What investment strategy does Expansion Ventures focus on?

Expansion Ventures focuses on VC strategies in the private equity space.

How many portfolio companies does Expansion Ventures have?

Expansion Ventures has 24 active portfolio companies and 1 completed exit and 1 fund tracked on GP Intel.

Where is Expansion Ventures headquartered?

Expansion Ventures is headquartered in PARIS, France.

What is Expansion Ventures's assets under management?

Expansion Ventures manages approximately €137M in assets under management.

When was Expansion Ventures founded?

Expansion Ventures was founded in 2023.

What sectors does Expansion Ventures invest in?

Expansion Ventures invests across Industrials.

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Expansion Ventures

PARIS, France·Founded 2023·

Venture Capital

·expansion-vc.eu

Expansion Ventures is a Paris and Stockholm-based venture capital firm founded in 2022, managing a €300 million deep-tech fund dedicated to supporting European aerospace and defense startups from pre-seed to Series B stages. The firm focuses on fostering innovation and growth within the aerospace, defense, new space, and new air mobility sectors to strengthen European technological sovereignty.

AUM

€137M

Funds

vintages 2024

Portfolio

Exits

Expansion Ventures is a PARIS venture capital firm with €137M AUM, 24 active companies and 1 exit.

SectorsIndustrials

Sector breakdown

25 companies

Aerospace & Defence

18 · 72%

Industrials

2 · 8%

AI/ML

1 · 4%

Biotech

1 · 4%

AgTech

1 · 4%

Data & Analytics

1 · 4%

TMT

1 · 4%

Geography breakdown

8 geographies

France

15 · 60%

Germany

3 · 12%

Luxembourg

2 · 8%

Spain

1 · 4%

Airvault, France

1 · 4%

Poland

1 · 4%

Finland

1 · 4%

Key facts

HQPARIS, France

Founded2023

Websiteexpansion-vc.eu

Recent exits

Expansion Ventures exited The Exploration Company in 2024 after less than a year.

Coverage notes

1 fund tracked, 25 portfolio companies (24 active · 1 realized). Verified weekly from public filings and deal announcements.

Funds & portfolio

Every fund Expansion Ventures has raised, with its portfolio companies. Hand-checked from public filings.

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

Expansion SLPinvesting

VC2024€137M24 assets1 exits

2024 · 2yr

€137M

Unrealized

24 held

Company	Entry
Aldoria Aerospace & Defence · France	2024
Alta Ares AI/ML · France	2024
Arkadia Space Aerospace & Defence · Spain	2023
Ascendance Flight Technologies Aerospace & Defence · France	2023
Atmos Aerospace & Defence · Germany	2026
C2E Industrials · Airvault, France	–
DcubeD Aerospace & Defence · Germany	2024
EOS Technologies Industrials · France	–
Exobiosphere Biotech · Luxembourg	2024
HyPrSpace Aerospace & Defence · France	2025
Ion-x Aerospace & Defence · France	2022
Latitude Aerospace & Defence · France	2023
Look Up Space Aerospace & Defence · France	2023
Messium AgTech · UK	2025
Miratlas Aerospace & Defence · France	2022
Orbify Data & Analytics · Poland	–
Osmos X Aerospace & Defence · France	2022
ReOrbit Aerospace & Defence · Finland	2025
Skynopy Aerospace & Defence · France	2025
Space Cargo Unlimited Aerospace & Defence · Luxembourg	2025
U-Space Aerospace & Defence · France	–
Univity Aerospace & Defence · France	2026
WaltR TMT · France	–
Zephalto Aerospace & Defence · France	2023

Realized

1 exit

Company	Entry	Exit	Type	Buyer	MOIC
The Exploration Company Aerospace & Defence · Germany	2024	2024	Secondary	–	–

About Expansion Ventures

Expansion Ventures is a Paris and Stockholm-based venture capital firm with €300 million of deep-tech fund capital under management, founded in 2022 and dedicated to supporting European aerospace and defense startups from pre-seed to Series B stages. The firm focuses on fostering European technological sovereignty in strategic aerospace and defense verticals.

Investment thesis

Expansion Ventures targets European aerospace and defense technology startups at pre-seed through Series B stages, with sector focus on space technology, defense innovation, dual-use technology applications and selective adjacent industrial technology verticals. The pan-European Paris-Stockholm footprint enables deal sourcing across Western European and Nordic aerospace and defense ecosystems. The strategic sovereignty thematic mandate distinguishes Expansion from generalist deep tech peers.

Recent activity

The platform tracks a single dedicated fund vehicle and 24 active portfolio companies across the aerospace and defense early-stage programme. As a recently launched platform (2022 founding), Expansion Ventures is in active deployment phase with realised exits expected to materialise as portfolio companies mature.

Frequently asked questions

What investment strategy does Expansion Ventures focus on?: Expansion Ventures focuses on VC strategies in the private equity space.
How many portfolio companies does Expansion Ventures have?: Expansion Ventures has 24 active portfolio companies and 1 completed exit and 1 fund tracked on GP Intel.
Where is Expansion Ventures headquartered?: Expansion Ventures is headquartered in PARIS, France.
What is Expansion Ventures's assets under management?: Expansion Ventures manages approximately €137M in assets under management.
When was Expansion Ventures founded?: Expansion Ventures was founded in 2023.
What sectors does Expansion Ventures invest in?: Expansion Ventures invests across Industrials.