Expon Capital is a Luxembourg-based venture capital firm that backs technology companies across Europe, with a particular emphasis on Luxembourg. It focuses on cybersecurity, fintech, regtech, big data, digital health, digital learning, the Internet of Things, next-generation media and communication networks, satellite-based information and communication technologies, and related sectors, aiming to deliver positive impact and exponential growth.

MiddleGame Ventures is a venture capital firm based in Luxembourg with an additional office in Washington, DC, that backs fintech and related technologies across Europe and North America, focusing on rearchitecting financial services infrastructure through middleware, back-office systems, and digital modernization. Its investment scope includes fintech platforms, open finance, blockchain and crypto, AI/ML, data analytics, and regtech, spanning payments, asset management, capital markets, insurance, and digital banking. The firm often targets B2B and B2B2C companies that enable the transition from analog to digital and from centralized to decentralized models, with activity in the European Union and North America, including Ireland and the United States. It seeks to partner with ambitious teams building scalable, regulatory-compliant tech to transform financial services.

Dedicated Venture Capital is a Luxembourg-based venture capital firm established in 2019 that sources venture investment opportunities for private investors and structures investment vehicles, including SPVs, to offer selective access to high-potential deals and exclusive allocations in sought-after rounds (e.g., Airbnb, SpaceX, OpenAI).

C5 Capital is a global specialist investment firm that exclusively invests in the secure data ecosystem and the transformation of critical infrastructure, with a focus on cybersecurity, cloud infrastructure, data analytics, AI, energy and space. It pursues long-term relationships with innovative companies that share a mission to secure the digital future, combining capital with strategic industry insight through a network of operating partners drawn from government and private sectors. The firm participates in private equity and venture investments across early to late stages, supporting portfolio companies with governance and growth guidance. With offices in London, Washington DC, Luxembourg, Munich and Sanabis, Bahrain, C5 Capital operates internationally to identify opportunities across Europe, the Middle East, North America and other regions. It also runs accelerator programs and engages in related initiatives to accelerate top startups.

Mangrove Capital Partners is a Luxembourg-based venture capital and private equity firm founded in 2000 that concentrates on early-stage technology companies. The firm aims to turn visions into reality by providing financing, strategic guidance, and industry relationships, with a history of backing notable unicorns such as Skype, Wix, WalkMe, Flo Health, K Health, and others. Mangrove targets internet and software businesses across sectors including online services, marketplaces, SaaS, mobile, security, and related infrastructure, with a geographic focus on Europe (including the Benelux, Germany, France, Italy, Spain, Russia) and Israel, and opportunistically in the United States, Canada, and India. The practice combines long-term, patient capital with active involvement to help portfolio companies scale in growth phases.

SGH Capital is a venture capital firm founded in 2014 by Alexandre Azoulay and headquartered in Luxembourg. It operates as a group of funds focused on disruptive business models and creative entrepreneurs in the US, Europe, and India, investing across a broad range of sectors including media, enterprise technology, fintech, blockchain, software, food, healthcare, beauty, logistics, marketplaces, and robotics. The firm takes an agnostic approach and enters new technology verticals as opportunities arise, with investments spanning the United States and Western Europe.

Ilavska Vuillermoz Capital is a venture capital and alternative investment firm based in Luxembourg, with activities in the Czech Republic. Founded in 2019, it concentrates on early-stage defence technology and DefenceTech ventures, including single- and dual-use applications, and also invests in other technology sectors across early to late stages.

Fil Rouge Capital is a Europe-focused venture capital firm that backs early-stage technology and tech-enabled companies. It pursues investments across sectors such as IT, software as a service, e-commerce, consumer and business products and services, IoT, artificial intelligence and machine learning, advanced manufacturing, and infrastructure, typically deploying equity or debt and aiming to complement founders' technical and entrepreneurial backgrounds. The firm operates across Europe, with activity reported in Luxembourg, Croatia and Central and Eastern Europe, including Slovenia, Austria and Southern Germany, and has shown willingness to invest opportunistically in other European markets. Typical investment sizes range from 0.5 to 5 million euros.

Howzat Partners is a venture capital firm established in 2006 with bases in Luxembourg and London. It makes investments across incubation, seed, startup, growth capital, and early to mid‑stage ventures, with a focus on digital businesses in internet, digital media, e-commerce, electronics, transportation, and gaming. The firm invests globally and often serves as a sounding board for portfolio companies, including co-investment activity with partners.

