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Top 50 Software Startup Investors in Luxembourg (July 2026)

The most active venture capital funds and angel investors investing in Luxembourg Software startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Luxembourg Software startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Expon Capital
VC Fund
15 Luxembourg, France, United States Seed, Series A, Series B Software, E-Commerce, Financial Services $635k–$54M
Motier Ventures
VC Fund
5 France, United States, United Kingdom Seed, Series A, Pre-Seed Artificial Intelligence, Information Technology, Software $1.9M–$30M
Seeder Fund
VC Fund
4 Belgium, Luxembourg, France Seed, Pre-Seed, Series A Software, Information Technology, SaaS $219k–$8M
Frank Veyder
Angel
3 Luxembourg Seed, Convertible Note SaaS, Software, Real Estate
Laurent Schonckert
Angel
3 Luxembourg Seed, Convertible Note SaaS, Software, Real Estate
John Li
Angel
3 Luxembourg Seed, Convertible Note SaaS, Software, Real Estate
Eric van de Kerkhove
Angel
3 Luxembourg Seed, Convertible Note SaaS, Software, Real Estate
NewAlpha Asset Management VC
VC Fund
3 France, Canada, Belgium Series A, Series B FinTech, Software, Information Technology $2.2M–$42M
Matthias Hilpert
Angel
2 Germany, United Kingdom, United States Seed, Series A, Pre-Seed Software, SaaS, Information Technology $800k–$14M
Middlegame Ventures
VC Fund
2 Ireland, United Kingdom, United States Series A, Seed FinTech, Financial Services, Software $1.7M–$33M
Angelsquare
VC Fund
2 France, United States, Switzerland Seed, Series A Software, Internet, Information Technology $400k–$5.5M
GapMinder VC
VC Fund
2 Romania, United Kingdom, United States Seed, Pre-Seed, Series A Software, Information Technology, SaaS $82k–$15M
Christophe Bianco
Angel
2 Luxembourg Seed, Series A SaaS, Consumer, Software $1.5M–$1.6M
CircleRock Capital
VC Fund
2 Ireland, United Kingdom, United States Series A, Seed, Pre-Seed Software, Financial Services, SaaS $1.5M–$24M
Khalid Zitouni
Angel
2 France, Morocco, Luxembourg Seed, Pre-Seed, Venture - Series Unknown Software, E-Commerce, Apps $1M–$2.6M
Kalon Venture Partners
VC Fund
2 South Africa, Luxembourg, United States Seed, Series A Artificial Intelligence, Apps, Internet $570k–$11M
Julien Coustaury
Angel
2 Austria, Slovenia, Luxembourg Seed, Series A, Angel SaaS, Information Technology, B2B $329k–$329k
Citizen Capital
VC Fund
2 France, United States, Germany Series A, Seed Health Care, Software, Construction $1.5M–$29M
Didier Valet
Angel
2 France, Luxembourg, United Kingdom Seed, Pre-Seed, Series A Financial Services, FinTech, Software $663k–$20M
Kima Ventures
VC Fund
2 France, United States, United Kingdom Seed, Pre-Seed, Series A Software, Artificial Intelligence, SaaS $550k–$16M
Volta Ventures
VC Fund
2 Belgium, The Netherlands, United States Seed, Series A, Pre-Seed Software, Information Technology, Artificial Intelligence $850k–$10M
River Venture Partners
VC Fund
2 The Netherlands, Finland, Latvia Seed, Angel, Pre-Seed Internet, Software, SaaS $424k–$3M
RTP Global
VC Fund
2 United States, India, Germany Series A, Seed, Series B Software, Artificial Intelligence, Information Technology $1.8M–$80M
Alain Tingaud
Angel
2 France, Luxembourg Pre-Seed, Seed Software, E-Commerce, Cryptocurrency $1.2M–$4.8M
Venrex
VC Fund
2 United Kingdom, United States, France Seed, Series A, Pre-Seed E-Commerce, Fashion, Internet $425k–$16M
Seed X Liechtenstein AG
VC Fund
2 Germany, United Kingdom, Switzerland Seed, Series A, Pre-Seed Financial Services, FinTech, Information Technology $786k–$8M
Padda Health
VC Fund
2 Italy, Germany, Luxembourg Seed, Pre-Seed, Venture - Series Unknown Health Care, Artificial Intelligence, Medical $244k–$2.7M
Wendel Growth
VC Fund
2 France, Luxembourg Series A, Venture - Series Unknown Analytics, Open Source, Biotechnology $16M–$38M
Purple
VC Fund
2 France, United Kingdom, Luxembourg Seed, Pre-Seed, Series A Software, SaaS, FinTech $878k–$31M
Mangrove Capital Partners
VC Fund
2 United States, United Kingdom, Israel Series A, Seed, Series B Software, E-Commerce, Information Technology $675k–$25M
Saviu Ventures
VC Fund
2 Côte d'Ivoire, Kenya, Senegal Seed, Pre-Seed, Series A Financial Services, FinTech, E-Commerce $165k–$5M
Innovacom
VC Fund
2 France, United States, Canada Series A, Series B Software, Mobile, Telecommunications $2.7M–$58M
Robert Godart
Angel
2 Luxembourg Seed, Convertible Note SaaS, Software, Real Estate
Compass Venture Capital
VC Fund
2 Mauritius, India, France Seed, Series A, Pre-Seed Financial Services, Information Technology, Big Data $30k–$2M
Xavier Buck
Angel
2 Luxembourg, Bulgaria Seed, Angel, Series A SaaS, Farming, Software $133k–$1.5M
Herman Kienhuis
Angel
1 The Netherlands, Finland, Denmark Seed, Pre-Seed, Series A Software, Information Technology, Internet $424k–$9.1M
Microsoft Climate Innovation Fund
VC Fund
1 United States, Canada, Spain Series A, Series B, Series C Renewable Energy, Energy, Software $6.7M–$380M
Jugoslav Petkovic
Angel
1 Luxembourg, United States Seed, Angel Logistics, B2B, SaaS
Hiro Capital
VC Fund
1 United States, United Kingdom, India Series A, Seed Gaming, Video Games, Software
Pierre Antoine Dusoulier
Angel
1 France, United States, Belgium Seed, Angel Financial Services, Software, FinTech
Han River Partners
VC Fund
1 South Korea, United States Series A Rental, Medical, Software
Bondi Capital S.A.
VC Fund
1 Luxembourg Series A Open Source, Service Industry
Charles Sunnen
Angel
1 Luxembourg Seed SaaS, Software, Real Estate
Roca X
VC Fund
1 Romania, Italy, Israel Seed, Pre-Seed, Convertible Note Software, Information Technology, Health Care
Banque Internationale à Luxembourg
VC Fund
1 Luxembourg Software, Compliance, Consulting
Luxembourg Ministry of Economy
VC Fund
1 Luxembourg, United Kingdom Grant, Seed, Pre-Seed SaaS, Software, Artificial Intelligence
Caucasus Ventures
VC Fund
1 United States, Azerbaijan, Georgia Seed, Pre-Seed, Series B Artificial Intelligence, Software, Financial Services
SmartFin
VC Fund
1 Belgium, The Netherlands, Finland Series B, Series A Software, SaaS, Analytics
NetEase
VC Fund
1 China, United States, United Kingdom Series A, Series B, Seed Gaming, Video Games, Media and Entertainment
C5 Capital
VC Fund
1 United States, Israel, United Kingdom Series B, Series A Software, Information Technology, Cyber Security
Access all 119 investors in Luxembourg Software startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

