Brouky Score · 2026

Top VC Firms in Luxembourg

The 21 highest-scoring venture funds headquartered in Luxembourg, ranked from 21 eligible firms on a 110-point composite of portfolio outcomes, deal volume, risk adjustment and cheque-size fit.

62
Median score / 110
across eligible firms
21
Eligible firms
5+ tracked investments
640
Tracked investments
in this market
21
Firms ranked
highest scoring
Sort by
1

Bootstrap Europe

Series BLuxembourg
Software & Developer ToolsArtificial Intelligence & DataCommerce & MarketingFinance & BlockchainHealthcare & Life SciencesIndustry & Hardware
fintechenterprisecare-coordinationhealthcaredevice monitoringsecurity training
92/ 110Grade A-

Investments

31

Exit Rate

3%

Alive

32

Portfolio Outcomes

32 Alive1 Acquired7 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
33 / 40
92 pts · Grade A-
2

European Circular Bioeconomy Fund

Series C+Luxembourg
Energy, Environment & MobilityIndustry & HardwareSoftware & Developer ToolsHealthcare & Life SciencesConsumer, Lifestyle & ServicesArtificial Intelligence & Data
iothardwareagricultureagritechr-dprecision-agriculture

European Circular Bioeconomy Fund invests in innovative companies transforming organic waste into valuable products, fostering circular economy and sustainability primarily in Europe. They focus on scalable bio-based solutions to reduce environmental impact and create economic value.

88/ 110Grade A-

Investments

32

Exit Rate

0%

Alive

30

Portfolio Outcomes

30 Alive2 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
30 / 40
88 pts · Grade A-
3

Prana Ventures SICAF

Series C+Luxembourg
Finance & BlockchainSoftware & Developer ToolsConsumer, Lifestyle & ServicesCommerce & MarketingotherHealthcare & Life Sciences
financial-servicesfintecheducation-technologyupskillingsmb-servicesai

Prana Ventures invests in innovative early-stage healthcare and biotech startups in Europe, focusing on transformational technologies that improve patient outcomes and healthcare delivery.

81/ 110Grade B

Investments

37

Exit Rate

4%

Alive

34

Portfolio Outcomes

34 Alive2 Acquired9 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
24 / 40
81 pts · Grade B
4

Planet First Partners

Series C+Luxembourg
Software & Developer ToolsIndustry & HardwareArtificial Intelligence & DataEnergy, Environment & MobilityotherHealthcare & Life Sciences
sustainabilityhardwarereal-estatequantum-computingleadership-advisoryprivate-equity

Planet First Partners invests in growth-stage companies with proven products and services that contribute to sustainable economy transition, focusing on farm-to-fork, industry 4.0, energy transition, and green cities.

80/ 110Grade B

Investments

33

Exit Rate

0%

Alive

25

Portfolio Outcomes

25 Alive6 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
22 / 40
80 pts · Grade B
5

previous investors Mangrove Capital Partners

Series C+Luxembourg
Software & Developer ToolsConsumer, Lifestyle & ServicesFinance & BlockchainCommerce & MarketingotherIndustry & Hardware
artificial-intelligenceaianalyticsfintechdatainvoicing

Mangrove Capital Partners focuses on early-stage technology startups, particularly in Europe, investing in disruptive software and internet companies that have the potential to scale globally.

75/ 110Grade B-

Investments

47

Exit Rate

2%

Alive

35

Portfolio Outcomes

35 Alive1 Acquired1 Dead9 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
18 / 40
75 pts · Grade B-
6

Vesna Deep Tech VC

SeedLuxembourg
71/ 110Grade C

Investments

20

Exit Rate

0%

Alive

26

Portfolio Outcomes

26 Alive3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
6 / 30
Portfolio Outcomes
40 / 40
71 pts · Grade C
7

MiddleGame Ventures

Series ALuxembourg
Finance & BlockchainSoftware & Developer ToolsHealthcare & Life SciencesEnergy, Environment & Mobility
fintechfinancial-servicesdatablockchaincryptocryptocurrency

MiddleGame Ventures is an early-stage investor specializing in European FinTech, focusing on digital financial services and adjacent technologies such as AI, Cyber, DeepTech, and Quantum. They invest in and partner with European entrepreneurs driving the global economy toward a fully digital financial services future.

