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Top 5 Health Care VC Funds & Investors in Luxembourg (May 2026)

The most active venture capital funds investing in Luxembourg Health Care startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Luxembourg Health Care startup companies. Find investors to raise a Seed, Series A or Series B round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Expon Capital
VC Fund
4 Luxembourg, France, United States Series A, Seed, Series B Software, E-Commerce, Information Technology $375k–$54M
Volta Ventures
VC Fund
3 Belgium, The Netherlands, Luxembourg Seed, Series A Software, Information Technology, Artificial Intelligence $482k–$7.5M
KBC Focus Fund
VC Fund
2 Belgium, The Netherlands, Luxembourg Seed, Series A Electronics, Semiconductor, Manufacturing $1.2M–$16M
Finindus
VC Fund
2 Belgium, Sweden, The Netherlands Series A, Seed Manufacturing, Industrial, Renewable Energy $3.2M–$14M
Digital Tech Fund
VC Fund
1 Germany, Luxembourg Seed, Series A Tourism, Health Care, Manufacturing
Access all 15 VC funds in Luxembourg Health Care startups.

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Expon Capital
VC Fund · Luxembourg, Luxembourg, Luxembourg · 4 investments in Luxembourg Health Care startups

Global investor in big ideas with the potential for positive impact & exponential growth

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Investment focus

  • Industry: Software, E-Commerce, Information Technology
  • Stage:Series A, Seed, Series B
  • Geography: Luxembourg, France, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $375k–$3M; Series A $2.1M–$24M; Series B $16M–$54M
  • Lead/follow: 20% lead, 80% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Salonkee — All-in-one solution for beauty & hair salons
  • HelloBetter — HelloBetter (hellobetter.de) was founded in 2015 under the name GET.ON Institut für Online Gesundheitstrainings GmbH (geton-institut.de) by internationally renowned research psychologists, and in close partnership with one of the largest public health care insurance companies in Germany (BARMER). HelloBetter is a pioneer in the field of e-mentalhealth and a leading provider of online mental health courses. Its work has a strong scientific basis – the courses were developed, evaluated, and implemented in a practice setting, and their effectiveness has been proven in 33 randomized controlled trials according to the highest standards of scientific practice. HelloBetter offers the widest range of evidence-based online mental health courses worldwide, with 11 digital courses covering 8 problem areas (stress, depression, insomnia, depression in the case of chronic illness, chronic pain, alcohol consumption, excessive worry, and panic and anxiety).In October 2021, the digital therapeutic 'HelloBetter Stress and Burnout' has been permanently approved by the German Federal Institute for Drugs and Medical Devices (BfArM) as a Digital Health Application (DiGA) and thus is available by prescription free of charge for more than 50 million adults. It is the world’s first and so far only prescription digital therapeutic for the treatment of burnout symptoms.Through diverse cooperations with national and international research groups (including FAU Erlangen, University of Ulm, VU Amsterdam, and Harvard University) HelloBetter finds practical applications for the latest research innovations. Our products and our team have been awarded numerous national and international prizes. These include the Novartis & Sandoz/Hexal Digital Health Prize 2018, the Comenius Award of the European Federation of Psychologists’ Association, and the Good Practice in Mental Health & Wellbeing seal of approval as part of the EU Compass 2018, which recognises high-quality mental health initiatives in Europe in order to guide health care providers to effective and proven services.
  • Videobot — Grow your business with personalised video funnels that engage your audience with human interaction, capture leads, guide your users, enhance customer satisfaction and increase conversion rate.Short videos have already become dominant across social media platforms. Now, this beloved user experience is available on company websites as well. The applications are vast and varied. Discover how it all works by reserving your own presentation slot.
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Volta Ventures
VC Fund · Gent, Oost-Vlaanderen, Belgium · 3 investments in Luxembourg Health Care startups, 8 in the past 12 months

Volta Ventures is a venture capital firm, offering seed & early stage VC for internet & software companies (SaaS) in the Benelux region

