Fundraising Fox

Expeditions

Venture capital

Warsaw · Seed–Series B · 8 people tracked

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Investment thesis

Expeditions backs early-stage startups at the intersection of security and deep technology, with a focus on Europe. Founded by researchers and pioneers in the future of warfare and defence, the firm argues that Europe faces mounting threats — war on its borders, energy dependency, technology gaps, cyberattacks, disinformation and drone warfare — that demand urgency. It believes closer civil-military collaboration can spark a new industrial renaissance, fusing Europe's defence needs with its talent and entrepreneurial energy. Expeditions aims to break down institutional resistance and drive policy changes so exceptional European founders can build the architecture of Europe's security and restore its economic and strategic power.

Source: firm website, verified Aug 7, 2026.

Stage
Seed–Series B
HQ
Warsaw, PL
Leads rounds
Leads
Instruments
Equity
Founded
2021
Last 12 months
4 investments
Tracked investments
62

Team · 8 people

from the firm's website & public directories

What they invest in

from 32 of 62 portfolio companies

AI & Machine Learning ×19Defense Tech ×14Cybersecurity ×10Hardware ×8Data & Infrastructure ×7Deep Tech ×7Robotics ×6Enterprise Software ×4

HQs:United States×4Canada×2United Kingdom×2Germany×1France×1Ireland×1

Investments · 62 tracked

founders shown can be your intro path

By year:2026 · 42022 · 12021 · 16 dated

Alpine Eaglealpineeagle.comin

Alpine Eagle develops Sentinel, an airborne counter-UAS (c-UAS) system that integrates multi-sensor detection, fire control, and strike into a single networked platform for air-to-air defence against autonomous drone threats.

Defense TechHardwareRobotics

Co-investorsHCVCGeneral CatalystIQ Capital

AMI Labsamilabs.xyz

AMI Labs develops advanced AI systems that understand the real world through world models and action-conditioned architectures, enabling intelligent agents with persistent memory, reasoning, and safety controls for industrial automation, robotics, and healthcare applications.

AI & Machine LearningDeep TechRobotics

Yann LeCun(Founder)

Co-investorsAglae VenturesAlpha Intelligence CapitalAvenir Growth CapitalDaphnifirstminute capitalGreycroft+15 more

Arsenals AIarsenals.ai

Co-investorsKima VenturesOVNI Capital

Blackwall
Botguardblackwall.comin

Blackwall provides GateKeeper, a high-availability web security and traffic-filtering solution for web hosting and service providers, operating as a reverse proxy with a web application firewall to block L7 DDoS attacks, bots, brute-force attempts, and scraping.

Cloud ComputingCybersecuritySaaS

Co-investorsMMC VenturesTera VenturesDawn Capital LLP

Calypsocalypsoai.comin𝕏acquired by F5

AI & Machine LearningCybersecurityEnterprise Software

Neil Serebryany(Cofounder)

Co-investorsCyber Mentor FundDay One VenturesFrontline VenturesHakluyt CapitalManta Ray VenturesPaladin Capital Group+1 more

Cambridge Aerospacecambridgeaerospace.com

Co-investors7percent VenturesAccelEntropy Industrial CapitalLux Capital9Yards Capital

Comand AI
Comand AI Acquiredcomand.aiin

Comand AI builds Prevail, an AI-native operating workspace for defense and security headquarters that integrates across C2 platforms to support military planning tasks such as mission analysis and terrain analysis while keeping officers in command.

AI & Machine LearningDefense TechGovTech

Co-investorsFrst

Disruptive Industries
Disruptive Industries Acquireddisruptive-industries.ioin

Disruptive Industries is a technology company whose product, Keystone, analyzes open-source intelligence (OSINT) data to surface patterns and hidden insights for risk discovery.

AI & Machine LearningCybersecurityData & Infrastructure

Dominion Dynamicsdefendthedominion.comin𝕏Jun 2026 · $139M

Dominion develops autonomous systems and command-and-control platforms for defense and critical infrastructure operations in remote, harsh environments like the Arctic.

AI & Machine LearningDefense TechWaterloo, CA

Co-investorsOMERS VenturesBessemer Venture PartnersDeloitte VenturesGeorgianLakestarValor Equity Partners

Dominion Dynamicsdominion-dynamics.comin𝕏Jun 2026 · $139M

Dominion Dynamics develops autonomous systems for defense and critical infrastructure operations in remote, infrastructure-constrained environments like the Arctic.

AI & Machine LearningDeep TechDefense TechWaterloo, CA

Eliot Pence(Founder)in

Co-investorsBCIBessemer Venture PartnersGarage CapitalGeorgianLakestarOMERS Ventures+2 more

Dynamicsdynamicsinc.comJun 2026

Cheswick, US

Norman E. O'Shea(VP, Chief Production Officer)Ross C. Wilkin(Chief Financial Officer)John M. Connolly(Director)Joel P. Adams(Director)Jonathan L. Beaver(Chief Architect)Michael Holthouse(Director)

Co-investorsAdams Capital ManagementBessemer Venture PartnersValor Equity Partners

EGIDE
EGIDE Acquiredegide-tech.comin

EGIDE develops mass-deployable, networked effectors for defense, starting with air-defense systems against suicide drones.

