Expon Capital is a Luxembourg-based venture capital firm that backs digital and deep-tech innovation across Europe and beyond. It operates with a two-stage approach, seed and scale-up, and emphasizes active, hands-on partnerships that connect portfolio companies to a global network of industry leaders to drive growth. The firm pursues positive impact and exponential growth, focusing on cybersecurity, fintech, regtech, big data, digital health, digital learning, the Internet of Things, new space, software, mobile, 3D printing, media, and other TMT sectors. It positions itself as a European venture capitalist linking innovation hubs across continents and fostering a community of investors, advisors, and entrepreneurs for long-term success.

Volta Ventures is a Benelux-based venture capital firm, headquartered in Ghent, Belgium, with an office in Amsterdam. It backs seed and early-stage internet and software companies, focusing on B2B software and enterprise software across Belgium, the Netherlands, and Luxembourg. The firm emphasizes active involvement, helping founders identify new markets, hire senior talent, and arrange follow-on financing rounds, supported by a network including experienced business angels. Volta Ventures positions itself as a supportive partner for ambitious startups in the Benelux region, applying governance-aligned and ESG-minded principles to its investment approach.

C5 Capital is a global specialist investment firm that exclusively invests in the secure data ecosystem, including cybersecurity, cloud infrastructure, data analytics, and space, and also engages in related areas such as AI and energy. It builds long-term relationships with innovative companies and provides strategic and operational support through a network of experienced operating partners to help portfolio companies scale. The firm invests across stages to transform critical infrastructure and create a secure digital future, supported by initiatives such as C5 Accelerate. It operates from a global footprint with offices in London, Washington, Luxembourg, Munich and Bahrain, reflecting its international reach and emphasis on cross-border growth.

Luxembourg-based venture capital firm founded in 2019 that sources venture investment opportunities and structures special purpose vehicles to align private investors with selected deals, offering access to a spectrum of opportunities from high-risk, high-return bets to more conservative investments and exclusive allocations in sought-after rounds.

Mangrove Capital Partners is a Luxembourg-headquartered venture capital and private equity firm founded in 2000. It focuses on early-stage and growth investments in technology companies, including internet and software sectors, online services, marketplaces, SaaS, mobility, security, and related areas. The firm targets companies across Europe, Israel, and potentially North America and India, leveraging financing, strategic guidance, and industry relationships to help portfolio companies scale. It maintains offices in Luxembourg, Berlin, and Tel Aviv and has backed notable unicorns such as Skype, Wix, WalkMe, Flo Health, K Health, and TBOL, among others. The firm seeks disruptive tech with global potential and aims to support entrepreneurs from early development through growth stages, emphasizing practical value and long-term partnerships.

SGH Capital is a Luxembourg-based venture capital firm managing a group of funds focused on disruptive business models and creative entrepreneurs. Founded by Alexandre Azoulay in the mid-2010s, the firm targets investments across the United States, Western Europe, and India, spanning sectors including media, enterprise technology, fintech, blockchain, software, food, healthcare, beauty, logistics, marketplaces, and robotics.

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.

Gimv is a European investment company established in 1980 and based in Antwerp, Belgium. It specializes in private equity and venture capital, backing companies across consumer, food, wellbeing, healthcare, life sciences, smart industries, energy, electrification, digitalisation and automation, and sustainable cities. Gimv manages investments in a diversified portfolio of companies, with around 85 portfolio companies generating more than EUR 6 billion in combined turnover and employing over 28,000 people. The firm oversees approximately EUR 1.8 billion of investments, including third-party funds. It operates across multiple European markets, including France, Germany, Belgium, the Netherlands, Luxembourg, Austria and Switzerland.

Verso Holdings is a Luxembourg-based merchant banking firm offering a wide range of financial services, including equity and debt financing, mergers and acquisitions advisory, pre-IPO guidance, private equity, wealth management, real estate financing, venture capital, and special situations investments. The company operates a corporate venture arm that invests in technology-enabled businesses across sectors such as B2B, B2C, clean technology, education technology, and food technology.

