The Luxembourg Future Fund (LFF2), a joint initiative between Société Nationale de Crédit et d’Investissement (SNCI), the Luxembourg development bank and the European Investment Fund (EIF) has invested in 33N, a leading cybersecurity and infrastructure software venture capital fund. This investment contributes to position 33N to accelerate its global, multi-stage investments in critical sectors, including cybersecurity, AI, Data, and DevOps notably in Luxembourg.

Luxembourg, 31 March 2025: 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.

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.

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

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.

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