribe:
$3000000 (Seed)
• Tribe:
$500000 (Seed)
• Nektria:
$2000000 (Series A)
• itravel:
$2000000 (Series A)
• Attach:
(Seed)
• Boostable:
(Seed)
• Allmyapps:
(Series A)
• Manifest:
(Seed)
• Getaround:
$3000000 (Seed)
• amiando:
(Seed)
• Wavestorm:
(Seed)
Rodrigo Sepulveda
San Francisco Bay Area, U.S.A. - France - Luxembourg - 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,
Investing In
Advertising • Productivity
Description
Most Interested In
Blockchain, Cybersecurity, Infrastructure, SpaceTech, DeepTech, AI, ML
Not Interested In
FinTech, AdTech, Ecommerce, CleanTech, BioTech
CEO at @sepulveda-capital. Managing Parter Expon Capital. Serial entrepreneur (5 founded, 3 sold). Invested in North America (CA, NY, FL), Europe (FR, DE, CH).
Alain Rodermann
Investing in A.I. (& Big Data) • Aerospace (...
San Francisco , San B..., Luxembourg
Previous Investments
• Next Gate Tech:
$2250000 (Seed Round)
• Finarta:
• GMP-Orphan:
(Early Stage VC)
• Attach:
$80000 (Seed Round)
• Atomz:
$15000000 (Early Stage VC)
• Hydrosat:
$23000000 (Series A)
• Hydrosat:
$5000000 (Seed)
• Hydrosat:
$5000000 (Seed)
• Dott:
$100000000 (Series B)
• Dott:
$34000000 (Series A)
• Coinhouse:
$5000000 (Series A)
• Wizata:
$3000000 (Series A)
• Wizata:
$2000000 (Seed)
• nexten.io:
$660000 (Seed)
• nexten.io:
$670000 (Seed)
• Nannybag:
$2000000 (Seed)
• Nannybag:
(Convertible Note)
• Wefarm:
$13000000 (Series A)
• Smartrenting:
(Series A)
• Spire Global:
$40000000 (Series D)
• Spire Global:
$70000000 (Series C)
• Service:
(Convertible Note)
• Verse:
$5000000 (Series Unknown)
• OpenExo:
(Convertible Note)
• Pliops:
$30000000 (Series B)
• Salonkee:
$1000000 (Seed)
• Passbolt:
$530000 (Seed)
• Glose:
$3000000 (Series Unknown)
• Catalyte:
$27000000 (Series A)
• Tribe:
$3000000 (Seed)
• Nektria:
$2000000 (Series A)
• itravel:
$3000000 (Series A)
• itravel:
$2000000 (Series A)
• TAK imaging:
(Angel)
Alain Rodermann
San Francisco - San Bruno, Luxembourg
Investing In
A.I. (& Big Data) • Aerospace (& Defense) • Consumer
Description
Founding Partner at Expon Capital
Mr. Alain Rodermann is a Co-Founder & serves as Managing Partner at Expon Capital. He serves as a Board Member at Coinhouse. He serves as Board Observer at itravel. He is a senior Venture Capitalist, an entrepreneur and a former technical leader in global corporations. He spent the first eight years of his career in technical positions, leveraging his studies in mathematics, electrical engineering and computer science. He understood in 1995 that Internet Technologies would revolutionize the entire IT industry and decided to be part of this revolution by joining the startup ecosystem. After an MBA in 1997, Innovacom, the Venture Arm of France Telecom, hired him for his expertise in Internet technologies. As an Investment Director he invested at an early stage in companies and had notable successes with the IPOs of Netvalue, Integra and Lastminute.com, a company that generated $3 billion in yearly revenues just 6 years after inception. He became a Partner at Sofinnova in 1999, a leading pan-European venture capital firm with a diversified early-stage Life Science / IT strategy. He experienced the dotcom boom and burst, and the tough years that followed, for both startups and VCs. In this context, he managed to secure successes in Europe and the US (Emailvision, Maximiles, Atomz and Wyplay). He received a Master of Science in Electrical Engineering from Supélec, and graduated summa cum laude from Institut d'Etudes Politiques de Paris (Sciences Po) where he obtained an MBA. He also holds an Associate Degree in Mathematics and a Bachelor of Arts in Art History. He served as Board Member at Sirdata.
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