Bellevue Asset Management is a Swiss investment management firm and subsidiary of Bellevue Group, an independent financial group headquartered in Zurich. Established in 1993, it offers a broad range of investment products and services to intermediary and institutional clients, with a notable emphasis on the healthcare sector through Luxembourg-based funds and specialized equity strategies. The firm manages client-focused equity portfolios, mutual funds, hedge funds, and venture capital investments and invests globally in public equities using fundamental, bottom-up research. It also pursues multi-asset strategies and supports entrepreneur-themed funds, reflecting its pioneering approach in this niche. Bellevue Asset Management operates from Küsnacht with additional offices in Germany, Austria, and Luxembourg.

Veris Ventures is a venture capital firm founded in 2022 with bases in Geneva and Luxembourg. It is an early-stage investor focused on blockchain technology, cryptocurrency, and Internet of Things startups.

Balnord is a venture capital firm founded in 2024 and based in Luxembourg, investing in companies that build deep tech and data-driven software, including dual-use technologies in the Baltic Sea Region.

Bek Ventures is a global venture capital firm based in Luxembourg with offices in London, New York, Luxembourg and Istanbul. It focuses on early-stage technology startups with global ambitions and roots in Emerging Europe. The firm has over $600 million in committed capital across its active funds and a track record that includes multi-billion-dollar successes such as UiPath, Payhawk and Peak. Recognized as a top-performing VC globally since 2010 by HEC-Dow Jones, Bek Ventures emphasizes selective, disciplined investing aimed at helping exceptional founders scale internationally.

Alpha Future Funds is a venture capital firm founded in 2020 with operations in Munich, Germany, and Luxembourg. It makes multi-stage investments across venture capital and private equity, spanning energy, sustainability, artificial intelligence, robotics, digitalization, software and mining equipment, technology and related services. The firm aims to support founders by leveraging an international network, capital, and hands-on experience in company building, seeking to partner with entrepreneurs early in their growth. Its investment approach targets companies advancing the low-carbon economy, the electric vehicle revolution, and the global battery transition, with the goal of helping portfolio companies emerge as leaders in sustainable markets.

The Faktory is a Belgian accelerator, incubator and early-stage venture capital firm based in Liege, founded in 2013. It supports startups in incubation, seed and early-stage financing, with a focus on Internet of Things and software as a service, targeting markets in Belgium, France, Luxembourg and the Netherlands. The firm typically invests between 0.2 million and 1 million euros per transaction, taking a minority stake around 30 percent, and backs companies developing consumer electronics, high-technology, gaming, apps, drones, SaaS and IoT products. Its approach combines Lean Startup and Business Model Canvas methods to identify market niches, validate customer needs and accelerate go-to-market. The Faktory has collaborated with Boldstart Ventures and supports portfolio companies through mentors and a network to foster international growth.

Falkensteiner Ventures is a venture capital investment firm headquartered in Vienna, Austria, that focuses on seed and early-stage opportunities in hotels, lodging, leisure and hospitality, travel and mobility, accommodation and camping, and elderly care across Europe, with emphasis on German-speaking markets. It supports selected founders from concept to seed phases through industry know-how, a professional network, investment, and infrastructure to accelerate growth.

Mojo Capital is a Luxembourg-based investment firm founded in 2014 that operates a collaborative investment platform focused on European digital technology growth companies. The platform connects founders, managers, and investors to finance growth by providing access to market intelligence, networks, and a broad range of opportunities; through its proprietary network, it helps participants access major markets including the United States and Asia, accelerating scale and growth. In addition to the platform, the firm engages in direct and fund-of-funds investing with a focus on digital technology and information technology companies in Europe, targeting emerging growth, early-stage and late-venture opportunities, growth capital, PIPEs and bridge financing.

Bamboo Capital Partners is an impact-focused private equity and venture capital firm established in 2007. It targets early to growth-stage companies across sectors including financial services, fintech, energy, healthcare, housing, education, agriculture, and water and sanitation, with a focus on financial inclusion and social impact. The firm pursues global investments with typical equity commitments in the low millions of dollars. It is headquartered in Luxembourg and maintains a global footprint with offices in Europe, the Americas, Africa, and Asia.

i&i Biotech Fund is a Luxembourg-based venture capital firm that invests in European life sciences companies spanning drug discovery, medical devices, diagnostics, digital health, and related AI-enabled technologies.

