ted-elvhage
Co-founder of Expansion, the pan-European Aerospace & Defence VC fund; founder of Nordic space-tech VC firm Rymdkapital (2021) and chair of EBAN's Space & Defence Executive Committee.
Ted Elvhage is a General Partner and co-founder of Expansion, a pan-European seed-to-growth fund backing aerospace and defense founders across France, Sweden, and Luxembourg. He founded Rymdkapital in Stockholm in 2021 with Ulf Palmnäs - the first Nordic VC firm dedicated to European space technology - after an early investment in microlauncher startup Pythom Inc. sparked his interest; a 2023 tie-up with Audacia and Starburst expanded Rymdkapital into its current pan-European, Paris/Stockholm structure. Before space investing, he spent roughly two decades as a Nordic angel investor and ecosystem-builder, founding Stockholm angel network Stockholms Affärsänglar Management AB (2008), co-founding microfund E14 Invest (2018), and co-founding/hosting podcast Investpodden.se. He chairs Keiretsu Forum Nordics and EBAN's Executive Committee for Space & Defence, and is reported to have an earlier entrepreneurship/sales background at Pall Norden AB, Kivra AB, and Hewlett-Packard Software.
Overview
- Role
- General Partner & Co-Founder
- Based in
- Stockholm, Sweden
- Prior experience
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Frequently asked
- Who is ted-elvhage?
- Ted Elvhage is a General Partner and co-founder of Expansion, a pan-European seed-to-growth fund backing aerospace and defense founders across France, Sweden, and Luxembourg. He founded Rymdkapital in Stockholm in 2021 with Ulf Palmnäs - the first Nordic VC firm dedicated to European space technology - after an early investment in microlauncher startup Pythom Inc. sparked his interest; a 2023 tie-up with Audacia and Starburst expanded Rymdkapital into its current pan-European, Paris/Stockholm structure. Before space investing, he spent roughly two decades as a Nordic angel investor and ecosystem-builder, founding Stockholm angel network Stockholms Affärsänglar Management AB (2008), co-founding microfund E14 Invest (2018), and co-founding/hosting podcast Investpodden.se. He chairs Keiretsu Forum Nordics and EBAN's Executive Committee for Space & Defence, and is reported to have an earlier entrepreneurship/sales background at Pall Norden AB, Kivra AB, and Hewlett-Packard Software.
- What is ted-elvhage's role?
- ted-elvhage is General Partner & Co-Founder, based in Stockholm, Sweden.
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Sources & citations5
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- 1
Ted Elvhage is a General Partner and co-founder of Expansion, a pan-European seed fund for aerospace and defense founders across France, Luxembourg, and Sweden.
Infoshare: Ted Elvhage (Expansion Ventures) - SpeakerReported2026-08-12 - 2
Ted Elvhage founded Rymdkapital in Stockholm in 2021 with Ulf Palmnas, the first VC firm in the Nordics dedicated to European space technology founders; in 2022 Rymdkapital joined forces with Audacia's Charles Beigbeder and Starburst's Sandra Budimir to launch Expansion Ventures.
Lean SpaceTech: Ted Elvhage - Lean SpaceTechReported2026-08-12 - 3
Ted Elvhage co-founded microfund E14 Invest in 2018, and is co-founder/host of Nordic angel-investing podcast Investpodden.se.
CB Insights: E14 Invest - Predict your next investmentReported2026-08-12 - 4
Expansion Ventures is a pan-European fund with offices in Sweden and France, formed when Rymdkapital joined forces with Audacia's Charles Beigbeder and Starburst's Sandra Budimir.
Actuia: Audacia and Starburst announce the launch of Expansion, a new investment fund dedicated to aerospace and defense start-upsVerified2022-04-12 - 5
The team behind Rymdkapital, co-founded by Ted Elvhage and Ulf Palmnas, started in 2020 with investments in the US-Swedish rocket launcher venture Pythom Inc and the Swedish investment company Space Cowboys AB; Rymdkapital went on to launch as the first Nordic dedicated space-tech VC fund.
Rundfunk Media AB (via Mynewsdesk): A new star in space - the first Swedish and Nordic investment company for space technology is bornVerified2022-04-08