Fund profile / Poland

Expeditions Fund II

Geography: Poland
Stage: Pre-Seed
Fund size: €100M
Focus: Cybersecurity, Deep Tech, Defense and Space
Signals: Published

N°01 / About

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.

N°02 / Thesis

Investment Focus

Location / RegionPoland

Funding StagePre-Seed

Industry Focus

Cybersecurity

Deep Tech

Defense

Space

Investor Signals Profile

active

Sweet Spot

European defence founders, Baltics-aware, hybrid-war resilience

European defence

dual-use tech

sovereign capabilities

AI for defence

geopolitical urgency

Baltics-first strategy

hybrid war resilience

growth capital for Europe

Bullish Signals

SK keynoting fDi Intelligence Economic Security Watchlinkedin

Founder messaging: Europe needs own growth capitallinkedin

Baltics flagged as EU future critical hublinkedin

Hybrid war thesis hardened by recent contentlinkedin

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

5,877 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

MF keynote: Resilience Conference London Octoberlinkedin

NATO + allied leaders conference presencelinkedin

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 + Baltics insights

Show execution speed under urgency

Address hybrid war vulnerabilities explicitly

Demonstrate Europe-first growth capital alignment

Target NATO + allied country procurement

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

41 signals on Expeditions Fund II

22 bullish · 4 contrarian · 8 pitch do's · 3 don'ts · 4 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size€100M

Saves0

Website

People

Key People

Mikołaj Firlej, Stanisław Kastory

Stanislaw KastoryCo-Founder & General Partner

Mikolaj FirlejCo-Founder

Samuel BurrellPartner

Ewa MilewskaPartner

N°04 / See also

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