MiddleGame Ventures is a European fintech-focused venture capital firm that backs early-stage and growth-stage startups building digital financial services infrastructure, including middleware, open finance, payments, digital banking, blockchain and crypto, and related AI, data and risk management solutions, with activity across Europe and North America. Headquartered in Luxembourg with offices in Dublin, London and Washington, D.C., it leverages a network of investors, operators and former regulators to provide strategic guidance and hands-on support to portfolio companies.

Dedicated is a Luxembourg-based venture capital investment boutique that sources and structures high-potential deals for private investors. The firm identifies opportunities across ambitious bets and conservative investments and structures special purpose vehicles to provide selective access to deals, including allocations in highly sought rounds. It focuses on facilitating access to venture opportunities and supporting the creation of value through disciplined investment selection.

Fortino Capital Partners is a Belgium-based private equity and venture capital firm founded in 2013 that provides growth capital and hands-on operational support to technology companies in Western Europe, with a focus on B2B software, SaaS, AI, IT services, and related TMT opportunities. The firm targets mid-market businesses, offering expansion capital and strategic guidance to accelerate growth, scale go-to-market capabilities, and pursue M&A opportunities. Its investments span the Benelux and broader Europe, including France, Germany, Luxembourg, and the Netherlands, with selective cross-border and US expansion where applicable. Fortino emphasizes a practical, results-oriented approach and partners with portfolio companies to mature, scale, and build sustainable growth.

Mangrove Capital Partners is a Luxembourg-headquartered venture capital and private equity firm founded in 2000. It targets early-stage technology companies, focusing on internet and software, online services, marketplaces, SaaS, mobile, and related areas, and provides financing, strategic guidance, and industry connections to portfolio companies. The firm invests primarily in Europe and Israel, with occasional activity in the United States, Canada, and India, and maintains offices in Berlin and Tel Aviv. Mangrove is known for a contrarian, patient approach and has backed several unicorns during its history, including Skype, Wix, Flo Health, and WalkMe, reflecting a track record of partnering with founders to turn visions into growth.

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.

SGH Capital is a venture capital firm and group of funds focused on disruptive business models and innovative entrepreneurs across the United States, Europe, and India. Founded by Alexandre Azoulay and headquartered in Luxembourg, the firm pursues early and mid-stage investments through multiple funds, including flagship SGH/Alpha, SGH/Fluid for fintech, and SGH/Growth, as well as a growth-oriented series B-C vehicle. SGH Capital deploys capital across sectors such as software, fintech, media, enterprise technology, blockchain, robotics, healthcare, logistics, and consumer tech, with a global footprint in North America, Europe, and beyond. The firm emphasizes data-driven decision making, employing a proprietary AI platform supported by a network of thousands of scientists to guide capital allocations and identify high-potential teams. Leadership includes Alexandre Azoulay, Guillaume Deback, and Karine Arama, who bring experience in business development, venture capital, and investment banking.

UL Invest is a Luxembourg-based investment company pursuing geographically diversified investments in unlisted assets across real estate, venture capital, private equity, and private debt. The firm emphasizes digital innovation and eco-friendly tourism, offering operational and strategic guidance to portfolio companies to support long-term value creation and positive societal impact. It invests across sectors including innovative production technologies, online brand scaling, fintech, business and consumer products and services, wellness, and technology, and actively engages on boards of portfolio companies while backing emerging businesses with disruptive potential.

Be Angels is a European business angel network based in Brussels, Belgium. It connects founders with experienced angel investors to provide equity financing and coaching for early-stage companies across sectors such as SaaS, biotechnology, AI, robotics, automotive technology, construction, hospitality, healthcare, information technology, energy, and financial services. The network offers dealflow management, mentorship, and educational resources through BeAngels Academy, and organizes fundraising events. It operates primarily in Belgium, Luxembourg, and France and counts around 250 members. Through its activities, Be Angels has facilitated more than 10 million euros in funding for innovative startups over the past four years. It collaborates with professional partners to assist private investors with capital gains tax guidance, strengthening support for founders and their backers in the region.

Bek Ventures is a global venture capital firm that backs a selective group of early-stage technology founders from their earliest days to global scale. The firm leverages a principle-driven approach developed over two decades and provides relentless, hands-on support while concentrating resources on a small number of portfolio companies. It has backed multi-billion-dollar successes such as UiPath and Payhawk and has been recognized as a top-performing VC globally since 2010 by HEC/Dow Jones. With offices in London, New York, Luxembourg and Istanbul, Bek aims to help exceptional teams transform ambitious ideas into scalable businesses through focused investment and active partnership.

