# Expeditions Fund: portfolio, investments and team

> Expeditions Fund is a vc firm based in Poland. 3 investments on record, 1 in the last 12 months, latest Jun 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/expeditions-fund (Millionrounds; every figure on the page links to its filing or article)

Poland · [Investor](https://millionrounds.com/investors)

# Expeditions Fund

Last cheque observed Jun 2026; 3 cheques on record.

Email

Deploying now New fund $221M, Jul 2026 VC firm Website unconfirmed

Pre-seed Seed Series A Cybersecurity Intelligence Autonomy

Follow Expeditions Fund and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fexpeditions-fund)

Deploying now

**50%** of best year **1** **cheques in 12 months**, 3 on record

Since the last cheque **123** days **00** hrs **00** min **00** sec

Median round **$13M** Rounds led **0 of 3**

Pitch Expeditions Fund

## Expeditions Fund highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Series A and Seed: 100% of its rounds

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** Cybersecurity Intelligence Autonomy
- **Based in:** Warszawa, Poland
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=expeditions-fund).

## The record

Every round we can evidence, newest first **3 appearances**

- **2026** 1 round
- **Jun** **[Dominion Dynamics](https://millionrounds.com/company/dominion-dynamics)** Series A · CA · Ventureburn **$98M** With 17 others
- **2025** 1 round
- **Jul** **[Project Q](https://millionrounds.com/company/project-q)** Seed · DE · Firms' own news pages **$8.7M** With 2 others
- **2024** 1 round
- **Mar** **[Blackwall](https://millionrounds.com/company/blackwall)** Series A · EE · MMC Ventures **$13M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**2+** funds on file numbered funds in its name

Who backs their funds

## 5 LPs on record in Expeditions Fund's funds

- **Funds:** 1

The institutions that put money into its funds, which the firm then invests in companies. Source: fund news.

- [**NATO Innovation Fund (NIF)** 1 fund](https://millionrounds.com/fund/nato-innovation-fund) Fund Vintage Committed Expeditions Fund II - -
- [**BAE Systems** 1 fund](https://millionrounds.com/fund/bae-systems) Fund Vintage Committed Expeditions Fund II - -
- [**Keysight Technologies** 1 fund](https://millionrounds.com/fund/keysight-technologies) Fund Vintage Committed Expeditions Fund II - -
- [**European Investment Fund** 1 fund](https://millionrounds.com/fund/european-investment-fund-eif) Fund Vintage Committed Expeditions Fund II - -
- [**Polish Development Fund** 1 fund](https://millionrounds.com/fund/polish-development-fund) Fund Vintage Committed Expeditions Fund II - -

New fund on file

**$221M**

raised in Jul 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$13M** the round, not its cheque

Led 0 of 3 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Jun 2026

Rounds by stage said on their site

- Series A said *2*
- Seed said *1*
- Pre-seed said *-*
- Series B said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

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## Recently backed

The latest companies Expeditions Fund put money into.

[**Project Q** $8.7M · Jul 2025](https://millionrounds.com/company/project-q)[**Blackwall** $13M · Mar 2024](https://millionrounds.com/company/blackwall)

## Mentioned on podcasts

Episodes that name Expeditions Fund in their description, not their title.

- [This Much I Know](https://millionrounds.com/podcasts/this-much-i-know) 24 Oct 2025 · 1h 0m From the Forces to Investing in Deeptech, Dual-Use, and the Defence Sector Mentions [Expeditions Fund](https://millionrounds.com/fund/expeditions-fund) Apple PodcastsShow page

## Quick answers about Expeditions Fund

### What does Expeditions Fund invest in?

Expeditions Fund invests most often at Series A and Seed (100% of the rounds on record), in sectors such as Cybersecurity, Intelligence and Autonomy.

### How active is Expeditions Fund?

3 investments on record, 1 of them in the last 12 months. The most recent was in Jun 2026.

### What has Expeditions Fund invested in recently?

Its most recent investments on record: Dominion Dynamics (Series A, Jun 2026), Project Q (Seed, Jul 2025) and Blackwall (Series A, Mar 2024).

### How big are Expeditions Fund's cheques?

The median round it joins is $13M.

### Is Expeditions Fund investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is Expeditions Fund?

Expeditions Fund is a VC firm based in Warszawa, Poland.

### Has Expeditions Fund raised a new fund?

Its latest fund filing with the SEC was in Jul 2026, reporting $221M raised.

### When was Expeditions Fund founded?

Expeditions Fund was founded in 2021.

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