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Expeditions Fund

Europe, Mazowieckie, Poland, Warsaw

Description

Expeditions Fund is a Warsaw, Poland-based venture capital firm established in 2021, dedicated to investing in early-stage technology companies on a global scale. The fund positions itself as a long-term and patient partner, emphasizing its commitment to supporting founders beyond initial capital injection. Their investment thesis centers on disruptive technologies, with a particular focus on deep-tech, artificial intelligence (AI), and Software-as-a-Service (SaaS) solutions that have the potential to reshape industries. This broad yet focused approach allows them to identify promising ventures across various geographies and technological domains.

The fund's typical investment strategy involves providing initial cheques ranging from $250,000 to $1,500,000. This range indicates their sweet spot for seed and early-stage rounds, where capital can significantly impact a startup's early development and market entry. Since its inception, Expeditions Fund has built a diverse portfolio, which includes approximately 10 to 11 companies, according to their official website and public databases. Notable investments include Synerise, an AI-driven platform, and Inuru, a company focused on OLED technology.

Expeditions Fund's operational base in Warsaw provides a strategic advantage, leveraging the growing tech ecosystem in Central and Eastern Europe while maintaining a global outlook. The firm is led by Managing Partner Paweł Majtkowski and Partner Piotr Majtkowski, who guide its investment decisions and portfolio support initiatives. Their commitment to being a patient partner suggests a hands-on approach, providing strategic guidance and network access to their portfolio companies, aiming for sustainable growth and long-term success rather than quick exits.

Investor Profile

Expeditions Fund has backed more than 29 startups, with 7 new investments in the last 12 months alone. The firm has led 6 rounds, about 21% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Pre Seed rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, Estonia.
  • Strong thematic focus on Software, Information Technology, Artificial Intelligence (AI).
  • Led 2 rounds in the past year.
  • Typical check size: $250K – $1.5M.

Stage Focus

  • Seed (45%)
  • Series A (28%)
  • Pre Seed (14%)
  • Series B (7%)
  • Convertible Note (3%)
  • Non Equity Assistance (3%)

Country Focus

  • United Kingdom (38%)
  • United States (24%)
  • Estonia (14%)
  • Poland (7%)
  • France (7%)
  • Ireland (3%)
  • Singapore (3%)
  • Germany (3%)

Industry Focus

  • Software
  • Information Technology
  • Artificial Intelligence (Ai)
  • Cyber Security
  • Machine Learning
  • Saas
  • National Security
  • Fintech
  • Insurance
  • Insurtech
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Expeditions Fund frequently co-invest with?

Lockheed Martin Ventures
North America, Maryland, United States, Bethesda
Co-Investments: 2
Atmos Ventures
North America, California, United States, Palo Alto
Co-Investments: 2
MMC Ventures
Europe, England, United Kingdom, London
Co-Investments: 2
MO
Europe, England, United Kingdom, London
Co-Investments: 2
Paladin Capital Group
North America, District of Columbia, United States, Washington
Co-Investments: 2
Project A Ventures
Europe, Berlin, Germany, Berlin
Co-Investments: 2
MV
North America, California, United States, San Francisco
Co-Investments: 2
Tera Ventures
Europe, Harjumaa, Estonia, Tallinn
Co-Investments: 3
Amadeus Capital Partners
Europe, Cambridgeshire, United Kingdom, Cambridge
Co-Investments: 2
IQ Capital
Europe, Cambridgeshire, United Kingdom, Cambridge
Co-Investments: 3

Which angels does Expeditions Fund often collaborate with?

SG
North America, New York, United States, New York
Shared Deals: 1
WS
Europe, England, United Kingdom, London
Shared Deals: 1
BS
North America, Tennessee, United States, Nashville
Shared Deals: 1
MZ
North America, United States
Shared Deals: 1
AW
North America, California, United States, San Francisco
Shared Deals: 1
AH
North America, California, United States, San Francisco
Shared Deals: 1
WB
Europe, England, United Kingdom, London
Shared Deals: 1
SL
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 2
WM
Europe, England, United Kingdom, London
Shared Deals: 1
SW
North America, California, United States, Mountain View
Shared Deals: 1

What are some of recent deals done by Expeditions Fund?

Project Q

Atlanta, Georgia, United States

Project Q is an ultra-fast, super accurate qualification tool to capture customer needs.

Information Technology
SeedJul 28, 2025
Amount Raised: $8,715,377
Lendurai

Tallinn, Harjumaa, Estonia

Lendurai provides solutions to enable UAVs to operate without satellite navigation or remote control.

SeedJun 5, 2025
Amount Raised: $6,376,281
Labrys Technologies

London, England, United Kingdom

SaaS, Mobile App, Payments; Global Network Management System

Artificial Intelligence (AI)CryptocurrencyInformation TechnologyNational SecuritySaaS
Series AJun 3, 2025
Amount Raised: $20,000,000
Orasio

Paris, Ile-de-France, France

Orasio is an AI tool that designs solutions capable of detecting, situations in video streams, for internal security forces.

Generative AIInformation TechnologyInternet
SeedMay 15, 2025
Amount Raised: $17,907,287
BlackWall

Tallinn, Harjumaa, Estonia

Blackwall is a cybersecurity company offering bot mitigation and web security solutions for hosting and managed services.

Artificial Intelligence (AI)Cyber SecurityNetwork SecuritySoftware
Series BMar 13, 2025
Amount Raised: $48,961,047
Alpine Eagle

Munich, Bayern, Germany

Alpine Eagle is a mix of software and hardware focused on cost efficiency.

Software
SeedMar 5, 2025
Amount Raised: $10,885,414
Comand AI

Paris, Ile-de-France, France

Comand AI is a defense and security software developing AI-powered command solutions for defense operations.

Artificial Intelligence (AI)GovernmentMilitaryNational SecuritySoftware
SeedDec 16, 2024
Amount Raised: $8,939,455
Segmed

Palo Alto, California, United States

Segmed is a RWE governance platform that provides clinical data and medical imaging for platform solutions.

Artificial Intelligence (AI)Cloud Data ServicesHealth CareMachine LearningMedical
Series ASep 3, 2024
Amount Raised: $10,400,000
Proofs

New York, New York, United States

Proofs enable companies with APIs to build proof-of-concept (PoCs) and integrations for their prospects in minutes.

Pre SeedJun 18, 2024
Amount Raised: $2,574,234
Disruptive Industries™

London, England, United Kingdom

Disruptive Industries (DI) is a technology company that builds threat detection systems.

Commercial InsuranceCyber SecurityGovernmentHomeland SecurityInformation TechnologyInsuranceInsurTechMilitaryNational Security
SeedJun 1, 2024
Amount Raised: $3,750,000