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.

81
Median score / 110
across eligible firms
21
Eligible firms
5+ tracked investments
942
Tracked investments
in this market
21
Firms ranked
highest scoring
Sort by
1

Protein Capital

Series ALuxembourg
Finance & BlockchainSoftware & Developer ToolsConsumer, Lifestyle & ServicesIndustry & HardwareArtificial Intelligence & Data+2 more
fintechcryptocryptocurrencydigital-assetswalletweb3+3 more

Protein Capital is an asset manager specialized in digital assets since 2018. They invest in promising blockchain, Web3 and AI companies building products and services that power the Internet of Value. They invest in liquid digital assets with sound fundamentals and demand for their utility, fund innovative protocols through venture capital token funds, and partner with companies shaping the digital transformation of Web3 through venture capital equity.

98/ 110Grade A

Investments

17

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
13 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
2

Planet First Partners

Series C+Luxembourg
Software & Developer ToolsIndustry & HardwareEnergy, Environment & MobilityArtificial Intelligence & DataConsumer, Lifestyle & ServicesCommerce & Marketing+3 more
sustainabilityenterprise-softwareclimate-changequantum-computingreal-estatedeveloper-tools+3 more

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.

96/ 110Grade A

Investments

36

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
30 / 30
Portfolio Outcomes
36 / 40
3
Energy, Environment & MobilityIndustry & HardwareSoftware & Developer ToolsConsumer, Lifestyle & ServicesHealthcare & Life SciencesCommerce & Marketing+3 more
sustainabilityr-diotagritechplant-basedhardware+3 more

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.

95/ 110Grade A

Investments

67

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
38 / 40
4
Software & Developer ToolsConsumer, Lifestyle & ServicesCommerce & MarketingFinance & BlockchainIndustry & HardwareHealthcare & Life Sciences+3 more
aianalyticsautomationdataartificial-intelligencecybersecurity+3 more

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.

93/ 110Grade A-

Investments

45

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
34 / 40
5

Redline Capital

Series C+Luxembourg
Software & Developer ToolsConsumer, Lifestyle & ServicesFinance & Blockchain
cybersecuritythreat-detectionanalyticsdatamachine-learningapplication-security+3 more

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

91/ 110Grade A-

Investments

15

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
12 / 15
Venture Signals
9 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
6

Expon Capital

SeedLuxembourg
Software & Developer ToolsFinance & BlockchainHealthcare & Life SciencesArtificial Intelligence & DataCommerce & MarketingEnergy, Environment & Mobility+3 more
aifintechworkflow-automationcybersecuritybookingcryptocurrency+3 more

Focuses on early-stage B2B software and developer tools companies. Primarily invests in companies based in France.

88/ 110Grade A-

Investments

62

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
3 / 25
Deal Volume
30 / 30
Portfolio Outcomes
40 / 40
7

Prana Ventures SICAF

Series ALuxembourg
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & ServicesCommerce & MarketingHealthcare & Life SciencesArtificial Intelligence & Data+3 more
fintechfinancial-servicese-commerceaiindiaconsumer-tech+3 more

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

87/ 110Grade A-

Investments

47

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
28 / 40
8

European Investment Fund

Series C+Luxembourg
Software & Developer ToolsIndustry & HardwareFinance & BlockchainHealthcare & Life SciencesConsumer, Lifestyle & ServicesEnergy, Environment & Mobility+3 more
fintechsustainabilityfinancial-servicesaifinancerenewable-energy+3 more

Invests in early-stage companies, primarily seed stage. Focuses on software and developer tools companies based in India and the Netherlands, and also considers investments in energy, environment and mobility sectors.

85/ 110Grade A-

Investments

44

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
28 / 40
9

Bootstrap Europe

Series C+Luxembourg
Software & Developer ToolsHealthcare & Life SciencesIndustry & HardwareCommerce & MarketingFinance & BlockchainConsumer, Lifestyle & Services+3 more
fintechhealthcareautomationaipersonalizationdigital-platform+3 more

Bootstrap Europe invests in growth debt for technology businesses across the UK, Germany, France and the Nordics, supporting sectors including green energy, genetic testing, deeptech, SaaS, fintech and smarter city solutions.

84/ 110Grade B+

Investments

45

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
25 / 40
10
Software & Developer ToolsConsumer, Lifestyle & ServicesCommerce & MarketingHealthcare & Life SciencesFinance & BlockchainIndustry & Hardware+3 more
analyticsconsumerdataartificial-intelligenceenterprised2c+3 more

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.

83/ 110Grade B+

Investments

76

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
4 / 25
Deal Volume
24 / 30
Portfolio Outcomes
40 / 40
11

Bek Ventures

SeedLuxembourg
Software & Developer ToolsCommerce & MarketingIndustry & HardwareFinance & BlockchainConsumer, Lifestyle & ServicesHealthcare & Life Sciences+3 more
automationartificial-intelligencecybersecurityenterprise-softwarethreat-detectiondata-analytics+3 more
81/ 110Grade B

Investments

36

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
12 / 30
Portfolio Outcomes
40 / 40
12

Hartree Partners

Series BLuxembourg
Energy, Environment & MobilitySoftware & Developer ToolsIndustry & HardwareConsumer, Lifestyle & ServicesFinance & BlockchainHealthcare & Life Sciences+3 more
airenewable-energycarbon-creditssatellite-imageryanalyticscarbon-markets+3 more
81/ 110Grade B

