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Expeditions Fund is a venture capital firm that invests in early-stage startups at the intersection of security and deep technology, focusing on areas like cybersecurity, defense, AI, quantum computing, and space. The firm provides patient capital and industry expertise to founders, aiming to advance Europe's deterrence policies and technological sovereignty through dual-use technologies.
Deal activity increased 100% year-over-year (4 deals in the last 12 months). Their most common stage is series-a (45% of deals). Average disclosed round size is $11.4M (across 11 rounds with reported amounts).
Portfolio
11
Fund Size
$200M
Top Stage
Series A
Last 12 Mo
4
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
11 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| GGambit Cyber | Seed | $3.4M | Dec 2025 |
 Project Q | Series A | $7.5M | Jul 2025 |
 Labrys | Unknown | $17.5M | Jun 2025 |
| OOrasio | Seed | $16M | May 2025 |
 Segmed, Inc. | Series A | $10.4M | Sep 2024 |
 Proofs | Pre-Seed | $2.4M | Jun 2024 |
| BBotGuard OÜ | Series A | $13M | Mar 2024 |
| LLabrys Technologies | Seed | $5.5M | Dec 2023 |
 CalypsoAI | Series A | $23M | Jun 2023 |
 Horizon Quantum Computing | Series A | $18.1M | Apr 2023 |
 Comand AI | Seed | $8.5M | — |
Top Co-Investors
Project A Ventures3 shared
Marquee Ventures2 shared
Frst2 shared
Superangel2 shared
MD One1 shared
Expedition Growth Capital1 shared
Eurazeo1 shared
Paladin Capital Group1 shared
Lockheed Martin Ventures1 shared
Plural1 shared
AlbionVC1 shared
MMC Ventures1 shared
Tera1 shared
Y Combinator1 shared
iGan Partners1 shared
Advocate Health1 shared
Nina Capital1 shared
Blumberg Capital1 shared
Earlybird Digital East1 shared
Step Function1 shared
Last updated: 16 April 2026