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VC FundAllocates capital directlyActive · deal in last 18 monthsLAST VERIFIED Oct 2026 · 14 SOURCES

Expansion Ventures

Exclusively controlled and fully consolidated by Audacia since a voting agreement of 9 April 2025 (49.14% of voting rights, 20% economic interest); fund launched as New Space Expansion by Audacia in 2022 Audacia

Also known as Expansion, Expansion VC, Expansion Venture Capital, Expansion SLP, New Space Expansion

Paris/Stockholm early-stage VC for European aerospace and defence tech; pre-seed to Series B, first tickets €0.5–2M; Expansion SLP first tranche €137M (Jan 2025) backed by insurers, banks and the EIF.

HEADQUARTERS
Paris, France
FOUNDED
—
AUM
—
OUTSIDE CAPITAL
Yes
TEAM LISTED
6 people

FOCUS

STAGES
Pre-SeedSeedSeries ASeries B
SECTORS
SpaceDeep TechArtificial IntelligenceIndustrial & Manufacturing
ASSET MIX
Venture capital
GEOGRAPHY
Europe

WHAT IT IS

VC Fund. A fund manager investing capital raised from limited partners into startups.

ABOUT

Expansion Ventures is a Paris-based venture capital management company (AMF-authorised in 2024) with offices in Paris and Stockholm, investing in European aerospace and defence startups from pre-seed to Series B. Its fund Expansion SLP closed a first tranche of €137M, backed by insurers, banks and the European Investment Fund, with a €200M final-close target. Its site lists 24 investments and one exit. It belongs to Charles Beigbeder's Audacia group, which has controlled it since April 2025.

INVESTMENT THESIS

Space and defence technology in Europe: satellite systems and constellations, space data and applications, in-orbit services and infrastructure, C4ISR and secure communications, AI for defence systems, and robotics and autonomous systems with dual civil/defence use. First tickets €0.5–2M.

PORTFOLIO (15)

  • Univity
    Space · since 2022
  • Atmos Space Cargo
    Space · since 2021
  • Alta Ares
    Artificial Intelligence · since 2025
  • ExoBiosphere
    Space · since 2024
  • Reorbit
    Space · since 2019
  • HyPrSpace
    Space · since 2019
  • Arkadia
    Space · since 2020
  • Aldoria
    Space · since 2017
  • Look Up
    Space · since 2022
  • Latitude
    Space · since 2019
  • Ion-X
    Space · since 2021
  • Skynopy
    Space · since 2023
  • Messium
    Space · since 2023
  • EOS Technologies
    Industrial & Manufacturing · since 2019
  • The Exploration Company
    Space · since 2021 · exited

TEAM

LINKS

FAQ

Expansion Ventures is a VC fund based in Paris, France.

Yes. Expansion Ventures invests directly in private companies.

Expansion Ventures invests at Pre-Seed, Seed, Series A and Series B stages in Space, Deep Tech, Artificial Intelligence and Industrial & Manufacturing.

Expansion Ventures's stated ticket size is €500K–€2M.

Key people at Expansion Ventures include Charles Beigbeder (General Partner), Ted Elvhage (General Partner), Ulf Palmnäs (Venture Partner) and Maxime Rovere (Investment Director).

Expansion Ventures's investments include Univity, Atmos Space Cargo, Alta Ares, ExoBiosphere, Reorbit, HyPrSpace, Arkadia and Aldoria, among others.

The most recent publicly reported investment by Expansion Ventures is Univity (Series A (€27M; participant)), announced in Apr 2026.

Expansion Ventures states that it accepts submissions through its official contact page.

Yes. Expansion Ventures manages capital from outside investors.