Vesalius Biocapital Partners is a Luxembourg-based venture capital firm that backs companies in human health across Europe. Founded in 2007, it focuses on life sciences, therapeutics, medical devices, diagnostics, biotechnology, and related digital health initiatives. The firm typically invests across development stages, often taking lead or co-lead roles, and supports portfolio companies with strategic guidance and board representation. Its activity centers on early-stage opportunities with proprietary technology, strong IP, and data-driven competitive advantages, including novel drug discovery, development, and healthcare solutions addressing unmet medical needs. Vesalius seeks to partner with European teams, particularly in Benelux and neighboring markets, and has historically managed significant capital through multiple funds, reflecting a long-term commitment to the sector. The firm emphasizes interaction with management through its European network and aims to build a diversified portfolio of health-focused technologies.

HLD Group is a private equity investment group based in Luxembourg City, Luxembourg, founded in 2010, with offices in Milan, Zurich and Paris. It focuses on mid-market companies across Europe, particularly in healthcare, services, aeronautics, cosmetics, business services, industry and consumer sectors. The group invests primarily on its balance sheet and pursues equity investments typically ranging from €15 million to €600 million, with enterprise values from €40 million to €1,000 million and EBITDA from €4 million to €100 million. It targets long-term holds and exits investments over 10 to 15 years.

212 is a Luxembourg-based investment firm focusing on technology companies across Turkey, Central and Eastern Europe, and the Middle East and North Africa. It backs early- and growth-stage tech ventures, with a particular emphasis on B2B software, internet, mobile, e-commerce, and cloud sectors. The firm seeks companies with traction and clear product-market fit that can scale internationally, often taking minority stakes and providing hands-on mentoring and strategic guidance in addition to capital. Its approach combines regional insight with global execution, aiming to help portfolio companies expand beyond local markets. The team comprises seasoned professionals with backgrounds in multinational corporations and startups, focused on strategy, operations, and execution to cultivate a regional tech ecosystem.

Incofin Investment Management is an impact investment manager focused on financial inclusion in developing countries. The firm manages funds that invest in microfinance institutions and aims to reach rural populations and smallholder farmers by providing access to credit, savings and insurance through MFIs and related financial services. It also invests in rural and agricultural SMEs, cooperatives and intermediaries servicing the agricultural value chain, using debt, guarantees and equity to support growth. Headquartered in Antwerp, Belgium, with offices in Bogota, Chennai, Nairobi, Luxembourg and Phnom Penh, it seeks to deploy capital in regions including Sub-Saharan Africa, Latin America, Asia and Eastern Europe, prioritizing rural and underserved markets. The firm partners with MFIs and other funds, sometimes taking board seats, to promote financial inclusion while maintaining a focus on sustainable development.

Karma Ventures is a Tallinn-based venture capital firm that backs early-stage technology companies across Europe, with a focus on late-seed and Series A rounds. It invests in software, deep-tech, and ICT startups that demonstrate strong technology, customer traction, and international ambition. The firm targets European teams and supports them through multiple rounds, typically committing up to a few million euros per company and pursuing follow-on investments as needed. Karma Ventures operates from Estonia with additional offices in Luxembourg, and it partners with entrepreneurs to define paths to growth across commercial, strategic, and technical dimensions.

PostScriptum Ventures is a Luxembourg-based private equity and venture capital firm that makes direct investments across seed to growth stages, including early and middle-market opportunities. The firm focuses on renewable energy and related technology sectors, while also engaging in business products, business services, information technology, and other technology-driven opportunities. It seeks to invest outside Western Europe and the United States, targeting international markets and development of new businesses. By combining capital with sector expertise, PostScriptum Ventures aims to support startups and growth companies in realizing scalable, long-term value in the energy and technology landscape.

Founded in 2013 and based in Luxembourg, Ubon Partners is a venture capital and private investment firm that concentrates on technology and growth-stage companies. The firm prefers early and growth investments across sectors including technology, semiconductors, robotics, the Internet of Things, financial services, and energy. It emphasizes active involvement, with partners working closely with entrepreneurs and shareholders to support development and scale. Drawing on operational experience, Ubon Partners seeks to be a strong partner that adds value through focused, hands-on collaboration rather than broad diversification.