Expon Capital
VC Fund · Luxembourg, Luxembourg, Luxembourg · 15 investments in Luxembourg Software startups

Global investor in big ideas with the potential for positive impact & exponential growth

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Investment focus

  • Industry: Software, E-Commerce, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: Luxembourg, France, United States

Investor stats

  • Total investments: 71
  • Round size: Seed $635k–$5M; Series A $2.3M–$27M; Series B $16M–$54M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • OpenExo — Solve for 10X with an Exponential Community - Learn, navigate and transform with on demand experts.
  • nexten.io — nexten.io is the ideal platform for Tech profiles and Developers looking for Remote IT Jobs or IT Jobs in France. Create your Anonymous Profile in minutes; after accepting their requests, CTOs and team leaders of the best tech companies will send opportunities for your next dream job!
  • Service — Service gets you paid when your flight is delayed or cancelled.
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Motier Ventures
VC Fund · Paris, Ile-de-France, France · 5 investments in Luxembourg Software startups, 13 in the past 12 months

Motier Ventures is the Family Office managing the investments in Tech start-ups made by the owners of the Galeries Lafayette Group.We are a value-added business angel. At scale.We provide agile and patient capital, investing up to €300k as Business Angel in your early days and following with up to €3m on next rounds. Our favorite investmentthemes include Future of Commerce, FinTech, Web3 Picks & Shovels, Creative Technologies and Cybersecurity.We bring for your business 125 years of experience in entrepreneurship and a wide network within our brands (Galeries Lafayette, La Redoute, BHV, Citynove...) and across many industries.If you are aiming at changing the game in your industry, we would be happy to connect.

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Investment focus

  • Industry: Artificial Intelligence, Information Technology, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 188
  • Round size: Seed $2.7M–$30M; Pre-Seed $1.9M–$3.4M; Series A $11M–$27M
  • Lead/follow: 1% lead, 99% follow

Portfolio highlights

  • CardNexus — CardNexus provides a digital platform for managing, trading, and selling trading card collections.
  • Linc — Linc is a platform that delivers data retrieval and analysis services tailored to business needs. The company offers solutions supporting bookkeeping and payroll workflows alongside information management capabilities. Linc offerings streamline data management processes and enable organizations to operationalize their data more effectively.
  • Concord — Concord is an AI agent focused on media buying and workflow automation, especially for advertising operations.
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Seeder Fund
VC Fund · Anderlecht, Brussels Hoofdstedelijk Gewest, Belgium · 4 investments in Luxembourg Software startups, 6 in the past 12 months

Seeder Fund is an early-stage financing and growth capital for digital startups. For young start-ups with a start in commercial traction it offers seed funding of up to EUR 200,000 to validate their value proposition and product-market fit. For start-ups preparing for Series A it provides funding of up to EUR 300,000 to confirm the growth potentialand move closer to break-even. For scale-ups, the Seeder Fund can also help finance the company's growth, this time in the form of a capital stake of up to 1,000,000 EUR.

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Belgium, Luxembourg, France

Investor stats

  • Total investments: 35
  • Round size: Seed $384k–$2.5M; Pre-Seed $219k–$2.4M; Series A $3.3M–$8M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Adomate — Adomate is an AI powered advertising platform that helps marketing teams create social media ads at scale. The platform seamlessly combines performance data, competitor analysis, and consumer behavior insights to generate data-backed creative concepts more efficiently.
  • Borro — Cashless deposit system
  • Vectrix — Vectrix offers AI-based automation and consulting solutions for businesses and logistics companies to automate workflows.
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Frank Veyder
Angel · 3 investments in Luxembourg Software startups

Frank Veyder is the COO at Slightly Mad Studios.

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Investment focus

  • Industry: SaaS, Software, Real Estate
  • Stage:Seed, Convertible Note
  • Geography: Luxembourg

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • kodehyve — kodehyve is a B2B management software that helps real estate developers, agencies and funds to remove workflow inefficiencies and get rid of transparency issues through the use of a powerful multi-sided real estate management collaboration software.
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Laurent Schonckert
Angel · Luxembourg, Luxembourg, Luxembourg · 3 investments in Luxembourg Software startups

Laurent Schonckert is the CEO of Cactus.

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Investment focus

  • Industry: SaaS, Software, Real Estate
  • Stage:Seed, Convertible Note
  • Geography: Luxembourg

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • kodehyve — kodehyve is a B2B management software that helps real estate developers, agencies and funds to remove workflow inefficiencies and get rid of transparency issues through the use of a powerful multi-sided real estate management collaboration software.
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John Li
Angel · 3 investments in Luxembourg Software startups

John Li is the Managing Partner and Chairman at KPMG.

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Investment focus

  • Industry: SaaS, Software, Real Estate
  • Stage:Seed, Convertible Note
  • Geography: Luxembourg

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • kodehyve — kodehyve is a B2B management software that helps real estate developers, agencies and funds to remove workflow inefficiencies and get rid of transparency issues through the use of a powerful multi-sided real estate management collaboration software.
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Eric van de Kerkhove
Angel · Luxembourg, Luxembourg, Luxembourg · 3 investments in Luxembourg Software startups

Eric van de Kerkhove,Partner at Deloitte.

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Investment focus

  • Industry: SaaS, Software, Real Estate
  • Stage:Seed, Convertible Note
  • Geography: Luxembourg

Investor stats

  • Total investments: 3
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • kodehyve — kodehyve is a B2B management software that helps real estate developers, agencies and funds to remove workflow inefficiencies and get rid of transparency issues through the use of a powerful multi-sided real estate management collaboration software.
Show all investments...

NewAlpha Asset Management VC
VC Fund · Paris, Ile-de-France, France · 3 investments in Luxembourg Software startups

Expert in investments targeting the entrepreneurial financial industry, NewAlpha launched the first French venture capital fund dedicated to Fintech start-ups in November 2015. The fund has made five Fintech investments in 2016.NewAlpha provides qualified investors with access to the most innovative and dynamic firms in the financial industrythanks to its wide range of products and services. On behalf of its clients, NewAlpha selects, finances and supports innovative entrepreneurial projects, mainly in asset management but also in related sectors such as services for investment managers or financial technologies (Fintech and Insurtech).

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Investment focus

  • Industry: FinTech, Software, Information Technology
  • Stage:Series A, Series B
  • Geography: France, Canada, Belgium

Investor stats

  • Total investments: 31
  • Round size: Series A $2.2M–$22M; Series B $8.2M–$42M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • Lizy — Goedkoper tweedehands leasen. LIZY is uw referentieplatform voor onmiddellijk beschikbare autoleasing. | Lize Leasing
  • MYRE — With 17 years of professional experience, Deborah (founder) has devised a tailor-made tool adapted to the new challenges of an industry still waiting to be modernized, allowing real estate players to focus on tasks with high added value. MYRE help Asset Managers in taking the control of their datas (financials, legal,...) in the asset lifecycle.We provide Financials analysis and modeling capabilities, advanced dataroom, Debt management, Real Estate Master data management in an inclusive way with all the stakeholders (PM, brokers, bank, ...)MYRE is based on twofold expertise of both technology and real estate business needs.
  • Digital Insure — Digital Insure via its subsidiaries Digital Insure Distribution, BPSIs and Multinet Services operates throughout the entire value chain with a resolutely "Tech" DNA: the mission is to provide partners with innovative, digital and technological solutions that aim to improve people's access to loan insurance through simple and fastroutes.
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Matthias Hilpert
Angel · Berlin, Berlin, Germany · 2 investments in Luxembourg Software startups

Matthias Hilpert - CEO @ MH2 Capital

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Investment focus

  • Industry: Software, SaaS, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, United States

