Germany · Series C startup

Who invested in The Exploration Company

2 rounds we have observed, with the 15 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Aerospace & SpaceLogistics

Raised 2 months ago

Funding summaryUpdated 5 Nov 2026

$610Mraised across 2 rounds since 2024, from 10 sources

$160MSeries B$450MSeries C
Latest round
Series C, $450MSept 2026
Led by
Bessemer Venture Partners and Atomicoand 2 more
Step-upi
2.8×
Investors
15 (6 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

20252026
$160MSeries B$450MSeries C
First round
Series B, $160M
Nov 2024
Biggest round
$450M
Series C · Sept 2026
Between rounds
22 months
from the last two

The rounds

  1. Sept 2026
  2. Nov 2024

Founders and team

From The Exploration Company's own website: 14 on the team.

  • Hélène HubyCEO
  • Kristine RunolfssonCEO
  • Antoine MondésertCFO
  • Dana BakiCFO
  • Jenny DreierChief of Staff
  • Jon ReijneveldChief of Staff
  • Alex FerraraBoard Member
  • Bernard LiautaudBoard Member
  • Elena KertzmannAnalyst
  • Grazia VittadiniBoard Member
  • Khaled HeliouiBoard Member
  • Marshall GislasonAnalyst
  • Mike GriffinBoard Member
  • Ted PerssonBoard Member

AdvisersMark CousinYo-Yo Ma

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Bessemer Venture PartnersVC firm2rounds, led 1
Balderton CapitalVC firm2rounds, led 1
PluralVC firm2rounds, led 1
BpifranceGovernment2rounds
Cherry VenturesVC firm2rounds
Vsquared VenturesVC firm2rounds
AtomicoVC firm1round, led 1
Scaleup Europe FundGrowth equity1round, led 1
EQT's Scaleup Europe FundGrowth equity1round, led 1
Promus VenturesVC firm1round
EQTPrivate equity1round
NGP CapitalVC firm1round
Red River WestVC firm1round
French Tech SouverainetéGrowth equity1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 5 firms list The Exploration Company as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

OmnesVC firmPer its own site
Expansion VenturesVC firm2021, per its site
Sophia Business AngelsAngel networkPer its own site
Stellar VenturesVC firmPer its own site
Burlington PRVC firmPer its own site

Quick answers about The Exploration Company

Who invested in The Exploration Company?

The Exploration Company's investors include Bessemer Venture Partners, Balderton Capital, Plural, Bpifrance and Cherry Ventures, and 10 more on record. Bessemer Venture Partners led its latest round.

How much has The Exploration Company raised?

The Exploration Company has raised $610M across 2 rounds since 2024.

When did The Exploration Company last raise?

The Exploration Company's most recent round was a Series C of $450M in Sept 2026, led by Bessemer Venture Partners.

What was The Exploration Company's biggest round?

Its most recent round, $450M in Sept 2026, is also its largest on record.

Who backed The Exploration Company first?

The Exploration Company's first round on record, in Nov 2024, was backed by Balderton Capital, Plural and Bpifrance and 6 others.

What stage is The Exploration Company at?

The Exploration Company's latest named round is a Series C, in Sept 2026.

Where is The Exploration Company based?

The Exploration Company is based in Germany.

Who led The Exploration Company's rounds?

Balderton Capital led the Series B in 2024; Bessemer Venture Partners led the Series C in 2026.

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