Image credits: Sapientisat/ Deposit Photo
Luxembourg, known for its multicultural population, international talent pool, and central location, is an ideal place for startups to test and develop concepts and explore new services/products.
Over the past few years, the country bordering France, Germany, and Belgium has made a name for itself, thanks to rising startup initiatives, incubators, and venture capital.
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With attractive propositions like a robust economy, tax-friendly environment, and an international mix of people, Luxembourg is on its way to becoming a thriving startup system.
According to Startup Luxembourg, the country has a thriving startup community with more than 700 startups. It opines that Luxembourg is an interesting testbed for developing innovative products. It is a reliable data hub with world-class connectivity, cybersecurity and data processing capacities, and offers an international environment with a multicultural talent pool. As per Startup Luxembourg, these are some of the key reasons to start up in Luxembourg.
Startup Luxembourg is a public initiative financed by the Ministry of the Economy, managed by Luxinnovation, Luxembourg’s national innovation agency, and supported by the national startup ecosystem.
In this regard, we have listed some of the Luxembourg startups that raised capital so far in 2022. Some of them are hiring talents now. Check out the list below.
MANGOPAY
Founder/s: Romain Mazeries
Fundraised in 2022: €75M
Hiring status: Yes | Click here
MANGOPAY provides payment technology for the marketplace, fintech platforms, and crowdfunding platforms to enable them to process funds easily and automatically. Currently, the company has over 2,500 clients across Europe, including Vinted and Rakuten. MANGOPAY claims to have processed more than €18B since its inception in 2013. Last month, the company raised €75M in funding from US-based private equity firm Advent International, taking over as a majority shareholder.
Shipsta
Founder/s: Christian Wilhelm, Stefan Maratzki, Oliver Ritzmann
Fundraised in 2022: €8.9M
Hiring status: Yes | Click here
Shipsta is a software company that aims to make logistics efficient, sustainable, and cost-effective through digitisation and data. The company’s platform offers an end-to-end solution, including rate management, e-procurement, freight calculator, scenario designer, freight settlement, and KPI dashboard. By automating complex tasks and providing complete transparency over data, Shipsta helps businesses control freight costs, manage risk and build resilience in their supply chain. In March, the company secured €8.9M funding in a round led by Dubai-based Tricap Investments to accelerate its global reach.
BlocHome
Founding team: Jean-Paul Scheuren, Leonel Marques, Romain Poulles, Raphaël Scheuren, Maroun Altekly,
Fundraised in 2022: €1M
Hiring status: No
BlocHome is an investment platform that enables anyone to invest in the real estate market. Users can start investing in the market as minimal as €1K as soon as their accounts get verified. Also, verified users can buy and sell their stakes via tokens in the legal entity that owns their growing real estate portfolio. In March, the company raised €1M from its community users.
Saturne Technology
Founder/s: Walter Grzymlas
Fundraised in 2022: €3.7M
Hiring status: No
Saturne Technology is an SME that has developed sophisticated know-how in laser techniques for cutting, drilling, welding, and laser cladding. The company operates in various markets, including the cutting edge industry, aeronautics, aerospace, the transport industry, and the medical sector. In March, the company raised €3.7M in funding to grow its capacity and integrate a range of services, including pre-and post-additive manufacturing.
Leko Labs
Founder/s: Francois Cordier
Fundraised in 2022: €18.57M
Hiring status: Yes | Click here
Leko Labs is on a mission to reinvent the construction process for next-generation buildings. The carbon-negative construction company has developed a novel wall and floor building material based entirely on wood and wood fibre, capable of replacing up to 75 per cent of concrete and steel currently used in constructing a single building. Besides a sustainable approach, this system will also give superior insulation properties with thinner walls, enabling up to 10 per cent more floor space for a given building, claims the company. In February, Leko Labs raised €18.57M in its Series A round of funding led by urban sustainability technology VC fund 2150.
UFODRIVE
Founder/s: Aidan McClean, Renaud Marquet
Fundraised in 2022: €16.68M
Hiring status: No
UFODRIVE offers an all-electric car rental service powered by its end-to-end e-mobility platform. It is the first all-digital, all-electric car rental service controlled from an app, claims the company.
The platform offers no keys, no paperwork, no queues, no fuel or emissions, and hassle-free electric car rental services, providing users with on-demand car rental services at the prime city and airport locations across Europe.
EmailTree.AI
Founder/s: Casius Morea, Xavier Buck
Fundraised in 2022: €2.5M
Hiring status: Yes | Click here
EmailTree.AI offers a solution to increase email productivity, automate the composition of email, and trigger automatic actions within databases. With its tool powered by artificial intelligence and machine learning, users will spend relatively lesser time on emails and use them for other important value-added activities. The company raised €2.5M funding to develop its solution.
Tokeny
Founder/s: Luc Falempin
Fundraised in 2022: €9.8M
Hiring status: Yes | Click here
Tokeny claims to allow financial actors operating in private markets to compliantly and seamlessly issue, transfer, and manage securities using distributed ledger technology, enabling them to improve asset liquidity. The company enables market participants to unlock advancements in the transferability and liquidity of financial instruments.
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