Investor stats

  • Total investments: 36
  • Round size: Seed $800k–$6.7M; Series A $3M–$14M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cosuno — Cosunos vision is to connect all players of the construction industry, transforming their collaboration to drive efficiency through software and best customer experience.Cosuno is evaluating how general contractors, property developers and architects can master the challenges posed by high process costs and a lack of transparency in theprocurement of subcontractors. And this is just the beginning. Cosuno is constantly driving change in the construction industry with innovative methods and digital processes by developing and continuously improving simple and transparent solutions.
  • Archlet — Make better strategic sourcing decisions faster with Archlet's user-friendly sourcing software. Book your demo and master the complexity in strategic sourcing.
  • Restack — The open-source stack enabling product teams to improve their agent experience while engineers make them reliable at scale on Kubernetes.
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Middlegame Ventures
VC Fund · Luxembourg, Luxembourg, Luxembourg · 2 investments in Luxembourg Software startups

Middlegame Ventures is a fintech​ venture capital firm investing in early-stage growth businesses focused on Financial Innovation. The firm is seeking great entrepreneurial teams who are focusing on rearchitecting financial services infrastructure.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Seed
  • Geography: Ireland, United Kingdom, United States

Investor stats

  • Total investments: 44
  • Round size: Seed $1.7M–$10M; Series A $5.5M–$33M
  • Lead/follow: 55% lead, 45% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Circit — Circit is a leading provider of audit confirmations, Open Banking verified transactions, PBC Collaboration and e-signatures all on one centralised platform.
  • Kayna — Enhance your SaaS platform's value by integrating Kayna's insurance solutions. Drive additional revenue and offer more to your users with every policy sold.
  • Theia Insights — Leveraging AI to transform information into insights
Show all investments...

Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Angelsquare
VC Fund · Paris, Ile-de-France, France · 2 investments in Luxembourg Software startups

Since its launch in 2016, Angelsquare has supported more than 500 startups from all sectors in their Pre-Seed, Seed, Series A & Series B fundraising. From the implementation of the operation to the final negotiations, we have developed unique expertise that we put at the service of entrepreneurs to advise them throughout their fundraisingoperation and help them convince the right investors. : Business Angels, Family Offices, investment funds…

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Investment focus

  • Industry: Software, Internet, Information Technology
  • Stage:Seed, Series A
  • Geography: France, United States, Switzerland

Investor stats

  • Total investments: 117
  • Round size: Seed $400k–$2M; Series A $2.1M–$5.5M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Pongo — Pongo has created for you the first intelligent marketing assistant that communicates with your customers and increases your Google referencing, without you having to lift a finger
  • Orosound — Superior headsets for work. Advanced quality signed by Orosound -the French expert in active noise control, audio intelligence, and durability.
  • Remotebase — Get thoroughly vetted software developers from all over the world with expertise in AI, ML, back-end, front-end and more. Risk-free trial available!
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GapMinder VC
VC Fund · Bucharest, Bucuresti, Romania · 2 investments in Luxembourg Software startups

GapMinder plans to invest and support the most disruptive and bold innovations pushing limits and creating positive impact for the community and the overall society. Our background and experience together with our common values and vision for the fund are the core of our competitive advantage. Our team is eager to create value in the region and forthe region. We focus on Pre-Seed, Seed and Series A stages

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Investment focus

  • Industry: Software, Information Technology, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Romania, United Kingdom, United States

Investor stats

  • Total investments: 61
  • Round size: Seed $219k–$4.7M; Pre-Seed $82k–$551k; Series A $2.5M–$15M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: Likely still investing — raised $94M in 2024

Portfolio highlights

  • Cyscale — At Cyscale, we believe that a safer Cloud means a safer World. We need to do something extraordinary to have a better, easier and more secure way of designing & deploying any Cloud Infrastructure in AWS, Azure, GCP, OpenStack, VMWare, IBM Cloud, Oracle Cloud and even Alibaba Cloud.That is why we create amazing tools so that everybody canbuild & deploy cloud infrastructure with security in mind, knowing the costs upfront, while maintaining continuous regulatory compliance. All done automatically with just a few clicks.We are the first Cloud Management, Security and Compliance company empowering both regular people and cloud professionals with visual tools to meet this level of cloud automation and security.We're Cyscale, born in the Cloud to protect the Cloud!Join our team or pre-register for the product launch: https://cyscale.com
  • YAROOMS — YArooms is a web based booking software package that makes it easy for you to manage rooms and resources and to book a room anywhere, even if it is in a different time zone or location. It prevents double bookings and allows revenue tracking through its Reports feature. YArooms allows for granular access of your users to the meeting rooms byorganizing users into types and soon groups. Meeting rooms can have owners, restricted users will require approval from the room owners for each meeting. If you use Outlook for work, you can bring YArooms into your email client by installing our dedicated plugin. You’ll be able to use YArooms without opening up the web application. All YArooms accounts come bundled with the YArooms Door app. Install it on a the tablet of your choice and mount that on your conference room's door. Check-in functionality with auto-release is built in, you can also book directly from the app, see the room’s current status and much more.
  • Innoship — Innoship este un software avansat de tip multi-carrier shipping creat pentru nevoile tale.
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Christophe Bianco
Angel · Luxembourg, Luxembourg, Luxembourg · 2 investments in Luxembourg Software startups

Christophe Bianco is the current CEO, Co-Founder, and Managing Partner of Excellium Services. He previously worked at Qualys as a Vice President and General Manager EMEA. Christophe Bianco attended ESCP Business School.

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Investment focus

  • Industry: SaaS, Consumer, Software
  • Stage:Seed, Series A
  • Geography: Luxembourg

Investor stats

  • Total investments: 3
  • Round size: Seed $1.5M–$1.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Cyberr® — We’re transforming cybersecurity recruitment with Cyberr Intelligence – the AI-driven platform that connects top cybersecurity talent, both freelance and permanent, with leading employers worldwide. Powered by a unique large language model built from millions of data points, Cyberr goes beyond just matching keywords. Companies can connect withhigh-intent candidates based on real context and experience. Candidates gain access to exclusive, highly relevant job opportunities, accepting or declining interview requests in complete privacy. Cyberr enable employers to simplify their hiring process, accelerate time-to-hire, and boost recruitment efficiency. Whether you're a top-tier cybersecurity professional seeking freelance or permanent roles, or a company looking to level up your hiring game, join Cyberr’s global community of 350,000+ cyber experts —more than any other platform. Start supercharging your cybersecurity recruitment today with Cyberr.
  • Passbolt — Manage and share passwords securely with Passbolt. Open source, audited and built for teams that need collaboration, compliance and control.
  • EmailTree AI — Discover EmailTree.ai, the leading AI-powered email automation platform designed to elevate your customer service experience in 2025.
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CircleRock Capital
VC Fund · Dublin, Dublin, Ireland · 2 investments in Luxembourg Software startups

CircleRock Capital aim to be the leading European, multi-stage co-investor of choice for exceptional technology companies, investing primarily in Seed, Series A and Series B opportunities.We invest alongside the leading global VC firms, so that founders can have both a leading VC and us on their cap table. We don’t lead deals and we don’t takeboard seats.Our ticket sizes range from €500k to €5 million +.Our LP’s include exited entrepreneurs, leaders at global tech companies, venture-backed founders, family offices, leading angels, CEO’s & board members of public companies.We fight to win allocation based on our reputation for fundraising expertise and our valuable network – consisting of both commercial customers and access to our global network of industry leaders.CircleRock Capital have a successful history as both Investors and Operators. Conor was previously nominated for both UK Angel Investor of the Year and Exit of the Year. Barry built FCA regulated fintech Clear Treasury from inception to a multi-million pound turnover business, with over 2,500 clients across all industry sectors, exiting in 2020.Offices in Dublin and London.Are you an Angel Investor or Family Office? Sign up here to receive our curated deal flow:https://www.circlerockcapital.com/investor-registration

