
Expon Capital
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
Frequently Asked Questions
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