Luxembourg's first cheques come from angels, not funds. LBAN and ex-Skype founders back early here. A new 2026 tax credit sweetens the deal. Here are 11 angel investors funding Luxembourg founders in 2026.
Most Luxembourg founders raise from angels before a fund. They write the first cheque, often before any revenue.
LBAN pools many local angels into one early round. Mangrove and Expon founders also angel on the side.
You will pitch ten or more angels before one says yes. Ellty keeps your deck behind one link you can track.
Most want a quick data room before they will commit. Build it once in Ellty and reuse it for every angel.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| LBAN (Luxembourg Business Angel Network) | Angel network | EUR 150K-300K/round | Sector-agnostic, B2B software | lban.lu |
| LBAN Space Angel Group | Angel syndicate | Rounds EUR 200K-2M | Space tech, NewSpace | lban.lu |
| Michel Rzonzef | Individual angel (LBAN President) | EUR 25K-50K | B2B tech, deep tech, space | lban.lu |
| Larissa Best | Individual angel | EUR 10K-50K | Fintech, healthtech, SaaS | lban.lu |
| Marc Molitor | Individual angel (Doctena co-founder) | EUR 10K-50K | ICT, digital health | doctena.com |
| Fabrice Testa | Individual angel (space) | EUR 10K-50K | Space tech, deep tech | lban.lu |
| Hans-Jurgen Schmitz | Individual angel (Mangrove co-founder) | EUR 25K-100K+ | Consumer internet, SaaS | mangrove.vc |
| Jerome Wittamer | Individual angel (Expon founder) | Angel cheques | AI, big data, NewSpace | exponcapital.com |
| Fit 4 Start (Luxinnovation) | Accelerator (angel-adjacent) | EUR 50K grant + aid | Digital, healthtech, space | luxinnovation.lu |
| Luxembourg-City Incubator | Incubator / angel deal-flow | Rounds EUR 150K-300K+ | Urban tech, real estate, commerce | cityincubator.lu |
| BusinessMentoring | Mentor network (angel mentors) | EUR 10K-50K | ICT, fintech, energy | businessmentoring.lu |
Open one data room for every angel
Ellty shows which angel opened your deck and read it through.
Start free 14-day trialWhat Luxembourg angels back
A Luxembourg angel backs the founder, then the idea. They bet on conviction, grit and a clear EU market.
Most write small and decide fast, often in one call. They rarely lead, but they unlock your first round.
Public grants usually come first, then angel money. Angels add traction, intros and some real governance.
See our Luxembourg fintech investors list for funds. Ellty shows which angel opened your deck and where they stopped.
The role of the business angel is to help a company confirm product-market fit and create traction. We open doors, we mentor, and we bring governance so it is ready for the next round.
11 Luxembourg angel investors
1. LBAN (Luxembourg Business Angel Network)
Luxembourg's main angel network, 170+ members strong.
Recent Activity: 170+ members with EUR 57M+ invested since 2016
LinkedIn: LBAN on LinkedIn
Sector Focus: Sector-agnostic, B2B software
Stage Focus: Seed (syndicated)
Check Size: EUR 150K-300K/round
Location: Luxembourg City
Website: lban.lu
2. LBAN Space Angel Group
An LBAN syndicate backing Luxembourg NewSpace bets.
Recent Activity: Co-runs space deals with the Space Agency
LinkedIn: LBAN on LinkedIn
Sector Focus: Space tech, NewSpace
Stage Focus: Seed, Series A (space)
Check Size: Rounds EUR 200K-2M
Location: Luxembourg City
Website: lban.lu
3. Michel Rzonzef
LBAN's president and a busy deep-tech angel investor.
Recent Activity: Leads LBAN and backs B2B and deep tech
LinkedIn: LBAN on LinkedIn
Sector Focus: B2B tech, deep tech, space
Stage Focus: Seed (angel)
Check Size: EUR 25K-50K
Location: Luxembourg City
Website: lban.lu
4. Larissa Best
A veteran Luxembourg angel and impact-focused backer.
Recent Activity: Past LBAN president and an EBAN board member
LinkedIn: LBAN on LinkedIn
Sector Focus: Fintech, healthtech, SaaS
Stage Focus: Seed (angel)
Check Size: EUR 10K-50K
Location: Luxembourg City
Website: lban.lu
5. Marc Molitor
A Doctena co-founder who angels in digital health.
Recent Activity: Co-founded Doctena, now backs digital health
LinkedIn: Marc Molitor on LinkedIn
Sector Focus: ICT, digital health
Stage Focus: Seed (angel)
Check Size: EUR 10K-50K
Location: Luxembourg City
Website: doctena.com
6. Fabrice Testa
A serial founder and active Luxembourg space angel.