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Investment focus

  • Industry: Software, Financial Services, SaaS
  • Stage:Series A, Seed, Pre-Seed
  • Geography: Ireland, United Kingdom, United States

Investor stats

  • Total investments: 29
  • Round size: Seed $2.7M–$8.4M; Pre-Seed $1.5M–$3M; Series A $13M–$24M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • NetFoundry — NetFoundry provides a software-defined networking platform focused on zero trust architecture. Its solutions enable organizations to create secure, microsegmented overlay networks, known as AppNets, that operate independently of traditional network infrastructure. The platform includes components such as Ziti Fabric for virtual overlays, Ziti Edgefor endpoint connectivity, and Ziti Console for network orchestration. NetFoundry offers deployment options across cloud, on-premise, and hybrid environments, supporting integration with major cloud providers like AWS, Azure, and Google Cloud. Developers can embed zero trust networking directly into applications using available SDKs, facilitating secure communication for various use cases, including DevOps, IIoT, and remote management. The platform emphasizes identity-based access controls, end-to-end encryption, and the elimination of inbound firewall ports to reduce attack surfaces.oud administrators, container orchestration engineers, DevOps, DevSecOps, network admins, etc.
  • SimpleStudy — Learn smarter with revision notes, past papers, quizzes, and expert tools for major Irish academic exams. Join SimpleStudy Ireland and boost your grades today.
  • Scaleup Finance — Improve your financial management
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Khalid Zitouni
Angel · Chicago, Illinois, United States · 2 investments in Luxembourg Software startups

Khalid Zitouni

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Investment focus

  • Industry: Software, E-Commerce, Apps
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: France, Morocco, Luxembourg

Investor stats

  • Total investments: 11
  • Round size: Seed $1M–$2M; Pre-Seed $1.2M–$2.6M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Estaly
  • Handled
  • Pluto.markets — Pluto is the modern investment app for the 100m Europeans living in countries without the EUR.
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Kalon Venture Partners
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in Luxembourg Software startups

A growing number of South Africans are investing in venture capital companies that operate under Section 12J of the Income Tax Act. Contact us now.

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Investment focus

  • Industry: Artificial Intelligence, Apps, Internet
  • Stage:Seed, Series A
  • Geography: South Africa, Luxembourg, United States

Investor stats

  • Total investments: 19
  • Round size: Seed $570k–$4.6M; Series A $2M–$11M
  • Lead/follow: 63% lead, 37% follow

Portfolio highlights

  • GoMetro — Fleet management simplified with GoMetro. Integrate telematics, gain real-time visibility, and optimize operations with a secure, scalable platform,
  • Sendmarc — Manage your organization's DMARC, SPF, and DKIM with world-class implementation services and support. All in one easy-to-use platform.
  • visionAI — Enhance factory efficiency with visionAI by using existing cameras to uncover inefficiencies and eliminate your production blindspots. Book a demo now!
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Julien Coustaury
Angel · Palo Alto, California, United States · 2 investments in Luxembourg Software startups

Julien Coustaury is the Founding Partner of Fil Rouge Capital and he was a CEO at Vega. He has a master's degree from EFREI Paris.

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Investment focus

  • Industry: SaaS, Information Technology, B2B
  • Stage:Seed, Series A, Angel
  • Geography: Austria, Slovenia, Luxembourg

Investor stats

  • Total investments: 13
  • Round size: Seed $329k–$329k
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • 45HC.com — 45HC enables anyone to ship. We are here to help anyone book a container within minutes. We are experts at logistics and can help your business have an edge by eliminating the tedious process of booking a container. Our services include ocean freight, last mile delivery, door-to-door delivery (via rail delivery, truck delivery or multimodal),customs clearance and insurance. With our simplified platform and automated pricing mechanism, we remove the word complexity from the logistics dictionary. We put you in control of your business while providing you more time otherwise spent finding the best quote for shipping, and more money as you can customize each step of the way as you see fit.
  • tvbeat — Established in 2013, TVbeat provides a comprehensive TV Inventory Management & Yield Optimization SaaS Framework designed for TV Inventory owners, giving such TV sell-side players the essential tools to succeed in the ever changing TV ecosystem. Our SaaS Framework solves key addressable and non-addressable TV requirements & challengesthrough provision of holistic measurement, forecasting, planning, order management and optimization capabilities and self-serve applications. Such features can be leveraged across owned & operated TV inventories, media partner inventory and acquired inventory from 3rd party sources (DSPs & exchanges). TVbeat’s solution is being used successfully in the United States, United Kingdom, Canada, Ireland, France, Africas, Spain, Belgium, Middle East, Scandinavia to name a few. All of this is achieved by a world class team of engineers, data scientists, product managers and client support staff. Our offices are located in New York, London and Zagreb.
  • Eurosender — Eurosender is the digital platform for companies and individuals looking for a unified solution for global logistics processes. Eurosender comprises a wide variety of logistics services in different geographies.
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Citizen Capital
VC Fund · Paris, Ile-de-France, France · 2 investments in Luxembourg Software startups

Citizen Capital is a leading French private equity fund dedicated to using an impact-driven investment approach to deliver both financial and social returns for investors and society at-large. Citizen Capital manages €60 million and provides growth capital to high growth small or medium companies (€1 to 50 million sales) with a strong socialpurpose targeting :- Inclusion : adress the needs of underserved populations (silver economy, health, education, Bottom of the Pyramid...)- Social mobility : enable excluded people to access employment and cross social barriers (job creation in underserved areas, integration of disabled or low-educated workers...)- Sustainable production and consumption : change consumption habits and give access to sustainable goods and services (local production and short distribution channels, environment-driven technologies...)- Social Innovation : introduce new organisation models with tangible positive impact upon employees and partners (employee shareholding schemes, collaborative management...)Our goal is to build wealth for all stakeholders in our portfolio companies. In addition to capital we offer a combination of strategic, financial, operational guidance to the companies in which we invest, as well as a pro-active support in building and driving impact strategy – Citizen Capital has implemented a methodology combining social impact and ESG approach. Citizen Capital has signed the Principles for Responsible Investment (United Nations, PRI) and is a member of the G8 Social Impact Investment Task Force.

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Investment focus

  • Industry: Health Care, Software, Construction
  • Stage:Series A, Seed
  • Geography: France, United States, Germany

Investor stats

  • Total investments: 36
  • Round size: Seed $1.5M–$5.3M; Series A $2.2M–$29M
  • Lead/follow: 39% lead, 61% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2017

Portfolio highlights

  • Didask
  • Semeia — Semeia provides software that helps in medical follow-up and consultation.
  • SustainCERT — Verify climate action projects with SustainCERT. We can support you with validation and verification of carbon projects, value chain interventions, and more.
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Didier Valet
Angel · Paris, Ile-de-France, France · 2 investments in Luxembourg Software startups

Didier Valet

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, Luxembourg, United Kingdom

Investor stats

  • Total investments: 63
  • Round size: Seed $663k–$10M; Pre-Seed $900k–$2.2M; Series A $3.3M–$20M
  • Lead/follow: 8% lead, 92% follow

Portfolio highlights

  • Arrago — Arrago is a Fintech lending platform providing French Lifetime Mortgages
  • Qlower — Qlower assists landlords in managing their properties by leveraging on Open Banking and Machine Learning technologies. Qlower offers free rental management and automates accounting & tax declaration. Its DeepTech Wealth Advisory engine provides quantified savings and assists investors in making right decisions.
  • Celest Science — Understand, monitor and anticipate your exposure to extreme weather events in the context of climate change with our proprietary AI models. Risk Assessment | Subseasonal to seasonal forecast | CatNat modelling | Climate APIs.
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Kima Ventures
VC Fund · Paris, Ile-de-France, France · 2 investments in Luxembourg Software startups

Kima Ventures promotes the growth of startups, supporting them in the fastest and most effective ways.