67/ 110Grade C-

Investments

22

Exit Rate

0%

Alive

21

Portfolio Outcomes

21 Alive1 Dead10 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
5 / 25
Deal Volume
30 / 30
Portfolio Outcomes
17 / 40
67 pts · Grade C-
8

BI Invest

Series BLuxembourg
Healthcare & Life SciencesIndustry & Hardware
biotechdrug-developmentimmunotherapyoncologycell therapybiotechnology
67/ 110Grade C-

Investments

62

Exit Rate

3%

Alive

35

Portfolio Outcomes

35 Alive2 Acquired29 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
10 / 40
67 pts · Grade C-
9

VNV Global

Series C+Luxembourg
Commerce & MarketingConsumer, Lifestyle & ServicesIndustry & HardwareHealthcare & Life SciencesSoftware & Developer ToolsEnergy, Environment & Mobility
mobile-appsustainabilityailogisticsaccommodationsales

VNV Global is an investment company with the mission to identify and invest in innovative and fast-growing technology companies, primarily in Europe. They focus on companies demonstrating strong growth potential and scalability.

67/ 110Grade C-

Investments

45

Exit Rate

0%

Alive

40

Portfolio Outcomes

40 Alive7 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
10 / 40
67 pts · Grade C-
10

Redline Capital

Series C+Luxembourg
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & Services
cybersecuritythreat-detectionapplication-securitycloud-securityenterpriseanalytics

Focuses on B2B software and developer tools companies, primarily in Cyprus, Israel, and the US. Their typical investment is at the Series B stage.

66/ 110Grade C-

Investments

8

Exit Rate

13%

Alive

3

Portfolio Outcomes

3 Alive1 Acquired4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
10 / 25
Deal Volume
14 / 30
Portfolio Outcomes
27 / 40
66 pts · Grade C-
11

Fabric VC

Series C+Luxembourg
Finance & BlockchainConsumer, Lifestyle & ServicesIndustry & HardwareSoftware & Developer ToolsotherCommerce & Marketing
blockchaincryptoweb3infrastructurehardwaredigital-assets

Fabric VC backs companies from inception in the Machine Economy, focusing on decentralization, developers, data, and software products, with investments spanning pre-seed to growth stages.

62/ 110Grade D+

Investments

71

Exit Rate

3%

Alive

43

Portfolio Outcomes

43 Alive2 Acquired26 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
2 / 25
Deal Volume
30 / 30
Portfolio Outcomes
15 / 40
62 pts · Grade D+
12

Tioga Capital Partners

Series ALuxembourg
62/ 110Grade D+

Investments

12

Exit Rate

—

Alive

—

Portfolio Outcomes

Not enough tracked outcomes yet

Score Breakdown

Size Fit
15 / 15
Venture Signals
9 / 25
Deal Volume
15 / 30
Portfolio Outcomes
23 / 40
62 pts · Grade D+
13

2be.lu Investments

Series ALuxembourg
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & Services
booking systemdynamic pricinghardware integrationreal-time analyticstour operator softwareai-analytics

2be.lu Investments focuses on early-stage startups primarily in fintech and digital sectors in Luxembourg and Europe, aiming to accelerate innovation with hands-on support and strategic guidance.

61/ 110Grade D+

Investments

11

Exit Rate

0%

Alive

11

Portfolio Outcomes

11 Alive

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
15 / 30
Portfolio Outcomes
15 / 40
61 pts · Grade D+
14

CVC Capital Partners

Series C+Luxembourg
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & ServicesHealthcare & Life SciencesIndustry & Hardwareother
cybersecurityanalyticshealthcarefinancial-servicesdataenterprise

Focuses on investments in software and developer tools companies. Primarily invests in Series B stage companies.

