Luxembourg Future Fund Drives Tech Innovation with Strategic Investment in 33N Ventures

Luxembourg Future Fund Drives Tech Innovation with Strategic Investment in 33N Ventures

(IN BRIEF) The Luxembourg Future Fund (LFF2), a partnership between SNCI and the EIF, has invested in 33N Ventures, a leading venture capital fund that specializes in cybersecurity and infrastructure software. This investment is designed to boost 33N’s ability to make global, multi-stage investments in sectors such as cybersecurity, AI, data, and DevOps, while also strengthening Luxembourg’s technology ecosystem. Founded in 2022 and headquartered in Portugal, 33N Ventures, which also has a key partner in Luxembourg, has earned a strong reputation through its strategic investments in global industry leaders. The investment has been welcomed by key figures at 33N Ventures, SNCI, and the EIF, all of whom highlighted its importance in accelerating innovation, supporting sustainable economic growth, and positioning Luxembourg as a cybersecurity hub in Europe. LFF2, which was launched in 2023 with €200 million in financing commitments, is poised to continue its support for innovative projects within the region.

(PRESS RELEASE) LUXEMBOURG, 1-Apr-2025 — /EuropaWire/ — The Luxembourg Future Fund (LFF2), a collaborative initiative between Société Nationale de Crédit et d’Investissement (SNCI), Luxembourg’s development bank, and the European Investment Fund (EIF), has recently invested in 33N Ventures, a top-tier venture capital fund specializing in cybersecurity and infrastructure software. This strategic injection of capital is set to further accelerate 33N’s global, multi-stage investments in critical fields such as cybersecurity, artificial intelligence, data, and DevOps, with a particular focus on enhancing Luxembourg’s tech ecosystem.

Headquartered in Portugal since its founding in 2022, 33N Ventures has built an impressive track record, with one of its key venture partners based in Luxembourg. The firm has been at the forefront of making strategic investments in global leaders within the cybersecurity and infrastructure software sectors. 33N Ventures is committed to empowering both the European and Luxembourg ecosystems to reach international excellence, positioning itself as a premier investor in cutting-edge technology companies.

Carlos Moreira da Silva, Managing Partner at 33N Ventures, commented, “We appreciate the trust reflected in this investment, which validates our unique approach to nurturing the next generation of cybersecurity and tech innovators. Our global perspective combined with deep industry expertise enables us to create substantial value for our investors.” Carlos Alberto Silva, also Managing Partner at 33N Ventures, added, “Securing this funding amid a challenging market environment is a significant milestone. It demonstrates our team’s ability to deliver strong returns and attract top-tier investors and portfolio companies as one of the few first-time specialist funds to achieve this level of capital raise.”

Eva Kremer, CEO of SNCI, stated, “The investment by LFF2 in 33N is a key development for Luxembourg’s ecosystem. It not only supports the growth of strategic sectors such as cybersecurity but also complements early-stage investors and business angels by connecting promising companies with specialized, growth-stage funding. This initiative is instrumental in positioning Luxembourg as a leading hub for cybersecurity in Europe.” Marjut Falkstedt, Chief Executive of the EIF, remarked, “We are proud to support the next wave of innovation in cybersecurity and emerging technologies through our investment in 33N. By working closely with both local and international partners, we reinforce our commitment to building a resilient technology ecosystem that can tackle future digital challenges.”

Launched in 2023, LFF2 continues the successful collaboration between SNCI and the EIF to drive diversification and sustainable economic development in Luxembourg. With total financing commitments of €200 million—allocating up to €160 million from SNCI and €40 million from the EIF—the fund is set to provide substantial support for innovative projects in Luxembourg.

About 33N

33N is a European venture capital fund (EuVECA) specialised in cybersecurity and information technologies, registered with the Spanish National Securities Market Commission (CNMV).
The fund invests globally in early-growth stage companies that develop and commercialise emerging technological solutions in cybersecurity and information technologies. The fund is intended for professional investors and investors who comply with the EuVECA Regulation. 33N Ventures is composed of an experienced and well-established international team, with an extensive global network of leading entrepreneurs, specialists, and decision-makers in cybersecurity across various industries.

About SNCI

Société Nationale de Crédit et d’investissement (SNCI) is a public banking institution that specialises in granting access to finance to Luxembourg-based commercial companies with a strong focus on SMEs. It co-finances businesses at every stage of their development having a positive impact on Luxembourg’s sustainable economic diversification. SNCI intervenes either directly or indirectly through loans to partially cover the financing of startup, expansion, transfer or innovation projects. SNCI also acquires and manages holdings in companies and investment funds that are strategically important for the development and diversification of Luxembourg’s economy. www.snci.com

About the EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments, which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment. For more information, please visit www.eif.org.

Media Contact:

SNCI press contact: communications@snci.lu, tel: +352 46 19 71 1

EIF press contact: Sabine Parisse, s.parisse@eib.org, tel: +352 4379-83340, mob: +352 621 459159

SOURCE: European Investment Fund