Recent Activity: Co-chairs the LBAN Space Angel Group
LinkedIn: LBAN on LinkedIn
Sector Focus: Space tech, deep tech
Stage Focus: Seed (angel)
Check Size: EUR 10K-50K
Location: Luxembourg City
Website: lban.lu
See which angel reads it all
Ellty logs every open and page. Follow up with the keen ones.
Start free 14-day trial7. Hans-Jurgen Schmitz
A Mangrove co-founder and very early Skype backer.
Recent Activity: Co-founded Mangrove, an early Skype investor
LinkedIn: Mangrove on LinkedIn
Sector Focus: Consumer internet, SaaS
Stage Focus: Seed, angel
Check Size: EUR 25K-100K+
Location: Luxembourg City
Website: mangrove.vc
8. Jerome Wittamer
Expon Capital's founder and a busy tech angel too.
Recent Activity: Founded Expon and backs AI and NewSpace
LinkedIn: Expon Capital on LinkedIn
Sector Focus: AI, big data, NewSpace
Stage Focus: Seed, angel
Check Size: Angel cheques
Location: Luxembourg City
Website: exponcapital.com
9. Fit 4 Start (Luxinnovation)
Luxinnovation's accelerator handing out grant cheques.
Recent Activity: Gives EUR 50k grants plus follow-on aid
LinkedIn: Luxinnovation on LinkedIn
Sector Focus: Digital, healthtech, space
Stage Focus: Pre-seed (grant)
Check Size: EUR 50K grant + aid
Location: Luxembourg City
Website: luxinnovation.lu
10. Luxembourg-City Incubator
A city incubator wired straight into angel deal-flow.
Recent Activity: Connects founders to LBAN angel pitches
LinkedIn: Luxembourg-City Incubator on LinkedIn
Sector Focus: Urban tech, real estate, commerce
Stage Focus: Pre-seed, seed
Check Size: Rounds EUR 150K-300K+
Location: Luxembourg City
Website: cityincubator.lu
11. BusinessMentoring
A mentor network whose mentors often write cheques.
Recent Activity: Pairs founders with mentor-investors
LinkedIn: BusinessMentoring on LinkedIn
Sector Focus: ICT, fintech, energy
Stage Focus: Idea, pre-seed
Check Size: EUR 10K-50K
Location: Luxembourg City
Website: businessmentoring.lu
How angels fill the funding gap
In Luxembourg, public money very often lands first. Grants and research fund much of the earliest work.
Angels arrive next to confirm your product-market fit. Their cheque buys traction, not just extra runway.
Bring a tight pitch deck to every meeting. Keep your metrics live so angels can check them fast.
Our due diligence questions list shows what they ask. Share answers from one tracked link, not email threads.
Use the 2026 angel tax credit
Luxembourg introduced an angel tax credit in 2026. It gives angels back 20% on bigger startup cheques.
That credit pulls more local money into startups. Expect more first-time angels around the table now.
Ellty is built for startups raising early. Send each angel a link and watch who actually opens it.
Track interest with document analytics. Follow up with the warmest angels first, not last.
From angel cheque to EU round
An angel cheque is the start, not the finish line. Keep your angels close, and many of them will follow on.
Public funds and VCs sit one warm intro away here. A happy angel is your fastest path to those funds.
Send short, honest updates to your angels monthly. Strong investor relations turn angels into champions.
Clear any diligence red flags early. Ready founders close their next EU round much faster.
How to pitch an angel investor
Lead with the problem you live and breathe daily.
- 1.Lead with the problem you live and breathe daily.Angels back the founder long before the metrics.
- 2.Show one sharp proof point, not a long forecast.A live pilot or waitlist beats a big spreadsheet.
- 3.Explain the wider EU market you can grow into.Luxembourg angels think cross-border from day one.
- 4.Name the cheque and what it will unlock next.Tie the raise to one clear, near-term goal.
- 5.Send one tracked Ellty link to your full deck.See which angel reads it all the way through.
How Ellty helps you land an angel investor in Luxembourg
Your Luxembourg angel list is ready to use. Open a simple data room before the first coffee.
- 1.Upload your deck, metrics and the cap table.Hold every angel file in one secure data room.
- 2.Give each angel their own private tracked link.Set exact view and download rights per person.
- 3.Watch each open and follow up at the right time.Chase the angels who finish the whole deck first.
Luxembourg angel investing questions
- LBAN leads the scene. Mangrove and Expon founders angel too.
- A 20% credit on startup investments of EUR 10k+. New in 2026.
- Apply to pitch on their site. Warm intros help a lot.
- Yes, LBAN runs a Space Angel Group. It backs NewSpace.
- Often EUR 150k to EUR 300k. Bigger space rounds happen too.