EureKare is a venture capital investment firm based in Senningerberg, Luxembourg, founded in 2020. The firm specializes in investing in synthetic biology biotechnology companies and is dedicated to creating new ventures within this innovative sector. EureKare primarily targets opportunities in the synthetic biotechnology industries across Europe, aiming to support the development of groundbreaking technologies and solutions in the life sciences.

Digital Leaders Ventures is a European venture capital firm based in Luxembourg that backs technology companies with global growth potential. Founded in 2014, it focuses on European entrepreneurs who go global from day one, prioritizing scalable business models with high growth and strong demand. The firm targets investments across smart cities, internet, mobile, education, finance, communication, and technology sectors, supporting cross-border expansion and the development of innovative solutions on a global scale.

Pamoja Capital is a private investment firm founded in 2006 by John McCall MacBain and a management team after the sale of Trader Classified Media. Based in Luxembourg, the firm pursues long-term, socially responsible investments across multiple sectors, including education, life sciences (healthcare), information technology, media and communications, real estate, and environmental services. It participates in investments at various stages of growth, from seed and growth capital to buyouts and growth equity, with a geographic reach across Europe, North America, Asia, Oceania, and the Middle East. Pamoja Capital emphasizes sustainable cash flow and leverages the operating experience of its managers to help portfolio companies achieve a competitive advantage.

FORM Life Ventures is a venture capital firm founded in 2022 and based in Luxembourg. It invests in technology-focused healthcare companies with the aim of accelerating the shift from traditional sick care to modern healthcare. The firm backs ventures that strive to help people live longer, healthier lives and to keep the environment healthy, reflecting a commitment to sustainable well-being. By supporting early- and growth-stage startups applying digital health, data-driven innovation, and novel therapeutics, FORM Life Ventures seeks to strengthen the health ecosystem and advance preventive and personalized care.

Candy Ventures is a venture capital investment firm based in Luxembourg. It backs entrepreneurs from early-stage to high-potential growth companies, seeking opportunities with international expansion in the global alternative investment space, across sectors such as fintech, deep tech, augmented reality, digital media, consumer and sports, biotech, water infrastructure, and natural resources.

Cogito Capital Partners is a venture and growth capital firm founded in 2018 that backs late-stage and growth-stage B2B technology companies. The firm focuses on enterprise software, fintech and insurtech, mobility, and medtech/diagnostics, including telemedicine and IoT, and seeks minority investments to help portfolio companies scale in Europe and the United States and beyond. It maintains a cross-continental footprint with offices in Warsaw and New York, as well as Luxembourg and Berlin, reflecting its European and North American reach.

Founded in 2024, Deepbright Ventures is the venture capital arm of Hello Tomorrow, based in Mamer, Luxembourg, focused on early-stage deep tech startups (preseed and seed) and leveraging a decade of expertise and a global network to identify and support promising ventures.

Boundary Holding is a venture capital investment firm headquartered in Luxembourg, founded in 2016 by Rajat Khare. It concentrates on deep tech and artificial intelligence, investing in startups operating in areas such as internet of things, drones, robotics, big data, health, environment and safety. The firm supports scalable business models through selective funding and maintains a network of startup programs around the world focused on AI and analytics, helping portfolio companies leverage advanced technologies to capture market opportunities and accelerate growth.

NVO Capital is a venture capital firm founded in 2017 and based in Luxembourg. It invests in early-stage opportunities across artificial intelligence, entertainment and gaming technology, augmented and virtual reality, robotics, and related tech sectors.

Founded in 2022, Kickfund is a Swiss venture capital firm investing in pre-seed and seed stage deep-tech startups that have won the Venture Kick competition. Based in Luxembourg, it supports these startups through early equity rounds without taking a leading position, aiming to foster growth and global visibility for Swiss startups while generating strong financial returns.

Praesidium is a Luxembourg-based investment firm focusing on venture capital, private equity, and mid-market opportunities, with interests in healthcare and agri-food technology. Established in 2016, it invests across the value chain, prioritizing technologies that can transform industry and improve people's lives and the environment. It mainly pursues early-stage investments but also supports more mature companies and accelerates growth through its network.

