Expeditions Fund II

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

European defence tech founders with sovereign capability focus

European defence

dual-use tech

sovereign capabilities

AI for defence

drone tech

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

3,574 LinkedIn followers, growing presencelinkedin

New portfolio: Orasio, Alpine Eagle, Lendurai, Larxlinkedin

Poland + Estonia flagged as fast-growing hubslinkedin

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

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

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Fund Overview

Fund Size€100M

Saves0

Website

Key People

Mikołaj Firlej, Stanisław Kastory

Stanislaw KastoryCo-Founder

Mikolaj FirlejCo-Founder