LFF2 Supports 33N’s Expansion in Cybersecurity, AI, and DevOps with Key Investment

The Luxembourg Future Fund (LFF2), a collaboration between Société Nationale de Crédit et d’Investissement (SNCI), the Luxembourg development bank, and the European Investment Fund (EIF), has made a strategic investment in 33N, a leading venture capital fund specializing in cybersecurity and infrastructure software.

This investment positions 33N to expand its global, multi-stage investments, particularly in critical sectors like cybersecurity, AI, data, and DevOps, with a notable focus on advancing innovation in Luxembourg.

Founded in 2022 and based in Portugal, 33N Ventures has one venture partner of the team based in Luxembourg. The team has already established a strong track record, leading strategic investments in global cybersecurity and infrastructure software leaders. 33N Ventures is dedicated to empowering the European and Luxembourg ecosystem to achieve international excellence, solidifying its position as a premier specialised investor driving the growth of world-class technology companies.

Carlos Moreira da Silva, Managing Partner at 33N Ventures, said, “We are grateful for the latest investment in 33N, reflecting trust in our unique approach to building the next generation of global cybersecurity and tech leaders. As a specialized European fund, with worldwide coverage, we combine a global outlook with deep industry expertise. By backing exceptional companies, 33N creates strong value for investors.” According to Carlos Alberto Silva, Managing Partner at 33N Ventures, “Securing this funding in a challenging market is a major achievement. We’re proud to be among the few first-time specialist funds to raise this level of capital in recent years. Our team’s expertise, proven track record and ability to deliver strong returns have been key to attracting top-tier investors and portfolio companies.”

“LFF 2’s investment in 33N provides another important element for Luxembourg’s ecosystem adequately aligning with our mission to foster innovation and support the growth of strategic sectors like cybersecurity in Luxembourg,” said Eva Kremer, CEO of SNCI. “As an investor in Series A and B stages, 33N is complementary to existing early-stage investors and business angels in Luxembourg, enabling the most promising companies out of the region to have connections to specialized and growth stage investors. Furthermore, 33N will help to position Luxembourg as a reference country in Europe in what regards to cybersecurity, via its network and associations. ”

“We are pleased to support the next generation of innovation in cybersecurity and emerging technologies through our financing of 33N. These venture capital funds play a crucial role in accelerating the growth of tech start-ups and strengthening digital security in Europe,” said Marjut Falkstedt, Chief Executive of the EIF. “Our collaboration with local and international partners reinforces our commitment to building a robust and resilient technology ecosystem capable of addressing future digital challenges.”

LFF2 was launched in 2023 to continue the successful cooperation between SNCI and EIF aiming to stimulate the diversification and sustainable development of the Luxembourgish economy via funding activities. With €200 million in total financing commitments between SNCI (up to €160 million) and EIF (up to €40 million), LFF2 provides additional firepower in support of innovative projects in Luxembourg.