Be Angels is a Brussels-based angel network that connects innovative startups with experienced investors across Belgium, Luxembourg, and France. It provides early-stage funding and coaching to growth companies, facilitating equity-based rounds and offering strategic support through a large community of members. The network comprises hundreds of active members and has supported investment activity in the tens of millions of euros across numerous startups, typically supporting initial rounds around €250k in exchange for equity. Be Angels focuses on sectors including B2B, B2C, energy, financial services, healthcare, information technology, and materials and resources, emphasizing strong team quality, viable business models, and growth potential, while maintaining a confidential, collaborative environment for founders and investors.

Fil Rouge Capital is a venture capital firm established in 2014 with a Europe-focused scope and a presence in Luxembourg and Zagreb. It backs early-stage companies across sectors including IT, SaaS, e-commerce, AI, IoT, and consumer and business services, with emphasis on Europe, particularly Central and Eastern Europe, Croatia, Austria, and Southern Germany, and opportunistic activity in the United States. Typical investment sizes range from 0.5 to 5 million euros. The firm aims to add value beyond capital by leveraging founders’ technology and entrepreneurial expertise and broad industry connections.

Bek Ventures is a global venture capital firm that partners with a selective group of early-stage tech founders, providing hands-on support from inception to scale. Headquartered with offices in London, New York, Luxembourg and Istanbul, the firm emphasizes focused, disciplined investing and backs a small number of companies per fund. It has backed multi-billion-dollar successes such as UiPath, Payhawk and Peak, and has over $600 million in committed capital across active funds. Since 2010, Bek Ventures has been recognized as a top-performing VC globally by HEC-Dow Jones. With roots in Emerging Europe, the firm supports portfolio companies with strategic guidance, operating impact, and international growth assistance to help them reach global scale.

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 an accelerator and early-stage venture capital firm based in Liege, Belgium, focusing on incubation, seed/startup, and early venture investments in IoT and SaaS for B2B markets across Belgium, France, Luxembourg, and the Netherlands. It provides a 360° program covering strategy, sales, marketing, and product development, and typically makes minority equity investments ranging from €0.2 million to €1 million, representing about 30% of the company. The Faktory emphasizes close founder collaboration to validate markets and scale products, and it collaborates with international venture networks to support 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.

Porsche Ventures is the corporate venture capital arm of Porsche Automobil Holding SE. It invests in early-stage and growth companies across mobility, industrial technology, sustainability, and digital lifestyle, with focus on future technologies such as artificial intelligence, blockchain, and virtual and augmented reality, as well as climate-neutral power, battery technology, and cybersecurity. The firm partners with founders, leveraging Porsche’s engineering expertise and a global network to accelerate growth. It is headquartered in Stuttgart and maintains a global footprint with offices in Berlin, Ludwigsburg, Palo Alto, Tel Aviv, Shanghai, and Luxembourg.

Basinghall Partners is a London-based venture capital firm that backs seed- and early-stage B2B technology startups across Europe. The firm focuses on digital enablers of industry transformation, supporting cross-industry solutions that improve efficiency, increase market share and enable new business models in traditional sectors. It targets investments in B2B software, SaaS, digital platforms, IoT, AI and deep-tech, with activity spanning supply chain, marketing, blockchain, cybersecurity and augmented/virtual reality. Typical commitments range from roughly EUR 250,000 to EUR 5 million, and the firm maintains a European footprint with offices in London, Munich and Munsbach to back UK and EU-based startups.

Takara Capital is a venture capital firm founded in 2015 that invests in technology startups worldwide. It specializes in startup and bridge financing and seeks disruptive opportunities in the B2B technology sector, with a focus on fintech, social media, cybersecurity, and related areas. The firm pursues a global investment mandate and typically makes equity investments ranging from €0.2 million to €1 million in companies with €1 million to €5 million in sales. It is based in Luxembourg City.

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.

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.

Fable Investments is the corporate venture capital arm of Natura &Co, established in 2020 to invest in emerging and high-growth companies in the beauty and wellness sectors.