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Investment focus

  • Industry: Software, Artificial Intelligence, SaaS
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, United States, United Kingdom

Investor stats

  • Total investments: 573
  • Round size: Seed $550k–$5.5M; Pre-Seed $587k–$4.2M; Series A $1.2M–$16M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • Hoora
  • Kalipso — Kalipso automates regulatory compliance for financial institutions across Europe. AI-powered analysis of MiCAR, PSD2, CCD2, DORA & more. Live in 2 weeks.
  • Explora Project — Explora Project is specializing in adventure travel and expeditions to the 4 corners of the planet and all environments.
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Volta Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 2 investments in Luxembourg Software startups

Volta Ventures is a venture capital firm that offers seed & early stage VC for internet & software companies in the Benelux.The fund’s team, with active support from some 30 business angels, expects to make a substantial impact on every company it invests in by working with the founders and management to identify new markets andcustomers, hire senior talent, provide ongoing guidance and arrange further financing rounds.Volta Ventures has offices in Ghent and Amsterdam.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Belgium, The Netherlands, United States

Investor stats

  • Total investments: 90
  • Round size: Seed $850k–$4.4M; Pre-Seed $1M–$3M; Series A $2.2M–$10M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — raised $72M in 2019

Portfolio highlights

  • Nodalview — Nodalview helps real estate agents deliver cutting edge content and an impressive buying experience for happy and loyal customers.
  • RESPONSUM — RESPONSUM is the EU's most user-friendly privacy management SaaS solution. Become compliant with GDPR or any other privacy regulation easily.
  • CHILI publish — Allow users to edit customizable documents, or fully automate artwork generation. Output files are ready to use for print and digital.
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River Venture Partners
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 2 investments in Luxembourg Software startups

Investing in the next generation B2B software companies in the Benelux, Nordics & Baltics

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Investment focus

  • Industry: Internet, Software, SaaS
  • Stage:Seed, Angel, Pre-Seed
  • Geography: The Netherlands, Finland, Latvia

Investor stats

  • Total investments: 20
  • Round size: Seed $424k–$3M; Angel $424k–$800k
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Contentoo — Contentoo lets you build your own team, with all the professional talent you need. Our platform is used by 300+ vetted freelancers, working in 12 languages and every industry. You can find the best freelancers for any specialisation. Our specially developed onboarding method ensures that your freelancers become a part of your organisation, eventhough they’re not on your payroll and don’t work in your office. We handle management, invoicing and payment for you. That means you get all the advantages of in-house and freelance, combined.
  • Anyways — Een tijdelijke auto voor de deur. Zonder gedoe. Met het auto abonnement van Anyways heb jij je eigen auto. Voor hoe lang je zelf wilt.
  • Clubee — Manage your club with ease. Websites, Member Management, Communication, Finance, Sponsorships and more.
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RTP Global
VC Fund · London, England, United Kingdom · 2 investments in Luxembourg Software startups

A global, early-stage venture capital firm, backing founders who use technology to reimagine how the world works like Datadog, DeliveryHero and Cred.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: United States, India, Germany

Investor stats

  • Total investments: 257
  • Round size: Seed $1.8M–$13M; Series A $6M–$26M; Series B $11M–$80M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: May invest from a new fund soon — raised $650M in 2020

Portfolio highlights

  • Catio — Cloud architecture platform enabling companies to excel with cloud native tech stacks, focused on tech stack evaluation, planning, and evolution, with the help of AI.
  • homefully — Habyt is an easy way to find a fully furnished, private room or apartment in Berlin, Madrid, Barcelona, Milan and Lisbon. All costs are included in the rent, no surprises.
  • DoControl — DoControl gives organizations automated, self-service tools to take full control of their SaaS security and prevent SaaS data exfiltration. DoControl provides end-to-end visibility and continuous monitoring across all your applications, users, assets, and external collaborators.
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Alain Tingaud
Angel · Saint-astier, Aquitaine, France · 2 investments in Luxembourg Software startups

Alain Tingaud is a Founder & CEO at Alain Tingaud Innovations.

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Investment focus

  • Industry: Software, E-Commerce, Cryptocurrency
  • Stage:Pre-Seed, Seed
  • Geography: France, Luxembourg

Investor stats

  • Total investments: 5
  • Round size: Seed $1.4M–$4.8M; Pre-Seed $1.2M–$1.4M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Gonuggets — We help digitally native brands to grow their e-commerce revenue on marketplaces such as Amazon and D2C across EMEA.
  • MarketLeap — Breaking E-commerce Barriers with Software. MarketLeap is managing all the complexities of selling and growing on marketplaces worldwide.
  • Trendex — Mobile App
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Venrex
VC Fund · London, England, United Kingdom · 2 investments in Luxembourg Software startups

Venrex Investment Management is a UK-based venture capital firm that backs creative Founders to launch and build innovative businesses.

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Investment focus

  • Industry: E-Commerce, Fashion, Internet
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, France

Investor stats

  • Total investments: 153
  • Round size: Seed $1M–$7.9M; Pre-Seed $425k–$3M; Series A $6M–$16M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Chexy — Let your rent elevate your lifestyle. Chexy is the new standard for paying rent. We believe that tenants should be able to pay rent digitally and flexibly while building credit and earning rewards.
  • VIEVE — Shop award-winning and high-performance makeup by expert MUA Jamie Genevieve; bestselling primer, brushes, lip glosses, eyeshadows & more. Vegan & cruelty free.
  • Observable Space — OurSky is a modern developer platform for space applications. We provide real-time observational data and analysis of objects and activities in space. Built as an open, community-driven resource for the new space age engineer.
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Seed X Liechtenstein AG
VC Fund · Schaan, Schaan, Liechtenstein · 2 investments in Luxembourg Software startups

Seed X is a European-focused venture capital firm with strong roots in Liechtenstein. We help driven startups scale by providing a strong network of experienced entrepreneurs and industry leaders.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Germany, United Kingdom, Switzerland

Investor stats

  • Total investments: 42
  • Round size: Seed $1.3M–$8M; Pre-Seed $786k–$2.4M; Series A $3.8M–$8M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Ontik — Ontik provides a modern payment platform that helps merchants achieve a greater number of trade customers. The platform automate key credit processes and reduces the administrative burden and enables real-time reporting, minimise credit losses, and get paid on time.
  • Mintago — Home - Mintago
  • Trustap — Learn how we make buying & selling online safe & secure, every time. Create an account for free today!
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Padda Health
VC Fund · Milan, Lombardia, Italy · 2 investments in Luxembourg Software startups

Siamo partner di private equity con una struttura family office. Selezioniamo start-up tech-driven con idee innovative e voglia di emergere.