AI & Machine LearningDefense TechHardware

Co-investorsHeartcore Capital

Fiat Republicfiatrepublic.comin

Fiat Republic operates a B2B banking infrastructure platform that gives crypto and stablecoin businesses access to fiat currencies through a single API, offering virtual accounts, treasury management, and global payment services (USD SWIFT, SEPA, UK Faster Payments).

Crypto & Web3Data & InfrastructureFintech

Co-investorsFabric VenturesInovo VCSoftBank Investment Advisers’ Emerge ProgramCredo VenturesKraken VenturesPretiosum Ventures+1 more

Frankenburg
Frankenburg Technologiesfrankenburg.techin𝕏

Frankenburg Technologies develops affordable, mass-manufacturable guided interceptor missile systems for land, air, and maritime platforms, aimed at air and missile defence customers.

Advanced ManufacturingDefense TechHardwareRiga, LV

Gambit Cyber
Gambit Cyber Acquiredgambitcyber.orgin

Gambit Cyber offers a Threat Exposure Management platform built on a mesh of AI agents that turn unstructured threat intelligence into structured intel, generate detection analytics for various SIEM formats, emulate attack campaigns for validation, and produce remediation playbooks.

AI & Machine LearningCybersecuritySaaS

Horizon Quantum
Horizon Quantum Acquiredhorizonquantum.comin𝕏

Horizon Quantum builds software infrastructure for quantum computing, including Triple Alpha, an integrated development environment with proprietary programming languages and a compiler that lets developers write portable quantum programs at multiple levels of abstraction.

Deep TechDeveloper ToolsQuantum Computing

Co-investorsSummer CapitalAbies VenturesDCVC (Data Collective)

Januus
Januus Acquiredjanuus.io

Co-investorsDigital Currency GroupMD One Ventures

Labrys
Labrys Acquiredlabrys.techin

Labrys is a defence technology company whose Axiom platform provides a mobile-first system for cryptographically verifying users and media, coordinating distributed teams via live mapping and encrypted messaging, and enabling cross-border crypto payments.

Crypto & Web3CybersecurityDefense Tech

Co-investorsAlbionVCMarque VenturesMD One VenturesProject A VenturesSuperAngel

Laelaps AI
Laelaps AI Acquiredlaelaps.aiin

Laelaps AI develops autonomous security systems built on quadrupedal robots, combining robotics, machine learning, and visual intelligence into a real-time security platform.

AI & Machine LearningCybersecurityRobotics

Sophia(Head of Commercialisation & Strategy)inMaria(Head of Autonomy & Robotics)Rokas(Head of Visual Intelligence & Infrastructure)in

Larx
Larx Acquiredlarx.ioin𝕏

Larx is a data orchestration and fusion platform that unifies imagery, video, sensor data, and contextual information into a single searchable interface for searching, analyzing, and acting on visual data.

AI & Machine LearningData & InfrastructureEnterprise Software

Tad Mielnicki(Founder)in

Co-investorsEvolution VC PartnersFulcrum VentureREFASHIOND Ventures

Lendurai
Lendurai Acquiredlendurai.com

Lendurai develops computer vision and machine learning software that lets unmanned aerial vehicles (UAVs) operate without GNSS or radio control.

AI & Machine LearningDefense TechRobotics

Co-investorsHCVC

LYSK
LYSK Acquiredlysk.aiin

Lysk builds software for defense and military use, focused on turning battlefield voice communications into structured, shareable text.

AI & Machine LearningDeep TechDefense Tech

Mangopay
Mangopay Acquiredmangopay.comin𝕏

Mangopay provides flexible wallet infrastructure and payment solutions for online platforms and marketplaces to manage global money movement.

FintechMarketplacesSaaS

Co-investorsAdvent InternationalNAP

Molecule ONEmolecule.oneinApr 2021

Dover, US

Pawel Wlodarczyk-Pruszynski(Executive Officer, Director)Piotr Byrski(Executive Officer, Director)

BoardDominik Andrzejczuk(Director)

Co-investorsSunfish Partners

Nethone MangoPaynethone.comin𝕏

Nethone provides an AI-powered fraud detection engine that profiles users, fingerprints devices, and analyzes behavior across browsers and mobile to detect fraud and account takeover attempts.

AI & Machine LearningCybersecurityFintech

Co-investors3VC

NU Quantum - companynu-quantum.com

Nu Quantum develops quantum networking solutions to enable commercial quantum computer scaling.

Deep TechHardwareQuantum ComputingCambridge, GB

Dr. Carmen Palacios-Berraquero(Founder and CEO)

Co-investors7percent VenturesAhren Innovation CapitalAmadeus Capital PartnersEMV CapitalIQ CapitalMartlet Capital+4 more

Oblivious
Oblivious Acquiredoblivious.comin𝕏

Oblivious builds privacy-enhancing software that enables organizations to perform secure data collaboration and deploy services while maintaining data sensitivity.