Alpha Praetorian Capital is a venture capital firm founded in 2021 and based in Luxembourg. It invests in startups across financial services, information technology, blockchain and fintech sectors, with activity in Europe, Asia and North America, and focuses on the digital asset economy. The firm also operates as a venture builder and backs both early and late-stage ventures in the digital asset space.

Vesalius Biocapital Partners is a Strassen, Luxembourg-based venture capital firm that invests in life sciences and health companies across Europe. Founded in 2007, it backs opportunities in therapeutics, biotech, diagnostics, medical devices and digital health, prioritizing proprietary technology, strong IP, experienced management, and data-driven differentiation. The firm provides seed to late-stage funding and often acts as lead investor, typically taking minority stakes and securing a board seat. It manages more than €150 million across its funds and focuses on European opportunities, including the Benelux region and nearby markets. Vesalius Biocapital Partners aims to help portfolio companies scale and translate scientific advances into improved patient care.

Level-Up is a Luxembourg-based venture capital firm, founded in 2015, that focuses on the mobile and gaming sectors. It supports its portfolio through a network of studios that help founders develop and scale their products, with the aim of delivering lasting value to both entrepreneurs and investors.

TLF Ventures is a Luxembourg-based venture capital firm founded in 2020. It invests in technology-driven startups and early-stage companies across AI, e-commerce, virtual reality, fashion, data analytics, retail technology, logistics, digital goods, luxury sectors, and non-fungible tokens.

Neurone is a technology-focused investment holding company and venture capital firm that invests in early and growth-stage technology companies globally, builds and incubates new technology ventures, and provides operational support to help portfolio companies scale. Founded in 2019 and based in Luxembourg, it targets sectors including B2C, healthcare, information technology, life sciences, SaaS, agriculture technology, climate technology, digital health, insurtech, robotics and drones.

Established in 2021, Teklas Ventures is a venture capital firm based in Luxembourg. It focuses on investing in innovative companies within mobility, advanced manufacturing, advanced materials, supply chain, and logistics sectors across the United States and Europe.

Citius is a globally focused venture capital firm that targets technology-enabled companies at early and growth stages. It backs fast-growing technology firms across regions including Latin America, Southeast Asia and India, with offices in Dubai and Luxembourg.

Paladin Capital Group is a global investor that provides venture, expansion, and growth capital to innovative technology companies, with a focus on dual-use technologies that serve commercial and governmental markets. The firm blends financial expertise with national security and technical insight to add value across a range of market sectors and company stages. It emphasizes active ownership, offering advice, access, and relationships to portfolio companies. Paladin concentrates on digital infrastructure resilience and investments in advanced technologies that enable monitoring, management, and defense of critical infrastructure dependent on cyberspace. Founded in 2001, Paladin is headquartered in Washington, D.C., and maintains offices in New York, Silicon Valley, London, and Luxembourg.

Digital Space Ventures is a venture capital firm that funds seed and early‑stage fintech and technology companies, focusing on financial services, cybersecurity, data analytics, machine learning and artificial intelligence, and payments and remittances. It provides early equity investments, typically in the range of $50,000 to $500,000, and supports portfolio companies with strategic guidance and networking.

Vesna Deep Tech Fund is a venture capital investment firm based in Senningerberg, Luxembourg, established in 2024. It concentrates on funding deep tech initiatives and startups, with the aim of addressing or innovatively solving the planet's most significant problems.

Alpha Intelligence Capital is a venture capital firm focused on accelerating the development of artificial intelligence and machine learning technologies. It invests in early-stage AI/ML companies, with an emphasis on algorithmic sciences and practical applications that address real business problems. The firm supports startups through experienced leadership drawn from Fortune 500 executive teams, successful ventures, and academia, providing strategic guidance and access to networks. Headquartered in San Francisco, it maintains offices in Senningerberg, Singapore, and Paris, enabling a global reach across the United States, Europe, and Asia. Alpha Intelligence Capital backs a diverse portfolio of leading AI ventures across sectors such as healthcare, cybersecurity, and enterprise software.

