In recent years, Luxembourg has become a hub for startups and innovative companies, attracting foreign investment and supporting the growth of the local ecosystem.
The country has seen a significant increase in the amount of investment in startups, with various funds and accelerators contributing to this growth.
In 2021, the total investment in startups in Luxembourg reached around €200 million, showing the positive trajectory of the ecosystem.
Popular industries:
The most popular industries for startups in Luxembourg are fintech, healthtech, and e-commerce.
The country has a well-developed financial sector, which has driven the growth of fintech startups, while healthtech and e-commerce have also seen significant investment in recent years.
Active investors:
Some of the most active investors in the Luxembourg startup ecosystem include KPS, IMS Health, and Creandum.
There are also various funds and accelerators that support the growth of startups in the country, such as Digital Luxembourg, Finexkap, and ING Ventures.
Popular startups:
1. Bondora: a leading European peer-to-peer lending platform.
2. Blackfin Tech: a fintech company that provides digital financial services to businesses and individuals.
3. HealthPlus: a healthtech company that offers a platform for telemedicine services and online consultations.
4. Payfit: a cloud-based HR and payroll management platform for small and medium-sized businesses.
5. Simply Feel: an e-commerce company that sells high-quality home and personal care products.
Government initiatives:
The Luxembourg government has implemented various initiatives to support the growth of startups and attract foreign investment, such as tax incentives, grants, and access to funding and mentorship programs.
The government has also created a favorable regulatory environment for startups and innovative companies, making it easier for them to launch and grow in the country.
Luxembourg is a member of the European Startup Nation, a network of European countries that aims to support the growth of startups and promote cross-border collaboration and investment.