Startup investment volume in Luxembourg 2016-2019

Luxembourg's startup investments fluctuated between a low of 40 million euros and a high of around 300 million euros between 2016 and 2019. This fluctuation could be attributed to the country's relatively small size, although it is one of Europe's largest financial centers. Regardless, London, Paris, Berlin and Stockholm were significantly more popular places for startup investment rounds. A startup is usually defined as a starting (group of) entrepreneur(s), but there are many different definitions of this term. For this specific ranking, the source mentions that it included startups that are less than ten years old. Exceptions were companies which did not mention their founding year, or which were officially listed as a startup despite passing the ten-year mark.