Waarde Capital is a private equity and venture capital firm established in 2012 and headquartered in Capellen, Luxembourg, with additional offices in Amsterdam and Moscow. It invests across stages from seed and startup to growth and buyouts, targeting technology-oriented companies in high-tech, software, Internet, biotechnologies, and the digital economy. The firm pursues opportunities in Europe, the United States, Israel, Africa, and Southeast Asia, and provides debt financing and strategic support in addition to equity capital. Management combines entrepreneurial experience with long-standing investment know-how to back teams delivering scalable growth, often taking board seats to influence strategic direction. Waarde Capital emphasizes breakthrough technologies and emerging markets, aiming to accelerate value creation through hands-on execution, operational guidance, and international expansion.

Cloudberry Pioneer Investments is a venture capital firm with teams in the United Kingdom, Singapore, and Luxembourg. It invests in early-stage startups in fintech, renewable energy, and high-performance computing, aiming to transform industries through resilience and innovation.

Satgana is an impact venture capital firm that backs climate-tech startups to create a sustainable, fair, and regenerative future. It supports early-stage companies across mobility, energy, food and agriculture, industry and buildings, carbon removal, and the circular economy, with a geographic emphasis on Europe and Africa. In addition to providing capital, Satgana offers hands-on support in fundraising, strategy, operations, technology, recruitment, and impact management to help portfolio companies scale. The firm is headquartered in Luxembourg and fosters an ecosystem through initiatives such as the Satgana Collective network and impact workshops to advance responsible innovation and collaboration.

Ben Oldman Partners is an investment manager founded in 2013 and based in Luxembourg, specializing in asset-backed lending, bridge financing, and corporate special situations in Southern Europe, with a focus on real estate, infrastructure, and green energy sectors.

EonTech Ventures is a venture capital firm based in Luxembourg that provides startup and expansion capital to companies in software, digital entertainment, and consumer electronics, with activity also reported in Italy.

Sparkle Ventures is a boutique venture firm focused on connecting capital and technology. It acts as a fund manager and specialized advisor, helping access to opportunities where innovative science develops into infrastructure projects. Founded in 2021 and based in Luxembourg, the firm operates across the United States, the Middle East, and Europe. Its investment focus includes blockchain distributed systems, artificial intelligence and machine learning automation, and virtualization technologies, and it engages in equity investments and token opportunities to support Web 3.0 and metaverse initiatives.

Lurra Capital is a Switzerland-based private capital investment firm established in 2017 and led by Tyron Birkmeir. It serves ultra-high-net-worth investors and family offices by providing access to strategic, alternative opportunities across three core areas: real estate, private equity, and venture capital. The firm is headquartered in Zurich with additional offices in Luxembourg and Monaco, and it oversees approximately $5 billion in assets under management. Its real estate activity focuses on the acquisition, development, and management of residential assets, including multi-family properties, with a geographic emphasis on Switzerland and Florida. Through its private equity and venture units, it backs growth-stage and innovative companies across diversified sectors. The company operates as an invitation-only partner for sophisticated investors seeking diversified exposure to private markets.

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.

Incofin Investment Management is an impact investment firm based in Antwerp, Belgium, founded in 2001, focused on financial inclusion for rural and agricultural sectors in developing countries. It invests in microfinance institutions and small- and medium-sized enterprises through debt and equity and guarantees, and may participate in other private equity or microfinance funds, aiming to support intermediaries serving rural poor, smallholder farmers and agricultural value chains. The firm typically seeks minority stakes and may sit on the boards of MFIs, while prioritizing portfolio diversification and impact; its activities span Africa, Asia, Latin America and other regions, with a particular emphasis on Sub-Saharan Africa and developing markets. It maintains offices in Bogota, Chennai, Nairobi, Luxembourg and Phnom Penh to support its global investments.

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.

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.

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.

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.

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.

DLF Venture is a Luxembourg-based family office that invests in consumer-focused businesses across Western Europe. Founded in 2016, the firm operates as a family-owned investment vehicle with a presence in Brussels and London. It seeks to back brands and direct-to-consumer opportunities, spanning seed, early, and later stages, with a focus on consumer products and EdTech. The four core sectors it targets are food and beverage, health and care, edtech, and innovative retail and hospitality, typically in Western European markets.