Expansion Ventures
Venture capitalParis · 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.
Team · 6 people
from the firm's websiteWhat they invest in
from 25 of 36 portfolio companiesSpace 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 companiesFounding 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 pathBy year:2026 · 12025 · 12022 · 13 dated
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 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
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
Benoît Ferran(Founder)Clément Dinel(Founder)Jean-Christophe Lambert(Founder)Thibault Baldivia(Founder)
Co-investorsM Capital Partners
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
DcubedD builds space technology products.
Deep TechHardwareSpace TechGermering, DE
PartnerTed Elvhage· solo GP
Co-investorsAurelia FoundryBayBG Venture Capital
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
PartnerTed Elvhage· solo GP
Co-investors4impact capitalAct Venture CapitalACT Venture CapitalAmadeus Capital SAAngel Physicians FundAnkur Capital+69 more
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
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-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
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 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)
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
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 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
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
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
PartnerTed Elvhage· solo GP
Co-investorsGGFGreen Generation FundRymdkapitalInnovation Norway
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
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
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
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 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 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-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
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
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
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 companiesExobiosphere · eu-startups.com · Aug 11, 2026
ReOrbit · techfundingnews.com · Jun 26, 2026
Alta Ares · finsmes.com · Jun 10, 2026
ATMOS · eu-startups.com · Apr 22, 2026
Skynopy · finsmes.com · Jul 1, 2025
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.
Media · Podcasts & interviews
featuring the teamImages
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