In the heart of Europe, nestled between France, Belgium, and Germany, lies a nation that punches well above its weight in terms of economic resilience and technological innovation: Luxembourg.
Renowned for its commitment to freedom, diversity, and developed infrastructure, Luxembourg stands out as a beacon of progressive governance and forward-thinking policies. Boasting a thriving business environment the Grand Duchy has become a magnet for entrepreneurs and tech enthusiasts alike. With a remarkable rate of new business creation and a strategic focus on emerging technologies like self-driving vehicles, artificial intelligence, and digital assets, Luxembourg has positioned itself as a leader in the digital revolution. But it’s not just about innovation – the ease of starting a business here exceeds expectations, with a new business entry rate that speaks volumes about the nation’s entrepreneurial spirit.
Moreover, Luxembourg’s resilience in the face of disruptive events is commendable, backed by robust e-government services and a proactive approach to cybersecurity. With a national strategy guiding the commercial development of artificial intelligence and a commitment to inclusive policy making through public consultations, Luxembourg is not just embracing the future – it’s shaping it. And as a signatory to key international agreements like the Council of Europe Convention on Cybercrime, Luxembourg is paving the way for a secure and prosperous digital landscape for all.
In this article we bring you 10 startups that have been founded in Luxembourg and showing strong potential for the year ahead – aiming to disrupt different markets such as Spacetech, Healthcare and Proptech. All of these startups were founded post-2020.
BlocHome: Founded in 2021, BlocHome is a new way for anyone to access the real estate market through BlocHome Tokens. These tokens represent a share in the company that owns the buildings. With €1 million raised from 200 users, BlocHome demonstrates significant early success and potential in the market.
Circu Li-ion: Hesperange-based Circu Li-ion is an innovative battery upcycling startup. Circu Li-ion is on a mission to bring urban mining to life through its automated battery upcycling platform. The company raised €8.5 million in total funding to support their goals to enhance its Machine-as-a-Service platform and roll it out in more European markets.
Frictionless: Founded in 2022, Frictionless is a digital securities company that provides a comprehensive digital investment platform for investors, issuers, and funds. It specializes in fully digital securities and cash flows, operating on public blockchains with Avalanche serving as its treasury chain. The company has raised a total funding of €1.2 million.
KEYM: Founded in 2021, KEYM is a music social network which allows everyone to find in a few clicks the profiles that meet all their needs. It allows users to create a profile, publish portfolios and their artistic CVs, and exchange with all the enthusiasts in their cities of choice. KEYM has raised a €1m round to double its team and invest in marketing efforts.
Kodehyve:
Proptech startup Kodehyve is on a mission to digitize the real estate industry, bringing it up to speed for the digital era. Founded in 2020, Kodehyve has built a property development operating system (ERP) providing an end-to-end solution to the real estate ecosystem as a whole. It pulls data from scattered sources and professionals into one powerful platform. The startup raised €4 million in total funding.
Magrid Education: Edtech startup Magrid is a language-free and evidence-based pedagogical learning solution to develop math, visual-spatial, and cognitive abilities designed for 3-9 year olds. Founded in 2020, Magrid is widely used in public schools of Luxembourg and Portugal, serving over 10,000 children annually.
Mission Space: SpaceTech startup Mission Space, founded in 2020, serves a demand for tools to monitor space weather in the increasingly cluttered low earth orbit. Its software solutions provide early warnings enabling customers to save their assets before a storm hits. The startup has raised €1.1 million in total funding.
Skippet: Founded in 2020, Skippet is a Natural Language Processing (NLP) and AI startup helping users to create custom software without writing a line of code. Skippet provides an AI partner to help users stay focused on tasks and improve workflow efficiency within a team. The startup raised €2.2 million to exapand their operations and push the boundaries of Natural Language Processing platforms.
SkyGrids: A newcomer in the space industry, SkyGrids seeks to revolutionize drone technology. Utilizing its airborne wireless network technology, initially developed for extraterrestrial missions, SkyGrids employs laser tracking to monitor UAVs and provides energy to a specialized modular photovoltaic receptor. Founded in 2021, the company has raised €510k.
VoiceMed: Healthtech startup VoiceMed, leverages biomarkers in respiratory diseases and aims to improve access to healthcare through digital applications. The startup developed a Remote Patient Monitoring (RPM) software which allows direct measurement of lung function within the platform utilizing only a tablet or smartphone. The startup, founded in 2020, has raised €300k in total funding.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!
Read the orginal article: https://www.eu-startups.com/2024/02/spotlighting-luxembourgs-top-10-startups-leading-the-charge-in-innovation-in-2024/