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Investment focus

  • Industry: Health Care, Artificial Intelligence, Medical
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Italy, Germany, Luxembourg

Investor stats

  • Total investments: 6
  • Round size: Seed $1.3M–$2.7M; Pre-Seed $244k–$274k
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • TeiaCare — TeiaCare is an Italian start-up born in 2018 with the aim of transferring technology and innovation knowledge to care homes.Our first solution, Ancelia, is an AI-powered operating system designed to increase transparency in the care and assistance processes, both inside the care home and towards residents' families.TeiaCare, based inMilan, operates in Italy and Spain, has a team of 15 people and is supported by international investors.
  • VoiceMed — We bring deep-tech innovation into your smartphone. With vocal biomarkers and artificial intelligence, we measure respiratory diseases.
  • Hale — Hale is the digital solution supporting people with genito-pelvic pain, helping them live better with their condition. Download our app now!
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Wendel Growth
VC Fund · 2 investments in Luxembourg Software startups

Wendel Growth is an investment arm of Wendel.

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Investment focus

  • Industry: Analytics, Open Source, Biotechnology
  • Stage:Series A, Venture - Series Unknown
  • Geography: France, Luxembourg

Investor stats

  • Total investments: 6
  • Round size: Series A $33M–$38M; Venture - Series Unknown $16M–$16M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • AQEMIA — Aqemia is an in silico drug discovery start-up, whose ambition is to discover rapidly more innovative therapeutic molecules with better chances of success.
  • TaDaweb — Tadaweb is the first small data platform to scale Open Source intelligence for discovering and analysing information on the Internet.
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Purple
VC Fund · Paris, Ile-de-France, France · 2 investments in Luxembourg Software startups

Bringing together knowledge, people, best practices and capital, we invest from pre-seed to series A in companies we share values and vision. Venture capital arm of Laurent Ritter (co-founder of Voodoo).

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Investment focus

  • Industry: Software, SaaS, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: France, United Kingdom, Luxembourg

Investor stats

  • Total investments: 41
  • Round size: Seed $2.2M–$11M; Pre-Seed $878k–$3.5M; Series A $6.4M–$31M
  • Lead/follow: 5% lead, 95% follow

Portfolio highlights

  • Revox — Reach your customers with Revox. The platform to launch AI outbound call campaigns at scale.
  • Lupin & Holmes — Lupin & Holmes is an expert in social engineering and offensive cybersecurity. Three pillars support our services: strategic bug bounty hunting, extensive research and development projects.
  • Massive Dynamic — Specialized AI to orchestrate complex cross-channel advertising
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Mangrove Capital Partners
VC Fund · Luxembourg, Luxembourg, Luxembourg · 2 investments in Luxembourg Software startups

Mangrove Capital Partners is a contrarian investment firm helping innovative entrepreneurs start and grow.

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: United States, United Kingdom, Israel

Investor stats

  • Total investments: 149
  • Round size: Seed $675k–$10M; Series A $2.5M–$12M; Series B $8M–$25M
  • Lead/follow: 40% lead, 60% follow
  • Last fund: May invest from a new fund soon — raised $234M in 2017

Portfolio highlights

  • Proggio — Transform your project management with timelines that enhance productivity and clarity. Discover how Proggio AI can help.
  • Sifflet — You make important business decision based on your data. Sifflet ensures the data is reliable, traceable and easy to navigate.
  • Titan Operating System
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Saviu Ventures
VC Fund · Ebène, Plaines Wilhems, Mauritius · 2 investments in Luxembourg Software startups

Saviu is a venture capital fund focusing on African early-stage startups.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Côte d'Ivoire, Kenya, Senegal

Investor stats

  • Total investments: 38
  • Round size: Seed $550k–$5M; Pre-Seed $165k–$817k; Series A $2M–$5M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — raised $14M in 2023

Portfolio highlights

  • POZI — POZI app is an innovative tracking and geolocation solution primarily designed for fleet monitoring and management.
  • Agenz — Agenz was founded to deliver credible real estate market data that is updated in real time, allowing individuals to make faster and more informed real estate decisions at the right time.
  • Userguest.com — Userguest is a Travel SaaS company that provides technology to hotels in order to improve their online revenue. Our smart tool applies RevMarketing Automation to hotel website, by matching a user’s booking intent with the hotel’s inventory priorities. We display personalized incentives to boost hotel revenue where it counts.
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Innovacom
VC Fund · Paris, Ile-de-France, France · 2 investments in Luxembourg Software startups

Innovacom provides new technologies, hardware, and software products. They focus on the creation of financial and strategic value through support, networking, and the search for the best industrial partners for our startups in a context of open innovation.

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Investment focus

  • Industry: Software, Mobile, Telecommunications
  • Stage:Series A, Series B
  • Geography: France, United States, Canada

Investor stats

  • Total investments: 151
  • Round size: Series A $2.7M–$19M; Series B $3M–$58M
  • Lead/follow: 30% lead, 70% follow
  • Last fund: Likely still investing — raised $25M in 2023

Portfolio highlights

  • Quobly — Quobly create and market a universal large-scale quantum computer, using tried-and-true semiconductor industry procedures.
  • Faactopi — Faactopi is a smart manufacturing platform offering AI-driven flexible factories as a service for scalable hardware production AI.
  • SustainCERT — Verify climate action projects with SustainCERT. We can support you with validation and verification of carbon projects, value chain interventions, and more.
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Robert Godart
Angel · 2 investments in Luxembourg Software startups

Robert Godart

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Investment focus

  • Industry: SaaS, Software, Real Estate
  • Stage:Seed, Convertible Note
  • Geography: Luxembourg

Investor stats

  • Total investments: 2
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • kodehyve — kodehyve is a B2B management software that helps real estate developers, agencies and funds to remove workflow inefficiencies and get rid of transparency issues through the use of a powerful multi-sided real estate management collaboration software.
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Compass Venture Capital
VC Fund · Moka, Moka, Mauritius · 2 investments in Luxembourg Software startups

Compass is a venture capital fund. We invest in start-ups with scalable business models and strong growth potential. We work with companies based in Mauritius, the Indian Ocean region and the African continent. Compass is wholly owned by and benefits from support from the ENL Group, one of Mauritius’ largest business conglomerates. Alongside theTurbine, our sister organisation and the region’s leading incubator and start-up accelerator, Compass is working to create a vibrant, sustainable start-up ecosystem in Mauritius and the Indian Ocean.

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Investment focus

  • Industry: Financial Services, Information Technology, Big Data
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Mauritius, India, France

Investor stats

  • Total investments: 10
  • Round size: Seed $30k–$1.6M; Series A $1.1M–$2M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Omnisient — Privacy-Preserving Data Collaboration platform enabling businesses to collaborate while ensuring consumer privacy and data protection.
  • FCB.ai — FCB.ai builds the conversational AI infrastructure to power the financial industry
  • Shortlist — Shortlist helps solve talent challenges for impactful and innovative organizations across Africa. We provide executive search and workforce innovation solutions.
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Xavier Buck
Angel · Leudelange, Luxembourg, Luxembourg · 2 investments in Luxembourg Software startups

Xavier Buck is the Founder and Chairman of Namespace Group. He previously worked at DomainTools as a Board Member.