60/ 110Grade D+

Investments

81

Exit Rate

3%

Alive

64

Portfolio Outcomes

64 Alive2 Acquired1 Dead12 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
5 / 25
Deal Volume
30 / 30
Portfolio Outcomes
10 / 40
60 pts · Grade D+
15

Mangrove Capital Partners

Series C+Luxembourg
Software & Developer ToolsConsumer, Lifestyle & ServicesCommerce & MarketingFinance & BlockchainHealthcare & Life SciencesIndustry & Hardware
consumeranalyticsartificial-intelligencefinancial-servicesdataenterprise

Mangrove Capital Partners is a venture capital firm that invests in early-stage technology companies with global ambitions. They focus on disruptive technologies and innovative business models across various sectors.

56/ 110Grade D

Investments

36

Exit Rate

3%

Alive

24

Portfolio Outcomes

24 Alive1 Acquired5 Dead5 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
5 / 25
Deal Volume
30 / 30
Portfolio Outcomes
6 / 40
56 pts · Grade D
16

Droia Ventures

Series BLuxembourg
54/ 110Grade D-

Investments

5

Exit Rate

—

Alive

—

Portfolio Outcomes

Not enough tracked outcomes yet

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
12 / 30
Portfolio Outcomes
13 / 40
54 pts · Grade D-
17

Protein Capital

GrowthLuxembourg
51/ 110Grade D-

Investments

10

Exit Rate

0%

Alive

11

Portfolio Outcomes

11 Alive2 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
13 / 30
Portfolio Outcomes
9 / 40
51 pts · Grade D-
18

i&i Biotech Fund

Series ALuxembourg
47/ 110Grade E+

Investments

28

Exit Rate

—

Alive

—

Portfolio Outcomes

Not enough tracked outcomes yet

Score Breakdown

Size Fit
15 / 15
Venture Signals
16 / 25
Deal Volume
12 / 30
Portfolio Outcomes
4 / 40
47 pts · Grade E+
19

Boundary Holding

Series C+Luxembourg
Software & Developer ToolsEnergy, Environment & MobilityIndustry & HardwareHealthcare & Life Sciencesother
confidential-computingspace-cybersecuritytrusted-execution-environmentB2B marketingSEOPPC
43/ 110Grade E

Investments

28

Exit Rate

0%

Alive

24

Portfolio Outcomes

24 Alive10 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
11 / 30
Portfolio Outcomes
3 / 40
43 pts · Grade E
20

LetterOne

Series C+Luxembourg
41/ 110Grade E

Investments

11

Exit Rate

0%

Alive

11

Portfolio Outcomes

11 Alive3 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
11 / 25
Deal Volume
15 / 30
Portfolio Outcomes
0 / 40
41 pts · Grade E
21

EQT X USD SCSp

Series C+Luxembourg
35/ 110Grade F+

Investments

10

Exit Rate

0%

Alive

9

Portfolio Outcomes

9 Alive4 Unknown

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
8 / 30
Portfolio Outcomes
0 / 40
35 pts · Grade F+

Methodology

What the score measures, who is eligible, and what it deliberately excludes.

How is the Brouky score for Luxembourg calculated?
Each firm is scored out of 110 points across four measured components: portfolio outcomes (40), deal volume (30), risk adjustment (25) and cheque-size fit (15). The score is computed from tracked investments and portfolio company status. It is not editorial and firms cannot influence it.
Which firms are eligible for the Luxembourg ranking?
Venture and corporate venture funds headquartered in Luxembourg with at least 5 tracked investments. 21 firms qualify; the top 21 are listed. Angel investors, family offices, banks, accelerators and government vehicles are excluded because they are scored on a different basis and are not comparable.
How often is the ranking updated?
Scores are recomputed as new investments and portfolio outcomes are recorded, and this page refreshes daily.
My fund's data looks wrong. Can it be corrected?
Yes. Claim the fund's profile on Brouky to review the underlying investments and portfolio records, and the score updates from the corrected data.

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