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The Venture Codex

Expon Capital

203 Route d'Arlon, Luxembourg, 1150

Overview

Global investor in impactful ideas with exponential growth potential.

Founded

2015

Deals ยท 12mo

2

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed
Series A

Geographic focus

Finland
France
Germany
Luxembourg
...

Sector focus

Venture Capital

Investment portfolio

35rounds
NAMEDATESIZE
Deelan AI
May 2026Led
$0.86 MSeed
MAIC
Nov 2025Led
$1 MOther Equity
Kidola
May 2025Led
$2 MSeed
ClimateCamp
Mar 2025Led
$4 MSeed
Videobot
Mar 2025Led
$3 MOther Equity
HelloBetter
Mar 2025Participated
$7 MOther Equity
MarketLeap
Feb 2025Participated
$8 MSeries A
Passbolt
Jan 2025Participated
$8 MSeries A
Sympower
Nov 2024Participated
$25 MSeries B
Accelex
Nov 2023Participated
$15 MSeries A
MarketLeap
Oct 2023Participated
$2 MSeed
Videobot
Aug 2023Led
$2 MSeed
Deelan AI
May 2026Led
$0.86 MSeed
MAIC
Nov 2025Led
$1 MOther Equity
Kidola
May 2025Led
$2 MSeed
ClimateCamp
Mar 2025Led
$4 MSeed
Videobot
Mar 2025Led
$3 MOther Equity
HelloBetter
Mar 2025Participated
$7 MOther Equity
MarketLeap
Feb 2025Participated
$8 MSeries A
Passbolt
Jan 2025Participated
$8 MSeries A
Sympower
Nov 2024Participated
$25 MSeries B
Accelex
Nov 2023Participated
$15 MSeries A
MarketLeap
Oct 2023Participated
$2 MSeed
Videobot
Aug 2023Led
$2 MSeed
35
Items
...
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Insights

Time horizon

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Deal Distribution

Expon Capital: 35 funding rounds are recorded in the selected participation categories.All available history.
Expon Capital: 35 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed54
Series A17
Series B03
Other Equity411

Monthly Deal Activity

Expon Capital: 35 deals are recorded across 113 months.All available history.
Expon Capital: 35 deals are recorded across 113 months. All available history
MonthDeals
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '181
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '180
Oct '180
Nov '180
Dec '181
Jan '191
Feb '190
Mar '190
Apr '190
May '190
Jun '191
Jul '190
Aug '190
Sep '191
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '201
Jul '200
Aug '200
Sep '200
Oct '200
Nov '200
Dec '201
Jan '210
Feb '211
Mar '210
Apr '211
May '211
Jun '210
Jul '211
Aug '211
Sep '210
Oct '211
Nov '211
Dec '210
Jan '220
Feb '220
Mar '221
Apr '220
May '220
Jun '221
Jul '221
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '230
Feb '230
Mar '230
Apr '231
May '232
Jun '231
Jul '230
Aug '231
Sep '230
Oct '231
Nov '231
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '241
Dec '240
Jan '251
Feb '251
Mar '253
Apr '250
May '251
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '251
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '261
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Expon Capital: Enterprise Software is the largest displayed sector by deal count (15 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Expon Capital: Enterprise Software is the largest displayed sector by deal count (15 deals). All available history
SectorDeals
Enterprise Software15
Networks, Cloud & Communication10
AI & Machine Learning9
Data, Analytics & IT7
Fintech7
Clean Energy & Sustainability6
Health & Life Sciences6
Developer Tools6
E-Commerce & Retail5
Consumer & Lifestyle4
Marketing & Advertising4
Real Estate & Construction3
Space & Frontier Tech3
Food & Agriculture3
Education & Workforce2
Transportation & Logistics2
Professional Services2
Travel & Hospitality1
Hardware & Robotics1
Manufacturing1
Media & Entertainment1

Deal Size Distribution

Expon Capital: 35 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Expon Capital: 35 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M14
$5M-$10M10
$10M-$25M6
$25M-$50M3
$50M-$100M2
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Expon Capital: Europe has the largest recorded deal count among the displayed regions (28 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Expon Capital: Europe has the largest recorded deal count among the displayed regions (28 deals). All available history
RegionDeals
Europe28
United States6
Israel1
Expon Capital: 20 co-investors are shown, with HealthCap sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Expon Capital: 20 co-investors are shown, with HealthCap sharing 4 recorded deals. All available history
Co-investorShared deals
HealthCap4
Volta Ventures4
Activate Capital3
LBAN3
MassMutual Ventures3
PDENH3
Rubio Impact Ventures3
Seeder Fund3
Sparrow Ventures3
AlbionVC2
Bondi Capital2
Cultivation Capital2
Dedicated2
Fortino Capital2
Freeflow Ventures2
Hevella Capital2
Illuminate Financial2
KBC2
Kima Ventures2
Motier Ventures2

Investment Strategy

Expon Capital: Led accounts for 29% and participating for 71% of round participation.All available history.
Expon Capital: Led accounts for 29% and participating for 71% of round participation. All available history
CategoryDeals (count)Share (%)
Led1029%
Participating2571%
Expon Capital: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
Expon Capital: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead660%
Co-led440%

Team

Alain Rodermann

Founding Partner

Jerome Wittamer

Founding Partner

Lily Wang

Senior Analyst

Marc Gendebien

Managing Partner

Owen Reynolds

Principal