Expeditions
Early-stage European VC investing at the intersection of security and deep tech.
Expeditions is an early-stage venture capital firm founded in 2021 by Dr Mikolaj Firlej and Stanislaw Kastory, based in Warsaw with offices in London and Paris. The firm invests in dual-use deep tech startups at the intersection of security and technology, focusing on cybersecurity, defense & intelligence, autonomy, AI, quantum, privacy, communications solutions, and space. Expeditions has raised over €100M for Fund II (targeting €150M), backed by the NATO Innovation Fund and Polish Development Fund. Portfolio includes Alpine Eagle, Blackwall, Comand AI, Labrys, Nu Quantum, and Lysk. Ticket sizes range from €250K to €5M across pre-seed to Series A.
Overview
- Firm
- Expeditions
- Headquarters
- Warsaw, Poland
- Founded
- 2021
- AUM
- €100M+
- Stages
- Pre-Seed, Seed, Series A
- Thesis
- Early-stage dual-use deep tech at the intersection of security and technology; sectors include cybersecurity, defense, autonomy, AI, quantum, privacy, communications, space.
- Website
- expeditionsfund.com/
Portfolio companies3
- CompanyLyskEuropean defense technology startup building modern software for hostile environments.
- CompanyProject QEuropean defence-tech company building HYDRIS, an open-source, vendor-neutral platform integrating sensors, legacy systems, and C2 for armed forces and security agencies.
- CompanyDominion DynamicsOttawa-based Arctic sensor-network and autonomous-drone maker building Canada's 'defence neoprime.'
Partners0
No linked records yet.
Frequently asked
- What is Expeditions?
- Early-stage dual-use deep tech at the intersection of security and technology; sectors include cybersecurity, defense, autonomy, AI, quantum, privacy, communications, space.
- How much does Expeditions manage?
- Expeditions manages €100M+ in assets, and was founded in 2021.
- What stages does Expeditions invest at?
- Expeditions invests at Pre-Seed, Seed, Series A.
Sources & citations2
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Expeditions is an early-stage European VC founded in 2021; €100M+ Fund II backed by NATO Innovation Fund; portfolio includes Alpine Eagle, Blackwall, Labrys, Nu Quantum, Lysk.
Expeditions: About - Expeditions FundReported2026-06-30 - 2
Expeditions led Project Q's €15M Series A (June 2026), a follow-on after backing the July 2025 seed.
Vestbee: Defence software startup Project Q raises €15M Series A led by ExpeditionsVerified2026-07-15