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Expansion Ventures

Venture capital

Paris · Pre-Seed–Series B · 6 people tracked

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Investment thesis

Expansion is a European DeepTech fund investing in Sustainable Aerospace & Defence, aiming to strengthen Europe's long-term technological sovereignty and resilience. It backs entrepreneurs from pre-seed to Series B across satellite systems and constellations, space data and applications, in-orbit services and infrastructure, C4ISR and secure communications, AI-driven defence systems, and robotics and autonomous dual-use systems. Beyond capital, the firm provides deep sector expertise, strategic insight, and long-term support to help companies navigate demanding industrial environments.

Source: firm website, verified Sep 27, 2026.

Stage
Pre-Seed–Series B
HQ
Paris, FR
Instruments
Equity
Last 12 months
1 investment
AUM
$156M
Tracked investments
36

Team · 6 people

from the firm's website
Charles Beigbeder· General Partnerin
Benjamin Pavie· Investment Managerin
Maxime Rovere· Investment Directorin
Ulf Palmnäs· Venture Partnerin
Charles Gueudet· Associatein

What they invest in

from 25 of 36 portfolio companies

Space Tech ×19Deep Tech ×18Hardware ×12Defense Tech ×6AI & Machine Learning ×5Climate Tech ×3Cleantech ×2Developer Tools ×2

HQs:France×14Germany×3Finland×1United Kingdom×1

Who they back

founder profiles across 14 portfolio companies
21%
solo founders
3 of 14 mapped founding teams
18%
repeat founders
of 22 founders with career history

Founding team size:solo founder×32 founders×63 founders×24+ founders×3

Where their founders studiedfrom 22 founders with education data

International Space University ×3ISAE-SUPAERO ×2

What their founders studiedfrom 20 founders with field-of-study data

Engineering ×9Business & Management ×5Computer Science ×4Physics ×2

Where their founders worked beforefrom 22 founders with career history

Airbus ×6Airbus Defence and Space ×4CNES ×2Klaus Space Transportation GmbH ×2Loft Orbital ×2Offworld ×2

5 founders hold a PhD · 1 hold an MBA (of 22 with degree data)

Investments · 36 tracked

founders shown can be your intro path

By year:2026 · 12025 · 12022 · 13 dated

Aldoriaaldoria.comin𝕏

Aldoria develops space surveillance technology for Space Situational Awareness (SSA) and Space Traffic Management (STM), serving governments, space agencies, institutions, and commercial satellite operators.

Deep TechDefense TechSpace Tech

Romain Lucken(CEO & Co-founder)inDamien Giolito(Co-founder)in

PartnerTed Elvhage· solo GP

Co-investorsStarquest CapitalWind VentureBpifranceEICEuropean Innovation Council Fund

Alta Aresaltaares.comin

Alta Ares builds an AI stack for autonomous air defense and ISTAR, including counter-drone interceptor effectors, an ISR product suite, and mission management software designed for contested, GNSS-denied environments.

AI & Machine LearningDefense TechRoboticsParis, FR

Alain Henry(Founder)Hadrien Canter(Founder)Stanislas Walch(Founder)Théo Bondarec(Founder)

PartnerTed Elvhage· solo GP

Co-investorsAir Street CapitalApeiron Venture CapitalCherry VenturesHarpoon VenturesKima VenturesOTB Ventures+5 more

Arkadiaspacearkadiaspace.com

PartnerTed Elvhage· solo GP

Co-investorsDraper B1

Ascendanceascendance-ft.comin

Ascendance develops hybrid-electric propulsion systems for next-generation aircraft and unmanned aerial vehicles, serving civil and defence operators seeking improved range, efficiency, and reduced environmental impact.

CleantechDeep TechDefense TechEnergyMobility & TransportationToulouse, FR

Jean-Christophe Lambert(CEO)inThibault Baldivia(Founder)in

PartnerTed Elvhage· solo GP

Co-investorsKima VenturesBpifranceSnaw ventures

Ascendance Flight Technologiesascendance.aero

Benoît Ferran(Founder)Clément Dinel(Founder)Jean-Christophe Lambert(Founder)Thibault Baldivia(Founder)

Co-investorsM Capital Partners

ATMOSatmos-space-cargo.comin𝕏Apr 2026

ATMOS Space Cargo develops and operates reusable spacecraft and return systems for space logistics, offering controlled access to low Earth orbit and recovery capabilities.

Deep TechHardwareLogistics & Supply ChainSpace TechStrasbourg, DE

Sebastian Klaus(Co-Founder, Chief Executive Officer)inMarta Oliveira(Co-Founder, Chief Operations Officer)inJeffrey Hendrikse(Co-Founder, Chief Technical Officer)inChristian Grimm(Founder)inDR.–ING. CHRISTIAN GRIMM(Co-Founder, Chief Engineering Officer)

PartnerTed Elvhage· solo GP

Co-investorsAmadeus Capital Partnersanother.vcAPEX VenturesBalnord Sp. z o.o.E2MC VenturesFaber+8 more

Dcubeddcubed.spacein𝕏

DcubedD builds space technology products.