Porsche Ventures is the corporate venture capital arm of Porsche that invests in early-stage to growth startups across mobility, industrial technology, sustainability, and digital lifestyle, with a focus on customer experience and future technologies such as artificial intelligence, blockchain and immersive reality. Backed by Porsche’s industry expertise, it backs founders building climate-neutral power systems, AI-enabled manufacturing, advanced materials, battery tech, IoT security and related frontier technologies, aiming to accelerate portfolio growth and global scale. The firm maintains a global presence with offices in major markets worldwide.

Mojo Capital is a Luxembourg-based investment firm that operates a collaborative platform to finance growth of Europe-based digital technology champions. Founded in 2014, it connects founders, managers, and investors to access growth capital and market opportunities across Europe, the United States, and Asia. Through its network and partnership-driven approach, Mojo Capital provides investors with access to digital technology opportunities and offers governance and value-creation support to portfolio companies as they scale. The firm focuses on early-stage to growth investments in digital technology and information technology companies, aiming to accelerate expansion through strategic collaborations and a structured governance framework.

Bamboo Capital Partners is an impact investing platform and asset management arm of Palladium, operating globally to finance businesses in emerging and frontier markets. It bridges the funding gap between seed and growth stages by providing debt and equity financing to companies serving low- to middle-income populations, aiming to deliver both financial returns and positive social impact. The firm identifies scalable, game-changing businesses and adds value through its impact expertise, supporting sustainable jobs and progress toward the Sustainable Development Goals. Founded in 2007, the firm is headquartered in Luxembourg with a global footprint across multiple regions, and it invests across sectors such as energy, healthcare, financial services, microfinance, fintech, housing, and agriculture, spanning venture to growth capital.

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 Luxembourg-based venture capital firm that invests across the digital asset economy, including blockchain, fintech, financial services, and information technology, with activities across Europe, Asia, and North America. It targets both early and late-stage startups and operates as a venture builder, providing capital, mentorship, and access to a global network to support growth and international expansion. The firm emphasizes collaboration with entrepreneurs to foster disruptive innovations in Web3, AI, and high-performance computing, and has demonstrated active deal activity, including leading a seed round in a Web3 CRM company.

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.

Groupe HLD is a European private equity group founded in 2010 that invests in high-growth companies across Europe in sectors including business services, consumer, healthcare, and industry. It pursues an entrepreneurial partnership approach and prioritizes operational development over financial leverage, pursuing growth through acquisitions, buildups, and exits. The group manages about €4 billion in assets and has a footprint spanning Luxembourg, Italy, France, Switzerland, and beyond. In the last year its 22 portfolio companies generated roughly €10 billion in turnover and employed about 97,922 people, highlighting its scale. Since inception it has completed 29 acquisitions and more than 70 buildups.

BlueOrchard Finance is a global asset manager concentrating on impact investing, with a focus on debt financing for microfinance institutions. Headquartered in Geneva, Switzerland, it maintains offices in Cambodia, Georgia, Peru and Kenya, with a presence in Luxembourg and Zurich. Since 2001, it has facilitated billions of dollars in microfinance loans and aims to advance inclusive finance while offering investors products that balance financial and social returns. The firm provides microfinance investment solutions across asset classes and relies on local expertise and impact management to support entrepreneurs in emerging markets and promote a sustainable financial system.

Vesalius Biocapital Partners is a Luxembourg-based venture capital firm that invests in life sciences and health care companies across Europe. Since 2007, it has managed multiple funds and served as lead investor in the majority of its rounds, supporting ventures from early to late stages with proprietary technology, strong IP, and clear competitive advantages. The firm focuses on therapeutics, medical devices, diagnostics, digital health and eHealth, aiming to back companies addressing unmet medical needs with solid data. Its portfolio focuses on European opportunities and emphasizes management collaboration and strategic insight.

Lurra Capital is a private capital investment firm that provides ultra-high-net-worth individuals and family offices with access to strategic, alternative opportunities across real estate, private equity, and venture capital. Headquartered in Zurich, Switzerland, with offices in Luxembourg and Monaco, the firm operates across Europe and targets a diversified portfolio. The real estate strategy focuses on residential assets, including multi-family properties in Switzerland and Florida, while its private equity and venture activities back growth-stage and innovative companies across sectors. Founded in 2017, Lurra Capital manages about $5 billion in assets and seeks to connect clients with high-potential opportunities and support wealth management and portfolio development.

