Fund profile / United Kingdom

Expedition Growth Capital Fund III

Geography: United Kingdom
Stage: Growth
Fund size: €323M
Focus: AI/ML, Enterprise Software and SaaS
Signals: Published

N°01 / About

About Expedition Growth Capital Fund III

London-based oversubscribed Fund III targets capital-efficient tech scale-ups, investing €8.6-21.5M in growth-stage enterprise software and AI businesses.

N°02 / Thesis

Investment Focus

Location / RegionUnited Kingdom

Funding StageGrowth

Industry Focus

AI/ML

Enterprise Software

SaaS

Investor Signals Profile

active

Sweet Spot

Bootstrapped B2B SaaS/AI founder ready for growth capital

bootstrapped SaaS/AI

growth + liquidity capital

software AI vertical

European founders

category leadership

transatlantic scaling

founder-owned software

use-of-capital not need

Bullish Signals

15+ portfolio cos, active deploymentexternal

London + Boston offices, global reachexternal

Recent deal: Nesto €11m, Apr 2026external

Specialist in bootstrapped AI softwareexternal

25+ portfolio: Aphex, Fabriq, ThreatSpike, epilot, Boondwebsite

Strong founder testimonials: Xensam, Dougs, Ringoverwebsite

Covers founder liquidity + growth capitalwebsite

Vertical diversity: cybersec, energy, HR, CMS, AIwebsite

Founders praise autonomy + active supportwebsite

MDOTM $27m round led by Expedition, Jul 2026website

Portfolio spans manufacturing, accounting, events, contact centrewebsite

Omilia $67m Series B, Aug 2026, agentic CXwebsite

Factbird co-founder: zero catch, amazing supportwebsite

Ecosystem: Kentico, Kontent.ai, Batch, Oktopostwebsite

Storykit, Lempire, Pinpoint, Rentman, Omilia portfoliowebsite

Founder-owned software AI companies explicit focuswebsite

Xensam: cultural alignment + competence mixwebsite

Dougs: partnership understanding, shared visionwebsite

Ringover: great freedom + active involvement carewebsite

Factbird: no catch, available resources GTM-focusedwebsite

Growth equity for rapid-scaling founder companieswebsite

Use-of-capital mandate: accelerant not lifelinewebsite

Contrarian Signals

Niche mandate — bootstrapped onlyexternal

Heavy European portfolio concentrationwebsite

Founder Do's

Be bootstrapped with proven revenue

Show capital as accelerant, not lifeline

Target category leadership ambition

Operate in B2B software or AI

Be globally ambitious from day one

Seek founder liquidity + growth simultaneously

Value operational expertise + respect equally

Embrace active partnership + advisory involvement

Founder Don'ts

Don't pitch if pre-revenue or early seed

Don't need capital to survive

Don't expect hands-off investor

38 signals on Expedition Growth Capital Fund III

22 bullish · 2 contrarian · 8 pitch do's · 3 don'ts · 3 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€323M

Saves0

Website

People

Key People

Expedition Growth Capital

Oskar GustavPartner

Søren SchønnemannPartner/Advisor

Jean-Samuel RenautPartner

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