Expeditions Fund II

Poland

Pre Seed

About Expeditions Fund II

Warsaw-based €100M (target €150M) fund backing early-stage dual-use deep-tech in cybersecurity, defense, autonomy, AI, quantum, and space.

Investment Focus

Location / RegionPoland

Funding StagePre Seed

Industry Focus

Cybersecurity

Deep Tech

Defense

Space

Investor Signals Profile

active

Sweet Spot

Fast-scaling European defence founders, 2025+ cohort focus

European defence

dual-use tech

sovereign capabilities

AI for defence

autonomous weapons

AI-native C2I systems

video threat detection

Bullish Signals

AGM held in Warsaw, active communityexternal

Portfolio spans drones, AI, quantumexternal

High-profile keynotes: heads of state levelexternal

Keynotes: President Ilves + Sir Nick Bortonlinkedin

Portfolio: Orqa, Horizon Quantum, Comand AIlinkedin

Ukraine + Eastern Flank core to thesislinkedin

5,652 followers, growing presencelinkedin

New portfolio: Orasio, Alpine Eagle, Lendurai, Larxlinkedin

Poland + Estonia flagged as fast-growing hubslinkedin

Led Project Q Series A €15M, HYDRIS platformlinkedin

Backing open-source EU tech sovereignty playslinkedin

Dealroom Top 10 defence startups: Orasio, Dominion, Onodrim, UFORCElinkedin

1.7k defence startups founded last yearlinkedin

2025 founders already boosting NATO capabilitieslinkedin

Multi-domain autonomous weapons systems portfoliolinkedin

AI-native C2I, sovereign video threat detectionlinkedin

Contrarian Signals

Niche focus: European defence onlyexternal

Procurement barriers slow portfolio growthexternal

Collaboration gaps persist across Europelinkedin

Execution pace flagged as key risklinkedin

Founder Do's

Build sovereign supply chains end-to-end

Engage directly with military end users

Focus on specialised defence AI models

Tap Eastern Flank frontline insights

Show execution speed under urgency

Develop open-source gov integration platforms

Launch fast: 2025+ founders already scaling

Founder Don'ts

Don't pitch generic AI retrofitted for defence

Don't ignore procurement dialogue with armies

Don't build single-country solutions only

Key GPs & Partners

Stanislaw Kastory

Co-Founder

defence-focusedcommunity builderEuropean

Mikolaj Firlej

Co-Founder

defence-focusedcommunity builderEuropean

Samuel Burrell

Partner

defence-techstrategic advisor

Ewa Milewska

Partner

defence-techstrategic advisor

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Fund Overview

Fund Size€100M

Saves0

Website

Key People

Mikołaj Firlej, Stanisław Kastory

Stanislaw KastoryCo-Founder

Mikolaj FirlejCo-Founder

Samuel BurrellPartner

Ewa MilewskaPartner

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