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands, Luxembourg

Investor stats

  • Total investments: 68
  • Round size: Seed $482k–$5.2M; Series A $1.6M–$7.5M
  • Lead/follow: 49% lead, 51% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Next Gate Tech — Next Gate Tech is a Luxembourg based, data-driven FundTech that provides innovative Software-as-a-Service solutions for the asset management industry. Our mission is to enhance the Fund industry technology, thanks to machine learning, data analytics, and smart automation. We capitalize on the rapid emergence of cloud-based computing frameworks tooffer fast, accurate, and robust solutions to our clients. We provide intelligent, adaptive, and dynamic automation solutions through a web platform to help industry players manage middle and back-office processes.
  • Propellant.digital — We are a Netherlands based FinTech that is focused on bring together public and private data to power business decisions in a low cost way. Born in 2021, our mission is to organise financial markets information and make it transparent, accessible, affordable and useful to all parties in the ecosystem. Propellant.Digital is headed up by foundersVincent Grandjean, and Allan Horgan, both professionals who have a long history in the financial market technology sector and wanted to leverage their experience to create a solution that was low cost.
  • Ecochain Technologies — Ecochain is a life cycle assessment software and services company that helps companies reduce their environmental footprint. Learn more.
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KBC Focus Fund
VC Fund · Brussels, Brussels Hoofdstedelijk Gewest, Belgium · 2 investments in Luxembourg Health Care startups

The KBC Focus Fund is a € 50 million venture capital fund that leverages the network of KBC in our investments. As we are an evergreen fund, we always strive for an exit when market conditions are favourable.

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Investment focus

  • Industry: Electronics, Semiconductor, Manufacturing
  • Stage:Seed, Series A
  • Geography: Belgium, The Netherlands, Luxembourg

Investor stats

  • Total investments: 17
  • Round size: Seed $1.2M–$6.4M; Series A $2.7M–$16M
  • Lead/follow: 29% lead, 71% follow

Portfolio highlights

  • Aito — BRINGING SURFACES TO LIFE Integrated finger sensing & haptic technology Creating unparalleled haptics experiences Fully customisable solutions Our Propo ...
  • BeeOLED — BeeOLED’s technology enables OLED displays with significantly improved efficiency, brightness and operational stability at lower overall costs due to a less complex device structure.
  • Pharrowtech — We design state of the art bulk-CMOS RFIC devices with custom phased array antenna solutions targeted to 3GPP 5G NR and IEEE 802.11ad/ay mmWave applications.
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Finindus
VC Fund · Zelzate, Oost-Vlaanderen, Belgium · 2 investments in Luxembourg Health Care startups

Finindus provides early stage financing and growth capital to innovative companies active in the area of materials, material processing and sustainable manufacturing. We are funded by ArcelorMittal and the Flemish Region and linked to OCAS, the world class metals research center located in Belgium.

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Investment focus

  • Industry: Manufacturing, Industrial, Renewable Energy
  • Stage:Series A, Seed
  • Geography: Belgium, Sweden, The Netherlands

Investor stats

  • Total investments: 21
  • Round size: Series A $3.2M–$14M
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Kraftblock — Kraftblock is a high-efficiency, high-temperature heat storage system designed to decarbonize power generation and industrial processes.
  • Viking Analytics AB — Understand operational behavior and prioritize machines that need attention. Say goodbye to false alarms with Viking Analytics technology.
  • Tau Group — E-mobility is powered by its core - the electric motor. We at Tau are at the very core of the core: the copper winding wire, the magnetic core, the electrical steel.We just make it bet.
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Digital Tech Fund
VC Fund · 1 investments in Luxembourg Health Care startups

Digital Tech Fund

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Investment focus

  • Industry: Tourism, Health Care, Manufacturing
  • Stage:Seed, Series A
  • Geography: Germany, Luxembourg

Investor stats

  • Total investments: 3
  • Lead/follow: no public data

Portfolio highlights

  • Wizata — Empowering data-driven optimization created for your industrial manufacturing process. Working through our digital platform for AI manufacturing optimization.
  • itravel — itravel allows leisure travelers to configure and book experiences, hotels, and transportation on tablets, the web, and in social media. itravel offers the client tools to select and “build” custom trips based on desired experiences (such as kitesurfing, elephant rides, special spa treatments), specific room configurations, and personalpreferences. itravel’s app interfaces allow these selections to happen effortlessly and with appealing content.
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Health Care VC funding in Luxembourg at a glance

Stats across 14 deals from 15 investors.

15
investors
in Luxembourg Health Care startups
14
deals
in Luxembourg Health Care startups
$1.3M
median round
in Luxembourg Health Care startups
53%
lead investors
lead at least one round
21%
Seed
most common funding stage

Access all 15 VC funds in Luxembourg Health Care startups.

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