CybersecurityData & InfrastructureEnterprise SoftwareDublin, IE

Jack Fitzsimons(Co-founder)Robert Pisarczyk(Co-founder)

Co-investorsAcurio VenturesFirestreak VenturesNAP

Onodrim
Onodrim Acquiredonodrim.com

Co-investorsAir Street CapitalIron Wolf Capital

Orasio
Orasio Acquiredorasio.comin

Orasio develops European video AI that analyzes video feeds in real time and retrospectively to detect suspicious behavior, incidents, and anomalies and generate contextual alerts, with natural-language search.

AI & Machine LearningCybersecurityGovTech

Co-investorsFrst

Orqaorqafpv.com

Orqa is a vertically integrated drone technology company that designs and manufactures its own components rather than assembling third-party parts, aiming for a secure and scalable supply chain.

Defense TechHardwareRobotics

Co-investorsBooz Allen VenturesDay One CapitalRadius Capital VenturesTaiwania Capital

Peripheryperiphery.securityin

Periphery develops embedded security technology to protect cyber-physical systems in critical infrastructure from sophisticated threats.

AI & Machine LearningCloud ComputingCybersecurityDefense TechDeveloper ToolsIoTLondon, GB

Toby Wilmington(Founder)inKane Ryans(Chief Technology Officer)in

Co-investorsAmadeus Capital PartnersTechstars

Project Q
Project Q Acquiredproject-q.ai

Project Q builds Hydris, an Apache 2.0 open-core control plane that integrates heterogeneous sensors, systems, and effectors across air, land, sea, and space into a single taskable picture and exports to any battle management or C2 system.

Deep TechDefense TechIoTBerlin, DE

Co-investorsProject A VenturesSuperAngel

Segmedsegmed.aiin𝕏Oct 2022

Segmed provides structured, de-identified medical imaging data and multimodal datasets from diverse populations to support research in AI and healthcare.

AI & Machine LearningData & InfrastructureDigital HealthHealthtechMedical DevicesSan Francisco, US

Martin Willemink(Co-founder)inJie Wu(Founder)inMarinus Johannes Willemink(Executive Officer, Director)Wojciech Adam Koszek(Executive Officer, Director)

BoardSebastian Anastassiou(Director)in

Co-investorsBlumberg CapitalMighty CapitalNina CapitalNovaCapitalSouth QuadY Combinator

Sky Spy
Sky Spy Acquiredskyspy.aiin

Sky Spy develops signals intelligence (SIGINT) technology for real-time RF tracking in contested electromagnetic environments on the battlefield.

Deep TechDefense TechHardware

Co-investorsSunfish Partners

Sygaldry
Sygaldry Technologiessygaldry.comin𝕏Mar 2026

Sygaldry develops quantum-accelerated AI servers that combine multiple qubit modalities to speed up training and inference for AI models.

Advanced ManufacturingAI & Machine LearningHardwareQuantum ComputingAnn Arbor, US

Chad Rigetti(Founder)inIdalia Friedson(Founder)in

BoardChristian Garcia(Director)inAndrew Sather(Director)inMichael Keiser(Director)

Co-investorsEarth Venture CapitalGarage CapitalMVP VenturesPage One VenturesQubits VenturesSquareOne Capital+8 more

Synnada
Synnada Acquiredsynnada.aiin𝕏

Synnada is an AI infrastructure company building tools for running persistent, continuously operating agent systems in production, including Mithril (an ML compiler), Tenet (multi-cloud deployment for AI workloads), and Agentia (a runtime for persistent agents).

AI & Machine LearningData & InfrastructureDeveloper Tools

Co-investors500 Emerging Europe

Synthesized Acquiredsynthesized.ioin𝕏

Synthesized creates governed, production-realistic test data from sensitive enterprise systems for software validation, migrations, and AI-agent testing.

AI & Machine LearningData & InfrastructureEnterprise Software

Co-investorsFounders FactoryFounders Factory NYIA Seed VenturesIQ CapitalMundi VenturesDeutsche Bank+3 more

Twin Prime
Twin Prime Acquiredtwinprime.aiin𝕏

Exits · 1

IPOs and acquisitions across the tracked portfolio

Calypsoacq. by F5

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Expeditions made?
Expeditions has 60 tracked investments, 1 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
What stage does Expeditions invest at?
Expeditions invests at the Seed, Series A, Series B stages.
What sectors does Expeditions focus on?
Expeditions focuses on AI & Machine Learning, Cybersecurity, Deep Tech, Defense Tech, Fintech, Hardware, Quantum Computing.
Where is Expeditions located?
Expeditions is headquartered in Warsaw, PL.
Does Expeditions lead rounds?
Yes, Expeditions leads investment rounds.
Who does Expeditions co-invest with?
Expeditions most often shares deals with Amadeus Capital Partners, IQ Capital, OVNI Capital, among 84 tracked co-investors.

Images

Expeditions photoExpeditions photo

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