Luxembourg seeds startups with public and private money. Expon and MiddleGame lead early rounds. SNCI and Fit 4 Start add grants on top. Here are 12 seed investors funding Luxembourg founders in 2026.
Seed is where Luxembourg founders really start to scale. You raise it once you have a product and real traction.
Local VCs lead, but public funds sit right beside them. That mix makes seed rounds here unusually well-funded.
You will run this round across ten or more backers. Ellty keeps your seed deck behind one link you can track.
Most want a full data room before the second call. Build it once in Ellty and reuse it for every fund.
| Type | Check size | Sector focus | Website | |
|---|---|---|---|---|
| Expon Capital (Digital Tech Fund) | Seed VC | EUR 200K-800K | Digital, ICT seed | exponcapital.com |
| MiddleGame Ventures | Seed / Series A VC | EUR 1M-8M | Fintech, banking, insurtech | middlegame.vc |
| Mangrove Capital Partners | Early-stage VC | EUR 1M-10M | Consumer, enterprise, fintech | mangrove.vc |
| Tioga Capital Partners | Pre-seed / Series A VC | EUR 500K-5M | Blockchain, DeFi, fintech | tioga.io |
| Luxembourg Future Fund 2 (LFF 2) | Public fund (SNCI + EIF) | LP commitments | Fintech, cyber, deeptech | eif.org |
| SNCI | Public seed fund | EUR 200K-fund scale | Strategic, deeptech | snci.lu |
| Luxinnovation (Fit 4 Start) | Accelerator (grant) | Up to EUR 150K grant | Digital, healthtech, space | luxinnovation.lu |
| LBAN (Luxembourg Business Angel Network) | Angel / seed network | EUR 150K-300K/round | Sector-agnostic | lban.lu |
| Paladin Capital Group | VC (cyber) | Multi-stage | Cybersecurity, fintech | paladincapgroup.com |
| Encevo Ventures | Corporate VC | Six-figure to Series A | Energy tech, digital | encevo.eu |
| BIP Capital Partners | VC / PE | EUR 1M-10M | Software, tech, services | bip.lu |
| Saphir Capital Partners | VC / PE | EUR 1M-10M | Early-growth businesses | saphircapitalpartners.com |
Open your seed data room in minutes
Ellty shows which fund opened your deck and read it through.
Start free 14-day trialWhat a Luxembourg seed fund backs
A Luxembourg seed fund backs a product users want. They want hard proof, not a deck full of promises.
Most look for early revenue or strong, sticky usage. They check your team, your market and your burn rate.
They want a plan that reaches across the EU quickly. A purely local story rarely wins a full seed round.
See our Luxembourg angel investors list for earlier cheques. Ellty shows which fund opened your deck and where they stopped.
Our objective is clear: we want to support our startups and scaleups at every stage, while strengthening Luxembourg's appeal for international talent and investors.
12 Luxembourg seed investors
1. Expon Capital (Digital Tech Fund)
Runs Luxembourg's flagship Digital Tech seed fund.
Recent Activity: Launched a third Digital Tech Fund in 2025
LinkedIn: Expon Capital on LinkedIn
Sector Focus: Digital, ICT seed
Stage Focus: Seed
Check Size: EUR 200K-800K
Location: Luxembourg City
Website: exponcapital.com
2. MiddleGame Ventures
A Luxembourg fund built around fintech seed deals.
Recent Activity: LFF 2 backed its third fintech fund in 2025
LinkedIn: MiddleGame Ventures on LinkedIn
Sector Focus: Fintech, banking, insurtech
Stage Focus: Post-seed, Series A
Check Size: EUR 1M-8M
Location: Luxembourg City
Website: middlegame.vc
3. Mangrove Capital Partners
Luxembourg's famous VC and a very early Skype investor.
Recent Activity: Runs a EUR 200M fifth fund across 100+ companies
LinkedIn: Mangrove Capital on LinkedIn
Sector Focus: Consumer, enterprise, fintech
Stage Focus: Early to growth
Check Size: EUR 1M-10M
Location: Luxembourg City
Website: mangrove.vc
4. Tioga Capital Partners
A Luxembourg seed VC focused on blockchain startups.
Recent Activity: First blockchain fund backed by a sovereign fund
LinkedIn: Tioga Capital on LinkedIn
Sector Focus: Blockchain, DeFi, fintech
Stage Focus: Pre-seed, Series A
Check Size: EUR 500K-5M
Location: Luxembourg City
Website: tioga.io
5. Luxembourg Future Fund 2 (LFF 2)
The public fund seeding Luxembourg's own VC funds.
Recent Activity: A EUR 200M SNCI and EIF programme for VCs
LinkedIn: EIF on LinkedIn
Sector Focus: Fintech, cyber, deeptech
Stage Focus: Fund commitments
Check Size: LP commitments
Location: Luxembourg City
Website: eif.org
6. SNCI
The state investor running the Seed to Scale plan.
