Expansion Ventures

France

Series A

About Expansion Ventures

Expansion Ventures is a venture capital firm based in France, focusing on Series A stage investments. The fund actively supports founders building innovative solutions in AI/ML, Climate & Sustainability, Enterprise Software, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionFrance

Funding StageSeries A

Industry Focus

Ai Ml

Climate Sustainability

Enterprise Software

Investor Signals Profile

active

Sweet Spot

European deep tech founders building sovereign/defense infrastructure, Series A

European deep tech

space infrastructure

defense innovation

dual-use / security

hard tech

sovereign technology

strategic champions

Bullish Signals

Co-led €25.7M Series A (ATMOS)external

Investing in European space infrastructureexternal

Partners with EIC & Keen Venturesexternal

ATMOS flew PHOENIX 1 pre-raiselinkedin

Backs orbital return logistics gaplinkedin

Portfolio transitioning to operational deploymentlinkedin

Co-led with Balnord on ATMOSlinkedin

Backs institutional + commercial space use caseslinkedin

Alta Ares on TechCrunch 21 European Startups to Watchlinkedin

Strong conviction in sovereign space/defense momentumlinkedin

Positioned with peers like Space Forge, Cailabs, PLDlinkedin

Growing momentum around sovereign space & deeptechlinkedin

Supporting next generation of European strategic championslinkedin

Contrarian Signals

Niche: space logistics, limited deal flowexternal

Long capital cycles in hard techexternal

Fleet build-out = heavy capex aheadlinkedin

Competitive density in EU space/defense attracting capitallinkedin

Founder Do's

Build foundational infrastructure, not point solutions

Show operational milestones before raising

Target European autonomy & resilience angle

Co-lead rounds with strategic co-investors

Demonstrate mission proof points pre-raise

Leverage TechCrunch & media validation

Position as European strategic champion

Align with sovereign momentum narrative

Founder Don'ts

Avoid pure software plays

Don't skip traction before Series A

No US-only market focus

Key GPs & Partners

Charles Beigbeder

Partner

space infrastructureEuropean deeptechsovereign tech

Ted E.

Partner

deeptechdefense innovationEU strategy

Sandra Budimir

Partner

strategic founder supportdeeptechEU champions

David DANA

Partner

sovereign spacedefense techinfrastructure

Maxime Rovere

Partner

deeptech innovationspace/defensechampion builders

Benjamin Pavie

Partner

space infrastructuredeeptechEU resilience

Charles Gueudet

Partner

defense techdeeptechEuropean strategy

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Fund Overview

Fund Size€137M

Saves0

Website

Key People

Charles Beigbeder, Sandra Budimir, Ted Elvhage

Charles BeigbederPartner

Ted E.Partner

Sandra BudimirPartner

David DANAPartner

Maxime RoverePartner

Benjamin PaviePartner

Charles GueudetPartner

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