Luxembourg startup funding
European tech funding profile
102 startups in Luxembourg have closed 133 funding rounds and raised €1.0B in equity funding (excluding debt and grants) and recorded 21 exits. Debt rounds added €302M. Software is the most active sector, and Expon Capital is the most active investor. Data as of 4 Nov 2026.
#29 in Europe by equity raised — 0.2% of all European startup equity funding.
Equity funding
€1.0B
excl. debt & grants · +€302M debt
Funding rounds
133
Companies
102
Named investors
190
Exits
21
Funding over time
2010–2026 · 2026 YTD — equity € raised vs roundsLuxembourg — funding over time — interactive chart.
Data table
| Equity | Rounds | |
|---|---|---|
| 2010 | €16M | 3 |
| 2011 | €134k | 1 |
| 2012 | €150k | 1 |
| 2013 | €220k | 2 |
| 2014 | €26M | 3 |
| 2015 | €21M | 6 |
| 2016 | €48M | 11 |
| 2017 | €82M | 7 |
| 2018 | €32M | 8 |
| 2019 | €65M | 7 |
| 2020 | €36M | 12 |
| 2021 | €264M | 21 |
| 2022 | €74M | 10 |
| 2023 | €119M | 13 |
| 2024 | €95M | 9 |
| 2025 | €39M | 7 |
| 2026 | €87M | 8 |
Funding by year:2021
Top performing sectors
by € raised| Telecom | €333M | |
| Software | €262M | |
| Fintech | €184M | |
| E-commerce | €175M | |
| Cloud | €93M | |
| HRtech | €75M |
Fastest growing sectors
2025 vs 2024 by € raised| Fintech | ▼ -76.9% |
| Healthtech | ▼ -78.3% |
Top sectors
by deal countLuxembourg — top sectors — interactive chart.
Data table
| Luxembourg — top sectors | |
|---|---|
| Software | 37 |
| Fintech | 36 |
| Healthtech | 9 |
| Transportation | 7 |
| Telecom | 6 |
| Media | 6 |
| Cloud | 6 |
| HRtech | 6 |
| Marketing | 6 |
| E-commerce | 5 |
Stage mix
by € raisedLuxembourg — stage mix — interactive chart.
Data table
| Luxembourg — stage mix | |
|---|---|
| Other | €434M |
| Debt | €302M |
| Series A | €224M |
| Series B | €187M |
| Series C | €56M |
| Seed | €47M |
| Crowdfunding | €34M |
| Early VC | €19M |
| Growth/Late | €18M |
| Pre-Seed | €3.3M |
| Grant | €1.1M |
Top deals
largest disclosed rounds| Company | Stage | Date | Amount |
|---|---|---|---|
| SES | Debt | Jan 2023 | €300M |
| factory14 | Other | May 2021 | €164M |
| Etix Everywhere | Series C | Apr 2019 | €56M |
| Gcore | Series A | Jul 2024 | €55M |
| Hydrosat | Series B | Jan 2026 | €51M |
| Alter Domus | Other | Nov 2021 | €50M |
| Blockchain | Other | Jun 2017 | €36M |
| SustainCERT | Series B | Jun 2023 | €35M |
| Job Today | Crowdfunding | Mar 2017 | €32M |
| Salonkee | Series B | Jun 2023 | €28M |
Top investors
named, by deal count| Expon Capital | 11 |
| Fortino Capital | 3 |
| Mangrove Capital Partners | 3 |
| LBAN | 3 |
| Seeder Fund | 3 |
| Middlegame Ventures | 3 |
| Volta Ventures | 3 |
| Microsoft Climate Innovation Fund | 3 |
| Channel 4 | 2 |
| ScaleFund | 2 |
Top cities
by € raised| Luxembourg | €1.0B | 79 | |
| Esch-sur-Alzette | €45M | 11 | |
| Bertrange | €30M | 5 | |
| Lëtzebuerg | €21M | 4 | |
| Capellen | €18M | 2 | |
| Zug | €14M | 2 | |
| Luxembourg City | €14M | 4 | |
| Wasserbillig | €4.3M | 1 |