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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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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, 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
Hardware (& Manufacturing) • IoT (& Wearables) • A.I. (& Big Data) • Blockchain (& Cryptos) • Cloud Services (& Infrastructure) • Developer tools • Material Science • DeepTech
Principal at Lunar Ventures - DeepTech VC Investor
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,
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Blockchain, Cybersecurity, Infrastructure, SpaceTech, DeepTech, AI, ML
Not Interested In
FinTech, AdTech, Ecommerce, CleanTech, BioTech
Ann Arbor - Michigan, Luxembourg
Software (Web Marketplace Saas..) • Businesses Solutions • FinTech (& Financials services) • HealthTech (& Fitness) • Medical Devices (& Hospital Services) • Healthcare (& Wellness)
Managing Partner at Mangrove Capital Partners
Miami - Florida, U.S.A. - Luxembourg - India
Blockchain (& Cryptos)
General Partner at BlockTower Capital
Sanat Rao serves as Venture Partner at IDG Ventures India. Previously, he served as an Advisor at ProductNation. He serves as an Angel Investor. He is also a Fellow at iSPIRT, a Thinktank focused on India's Software Product Industry, where he helps connect top India startups to US companies for investments and M&A. He has over 20 years of experience in the industry across investment and operational roles. Prior to IDG Ventures, Sanat was a Partner, Corporate Development and M&A at ISPIRT, where he was responsible for 12 M&A transactions in the Indo-US corridor. He was an active angel investor with investments in Marketplaces and new age fields such as Artificial Intelligence and Machine Learning. Sanat has previously held roles on the Investment & Corporate Development teams at Intel Capital where he was involved with several transactions including PCCW, OPlus & Infineon. He managed Intel's $100M Embedded business in emerging markets including India, Latin America and South East Asia. Sanat has also held several senior positions in engineering and marketing at Intel in Santa Clara, CA and Phoenix, AZ. Sanat is an Advisor to the Saha Fund, India's first venture fund for women entrepreneurs, and is an active mentor at Microsoft Ventures India. He has a MS in Computer Engineering from Virginia Tech & is a visiting faculty at the Stanford Graduate School of Business. He also serves as Advisor at LetsVenture Online.
Los Angeles - 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 - Singapore
Online Social • Woman Focused
Most Interested In I believe that the future of software is for human empowerment, not replacement. Tools and technologies that helps people collaborate more, work smarter, connect deeper, empower each other, communicate further, do more faster, sell better, or have greater reach. Think along the lines of: Collaboration and Productivity Tools, Gig Economy & Freelancing, CRMs and Personal CRMs, Social Media & Communication Platforms. Some deeper specialties include Marketplaces or products designed for Gen Z.
Washington District of Columbia - Alexandria Virginia - Virginia, Luxembourg
IT (& TMT) • FinTech (& Financials services) • Insurance (& InsurTech)
Managing Partner, MiddleGame Ventures
Pascal Bouvier serves as Venture Partner at Santander InnoVentures. He also serves as a General Partner at Route 66 Ventures. He is also an angel investor.
, Luxembourg - U.K. - U.S.A. - Israel
AgroTech • Hardware (& Manufacturing) • Energy • CleanTech • A.I. (& Big Data) • Logistics (& Distribution) • Robotics • Aerospace (& Defense) • DeepTech • Mobility
Deep tech investor at Promus Ventures
, 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
Software (Web Marketplace Saas..) • PropTech • FinTech (& Financials services) • Retail (& E-Commerce) • Real Estate (& Construction)
Chairman at CAV Investment Group
Dublin, Belgium - 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
Software (Web Marketplace Saas..) • Businesses Solutions • FinTech (& Financials services) • A.I. (& Big Data) • Analytics • Developer tools • Mobile Apps • Productivity
Eoghan McCabe is a Co-Founder and serves as Chief Executive Officer at Intercom. Previously McCabe served as the Chief Executive Officer at Exceptional. Prior to this he served as the Chief Executive Officer at Contrast. He received his BA in computer science from the Trinity College, Dublin.
Milan, Italy - Luxembourg
AgroTech • Hardware (& Manufacturing) • Energy • CleanTech • Food & Beverage • Impact • Material Science
Investment Manager, Nanotech Engineer
Lombardia, Italy - 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
Software (Web Marketplace Saas..) • Education
Raimondo Bruschi is the Founder at sgush and Taskupper and a Mentor at Talent Garden. Raimondo was the Founder and CEO of Servizi Internet. Raimondo attended the University of Milan, the University of Brescia, and the University of Parma.
Gelderland The, Netherlands - 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, M
Software (Web Marketplace Saas..) • Productivity
Michiel Westerbeek is a Co-Founder at Tella.
