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The Venture Codex

Expon Capital

203 Route d'Arlon, Luxembourg, 1150

Overview

Global investor in big ideas with the potential for positive impact & exponential growth

Total investments
35
Lead investments
10
Investments · 12mo
2
Active investors
5

Sector focus

  • Venture Capital
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Investment portfolio

  • Deelan AI

    Led · Seed · May 2026

    Deelan AI builds an adaptive sales training platform that ingests company materials—call recordings, playbooks, and documents—to generate role-specific training and continuously tailor content to individual performance. Early customers report measurable improvements, including a 30%+ reduction in ramp time and an 80% faster training creation process, measured against CRM and HR baselines over typical 60–90 day onboarding periods. The startup is headquartered in Luxembourg and operates from the Luxembourg-City Incubator with a core team of six covering multiple languages and markets. Deelan has established initial traction across France, Germany, the Netherlands, Sweden, the UK and the U.S., with customers such as Kidola, Cascade, Magrid and Cyabra. Near-term product plans include deeper coverage of the revenue function—building integrations for sales, customer success and partner teams so the platform sits inside existing tools—and expansion into CS and operations within existing accounts. The company positions itself as an alternative to static content libraries by continuously identifying skill gaps and generating targeted training without requiring a dedicated L&D team.

  • MAIC

    Led · Equity · Nov 2025

    MAIC, founded in 2023 by former hotel managers, has built a unified operating system designed specifically for the hospitality sector. The cloud platform plugs into widely used property-management systems such as Oracle Hospitality Opera, Mews and Apaleo, allowing hotel teams to automate repetitive administrative tasks and refocus on guest service. MAIC is already active in nine countries and targets both independent hotels and multi-property groups. Management claims the software delivers clear P&L benefits by boosting service quality and operational efficiency. With its recent capital infusion, the company plans to accelerate international expansion and deepen product capabilities. Headquartered in Luxembourg, MAIC positions its technology as a way to make hotels “more human” by freeing staff from manual workloads.

  • Kidola

    Led · Seed · May 2025

    Kidola provides a centralized childcare management platform that streamlines attendance tracking, invoicing, parent communication, and regulatory reporting into a single SaaS solution. The company serves over 30,000 caregivers across Luxembourg, France, and Belgium. Kidola will use the €1.3M seed funding to grow its team, improve analytics and reporting features, and strengthen its presence in France. The platform targets daycare centers, crèches, and early childhood educators to reduce administrative burden and centralize operations. Kidola was founded in 2019 by Jonathan Kindermans, Quentin de Madre, and Simon Lelorrain and is headquartered on Route de Volmerange in Luxembourg.

  • ClimateCamp

    Led · Seed · Mar 2025

    ClimateCamp offers an AI-powered platform that maps and reduces value-chain carbon footprints, enabling businesses to engage suppliers and automate sustainability data processing. Its software pre-loads and processes sustainability data to ensure accurate carbon tracking across suppliers. The company currently supports over 800 companies. Founded in 2022 and based in Antwerp, Belgium, ClimateCamp is focused on scaling supplier collaboration to drive emissions reductions. The recent financing will be used to scale the platform, expand the team, and accelerate its mission of enabling supplier-led emissions cuts. The company leverages AI to streamline Scope 3 reporting and reduction workflows for enterprise customers. ClimateCamp offers a SaaS platform that gathers primary supplier data to deliver precise insights into carbon emissions across the supply chain and automate regulatory reporting. The platform replaces benchmarks, manual supplier surveys and one-time consultancy engagements with real data, improving emissions calculations and enabling scalable, repeatable reduction methods. An exclusive preview launched six months before the raise, and the product is already used by more than 15% of Belgian breweries. The company intends to use the new capital to expand its sustainability platform across the wider European food & beverage sector. ClimateCamp was founded in late 2021 and currently has a team of 10 Climate Action Representatives active in Belgium and Luxembourg. It is part of the Microsoft for Startups programme and graduated from the Start it @ KBC accelerator.

  • Videobot

    Led · Equity · Mar 2025

    Videobot offers an omnichannel interactive short-form video platform that merges short videos with chatbots to create engaging customer interactions. The video experience (VX) platform supports seamless integration on websites, apps and ads and includes built-in analytics to optimize performance. Founded in 2022 by Anssi Kiviranta and Matias Mäenpää and headquartered in Turku, Finland, Videobot serves clients in over 20 countries. In February 2025 the company raised €2.8M, bringing total funding to €5.5M. The company says it will use the funds to further develop its VX platform. Videobot is a Finnish SaaS company founded in 2022 that builds video-based chatbots to engage website visitors. The product combines interactive chatbot elements with short video content to create a more natural, human experience than text-driven chatbots. The company positions itself to capitalize on the shift to video, citing that video makes up 80% of internet traffic and that over 70% of people prefer learning about products via video. Since founding, Videobot has grown to over 200 customers across 15 countries, including enterprise clients such as a major Nordic bank and large telecom companies in the Nordics. The founders, Anssi Kiviranta and Matias Mäenpää, aim to scale rapidly and have stated ambitions to build a unicorn-level company. Medium-term goals include reaching 1,000 customers, €3 million in annual billing, and a 50-person team by the end of 2024, with expansion plans focused on Europe and the US.

Team