Expansion Ventures
58 RUE D'HAUTEVILLE, PARIS, Ile-de-France, 75010, France
Overview
Expansion is an venture fund to support European Aerospace & Defense startups. New space, New Air Mobility & Dual Use
- Total investments
- 10
- Lead investments
- 3
- Investments · 12mo
- 2
- Active investors
- 3
Sector focus
- Aerospace
- Financial Services
- Venture Capital
Investment portfolio
- Space Cargo Unlimited
Led · Series A · Sep 2025
Space Cargo Unlimited focuses on creating logistics infrastructure that enables customers to run microgravity research and manufacturing missions. Its core product is BentoBox, a modular platform that can host up to 100 kg of customer payloads and is designed to fit inside the company’s returnable REV-1 cargo vehicle. While REV-1 is still under development with Thales Alenia Space, the firm will first fly BentoBox as a stand-alone unit aboard ATMOS Space Cargo’s Phoenix return capsule, which uses an inflatable heat-shield for re-entry. The maiden BentoBox flight is targeted for the second quarter of 2026, and Space Cargo Unlimited has scheduled seven missions with ATMOS between 2026 and 2027. The company recently secured a €27.5 million Series A round to accelerate BentoBox development and mission execution. Two months earlier it obtained a €12.5 million blended investment from the European Innovation Council Accelerator, giving the firm fresh capital to pursue its roadmap. No operating metrics such as revenue or user count were disclosed in the articles.
- Messium
Led · Seed · Sep 2025
Messium combines hyperspectral satellite data, crop growth models, and proprietary AI analytics to provide weekly, field-specific nitrogen and crop-health recommendations. Its platform ingests satellite imagery alongside weather, soil, and farm management data to generate actionable fertiliser guidance. The company reports trials across Europe and Australia using more than 13,000 lab-validated crop samples and is delivering results to over 75 farms in the UK and Europe; its trials found over 50% of fields were incorrectly fertilised. Messium says its technology can boost yields, cut input costs and reduce emissions by eliminating fertiliser guesswork. The business recently secured a €3.8M Seed investment to accelerate commercial rollout, scale its data and analytics infrastructure, and grow its team and partner network. Messium plans to expand in the UK, Europe and Australia and is preparing for a Series A to support further international expansion and technology development.
- UNIVITY
Participated · Seed · Oct 2024
UNIVITY develops a wholesale space infrastructure positioned in Very Low Earth Orbit to enable high-throughput, low-latency 5G NTN connectivity that integrates natively with terrestrial mobile networks. The company emphasizes serving telecom operators by leveraging their 5G spectrum and existing components to provide sovereign, operator-controlled space connectivity. UNIVITY has executed demonstrators already, having launched a ~20 kg payload previously, and is now building the uniShape program consisting of two satellites of over 250 kg and a second‑generation ground segment to validate end-to-end 5G NTN and direct-to-cell smartphone connectivity. It has signed 17 letters of intent and MOUs across four continents, reflecting commercial interest in Europe, Southeast Asia and the Gulf. The business is focused on industrialisation and mass production, including plans for a manufacturing facility near Toulouse to produce two satellites per day and 1,000 user terminals per day. Financially, the company has raised over €67 million to date, including the €27 million Series A announced in this round.
- DcubeD
Led · Series A · Aug 2024
Dcubed, based in Munich, develops durable and affordable release actuators, solar arrays, and deployables for space missions using patented shape‑memory technology and proprietary origami structures. Its products are designed to be superior in cost, mass, volume, reliability, durability, and reusability, and the company serves a global customer base in over twenty countries. Dcubed closed a €4.4M Series A that was oversubscribed by 26%, attracting eight investors from France, Sweden, Germany and the U.S., led by Expansion and BayBG with participation from HTGF, Aurelia Foundry, Ventis, Rymdkapital and Decisive Point Europe. The new capital will be used to quadruple production of satellite actuators to meet demand tied to an anticipated 100,000 satellite launches and to scale its operations. Dcubed plans to pioneer in‑space manufacturing, including a 2025 demonstration to 3D‑print a high‑performance satellite solar array in free space supported by a €9.5M European Innovation Council contribution. The company will also expand its U.S. footprint with a new office in Westminster, Colorado, led by Andria Fortier, to grow U.S. operations and strategic relationships.
- WaltR
Participated · Equity · Mar 2024
WaltR develops a technology that pairs space imagery with ground data and AI to identify, measure and map gaseous and particulate pollutant emissions from cities, industrial sites and airport or port infrastructures. The company says the new financing will support commercial growth in France and across Europe, while backing technical developments and an innovative R&D program. WaltR closed its first fundraising of €2 million in a round led by Groupe ADP with participation from Expension Ventures, Spacefounders France, Pays de la Loire Participation and Centrale innovation. The startup opened an office in Nantes in 2024 as part of its expansion. WaltR was founded in 2018 by Éric Pequignot as a spin-off of CNES and currently employs 20 people. The capital will be used to accompany commercial rollout and further technical and R&D work.