# The Exploration Company funding: rounds and investors > The Exploration Company has raised $610M across 2 rounds since 2024. Investors include Bessemer Venture Partners, Balderton Capital and Plural. Source: https://millionrounds.com/company/the-exploration-company (Millionrounds; every figure on the page links to its filing or article) Germany · [Series C startup](https://millionrounds.com/companies) # 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 & Space Logistics Raised 2 months ago Follow The Exploration Company and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fcompany%2Fthe-exploration-company) Funding summary Updated 5 Nov 2026 **$610M** raised across 2 rounds since 2024, from 10 sources **$160M** Series B **$450M** Series C - **Latest round:** Series C, $450M Sept 2026 - **Led by:** Bessemer Venture Partners and Atomico and 2 more - **Step-up i:** 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. 2025 2026 **$160M** Series B **$450M** Series C - **First round:** Series B, $160M - **Biggest round:** $450M - **Between rounds:** 22 months ## The rounds - **Sept 2026** Series C **$450M** *6 new* *6 returning* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) Lead [Atomico](https://millionrounds.com/fund/atomico) Lead [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Lead [EQT's Scaleup Europe Fund](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund) Lead [Bpifrance](https://millionrounds.com/fund/bpifrance) [Balderton Capital](https://millionrounds.com/fund/balderton-capital) [Cherry Ventures](https://millionrounds.com/fund/cherry-ventures) [Promus Ventures](https://millionrounds.com/fund/promus-ventures) [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) [EQT](https://millionrounds.com/fund/eqt) [Plural](https://millionrounds.com/fund/plural) [Red River West](https://millionrounds.com/fund/red-river-west) Reported by Firms' own news pages and 6 others - **Nov 2024** Series B **$160M** *9 new* [Balderton Capital](https://millionrounds.com/fund/balderton-capital) Lead [Plural](https://millionrounds.com/fund/plural) Lead [Bpifrance](https://millionrounds.com/fund/bpifrance) [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Cherry Ventures](https://millionrounds.com/fund/cherry-ventures) [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) [NGP Capital](https://millionrounds.com/fund/ngp-capital) [DTCF DeepTech & Climate Fonds](https://millionrounds.com/fund/deeptech-and-climate-fonds-dtcf) [French Tech Souveraineté](https://millionrounds.com/fund/french-tech-souverainete) Reported by Crunchbase News and 2 others ## Founders and team From The Exploration Company's own website: 14 on the team. - **Hélène Huby** CEO - **Kristine Runolfsson** CEO - **Antoine Mondésert** CFO - **Dana Baki** CFO - **Jenny Dreier** Chief of Staff - **Jon Reijneveld** Chief of Staff - **Alex Ferrara** Board Member - **Bernard Liautaud** Board Member - **Elena Kertzmann** Analyst - **Grazia Vittadini** Board Member - **Khaled Helioui** Board Member - **Marshall Gislason** Analyst - **Mike Griffin** Board Member - **Ted Persson** Board Member Advisers *Mark Cousin* *Yo-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. **Series B** 2024 **Series C** 2026 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) L [Balderton Capital](https://millionrounds.com/fund/balderton-capital) L [Plural](https://millionrounds.com/fund/plural) L [Bpifrance](https://millionrounds.com/fund/bpifrance) [Cherry Ventures](https://millionrounds.com/fund/cherry-ventures) [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) [Atomico](https://millionrounds.com/fund/atomico) L [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) L [EQT's Scaleup Europe Fund](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund) L [Promus Ventures](https://millionrounds.com/fund/promus-ventures) ## Everyone who backed them [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) VC firm **2** rounds, led 1 [Balderton Capital](https://millionrounds.com/fund/balderton-capital) VC firm **2** rounds, led 1 [Plural](https://millionrounds.com/fund/plural) VC firm **2** rounds, led 1 [Bpifrance](https://millionrounds.com/fund/bpifrance) Government **2** rounds [Cherry Ventures](https://millionrounds.com/fund/cherry-ventures) VC firm **2** rounds [Vsquared Ventures](https://millionrounds.com/fund/vsquared-ventures) VC firm **2** rounds [Atomico](https://millionrounds.com/fund/atomico) VC firm **1** round, led 1 [Scaleup Europe Fund](https://millionrounds.com/fund/scaleup-europe-fund) Growth equity **1** round, led 1 [EQT's Scaleup Europe Fund](https://millionrounds.com/fund/eqt-s-scaleup-europe-fund) Growth equity **1** round, led 1 [Promus Ventures](https://millionrounds.com/fund/promus-ventures) VC firm **1** round [EQT](https://millionrounds.com/fund/eqt) Private equity **1** round [NGP Capital](https://millionrounds.com/fund/ngp-capital) VC firm **1** round [DTCF DeepTech & Climate Fonds](https://millionrounds.com/fund/deeptech-and-climate-fonds-dtcf) VC firm **1** round [Red River West](https://millionrounds.com/fund/red-river-west) VC firm **1** round [French Tech Souveraineté](https://millionrounds.com/fund/french-tech-souverainete) Growth equity **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=the-exploration-company). ## 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. [Omnes](https://millionrounds.com/fund/omnes-capital) VC firm Per its own site [Expansion Ventures](https://millionrounds.com/fund/expansion-ventures) VC firm 2021, per its site [Sophia Business Angels](https://millionrounds.com/fund/sophia-business-angels) Angel network Per its own site [Stellar Ventures](https://millionrounds.com/fund/stellar-ventures) VC firm Per its own site [Burlington PR](https://millionrounds.com/fund/burlington-pr) VC firm Per 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. ## Companies like The Exploration Company In the same sector, and raised in the last eighteen months. [**Hypersonica** $140M · Nov 2026](https://millionrounds.com/company/hypersonica)[**Cellbox Solutions** $4.1M · Oct 2026](https://millionrounds.com/company/cellbox-solutions)[**Depotcharge** $3.1M · Sept 2026](https://millionrounds.com/company/depotcharge)[**Quantum Systems** $1.6B · Jul 2026](https://millionrounds.com/company/quantum-systems)[**Anzana Electric Group** $40M · Jun 2026](https://millionrounds.com/company/anzana-electric-group)[**Isar Aerospace** $487M · Jun 2026](https://millionrounds.com/company/isar-aerospace) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. 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