Expansion Ventures

France
Series A
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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 critical infrastructure at Series A

European deep tech
space infrastructure
Series A
dual-use / security
hard tech

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

Contrarian Signals

Niche: space logistics, limited deal flowexternal
Long capital cycles in hard techexternal
Fleet build-out = heavy capex aheadlinkedin

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

Founder Don'ts

Avoid pure software plays
Don't skip traction before Series A
No US-only market focus

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Fund Overview

Fund Size€137M
Saves0

Key People

Charles Beigbeder, Sandra Budimir, Ted Elvhage

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