Expeditions Fund
Plac Małachowskiego 2, Warsaw, Mazowieckie, 00-066, Poland
Overview
Expeditions Fund is a long-term and patient venture capital fund investing in early-stage technology companies globally led by mission-driven founders. The fund has initially started as venture capital operations of Firlej Kastory family office. In 2021, Firlej Kastory expanded beyond immediate family management and the venture capital firm, Expeditions Fund, was created. Expeditions Fund today is an independent venture fund backed by multi-billion dollar investors, family offices, founders and CEOs of successful companies.
- Total investments
- 22
- Lead investments
- 8
- Investments · 12mo
- 8
- Active investors
- 3
Sector focus
- Venture Capital
Investment portfolio
- Project Q
Led · Series A · Jul 2026
Founded in 2021 and based in Munich, Project Q builds automated systems that process and analyze intelligence data and provide decision-support tools for defence and security users. Its core product set centers on AI-powered software and bespoke AI models for defence applications. Following rapid earlier fundraising activity, the company has just closed a €15 million Series A led by Expeditions with participation from Hensoldt and Heliad. Project Q intends to use the new capital to expand its software capabilities and further develop defence-specific AI models. Company leadership has emphasized the goal of enabling European defence organizations to maintain sovereign control over their digital infrastructure. The articles do not report revenue, user counts, or other operating metrics.
- Dominion Dynamics
Participated · Series A · Jun 2026
Dominion Dynamics is developing an Autonomous Collaborative Platform and a delta-wing autonomous combat aircraft, internally named "Scout," intended to operate alongside Royal Canadian Air Force F-35A fighters on Arctic missions. The Scout is designed to carry heavy weapons payloads and to operate over thousands of miles using satellite communications. The company aims to complete a subscale prototype within 18 months and is moving into a 35,000-square-foot facility near Ottawa on 1 June to support manufacturing and testing. Dominion Dynamics was founded by Erik Pence, a former executive at Anduril Industries. Financially, the company has secured C$50 million from Canada's National Research Council plus a C$21 million seed round led by Georgian with participation from Bessemer Venture Partners and British Columbia Investment Management Corporation.
- Comand AI
Participated · Series A · Jun 2026
Comand AI develops Prevail, an AI-native command-and-control platform designed to surface and prioritize the most critical decision points from hundreds of battlefield data streams. Prevail is already running with operational units in Ukraine and has deployments in France and Germany, providing live battlefield feedback at the decision layer. The company says the software shortens decision processes from minutes to seconds while ensuring a human makes every final decision. Founded in 2023 and based in Paris, Comand AI plans to use its new funding to expand NATO deployments and to add air and maritime capabilities before the end of the year. It positions itself against larger defence AI firms by focusing specifically on the command layer rather than sensors or hardware.
- Twin Prime
Led · Seed · May 2026
Twin Prime develops multimodal AI models designed to natively reason over many sensor modalities in physical-world and national security contexts. The startup aims to compress the perception-to-decision layer to enable faster, real-time action against threats. Founded in 2025 by researchers with backgrounds in frontier AI, quantitative finance, and national security, the team includes alumni of Hudson River Trading, Google Research, Lawrence Livermore National Laboratory, Columbia University, the White House, and the Pentagon. Twin Prime plans to commercialize its models through a joint venture with Theon, leveraging Theon’s sensor deployments and defence product offerings. The company has secured $10 million in pre-seed funding to advance model development and commercialization; no revenue or user metrics were disclosed in the articles.
- EGIDE
Led · Seed · Mar 2026
EGIDE designs electrically-propelled interceptors paired with Mystique, a hardware-agnostic software platform that uses distributed sensors and AI-driven detection to enable layered interception systems. The company emphasizes low-cost, scalable munition architectures that can be integrated across air, sea and ground missions and iterated rapidly against evolving threats. Founded in 2025 by former MBDA engineers Simon Calonne (GNC specialist) and Florian Audigier (pyrotechnical and warhead design), EGIDE aims to build a European leader in mass-affordable interceptors. The startup plans to accelerate engineering hires across propulsion, aerodynamics, warhead design and software engineering. Its stated ambition is to protect forces and critical infrastructure against large volumes of inexpensive and adaptable aerial systems. The recent €8M seed provides capital to advance interceptor design, production and the Mystique platform.