Startups in the Benelux — Belgium, the Netherlands and Luxembourg — have seen increased attention from VCs in recent years. According to European Startups data
, 2020 was a record year for VC investment into Benelux startups — at a whopping €2.7bn, up from €1.9bn in 2019.
As a result, Benelux startups have had a good year. In Luxembourg, the growing and vibrant startup ecosystem remained resilient as companies continued to flourish
during the Covid crisis. Meanwhile, the government leaned on startups for their support as much as startups turned to the government with the ‘StartupsvcCovid19’
initiative, a call for projects focused on solutions for the pandemic.