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Expon Capital

Europe, Luxembourg, Luxembourg, Luxembourg

Description

Expon Capital is a prominent Luxembourg-based venture capital firm with a clear focus on investing in deep technology companies that demonstrate potential for exponential growth and positive global impact. Established with the launch of the Digital Tech Fund in 2016, the firm has positioned itself as a key player in the European tech ecosystem, particularly within the B2B deep tech sector. Their investment thesis centers on identifying innovative companies with strong intellectual property, scalable business models, and experienced management teams capable of executing on global ambitions.

The firm's investment strategy primarily targets early-stage companies, typically participating in Seed to Series A funding rounds. Expon Capital seeks out ventures across a diverse range of cutting-edge fields, including artificial intelligence, cybersecurity, fintech, space technology, and biotech. This broad yet specialized approach allows them to capture opportunities in sectors poised for significant disruption and growth. Their commitment extends beyond capital, aiming to provide strategic support and leverage their network to help portfolio companies scale internationally.

A significant milestone for Expon Capital was the successful closing of its second fund, the Digital Tech Fund II, at €100 million in 2021. This fund reinforces their capacity to support a new cohort of promising deep tech startups. While specific figures can vary based on the stage and needs of the company, Expon Capital typically deploys initial cheques ranging from $1 million to $5 million. This range aligns with their focus on early-stage investments, providing crucial capital for product development, market entry, and team expansion. The firm's disciplined approach and strategic positioning in Luxembourg, a growing hub for innovation, underscore its role in fostering the next generation of global tech leaders.

Investor Profile

Expon Capital has backed more than 61 startups, with 9 new investments in the last 12 months alone. The firm has led 17 rounds, about 28% of its total and boasts 5 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in Luxembourg, France, United States.
  • Strong thematic focus on Software, FinTech, Artificial Intelligence (AI).
  • Led 4 rounds in the past year.
  • Typical check size: $1M – $5M.

Stage Focus

  • Seed (34%)
  • Series A (30%)
  • Series B (15%)
  • Series Unknown (10%)
  • Convertible Note (5%)
  • Series C (3%)
  • Pre Seed (2%)
  • Series D (2%)

Country Focus

  • Luxembourg (31%)
  • France (15%)
  • United States (13%)
  • Germany (11%)
  • United Kingdom (7%)
  • Spain (7%)
  • The Netherlands (7%)
  • Israel (3%)
  • Finland (3%)
  • Austria (2%)

Industry Focus

  • Software
  • Fintech
  • Artificial Intelligence (Ai)
  • Analytics
  • Machine Learning
  • Information Technology
  • Financial Services
  • Payments
  • Big Data
  • Transportation
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Expon Capital frequently co-invest with?

AlbionVC
Europe, England, United Kingdom, London
Co-Investments: 3
Techstars
North America, Colorado, United States, Boulder
Co-Investments: 3
MassMutual Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 4
LB
Europe, Luxembourg, Luxembourg, Luxembourg
Co-Investments: 5
Freeflow Ventures
North America, California, United States, Pasadena
Co-Investments: 3
Cultivation Capital
North America, Missouri, United States, St Louis
Co-Investments: 3
Illuminate Financial
Europe, England, United Kingdom, London
Co-Investments: 3
HealthCap
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 4
Volta Ventures
Europe, Oost-Vlaanderen, Belgium, Gent
Co-Investments: 4
Santa Barbara Venture Partners
North America, California, United States, Santa Barbara
Co-Investments: 3

Which angels does Expon Capital often collaborate with?

MV
Europe, Madrid, Spain, Madrid
Shared Deals: 1
JC
North America, California, United States, San Francisco
Shared Deals: 1
David Stern
North America, New York, United States, New York
Shared Deals: 1
NA
North America, California, United States, San Francisco
Shared Deals: 1
PB
Europe, Rhone-Alpes, France, Lyon
Shared Deals: 1
SB
Europe, England, United Kingdom, London
Shared Deals: 1
TH
Europe, England, United Kingdom, London
Shared Deals: 1
CS
North America, Washington, United States, Kirkland
Shared Deals: 1
JC
Europe, England, United Kingdom, London
Shared Deals: 1
AP
North America, New York, United States, New York
Shared Deals: 1

What are some of recent deals done by Expon Capital?

Kidola

Luxembourg, Luxembourg, Luxembourg

Kidola is a childcare-based software application that enables the digitization of child monitoring and facilitates information sharing.

B2BBabyChild CareEducationMobile AppsSaaSSoftware
SeedMay 21, 2025
Amount Raised: $1,473,303
Invitrolize

Luxembourg, Luxembourg, Luxembourg

Invitrolize provides innovative 3D alveolar in vitro model.

3D TechnologyBiotechnology
SeedMay 14, 2025
Exobiosphere

Esch-sur-alzette, Luxembourg, Luxembourg

Exobiosphere is a cutting-edge company operating at the intersection of space exploration and biotechnology.

Biotechnology
SeedApr 4, 2025
Amount Raised: $2,217,541
ClimateCamp

Antwerp, Antwerpen, Belgium

ClimateCamp offers precise information on the supply chain's carbon emissions.

Information ServicesSupply Chain ManagementWaste Management
SeedMar 25, 2025
Amount Raised: $3,777,515
HelloBetter

Berlin, Berlin, Germany

Leading provider of digital therapeutics for mental health: 10 DTx, 6 PDTx with universal reimbursement for 73m+ people, 33 clinical studies

Health CareMedical DeviceMental HealthmHealthPersonal HealthPsychologyTherapeutics
Series UnknownMar 5, 2025
Amount Raised: $6,371,950
Videobot

Turku, Western Finland, Finland

Increase your website engagement and lead conversion by offering an engaging way to navigate your website with a personalized video funnel.

MarketingWeb Development
Series UnknownFeb 25, 2025
Amount Raised: $2,933,488
MarketLeap

Luxembourg, Luxembourg, Luxembourg

The first complete AI-driven platform that empowers D2C sellers to scale effortlessly across global marketplaces.

Artificial Intelligence (AI)E-CommerceSoftware
Series AFeb 12, 2025
Amount Raised: $8,000,000
Aydo

Paris, Ile-de-France, France

Aydo offers a platform that bridges the gap between financial markets and unlisted investments.

AdviceFinancial ServicesFinTech
SeedNov 28, 2024
Sympower

Amsterdam, Noord-Holland, The Netherlands

Sympower unlocks revenue streams by maximising the value of flexibility across energy markets and industries.

Electrical DistributionEnergyEnergy ManagementRenewable EnergySmart CitiesSoftware
Series BNov 13, 2024
Amount Raised: $22,505,365
Accelex

London, England, United Kingdom

Accelex is a data acquisition, analytics, and reporting solutions provider for alternative investors and asset servicers.

AnalyticsArtificial Intelligence (AI)Data IntegrationFinancial ServicesFinTechMachine LearningSoftware
Series ANov 2, 2023
Amount Raised: $14,627,243