Expeditions Fund II is the second fund of Warsaw-based Expeditions, closed at 197 million euros to back early-stage founders building defence and dual-use technologies across Europe.
Warsaw, Masovian Voivodeship, PL · Founded 2021
The fund is backed by institutional investors including the NATO Innovation Fund, BAE Systems, the European Investment Fund, the Polish Development Fund and Keysight Technologies, and targets companies addressing Europe's critical defence capability gaps.
Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
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Stage Mix
Concentration shown as share of disclosed investments by stage.
Primo Space 2 is the successor to Primo Capital's first space-focused fund, targeting 120 million euros to invest in European companies building space economy and dual-use technologies.
Resist 2.0 is an Estonia-based fund from Resist.UA targeting up to 50 million euros to scale Ukrainian defence and dual-use technology companies.
Acurio Secondaries I FCR is a Bilbao-based Acurio Ventures vehicle closed at 115 million euros to invest in European venture capital fund secondaries.
Orbit Growth Debt Fund II is a Prague-based Orbit Capital vehicle closed at 107 million euros to provide growth debt to post-Series A technology companies across Central and Eastern Europe and the DACH region.
Nucleo Ventures Fund is a Cluj-Napoca-based early-stage vehicle of 34 million euros backing startups and SMEs across Romania and Central and Eastern Europe.
Scaleup Europe Fund is an EQT-managed fund designed to invest in European companies from Series B through pre-IPO stages.
be-exponential is an investment fund focusing on high-tech startups with potential for exponential growth and global scalability. They target B2B, smart mobility solutions, EV and green energy, Software-as-a-Service (SaaS), and other innovative tech products. The firm invests in promising startups from seed to scale stages, emphasizing founder personalities, team strength, and business model potential.
2xN is a London-based quantum-inspired early-stage venture capital fund. The firm focuses on investing in startups leveraging quantum technologies and network effects. While specific investment sizes are not disclosed, 2xN typically participates in early funding rounds for emerging companies.
Primo Space 2 is the successor to Primo Capital's first space-focused fund, targeting 120 million euros to invest in European companies building space economy and dual-use technologies.
Resist 2.0 is an Estonia-based fund from Resist.UA targeting up to 50 million euros to scale Ukrainian defence and dual-use technology companies.
Acurio Secondaries I FCR is a Bilbao-based Acurio Ventures vehicle closed at 115 million euros to invest in European venture capital fund secondaries.
Orbit Growth Debt Fund II is a Prague-based Orbit Capital vehicle closed at 107 million euros to provide growth debt to post-Series A technology companies across Central and Eastern Europe and the DACH region.
Nucleo Ventures Fund is a Cluj-Napoca-based early-stage vehicle of 34 million euros backing startups and SMEs across Romania and Central and Eastern Europe.
Scaleup Europe Fund is an EQT-managed fund designed to invest in European companies from Series B through pre-IPO stages.
be-exponential is an investment fund focusing on high-tech startups with potential for exponential growth and global scalability. They target B2B, smart mobility solutions, EV and green energy, Software-as-a-Service (SaaS), and other innovative tech products. The firm invests in promising startups from seed to scale stages, emphasizing founder personalities, team strength, and business model potential.
2xN is a London-based quantum-inspired early-stage venture capital fund. The firm focuses on investing in startups leveraging quantum technologies and network effects. While specific investment sizes are not disclosed, 2xN typically participates in early funding rounds for emerging companies.