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Investment focus

  • Industry: SaaS, Farming, Software
  • Stage:Seed, Angel, Series A
  • Geography: Luxembourg, Bulgaria

Investor stats

  • Total investments: 5
  • Round size: Seed $133k–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Farmia — Farmia is online livestock marketplace that helps farmers to offer their animals to a wider circle of potential buyers and to do that in best moment to achieve maximum profit and provide buyers faster cheaper and easier way to find appropriate animals for their needs.Farmia is the fastest growing livestock marketplace in the world. We are No.1online livestock marketplace in the world with operations in US, Germany, Serbia, Croatia, Bosnia, Montenegro and Macedonia. Our user base count more than 80.000 farmers who actively trade through our platform. Up to now we sold more than 200.000 animals through 15000+ transactions which value is more than 25M+ Euro.
  • Passbolt — Manage and share passwords securely with Passbolt. Open source, audited and built for teams that need collaboration, compliance and control.
  • EmailTree AI — Discover EmailTree.ai, the leading AI-powered email automation platform designed to elevate your customer service experience in 2025.
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Herman Kienhuis
Angel · Amsterdam, Noord-Holland, The Netherlands · 1 investments in Luxembourg Software startups

Founder and managing partner of River Venture Partners angel syndicate. Venture partner at VC firm Newio. Tech investor focused on early-stage investments in B2B software companies in Northern Europe. Supporting investors and entrepreneurs in building digital businesses that change people's lives. Former chemical engineer, strategist, digitalproduct development executive, founder of SanomaVentures and Managing Director of KPN Ventures.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Seed, Pre-Seed, Series A
  • Geography: The Netherlands, Finland, Denmark

Investor stats

  • Total investments: 60
  • Round size: Seed $424k–$3.6M; Pre-Seed $838k–$1.6M; Series A $5.5M–$9.1M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Singa — Turn your computer, mobile or smart TV into a karaoke machine. A huge song library: pop, rock, hip hop and more. Get the free Singa karaoke app today!
  • Fledger — Fledgerr develops cutting-edge equity management solution.
  • Contentoo — Contentoo lets you build your own team, with all the professional talent you need. Our platform is used by 300+ vetted freelancers, working in 12 languages and every industry. You can find the best freelancers for any specialisation. Our specially developed onboarding method ensures that your freelancers become a part of your organisation, eventhough they’re not on your payroll and don’t work in your office. We handle management, invoicing and payment for you. That means you get all the advantages of in-house and freelance, combined.
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Microsoft Climate Innovation Fund
VC Fund · Redmond, Washington, United States · 1 investments in Luxembourg Software startups

Microsoft is committed to investing $1 billion over 4 years to the Climate Innovation Fund. Explore our approach and more.

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Investment focus

  • Industry: Renewable Energy, Energy, Software
  • Stage:Series A, Series B, Series C
  • Geography: United States, Canada, Spain

Investor stats

  • Total investments: 57
  • Round size: Series A $6.7M–$57M; Series B $30M–$130M; Series C $8M–$380M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • VEIR — Discover VEIR's cutting-edge technology for superconducting power lines that offer 5-10x greater transfer capacity and 90% less resistive line losses.
  • Fortera — 8% of global greenhouse emissions are caused by cement manufacturing, accounting for more than 3.5 billion tons of CO2 produced each year. Fortera addresses CO2 emissions directly from the kiln.
  • Group14 Technologies — Founded to enable the electrification of everything - from tiny medical, consumer and commercial devices to every possible flavor and size of transportation - Group14 brings new finely-tuned performance capabilities to the era of the lithium-silicon battery. Our novel composite materials and our industrial process to make them reliably answer thecost, scale and performance barriers that have slowed the world’s transition towards the all-electric future.
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Jugoslav Petkovic
Angel · San Francisco, California, United States · 1 investments in Luxembourg Software startups

Jugoslav Petkovic is founder at Flaviar.

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Investment focus

  • Industry: Logistics, B2B, SaaS
  • Stage:Seed, Angel
  • Geography: Luxembourg, United States

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Loyalis
  • Zesty — Zesty provides regular office catering to companies in San Francisco and the Peninsula.Curated by in-house dietitians, Zesty works with hundreds of high quality Bay Area restaurants such as Nopalito, Dosa, Souvla, Woodhouse Fish Co., Little Star Pizza, Wise Sons, providing nutrition facts on every dish. Every meal is delivered by Zesty's ownCatering Captains, offering all the reliability and service quality of an in-house caterer as well as the variety of dozens of cuisines. Zesty works with hundreds of companies including Salesforce, Twitch, Uber, Lyft, Github, Everlane and TechCrunch, serving breakfasts, lunches, dinners, happy hours and special events.Zesty is aiming to make a real impact on the world by significantly improving the health of employees. They start by empowering their own own team to live healthfully by offering a gym membership of your choice, on-site sports massage, bi-annual retreats, an open vacation policy...and a kombucha kegerator! They are proud to not just have a work hard, play hard attitude, but strive for first class execution in everything they do.They have raised over $20M in funding top Silicon Valley investors including Index Ventures, Founders Fund, Forerunner Ventures, SV Angel and Y Combinator. Their office building is located in the sunny Potrero Hill district of San Francisco.
  • Eurosender — Eurosender is the digital platform for companies and individuals looking for a unified solution for global logistics processes. Eurosender comprises a wide variety of logistics services in different geographies.
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Hiro Capital
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Luxembourg Software startups

Hiro Capital is a Luxembourg / London technology Venture Capital fund which invests in European and UK innovators in Games, Esports and Digital Sports. Hiro Capital generally invests at the post-seed Series A and B stages. We invest both in front-end Content creators in Games, Esports and Digital Sports and in deep tech sector-specificapplications of Cloud, Mobile, Streaming, Big Data, AI, Wearables, AR and VR technologies.

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Investment focus

  • Industry: Gaming, Video Games, Software
  • Stage:Series A, Seed
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 45
  • Lead/follow: no public data

Portfolio highlights

  • Meeple Corp — The Meeple Corp Games Studio Homepage - Transforming analogue play for the digital world.
  • Sidero Labs — Sidero provides organizations with Talos Linux, the OS for Kubernetes, and Omni, the single pane of glass for enterprise-grade Kubernetes.
  • Maintain Altitude — Maintain Altitude is a new mobile game development company that loves both music and games. The company is based in the United Kingdom.
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Pierre Antoine Dusoulier
Angel · Paris, Ile-de-France, France · 1 investments in Luxembourg Software startups

Pierre-Antoine Dusoulier is the CEO of iBanFirst. He previously worked at Saxo Bank as a Head of Western Europe. Pierre-Antoine Dusoulier attended the University of Westminster.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Angel
  • Geography: France, United States, Belgium

Investor stats

  • Total investments: 27
  • Lead/follow: no public data

Portfolio highlights

  • Bastion — Bastion is a cloud-based cyber security platform that is built to scale with security, compliance, insurance, and risk management needs.
  • Roundtable — The community-led platform for private market investments. Create or join a community to co-invest in premium start-ups and funds, seamlessly.
  • FREELAND FOR CORPORATES — Corporate Online Schoo
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Han River Partners
VC Fund · 1 investments in Luxembourg Software startups

Han River Partners is a venture capital firm.

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Investment focus

  • Industry: Rental, Medical, Software
  • Stage:Series A
  • Geography: South Korea, United States

Investor stats

  • Total investments: 8
  • Lead/follow: no public data

Portfolio highlights

  • Realry — Search, compare, and shop your luxury items here. Realry is your luxury fashion search engine that lets you search thousands of online fashion stores at once.
  • Nirvanana — Nirvanana is a game developer that develops an online gaming platform to connect gamers across the world.
  • Twelve Labs — Twelve Labs helps developers make programs that can see, listen, and understand the world as we do by giving them the most powerful video search API
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Bondi Capital S.A.
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Luxembourg Software startups

Pursuing a value oriented investment strategy in event-driven situations. Preserving and growing capital with a long-term perspective

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Investment focus

  • Industry: Open Source, Service Industry
  • Stage:Series A
  • Geography: Luxembourg

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Passbolt — Manage and share passwords securely with Passbolt. Open source, audited and built for teams that need collaboration, compliance and control.
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Charles Sunnen
Angel · 1 investments in Luxembourg Software startups

Charles Sunnen

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Investment focus

  • Industry: SaaS, Software, Real Estate
  • Stage:Seed
  • Geography: Luxembourg

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • kodehyve — kodehyve is a B2B management software that helps real estate developers, agencies and funds to remove workflow inefficiencies and get rid of transparency issues through the use of a powerful multi-sided real estate management collaboration software.
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Roca X
VC Fund · Bucharest, Bucuresti, Romania · 1 investments in Luxembourg Software startups

RocaX > Is building a solid and much needed bridge for startups between the support offered by business angels and the upper stage VCs. Learn more!