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 that invests in technology and luxury sectors, backing entrepreneurs who drive industry transformation. The firm focuses on AI, fashion technology, e-commerce, virtual reality, Web3, data and analytics, retail technology, logistics, digital goods, and related areas, seeking companies with potential for large-scale impact. Its portfolio includes startups such as Wirestock, Phia, FashionJet, and DressX, reflecting a focus on tech-enabled luxury experiences and products. TLF Ventures provides strategic support to founders to realize their visions and pursue scalable growth.

Dgpays is a Turkish-based payment technology group led by Dgpara Ödeme ve Elektronik Para Kuruluşu A.Ş., regulated by the Turkish Central Bank under Law No. 6493 to provide electronic money and payment services. The group comprises Dgpara and Dgpays IT as subsidiaries and operates under the Dgpays umbrella, with approvals to offer cloud services through the Topluluk Bulutu initiative. Headquartered in Istanbul with offices in Dubai, Luxembourg and Wilmington, Delaware, it serves banks, e-money institutions, telecom operators and transportation operators worldwide, delivering electronic money, payment services and related IT solutions. Its platform covers mobile wallets, prepaid cards, bill payments, loyalty programs and payment gateway infrastructure, and it provides a fintech hub plus compliance tools such as AML, fraud management and authentication. It maintains memberships with BKM, Visa, Mastercard and PCI SSC, underscoring security and interoperability.

Neurone is a technology-focused investment holding company and venture capital firm that backs early and growth-stage technology companies globally, builds and incubates new technology ventures, and provides operational support to help portfolio companies scale. It operates across Europe with a footprint in Luxembourg, London, Milan and Nicosia, enabling close collaboration with entrepreneurs across markets. Founded in 2019, Neurone seeks to invest across sectors including B2C, healthcare, information technology, life sciences, SaaS, agriculture technology, climate technology, digital health, insurtech, robotics and drones, among others.

Paladin Capital Group is a global investor and venture capital firm focused on technologies, products, and services with dual-use applications for commercial and government markets. The firm combines financial expertise with deep domain knowledge to actively support growth-stage and technology-focused companies, offering strategic guidance, access to customers and markets, non-dilutive financing, and talent recruitment. Its investment focus includes cybersecurity, secure AI, deep tech, and digital infrastructure resilience, with a track record of deploying substantial capital across dozens of investments since its inception. Headquartered in Washington, D.C., Paladin maintains offices in New York, Silicon Valley, London, and Luxembourg, reflecting its international reach. The firm emphasizes leveraging industry networks and partnerships to accelerate value creation and help portfolio companies navigate both commercial and government ecosystems.

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 global venture capital firm focused on funding early-stage AI-first companies from seed to Series B. It emphasizes an entrepreneur-led approach and relies on a team with experience from Fortune 500 firms, successful startups, universities, private equity, and ventures to help portfolio companies grow. The firm backs AI and machine learning ventures that apply algorithmic sciences to solve real business problems and operates across regions including the United States, Canada, Europe, Asia, and the Middle East, with offices in San Francisco, Paris, Luxembourg, and Singapore.

UNA TERRA is a venture capital firm focused on sustainable technology and the circular economy. Founded in 2021 and based in Zurich, it also has offices in Luxembourg and The Hague and operates globally. The firm invests in packaging, waste management, sustainable materials, biomaterials, apparel and textiles, food systems, and marine pollution control, aiming to scale circular economy solutions that regenerate biodiversity and address climate change. It seeks to deliver social and environmental impact alongside financial returns and engages with scale-ups and investors; it positions itself as an exclusive partner of Climate-KIC and aligns with European initiatives such as the European Green Deal, Horizon Europe, and Net Zero Cities.

