Expedition Growth Capital, a British software-specialist progress fairness agency, as we speak introduced that it has raised its third fund of €323 million ($375 million), persevering with its deal with partnering with European firms with out enterprise capital.
The oversubscribed increase was accomplished in 4 months, with greater than half of commitments from US traders. Typical preliminary investments are €8.6 million ($10 million) to €21.5 million ($25 million) in dimension
Oliver Thomas, Founder and Managing Companion at Expedition, mentioned: “We’re grateful to our present and new LPs for his or her belief and assist. They share our conviction that Europe’s domain-expert, bootstrapped founders are ideally positioned to construct durably beneficial firms – fusing the ability of software program and AI with a deep understanding of the industries they serve.”
European funding exercise in early 2025 exhibits regular motion throughout AI-enabled enterprise software program and vertical SaaS, with a number of bulletins related to Expedition’s deal with domain-specific, bootstrapped or efficiency-driven software program corporations.
Prague-based Bandits raised €400k to advance AI-powered workflow automation, whereas London startup Model ML secured €65 million to scale its AI operations platform for monetary providers. Barcelona- and London-based Dost added €6.7 million to develop its AI accounts-payable automation product into the UK, and Barcelona’s Uxia raised €1 million to develop synthetic-user testing instruments for product groups.
Within the Nordics, Stockholm’s Spiich Labs secured €600k for AI-driven CRM and sales-process automation, and Encube emerged from stealth with €19 million to construct AI-supported design workflows for {hardware} and manufacturing groups.
Altogether, these rounds quantity to roughly €91 million, indicating constant – although principally early-stage – funding momentum throughout Europe in software program and AI platforms aligned with Expedition Development Capital’s focus areas.
On this context, Expedition’s €323 million fundraise represents a considerably bigger pool of growth-stage capital in contrast with the smaller, predominantly Seed and Collection A rounds noticed to this point in 2025, positioning the agency to deal with the scaling hole confronted by revenue-generating European software program firms.
“The drive, creativity and resilience of the founders we work with is on the coronary heart of what we’re constructing as a agency – we thank them for selecting Expedition as their associate,” provides Thomas.
Based in 2020, Expedition is a software program specialist progress fairness agency with workplaces in London and Boston that has constructed a portfolio of 17 bootstrapped software program innovators from 9 European international locations, the bulk already working in North America.
Expedition specialises in supporting firms to develop from €4.3 million+ ($5 million+) ARR in direction of €43 million+ ($50 million+) with hands-on assist in go-to-market growth, strategic hires, and operational excellence from the agency’s worth creation staff, Expedition Operations Group.
They use a proprietary AI-powered sourcing platform to determine high-quality, non-venture-backed software program firms. Two of the agency’s final three investments had been recognized via this platform.
Portfolio firms embody:
- Dougs, a Lyon-based AI-powered accounting answer utilized by over 30,000 companies.
- epilot, a Cologne-based vertical AI answer driving digital workflows within the vitality and utilities business.
- Factbird, a Copenhagen-based software program platform bettering manufacturing effectivity at a number of the world’s largest producers.
- Omilia, an Athens-based agentic AI answer for regulated enterprise contact centres.
EU-Startups has beforehand featured Expedition Development Capital in a number of stories, together with protection of its investments into Xensam (2024), Rentman (2023) and epilot (2024), highlighting the agency’s ongoing position in funding European software program and AI-driven scale-ups.