Deep TechHardwareSpace TechGermering, DE

PartnerTed Elvhage· solo GP

Co-investorsAurelia FoundryBayBG Venture Capital

Eos Technologieeos-technologie.comin

EOS Technologie is a French manufacturer of reconnaissance and tactical drones, as well as remotely operated munitions systems.

Defense TechHardwareRoboticsNot stated, FR

PartnerTed Elvhage· solo GP

Exobiosphereexobiosphere.cominApr 2025

Exobiosphere is building a standardized space-based high-throughput testing platform that lets pharma and biotech partners run automated experiments in orbit, using microgravity combined with lab automation and bioinformatics to create more physiologically relevant 3D biology models.

BiotechDeep TechSpace Tech

Kyle Acierno(Co-Founder & Chief Executive Officer)inBruno Santos(Co-Founder & Director of R&D)inOlivia Borgue(Co-Founder & Director of Engineering)in

PartnerTed Elvhage· solo GP

Co-investorsExpon Capital

Hypr Spacehypr-space.comin𝕏

HyPrSpace develops a scalable hybrid rocket engine based on patented hybrid propulsion technology, aiming to provide Europe with a cost-effective and sovereign launch capability.

Deep TechHardwareSpace Tech

PartnerTed Elvhage· solo GP

Co-investorsAngular VenturesRed River West

Ion Xion-x.spacein

ION-X develops electric ion thrusters for spacecraft propulsion, specifically a plug-and-play 1U system called HALO-100X designed for satellite missions.

Deep TechHardwareSpace TechSaclay, FR

Jacques Giérak(Professor)

PartnerTed Elvhage· solo GP

Co-investorsTechnoFoundersBpifrance

Latitudelatitude.euin𝕏

Latitude develops launch vehicle technology to provide access to orbit, positioning itself in the European spaceflight industry.

Deep TechHardwareSpace TechReims, FR

PartnerTed Elvhage· solo GP

Co-investorsBlast.ClubNano VenturesCoinbase VenturesFactionNew Enterprise Associates (NEA)Paxos+1 more

Latitude datalatitude.soin𝕏

Latitude provides monitoring and debugging tools for AI agents in production, analyzing conversation sessions to identify failures and automatically dispatching coding agents to implement fixes.

AI & Machine LearningDeveloper ToolsEnterprise Software

Brian Wrightson(Founder)Cesar Miguelanez(Founder)Corentin Coste(Founder)Cyril Mathew(Founder)Gerard Clos(Founder)Ilan Saidi-Bekerman(Founder)

Co-investorsSur VenturesFactionNew Enterprise Associates (NEA)

Ligne8ligne8.studioin

Ligne8 Studio is a product and AI design studio that builds digital products including mobile applications, web platforms, SaaS systems, and AI experiences.

AI & Machine LearningDeveloper ToolsSaaS

François Mari(Co-founder)in

PartnerTed Elvhage· solo GP

Look Up Spacelookupspace.comin

Lookup Space is a space company whose team page lists its leadership across operations, engineering, product, and commercial functions.

Deep TechDefense TechSpace TechParis, FR

Michel Friedling(Co-Founder & CEO)inJuan Carlos Dolado(Co-founder)inJuan Carlos Dolado Pérez(Co-Founder & Chief Strategy and Innovation Officer (CSIO))inAlban de Crémiers(General Manager)inGilles Tétin(VP Operations)inFrançois-Xavier Fenet(VP Engineering)in

PartnerTed Elvhage· solo GP

Co-investorsCapDecisif ManagementETF PartnersKaristaKfundMIG Capital AG

Messium Seedmessium.co.uk

Messium uses satellite hyperspectral imaging (160 wavelengths at 5m resolution) and AI trained on lab samples to measure crop nitrogen levels and generate variable-rate fertiliser application maps.

AgTechAI & Machine LearningSpace TechLondon, GB

George Gilks(CEO & Co-founder)inVishal Soomaney Vijaykumar(CTO & Co-founder)in

PartnerTed Elvhage· solo GP

Co-investorsEntrepreneur FirstFuture Planet CapitalNewland SyndicateTrellis Road I Fund ABUK Innovation & Science Seed FundSuperSeed

Miratlasmiratlas.comin𝕏

Miratlas builds Sky Monitor instruments and provides data for the collection, processing, and forecasting of optical atmospheric data, measuring atmospheric turbulence for space and astronomical organizations such as ESA, NASA, DLR, ONERA, and CNES.

Climate TechDeep TechHardwareSpace Tech

Jean-Edouard CommunalinFrédéric JabetinKarine Chevalier

PartnerTed Elvhage· solo GP

Co-investorsKaristaCapDecisif Management

Orbifyorbify.comin𝕏

Orbify offers a satellite intelligence platform that monitors vegetation threats, climate risks, and infrastructure changes for energy markets and the environmental sector.

