Expeditions is an early-stage venture capital firm investing in defence and dual-use deep tech companies across Europe. Backed by investors including BAE Systems and the NATO Innovation Fund, it focuses on cybersecurity, AI, quantum, autonomy, and space technologies.
32% of their portfolio is in Defense & Space. Deal activity increased 75% year-over-year (7 deals in the last 12 months). Their most common stage is series-a (41% of deals). Average disclosed round size is $9.4M (across 19 rounds with reported amounts).
Portfolio
28
Fund Size
$225M
Top Stage
Series A
Last 12 Mo
7
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
34 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Twin Prime | Pre-Seed | $10M | Aug 2026 |
 Sky Spy | Pre-Seed | $1.6M | Aug 2026 |
| FFrankenburg Technologies | Series B | — | Aug 2026 |
 Dominion Dynamics | Series A | — | Jun 2026 |
| Twin Prime | Pre-Seed | $10M | May 2026 |
 EGIDE | Seed | — | Mar 2026 |
| Twin Prime | Pre-Seed | $10M | Jan 2026 |
 Gambit Cyber | Seed | $3.4M | Dec 2025 |
 Project Q | Series A | — | Jul 2025 |
 Labrys | Series A | — | Jun 2025 |
 Orasio | Seed | — | May 2025 |
 Alpine Eagle | Seed | $11.0M | Mar 2025 |
 Lendurai | Seed | — | Jan 2025 |
| Project Q | Unknown | — | Jan 2025 |
 Segmed | Series A | $10.4M | Sep 2024 |
| SSegmed Ai | Series A | $10.4M | Sep 2024 |
 Proof | Pre-Seed | — | Jun 2024 |
| BBotGuard OÜ | Series A | $13M | Mar 2024 |
 Orqa | Seed | — | Jan 2024 |
| Labrys | Seed | $5.5M | Dec 2023 |
 CalypsoAI | Series A | $23M | Jun 2023 |
 Horizon Quantum | Series A | $18.1M | Apr 2023 |
| HHorizon Quantum Computing | Series A | $18.1M | Jan 2023 |
 Comand AI | Seed | — | — |
 Oblivious | Seed | — | — |
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Top Co-Investors
Superangel5 shared
Project A4 shared
True Ventures4 shared
Eurazeo3 shared
Frst3 shared
Lightspeed Venture Partners3 shared
private angel investors3 shared
Blumberg Capital2 shared
Nina Capital2 shared
iGan Partners2 shared
Y Combinator2 shared
RTP Global2 shared
Step Function2 shared
Bek Ventures2 shared
Tencent Investment2 shared
SGInnovate2 shared
Pappas Capital2 shared
Peak XV Partners2 shared
MD One Ventures2 shared
Marquee Ventures2 shared
Last updated: 20 October 2026