BeAngels recently launched its third investor group in Luxembourg to reinforce its presence in the region. CEO Claire Munck shares more about BeAngel’s latest updates and future plans.
How does BeAngels plan to integrate and enhance its presence in Luxembourg?
The Lux Chapter holds a pivotal role in BeAngels’ expansion strategy across borders. Since its inception two years ago, the Lux Chapter has steadily established itself as a key player in the early-stage investment ecosystem. Moving forward, BeAngels aims to reinforce its presence within the Lux Chapter by fostering closer collaboration with local ambassadors and stakeholders. This entails leveraging the Lux Chapter as a platform to deepen connections, provide tailored support to angel investors and startups, and amplify the impact of cross-border investments. As we continue to evolve and grow, reinforcing the Lux Chapter signifies our commitment to driving innovation and prosperity in Luxembourg’s startup landscape.
Can you share the progress made by BeAngels since the last quarter of 2023?
Since our last conversation, we’ve experienced steady growth, particularly with the launch of our third investor group in Luxembourg. This type of service, unique to Belgium and Luxembourg, has been incredibly successful in facilitating angel investing for individuals, offering training, coaching and access to a portfolio of early-stage investments for a limited amount of capital invested. On top of investor groups, BeAngels provides various investment avenues such as direct investments, tracker funds, and post-seed/pre-Series A venture capital funds. We’ve observed a positive trend despite the market complexities of the past two years, true to both the Belgian and Luxembourgish environments.
Could you elaborate on the investment options and minimum ticket amounts available through BeAngels?
BeAngels offers diverse investment options tailored to different investor preferences. In our investor groups, the minimum ticket amount is 20,000€, which provides access to a portfolio of three investments in a collective intelligence framework. This model allows investors to pool their resources, knowledge and experience, thereby amplifying their impact on the startup ecosystem.
Additionally, we offer tracker funds, enabling investors to co-invest in every first investment decision made by our members throughout the year, with a minimum entry of 10,000€. For those preferring individual investment decisions, our indirect business angels typically invest around 25,000€. Finally, we also have venture capital funds, professionally managed and investing in post-seed/pre-Series A deals (so more mature), with an entry ticket of 150,000€. These varied options aim to accommodate investors of different profiles and preferences and different stages in their investment journey.
Can you highlight a recent success story or impactful investment facilitated by BeAngels, particularly in the Luxembourg-based startup scene?
While not exclusive to Luxembourg, one notable success story exemplifying BeAngels’ impact is our investment in Beatsurfing, a musictech startup based in Liège. Through our investor groups in Luxembourg and Belgium, we participated in the latest round of investment in Beatsurfing, enabling them to scale rapidly and expand their operations, including a recent venture into the US market. This success underscores the power of cross-border collaboration and showcases the potential for startups to thrive with angel investor support from diverse locations.
How does BeAngels differentiate itself in the early-stage investment ecosystem, and what are its key initiatives for supporting startups and investors in Luxembourg?
BeAngels distinguishes itself through its comprehensive approach to early-stage venture capital, providing guidance and support to investors navigating the startup landscape. Our emphasis on collective intelligence, structured investment processes, and extensive training for angels sets us apart as a reliable resource for both investors and startups. We are a cross-border angel group and offer investment services from pre-seed to pre-series A. Key initiatives in Luxembourg include fostering connections with local innovation hubs and chambers of commerce, as well as exploring opportunities to support scale-up ventures. By leveraging our expertise and networks, we aim to contribute to the growth and sustainability of the Luxembourg startup ecosystem.
How does BeAngels plan to further expand and strengthen its presence in Luxembourg moving forward?
BeAngels views its initial three years in Luxembourg as a testing phase to evaluate the market’s interest in our activities. Moving forward, our focus will be on reinforcing our presence and coordination within the Luxembourgish ecosystem. This involves enhancing our team’s presence to ensure consistent support for angel investors and startups. We recognize the importance of having a strong foothold in the Luxembourg market, and we are committed to expanding our efforts to facilitate angel investing and foster innovation in the region.