AI & Machine LearningClimate TechEnergySpace Tech

Jakub Dziwiszin

PartnerTed Elvhage· solo GP

Co-investorsGGFGreen Generation FundRymdkapitalInnovation Norway

Osmos Xosmos-x.comin

OSMOS X develops ion propulsion and plasma-based systems for reusable, high-efficiency orbital vehicles aimed at satellite transportation, in-orbit servicing, and space debris mitigation.

Deep TechHardwareLogistics & Supply ChainSpace TechBruz, FR

Arnaud Masson(CEO)inMatthieu Cavellier(CEO)in

PartnerTed Elvhage· solo GP

PetPairpetpair.coSep 2022

PetPair is an Austin-based, foster-powered marketplace connecting animal shelters, volunteer fosters and adopters nationwide.

Aanandh Chandrasekar(Cofounder)Daniel Miyares(Cofounder)

Co-investorsBling CapitalExpansion Venture CapitalGreat Oaks Venture CapitalNewlin VenturesDivide by ZeroForum Ventures

ReOrbitreorbit.spacein

ReOrbit designs and manufactures advanced LEO and GEO satellites for connectivity, communication, and orbital intelligence, serving military, civil, and national security customers globally.

Deep TechDefense TechHardwareSpace TechHelsinki, FI

Sethu Saveda Suvanam(Founder)in

PartnerTed Elvhage· solo GP

Co-investorsIcebreakerInventureRymdkapitalSeraphim Space10x FoundersInventure

Skynopyskynopy.comin

Skynopy operates an end-to-end ground station service that connects satellites to the cloud, using a hybrid network of timeshared antennas and its own proprietary ground stations orchestrated through a platform with virtualized modem technology.

Cloud ComputingDeep TechSpace Tech

Pierre Bertrand(CEO)inAntonin Hirsch(CTO)in

PartnerTed Elvhage· solo GP

Co-investorsBetter AngleHeartcore CapitalKima VenturesAlven

Space Cuspace-cu.comin𝕏

Space Cargo Unlimited builds a multi-platform ecosystem for in-space manufacturing and research in Low Earth Orbit, including its BentoBox payload system and REV1 reusable orbital return vehicle.

Advanced ManufacturingDeep TechSpace Tech

PartnerTed Elvhage· solo GP

The Exploration Companyexploration.spacein

The Exploration Company develops reusable space transportation infrastructure, including a capsule system for space station logistics and rocket engines.

Deep TechHardwareSpace TechGermany, DE

Hélène Huby(Founder)inJon Reijneveld(Founder)inArtur Koop(Founder)Jean-Philippe Reijneveld(Founder)Pierre Vinet(Founder)Sebastien Reichstadt(Founder)

PartnerTed Elvhage· solo GP

Co-investorsAtomicoBalderton CapitalBayern KapitalBessemer Venture PartnersCherry VenturesDeepTech & Climate Fonds+15 more

U Spaceu-space.frin

U-Space develops a 16U CubeSat platform with low electromagnetic noise, advanced pointing precision, and thermal regulation for satellite payloads.

Deep TechHardwareSaaSSpace Tech

Fabien Apper(co-fondateur & CEO)

PartnerTed Elvhage· solo GP

Co-investorsBlast.Club

Univityunivity.globalin𝕏

UNIVITY provides technology that enables telecom operators to deliver universal, high-performance connectivity, with a focus on space-based operations.

Deep TechHardwareSpace Tech

PartnerTed Elvhage· solo GP

Co-investorsBlast.Club

WaltRwaltr.frin

Waltr provides environmental data solutions, including an Aircraft Emission Tracker that measures aircraft engine emissions to help airports and aviation operators improve environmental and operational performance.

CleantechClimate TechData & Infrastructure

eric pequignotin

PartnerTed Elvhage· solo GP

Zephaltozephalto.comin𝕏

Zephalto develops stratospheric balloon flights to carry passengers to near-space, working in partnership with the French space agency CNES for its balloon technology.

Deep TechSpace TechTravel & Hospitality

Vincent Farret d'Astiès(Founder)inVincent Farret d’Astiès(Founder)

PartnerTed Elvhage· solo GP

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

ArkadiaArkadia SpaceLook UpMessiumSpace CargoSpace Cargo Unlimited

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Expansion Ventures made?
Expansion Ventures has 36 tracked investments, including 2 dated in the last 24 months.
What stage does Expansion Ventures invest at?
Expansion Ventures invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does Expansion Ventures focus on?
Expansion Ventures focuses on AgTech, AI & Machine Learning, Deep Tech, Defense Tech, Robotics, Space Tech.
Where is Expansion Ventures located?
Expansion Ventures is headquartered in Paris, FR.
Does Expansion Ventures lead rounds?
Expansion Ventures has led 3 of the 4 rounds where its role is on record.
Who does Expansion Ventures co-invest with?
Expansion Ventures most often shares deals with Blast.Club, Kima Ventures, Rymdkapital, among 55 tracked co-investors.

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