Digital Space Ventures is a venture capital firm that backs seed and early-stage startups across fintech, data and AI, enterprise software, and decentralized technologies. Taking a founder-first approach, it provides capital and active partnership to help ambitious founders disrupt financial services and the broader enterprise technology landscape. The firm focuses on technology-driven companies at the intersection of payments, cybersecurity, machine learning, and fraud detection, typically supporting portfolio growth with strategic guidance and a wide professional network. It operates from Europe, with roots in Luxembourg and bases in the United Kingdom, reflecting its cross-border activity since its founding in the mid-2010s. Typical investments are in early equity rounds, enabling founders to build the next generation of financial and data-driven infrastructure.

b-to-v Partners AG is a private equity and venture capital firm that focuses on direct and fund of funds investments, primarily in the Fintech sector. The firm engages in various stages of investment, including start-up and seed phases, early stage, emerging growth, and buyouts. It emphasizes innovation and typically invests in small and medium-sized technology companies, renewable energy, clean technologies, digital technology, and life sciences. b-to-v Partners targets both B2C and B2B businesses across sectors such as commerce, SaaS, logistics, digital health, and software, as well as deep tech areas like industrial AI and cybersecurity. The firm primarily operates in Europe, concentrating on Germany, Austria, and Switzerland, but may invest outside of Europe selectively. Initial investments generally range from €0.25 million to €10 million, while growth investments can reach between €4 million and €28.6 million. Founded in June 2000, b-to-v Partners is headquartered in St. Gallen, Switzerland, with additional offices in Berlin, Munich, and Munsbach.

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.

Ben Oldman is a European alternative investment manager founded in 2013, specializing in Special Situations and Asset-Backed Lending with a focus on opportunistic, proprietary off-market deals in the European mid-market. The firm manages over €1 billion in assets and operates from offices in Luxembourg, Madrid, London, Paris, and Milan. Its activities include primary lending, secondary trading, and related financing solutions such as bridge financing and corporate special situations, with a track record spanning more than 12 years and delivering double-digit returns. The firm emphasizes local relationships to source unique opportunities and serves sectors including real estate, infrastructure, and green energy.

Satgana is a venture capital firm focused on climate and Earth tech. Headquartered in Luxembourg with an investment scope across Europe and Africa, it backs technology companies in mobility, energy, food and agriculture, industry and buildings, carbon removal, and circular economy. The firm supports portfolio companies with strategic and operational help, including impact management, technology, and recruitment, aiming to accelerate the development of solutions that contribute to a sustainable, fair, and regenerative future.

Dubai-based investment management firm established in 2018, headquartered in the Dubai International Financial Centre, Aditum Investment Management offers conventional and Sharia-compliant investment solutions for institutions, wealth managers, family offices, and savings platforms. It emphasizes actively managed strategies, including proprietary funds and third-party portfolios, with in-house and externally managed approaches and global access through hubs such as the DIFC, KAFD in Riyadh, Luxembourg, and the Cayman Islands. The firm focuses on long-term growth, risk management, and regulatory compliance, and operates under the oversight of the Dubai Financial Services Authority with an Islamic Endorsement, underscoring its commitment to Sharia-compliant investing.

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.

FORM Life Ventures is a venture capital firm founded in 2022 and based in Luxembourg. It concentrates its investments in technology and healthcare companies with the aim of shifting from traditional sick care to modern healthcare. The firm supports ventures that seek to extend healthy lifespans and improve overall well-being, focusing on solutions that keep people and their environment healthy.

NMT Capital is a global private equity firm based in Norwell, Massachusetts, with additional offices in Quincy, San Francisco, London, Munich, Geneva, and Tokyo. Formerly known as Nexus Medical Partners, the firm focuses on investments across North America and Europe in medical technology, medical devices, diagnostics, biotechnology, specialty pharmaceuticals, drug discovery tools, as well as software, information technology, and advanced materials, spanning early to late stages. NMT Capital also provides advisory services to global investment banks, assisting them in sourcing and evaluating private medical companies for acquisition, strategic partnerships, or growth capital. The principals bring extensive investment management and advisory experience, averaging over 20 years, and maintain a network of affiliated professionals to support cross-border transactions.

Cogito Capital Partners is a venture and growth capital firm founded in 2018, headquartered in Warsaw with additional offices in Luxembourg, New York and Berlin. It concentrates on late- and growth-stage B2B technology companies, investing primarily in Series B and C rounds and taking minority stakes. Its sector focus includes enterprise software, fintech and insurtech, as well as medtech diagnostics, telemedicine, IoT, healthtech and mobility. The firm operates across Europe and the United States, seeking opportunities with global expansion potential and leveraging a cross-border network to support portfolio companies.

