The government of Luxembourg has launched a seed fund with the support of the private sector to support domestic startups in the digital economy.
The government of Luxembourg launched a corporate-backed seed fund yesterday aimed at local startups in the digital economy sector.
The vehicle, dubbed Digital Tech Fund, will be managed by Expon Capital and forms part of the government’s $21m Digital Lëtzebuerg initiative launched in December 2015.
Apart from the government, the fund has also attracted commitments from Post Capital, the investment arm of mail and telecommunications firm Post, and High Capital, the corporate venturing unit for IT and business engineering…