Recent Activity: Pledged EUR 300M over five years from 2025
LinkedIn: SNCI on LinkedIn
Sector Focus: Strategic, deeptech
Stage Focus: Seed to scale
Check Size: EUR 200K-fund scale
Location: Luxembourg City
Website: snci.lu
Spot the funds reading your deck
Ellty logs every open and page. Chase the keen funds first.
Start free 14-day trial7. Luxinnovation (Fit 4 Start)
Luxinnovation's accelerator with equity-free seed cash.
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: Up to EUR 150K grant
Location: Luxembourg City
Website: luxinnovation.lu
8. LBAN (Luxembourg Business Angel Network)
Luxembourg's angel network that seeds early rounds.
Recent Activity: 170+ members with EUR 57M+ invested to date
LinkedIn: LBAN on LinkedIn
Sector Focus: Sector-agnostic
Stage Focus: Seed (syndicated)
Check Size: EUR 150K-300K/round
Location: Luxembourg City
Website: lban.lu
9. Paladin Capital Group
A cyber VC seeding security and fintech startups here.
Recent Activity: Closed a $372M Cyber Fund II for the sector
LinkedIn: Paladin Capital on LinkedIn
Sector Focus: Cybersecurity, fintech
Stage Focus: Multi-stage
Check Size: Multi-stage
Location: Luxembourg and Washington
Website: paladincapgroup.com
10. Encevo Ventures
An energy group's VC co-investing at seed and Series A.
Recent Activity: Backed energy-data startup Renewabl
LinkedIn: Encevo on LinkedIn
Sector Focus: Energy tech, digital
Stage Focus: Seed, Series A
Check Size: Six-figure to Series A
Location: Luxembourg (Esch)
Website: encevo.eu
11. BIP Capital Partners
A Luxembourg VC and PE house backing tech firms early.
Recent Activity: Closed BIP IV SCSp in April 2025
LinkedIn: BIP Investment Partners on LinkedIn
Sector Focus: Software, tech, services
Stage Focus: Seed, growth
Check Size: EUR 1M-10M
Location: Luxembourg City
Website: bip.lu
12. Saphir Capital Partners
A Luxembourg investor backing early and growth firms.
Recent Activity: Runs a Special Opportunities growth fund
LinkedIn: Saphir Capital on LinkedIn
Sector Focus: Early-growth businesses
Stage Focus: Early-growth
Check Size: EUR 1M-10M
Location: Luxembourg City
Website: saphircapitalpartners.com
Stack public and private money
Luxembourg lets you mix grants, public funds and VC. Few other places make that funding stack so easy.
Start with a Fit 4 Start grant, then add VC money. SNCI and the Future Fund back those very funds too.
Keep every backer in one virtual data room. Show grants and term sheets behind a single link.
Read our due diligence process guide early. Ready numbers win trust and speed up the whole round.
What a Luxembourg seed round looks like
Most Luxembourg seeds land between EUR 500k and EUR 3 million. Public money can push that figure even higher here.
One lead VC usually sets the round price and terms. Public funds and local angels then fill the round.
Keep backers posted with investor updates. Track who reads each update and then follow up fast.
Run approvals in board software from day one. A clean process makes your lead commit much faster.
Show traction that scales abroad
Luxembourg is small, so seed funds want EU ambition. Show exactly how you grow past the border quickly.
Pilots in France or Germany prove that ambition early. One cross-border client beats ten purely local ones.
Share your traction data from one tracked, live link. Use a pitch deck tool to see who reads it.
Prep with our investor diligence checklist. Ready founders close their seed round much faster.
How to pitch a seed investor
Open with the traction you already have today.
- 1.Open with the traction you already have today.Lead with real numbers, not just a grand vision.
- 2.Show a market that reaches well beyond Luxembourg.Seed funds want a clear path to EU-wide scale.
- 3.Name the round size and your full runway plan.Tie every euro to one clear, near-term milestone.
- 4.Prove your team can build, ship and sell fast.Founders win seed rounds more than ideas do.
- 5.Send one tracked Ellty link to your data room.See which fund reads it all the way through.
How Ellty helps you land a seed investor in Luxembourg
Your Luxembourg seed list is ready to use. Open a clean data room before the first fund call.
- 1.Upload your deck, financial model and metrics.Keep every seed file in one secure data room.
- 2.Send each fund their own private tracked link.Set precise view and download rights per fund.
- 3.Watch every open and follow up at the right time.Chase the funds that finish the whole deck first.
Luxembourg seed funding questions
- VCs like Expon and MiddleGame. Plus public funds.
- Often EUR 500k to EUR 3m. Public money can add more.
- Yes, SNCI and the Future Fund do. So does Fit 4 Start.
- Traction and a clear EU plan. Local-only rarely wins.
- Yes, founders here often do. It stretches your runway.