Kouros Investment is an impact-focused industrial investment firm based in Luxembourg, established in 2016. It concentrates on investing in infrastructure, hydrogen, transport, and energy production sectors to support the energy transition. The firm combines investments in established companies with entrepreneurial ventures and employs a multidisciplinary team with expertise in electricity, natural gas, LNG, and hydrogen to accelerate the shift from fossil fuels to renewables. It provides financial support and strategic guidance across renewable energy production, infrastructure, and related technologies.

OTB Ventures is a European deep-tech venture capital firm established in 2017 and headquartered in Amsterdam, with offices in Warsaw and Luxembourg. It backs early-growth and late-seed to Series A/B startups across Europe, focusing on SpaceTech, AI and Automation, FinTech and Cybersecurity. The firm emphasizes access to Central and Eastern European deal flow and provides strategic mentorship and networks to help portfolio companies scale internationally. OTB Ventures operates multiple investment vehicles and supports portfolio companies through hands-on guidance in technology, business development, and market expansion, aiming to turn technically advanced startups into global leaders.

Greenbridge is a long-term investment firm based in Luxembourg that identifies technology-driven trends and leaders expected to drive the next industrial revolution. It backs generationally disruptive companies and actively supports them through a disciplined investment philosophy, investing across sectors such as logistics, data, energy and advanced manufacturing to foster innovation and efficiency.

Beluga is a Belgian private equity and venture capital firm founded in 1998 and based in Belgium. It focuses on acquiring and actively managing a diversified portfolio, with investments across mid- to late-stage venture, growth capital and buyouts, typically taking minority positions. The firm primarily targets Belgian companies, with a regional emphasis on Flanders, and has historically pursued opportunities in healthcare, B2B, B2C, energy and financial services within the Belgium-Luxembourg-Netherlands area. Capital is raised through public markets, and typical deal sizes range from €0.25 million to €2.5 million, with enterprise values up to €250 million. Some public reports indicate the entity is undergoing liquidation.

Promus Ventures is a Chicago-based venture capital firm focused on backing early-stage deep-tech startups in software and hardware. It supports analytics, data-driven products, mobile and connected web solutions, and other advanced technologies, providing capital and strategic guidance to portfolio companies globally. The firm maintains offices in Chicago, San Francisco and Luxembourg and seeks opportunities across the United States, Europe, and beyond, including sectors such as robotics, aerospace, space exploration, industrial automation, healthcare and wellness, and other hardware-enabled innovations. Promus emphasizes helping founders scale ambitious, physically embodied AI and other transformative technologies from seed to Series A.

Oshen is a Switzerland-based investment company focused on biotech and medtech life sciences to improve quality of life, including age-related health outcomes. The firm backs science- and technology-driven ventures across development stages, prioritizing IP-rich technologies with patent protection. It collaborates with scientific institutions and ambitious management teams to enhance strategic value and market access for portfolio companies. Operating also in Luxembourg, Oshen seeks partnerships with inventors and researchers developing disruptive healthcare technologies. The team comprises professionals from science, technology, finance and business, united by a vision to accelerate innovation in health and ageing and to drive long-term value through ongoing collaborations.

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 invests in high-growth technology companies with global expansion potential. It targets European entrepreneurs who scale from day one, backing ventures with scalable business models and strong demand across international markets. The firm supports investments across sectors including smart cities, internet, mobile, education, finance, communication, healthcare, and related technology domains, focusing on companies with working products and early revenues. By leveraging a broad international network, Digital Leaders Ventures provides strategic guidance and access to resources to aid international growth, while pursuing efficient, transparent, and loyal collaboration with founders and partners.

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.

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.

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.

Capital-E is a venture capital firm based in Antwerp, Belgium, specializing in early-stage investments in electronics, nanotechnology, semiconductors, advanced materials, and related technologies. The firm focuses on Western Europe, with a particular emphasis on the Benelux, the Netherlands, and Luxembourg, and supports companies across consumer electronics, communications, processing, metrology, and related sectors. Capital-E maintains close collaboration with research centers such as IMEC, enabling access to a large pool of scientists and engineers to de-risk and accelerate product development. It typically provides seed and early-stage capital, often taking an active board role and leading rounds, with co-investment in subsequent rounds. Ticket sizes range from roughly €0.25 million to €1 million initially, scaling to higher amounts per company over multiple rounds. Capital-E emphasizes working with entrepreneurs to build defensible technology companies in Europe, leveraging its network of industry partners and research institutions to promote adoption and growth.

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.