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Luxembourg AI startups and scaleups
Luxembourg has emerged as a vibrant hub for AI innovation, fostering a dynamic ecosystem of startups and scaleups that leverage artificial intelligence to drive technological advancements across various sectors.
Luxembourg’s AI startup ecosystem at a glance
Empowering national AI startups is part of Luxembourg’s broader ambition to lead in responsible and human-centric AI, as outlined in the Luxembourg AI Strategy. The strategy promotes a sustainable, data-driven economy by investing in AI skills, research, innovation and ethical deployment.
To complement this startup-focused view, the Luxembourg AI Ecosystem Mapping offers a wider perspective, including stakeholders ranging from startups, corporates, research institutions, public bodies and support organisations across the national AI value chain.
Here we explore the national AI startup ecosystem. Our analysis was conducted in February 2026, based on a dataset of startups and scaleups active in Luxembourg and founded since 2005. To be included, companies must offer a product that is based on, integrates or develops artificial intelligence (AI) technologies.
AI is broadly defined to encompass a range of technologies including machine learning, deep learning, natural language processing (NLP), computer vision and other related fields.
The primary source of information is the public Dealroom database, which was cross-referenced with the AI mapping developed by Luxinnovation to ensure accuracy and completeness.
The startups and scaleups listed on the Dealroom database align with the following criteria: rapidly scaling/scalable entities, maximum 20 years old, innovative by design and active in Luxembourg (headquarters, founding place or a regular office).
As the database is collaborative, startups not currently listed are encouraged to create a profile to be included in future analyses.
Growth over time
As of early 2026, 247 startups leveraging AI are active in Luxembourg, representing 30% of the national ecosystem. Among those, 78% are headquartered in Luxembourg, underscoring the country’s role as both a creator and adopter of AI innovation.
The number of AI startups has more than doubled since 2020, reflecting the rapid integration of AI across sectors. This growth has accelerated in recent years, with a record 37 new startups integrating AI launched in 2024 alone. These figures point to a young, fast-evolving ecosystem that is gaining momentum and maturity, driven by both local talent and supportive national strategies.
Over 2023-25, 200 new startups were created in Luxembourg, nearly half of them (46%) are leveraging AI.
Figure 1: Number of AI startups in Luxembourg per creation year
Source of data: Dealroom
Most represented sectors
The Luxembourg AI startup ecosystem shows a strong concentration in enterprise software, which leads with 97 startups, followed by fintech (43) and health (36).
In the enterprise software sector, around half of startups use AI, reflecting deep expertise in SaaS and B2B solutions. Conversely, in the fintech sector, the number of start-ups using AI represents only 20% of fintech start-ups in Luxembourg, indicating slower proportional adoption. In the health sector, nearly 40% of Luxembourg-based startups leverage AI, for various applications, such as mental health, diagnostics, drug discovery, etc.
Space tech also emerges as a significant niche with 22 startups, aligning with Luxembourg’s national investment in the space economy.
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Figure 2: Number of Luxembourg AI startups per industry
Source of data: Dealroom - A startup can be classified in up to 2 industries.
Financing AI startups
40% of AI startups in Luxembourg have secured funding since their creation, with 21% raising at least €1 million. At the same time, 19% (46 startups) remain at the pre-seed stage, having raised less than €1 million, highlighting a healthy pipeline of early-stage ventures.
Among the funded startups, the average amount raised is €6 million, though the median stands at just €148.50K, reflecting a wide range of funding levels and a few large outliers.
Figure 3: Percentage of Luxembourg AI startups per total funding range
Source of data: Dealroom
Focus on headquartered AI startups in Luxembourg
Since 2020, funding for AI startups headquartered in Luxembourg has risen sharply, stabilising at around 60M€ since 2023. At the same time, the number of rounds remain quite high, signalling a more established phase of growth.
The average round for AI startups headquartered in Luxembourg is 2M€ and the median round is 147K€, which is around the same amount as all startups headquartered in Luxembourg, regardless of sector or technology. This means that AI startups are competitive but not over-funded.
Figure 4: Evolution of funding for AI startups HQ in Luxembourg by amount (in €) and number of rounds
Source of data: Dealroom
*All funding types, both private and public support
How much of Luxembourg’s startup funding goes to AI?
Since 2017, AI has accounted for over one-third of all HQ Luxembourg rounds, climbing to 51% in 2025. While funding share remained modest up to 2021 (with the notable exception of 2020), AI investment has surged over the past three years.
In 2025, half of rounds and capital was raised by AI startups, confirming their growing weight in the ecosystem.
Figure 5: Evolution of share of rounds and amount (in €) raised by headquartered AI startups in Luxembourg
Source of data: Dealroom
*Startups HQ in Luxembourg only, percentage taken on disclosed funding only
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- Enterprise software
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