Nausicaa Ventures is a Belgian venture capital firm founded in 2009 and based in Louvain-la-Neuve with an office in Mechelen. It focuses on funding early-stage and early-growth companies in and around Belgium, aiming to bridge the equity gap for promising ventures. The firm typically invests €1–€4 million per round and targets opportunities within roughly 300 km of Brussels, spanning France, Luxembourg, the Netherlands, Switzerland, and the United Kingdom, with activities centered on medtech, information and communications technology, high-tech, manufacturing, clean technology, and related sectors. It operates with experience from a diverse investor base and seeks to invest alongside angel investors or family offices. The average holding period is about five years, with exits typically after three to six years. The objective is to support companies through growth and to work closely with management toward successful exits.

Founded in 2019, Mandalore Partners specializes in Venture Capital-as-a-Service (VCaaS), focusing on strategic and impact investments in innovative technology companies. They work with corporations, insurance companies, and institutional investors to source startups disrupting traditional players in Fintech, Insurtech, Proptech, Wealthtech, and Impact Finance.

Stake Capital is a Luxembourg-based startup studio founded in 2021, specializing in blockchain and deep technology, and provides highly available and secure blockchain validation services for leading proof-of-stake networks.

Chameleon Invest is a venture capital firm based in Béreldange, Luxembourg, focusing on early-stage and startup investments in technology-driven sectors.

SV Stars Venture Capital is a venture capital firm established in 2014 and located in Petange, Luxembourg. The firm focuses on providing investments primarily in the financial services sector. While it initially sought opportunities within this industry, SV Stars Venture Capital is recognized for its involvement in the European market, particularly in angel investments.

Sparkle Ventures is a Luxembourg-based venture capital firm established in 2021 that funds early-stage technology companies. The firm pursues investments in blockchain distributed systems, artificial intelligence and machine learning automation, virtualization technology, and projects related to Web 3.0 and the metaverse. It allocates capital across equity and token-based instruments to support innovative ventures within these domains.

PeakBridge is a global impact venture capital firm focused on FoodTech, based in Luxembourg. It backs early-stage to Series B companies developing scalable, protectable technologies that aim to disrupt the food system and deliver positive climate and health outcomes. The firm invests across ingredients, alternative protein technologies, AI and digitalization, nutrition, and alternative farming, leveraging a network spanning multiple countries and a team with extensive Agri-Food operational and financial experience. PeakBridge is a partner of Edmond de Rothschild Private Equity and is affiliated with EIT Food as part of its ecosystem, enabling connections to capital, customers and strategic partners. The firm emphasizes technologies with climate and health benefits, supporting bold founders whose innovations can scale globally.

DLF Venture is a family-owned investment company based in Luxembourg, founded in 2016. It focuses on consumer-oriented sectors, primarily investing in food and beverage, health and care, edtech, and innovative retail and hospitality, with a strong preference for markets in Western Europe. The firm targets companies at various stages, including seed, early, and later stages, emphasizing products and services that foster strong branding and a direct-to-consumer business model. DLF Venture maintains operations in key locations such as Brussels and London, reflecting its commitment to nurturing consumer-focused innovations.

Olymp Capital is a Luxembourg-based private equity and venture capital firm focusing on blockchain and cryptocurrency investments. Founded in 2018, the firm targets seed to Series B rounds and evaluates opportunities based on leadership, business model, and strategy. It maintains offices in Paris, New York, and San Francisco to support cross-border deals and portfolio companies. Olymp Capital seeks to back blockchain and crypto ventures across Europe and North America, aiming to connect investors with promising projects and entrepreneurs in the digital asset space.

White Cloud Capital is a private investment company and family office based in Luxembourg. Founded in 2018, the firm provides capital across growth and venture stages to fast-growing companies, with a focus on healthcare, industrial services, and technologies. It seeks to deploy strategic growth capital and venture investments to support portfolio firms as they scale.

GG 1978 is a venture capital firm established in 2022 and based in Luxembourg. The company primarily focuses on investing in sectors such as pharmaceuticals, biotechnologies, healthcare, information technology, beauty, food technology, health technology, and life sciences. By targeting a diverse range of industries, GG 1978 aims to support innovative startups and contribute to advancements in these fields.

Established in 2018, BergTop VC is a venture capital firm headquartered in Luxembourg. It focuses on investing in early-stage, rapidly scalable B2B and B2B2C companies across Eastern Europe.

Founded in 2024, Radix Ventures is a venture capital firm based in Luxembourg City. It focuses on investing in deep tech innovations across Europe, with an emphasis on sectors such as energy, manufacturing, transport, space technology, dual-use applications, and next-generation computing.