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Investment focus

  • Industry: Software, Information Technology, Health Care
  • Stage:Seed, Pre-Seed, Convertible Note
  • Geography: Romania, Italy, Israel

Investor stats

  • Total investments: 31
  • Lead/follow: no public data

Portfolio highlights

  • Milluu — Helping places become homes! Milluu is the app that gets personal, relevant and smart about rent.We believe that things are done properly when you're personally invested. And we invest our technology & smart tools to help you find your next home or your next ideal tenant!We have created a service app that connects directly listers andtenants based on their preferences.Based on AI and ML, our Milluu Bot is the friendly face of the app, assisting you permanently in your rental journey, making suggestions for great matches and helping you close the deal.
  • Munevo — Munevo empowers people with disabilities by using smart and innovative technology.
  • Bunnyshell — Bunnyshell is a a simple and fast cloud-agnostic DevOps automation platform to deploy, scale, and optimize your applications.We provide easy infrastructure management on multiple clouds , application management and DevOps Tools.Bunnyshell increases speed, performance, and scalability & works on the most popular major clouds: AWS, DigitalOcean, Azure, Linode, Vultr, UpCloud.Our platform allows you to focus on growing your app, while we take care of the rest: real time monitoring, auto scaling, smart self-healing servers, one click deployment. Backed by 24/7 real time support.
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Banque Internationale à Luxembourg
VC Fund · Luxembourg, Luxembourg, Luxembourg · 1 investments in Luxembourg Software startups

Banque Internationale à Luxembourg provides banking and financial products and services. Banque Internationale à Luxembourg offers savings, youth savings, mortgage savings, current accounts, term deposits, complementary pension, and short term notes; personal car, students, and mortgage loans; investment products and services, such as funds,securities, structure products, and financial markets; and insurance, debit and credit cards, and online banking services for individuals.

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Investment focus

  • Industry: Software, Compliance, Consulting
  • Geography: Luxembourg

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • Governance.com — Low-code business process management platform for regulated companies. Connect data, automate processes and monitor outcomes & decisions. All in one fast-to-implement solution.
  • Homexperts.lu — Homexperts.lu is the first portal for connecting landlords who have real estate for sale and a very strict selection of the best trusted real estate agencies, certified "The Broker Certificate". With more than 500 real estate agencies active in Luxembourg.
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Luxembourg Ministry of Economy
VC Fund · 1 investments in Luxembourg Software startups

Ministry of economy

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Investment focus

  • Industry: SaaS, Software, Artificial Intelligence
  • Stage:Grant, Seed, Pre-Seed
  • Geography: Luxembourg, United Kingdom

Investor stats

  • Total investments: 5
  • Lead/follow: no public data

Portfolio highlights

  • Morfin — Gamification app for employee engagement, customer loyalty, micro-learning and training, sustainability and events. Try for free!
  • kodehyve — kodehyve is a B2B management software that helps real estate developers, agencies and funds to remove workflow inefficiencies and get rid of transparency issues through the use of a powerful multi-sided real estate management collaboration software.
  • Black Swan — for satellite integrators and operators to enable the next step in in-orbit capabilities
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Caucasus Ventures
VC Fund · Baku, Baki, Azerbaijan · 1 investments in Luxembourg Software startups, 6 in the past 12 months

Caucasus Ventures is a venture capital firm.

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Investment focus

  • Industry: Artificial Intelligence, Software, Financial Services
  • Stage:Seed, Pre-Seed, Series B
  • Geography: United States, Azerbaijan, Georgia

Investor stats

  • Total investments: 36
  • Lead/follow: no public data

Portfolio highlights

  • Clopos — Clopos provides next-generation solutions that simplify and automate work in restaurants and other food businesses, making management more convenient and efficient
  • TASS Vision — A startup company specializing in computer vision based on artificial intelligence and embedded technologies. The company develops and implements technologies such as recognition, detection, tracking and classification, which runs on small embedded computers. In other words: A company that is essentially your second eyes.The company was foundedin 2019.
  • Glacies Biome — Discover the Future of Personalized Skincare Powered by Microbiomics & AI
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SmartFin
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 1 investments in Luxembourg Software startups

Venture capital fund focussing on European B2B technology companies.

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Investment focus

  • Industry: Software, SaaS, Analytics
  • Stage:Series B, Series A
  • Geography: Belgium, The Netherlands, Finland

Investor stats

  • Total investments: 42
  • Lead/follow: no public data

Portfolio highlights

  • Timefold — Experts in PlanningAI for complex scheduling and routing
  • emma — Some meta description
  • CrazyGames — Play free online games at CrazyGames, the best place to play high-quality browser games. We add new games every day. Have fun!
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NetEase
VC Fund · Hangzhou, Zhejiang, China · 1 investments in Luxembourg Software startups

NetEase, Inc. (NASDAQ: NTES) is a leading internet technology company dedicated to providing premium online services centered around content, community, communication and commerce. NetEase develops and operates some of the most popular PC-client and mobile games. Also, we operate Yanxuan, an e-commerce platform that caters to the risingmiddle-class consumer market in China as well as offering advertising, e-mail and other innovative services including music and online education.

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Investment focus

  • Industry: Gaming, Video Games, Media and Entertainment
  • Stage:Series A, Series B, Seed
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 46
  • Lead/follow: no public data

Portfolio highlights

  • MyDearest — MyDearest is a Full dive product planning and development company
  • Wanmi Culture — Wanmi Culture is a full-case marketing service provider that focuses on brand new media full-case services.
  • Build A Rocket Boy — We are a diverse, multinational group of developers, dedicated to making an all-new multi-world gaming experience, EVERYWHERE and MindsEye.
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C5 Capital
VC Fund · Washington, District of Columbia, United States · 1 investments in Luxembourg Software startups

An investment firm dedicated to nurturing a secure digital future

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Investment focus

  • Industry: Software, Information Technology, Cyber Security
  • Stage:Series B, Series A
  • Geography: United States, Israel, United Kingdom

Investor stats

  • Total investments: 29
  • Lead/follow: no public data

Portfolio highlights

  • RapidSOS — As the leading public safety AI company, RapidSOS unlocks mission-critical intelligence for first responders and security teams.
  • Cassava Technologies — Cassava Technologies is an innovative technology company encompassing fiber networks, data centers, renewable energy, cloud & cybersecurity.
  • IronNet Cybersecurity — Collective Defense for advanced cybersecurity, including behavioral analytics, network detection and response, and network traffic analysis.
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Software Investor funding in Luxembourg at a glance

Stats across 77 deals from 119 investors.

119
investors
in Luxembourg Software startups
77
deals
in Luxembourg Software startups
$1.1M
median round
in Luxembourg Software startups
30%
lead investors
lead at least one round
32%
Seed
most common funding stage
71/29
VC / Angel
share of investor count

Access all 119 investors in Luxembourg Software startups.

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