The Luxembourg Future Fund 2 (LFF2) has invested in the cybersecurity and infrastructure software venture capital fund 33N Ventures, the Société Nationale de Crédit et d’Investissement (SNCI) and the European Investment Fund (EIF) announced on 31 March 2025. Founded in 2022 and based in Portugal, 33N specialises in cybersecurity and information technologies. It invests in early-growth-stage companies that develop and commercialise emerging technological solutions, and has recently invested in firms like Datagalaxy (France), Exein (Italy), Panorays (Israel) and Strikeready (US).
“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 specialised European fund, with worldwide coverage, we combine a global outlook with deep industry expertise,” commented 33N Ventures managing partner Carlos Moreira da Silva.
“Securing this funding in a challenging market is a major achievement,” added 33N Ventures managing partner Carlos Alberto Silva. “We’re proud to be among the few first-time specialist funds to raise this level of capital in recent years.”
The investment by the Luxembourg Future Fund 2, a joint initiative between the Luxembourg development bank SNCI and the EIF, will allow 33N--which has a venture partner in the grand duchy--to continue its investments in sectors like cybersecurity, artificial intelligence, data and devops, notably in Luxembourg.
“LFF2’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 SNCI CEO Eva Kremer. “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 specialised and growth stage investors.”
“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 startups and strengthening digital security in Europe,” commented , chief executive of the EIF, European Investment Bank Group’s venture arm.
The amount of the investment in 33N Ventures was not disclosed.
, the Luxembourg Future Fund 2 aims to support the diversification and sustainable development of the grand duchy’s economy. It has €200m in total financing commitments between the SNCI (up to €160m) and the EIF (up to €40m). The LFF2 has previously invested in and the .