Investments

24

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
30 / 30
Portfolio Outcomes
22 / 40
13

BI Invest

Series ALuxembourg
Healthcare & Life SciencesSoftware & Developer ToolsIndustry & HardwareConsumer, Lifestyle & Services+1 more
biotechdrug-developmenthealthcarer-daidigital-health+3 more
79/ 110Grade B

Investments

59

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
12 / 25
Deal Volume
30 / 30
Portfolio Outcomes
22 / 40
14

CVC Capital Partners

Series C+Luxembourg
Software & Developer ToolsIndustry & HardwareFinance & BlockchainConsumer, Lifestyle & ServicesHealthcare & Life SciencesCommerce & Marketing+3 more
analyticshealthcarecybersecuritydatafintechenterprise-software+3 more

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

76/ 110Grade B-

Investments

84

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
11 / 25
Deal Volume
30 / 30
Portfolio Outcomes
20 / 40
15

MiddleGame Ventures

Series ALuxembourg
Finance & BlockchainSoftware & Developer ToolsCommerce & MarketingIndustry & HardwareEnergy, Environment & MobilityHealthcare & Life Sciences+3 more
fintechaifinancial-servicesdatamarketingbanking+3 more

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.

74/ 110Grade C+

Investments

36

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
0 / 25
Deal Volume
30 / 30
Portfolio Outcomes
29 / 40
16

Vesna Vc

Pre-SeedLuxembourg
Healthcare & Life SciencesIndustry & HardwareSoftware & Developer ToolsEnergy, Environment & MobilityConsumer, Lifestyle & ServicesFinance & Blockchain+3 more
aiautomationgenerative-aiindustrial-energycomputer-visiondigital-twin+3 more

Vesna VC invests into deep tech projects and startups originating from Slovenian or Croatian R&D institutions with technologies at TRL 3 or higher. They invest in early stages including Seed, Start-up, and Later Stage Venture, focusing on sectors such as Climate & Environment Tech, Advanced Materials & Enabling Tech, and Artificial Intelligence & ICT, with ticket sizes ranging from €80k for projects to €200k-€700k plus follow-on rounds for companies.

70/ 110Grade C

Investments

41

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
23 / 30
Portfolio Outcomes
18 / 40
17

Fabric VC

SeedLuxembourg
Finance & BlockchainConsumer, Lifestyle & ServicesSoftware & Developer ToolsIndustry & HardwareCommerce & MarketingArtificial Intelligence & Data+3 more
blockchaincryptoweb3digital-assetsfintechfinance+3 more

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.

69/ 110Grade C

Investments

131

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
0 / 25
Deal Volume
30 / 30
Portfolio Outcomes
24 / 40
18

Boundary Holding

SeedLuxembourg
Software & Developer ToolsIndustry & HardwareHealthcare & Life SciencesEnergy, Environment & MobilityCommerce & MarketingFinance & Blockchain+3 more
aihardwaredigital-healthdronesautomationindustrial+3 more

Boundary Holding is a European deep tech fund headquartered in Luxembourg that invests in early-stage and growth-phase deep tech startups, focusing on industrial AI, autonomous drone technology, and advanced automation. The firm typically invests using convertible loans that convert to equity in later rounds and acts as a strategic co-investment partner bridging scientific research with global commercial markets.

68/ 110Grade C-

Investments

35

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
14 / 30
Portfolio Outcomes
25 / 40
19

LetterOne

Series C+Luxembourg
Healthcare & Life SciencesConsumer, Lifestyle & ServicesEnergy, Environment & MobilityIndustry & HardwareArtificial Intelligence & Data+2 more
hardwaredataconsumer-healtheastern-europenutraceuticalspharmacy+3 more

LetterOne invests in sectors fundamental to society's sustainable prosperity, including energy, technology, health, and retail. They are long-term, active investors who work closely with management teams to build businesses with no fixed time horizon.

53/ 110Grade D-

Investments

11

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
15 / 25
Deal Volume
23 / 30
Portfolio Outcomes
0 / 40
20

2be.lu Investments

SeedLuxembourg
Software & Developer ToolsFinance & BlockchainConsumer, Lifestyle & ServicesIndustry & HardwareEnergy, Environment & MobilityCommerce & Marketing+3 more
dynamic-pricingbooking-systemhardware-integrationreal-time-analyticstour-operator-softwareai-analytics+3 more

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.

47/ 110Grade E+

Investments

15

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
12 / 15
Venture Signals
13 / 25
Deal Volume
9 / 30
Portfolio Outcomes
13 / 40
21

Veris Ventures

SeedLuxembourg
Finance & BlockchainSoftware & Developer ToolsIndustry & HardwareConsumer, Lifestyle & ServicesCommerce & Marketing+2 more
blockchaindefidigital-assetscryptodecentralized-financecompliance+3 more

An early-stage venture capital firm investing in blockchain-based financial infrastructure and applications.

37/ 110Grade F+

Investments

16

Portfolio Size

—

Exit Rate

—

Alive

—

Portfolio Status

Not enough tracked outcomes yet

Portfolio Liveness

No alive portfolio to assess

Score Breakdown

Size Fit
15 / 15
Venture Signals
14 / 25
Deal Volume
8 / 30
Portfolio Outcomes
0 / 40

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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