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BAE-Backed Venture Capital Firm Expeditions Raises €197 Million Fund for European Defense Startups

BAE-Backed Venture Capital Firm Expeditions Raises €197 Million Fund for European Defense Startups
Bloomberg Technology Tuesday 07 July 2026, 07:30 UTC By Zosia Wanat 1 min read
Key Points

Startups BAE-Backed Venture Capital Firm Expeditions Raises €197 Million Fund for European Defense Startups A defense-tech venture capital firm backed by BAE Systems and the NATO Innovation Fund has raised a €197 million ($225 million) fund to help develop sovereign military technologies in Europe. With the new fund, Expeditions plans to invest in as many as 40 early stage startups that build technologies with immediate operational relevance to the continent’s critical defense capability...

Startups BAE-Backed Venture Capital Firm Expeditions Raises €197 Million Fund for European Defense Startups A defense-tech venture capital firm backed by BAE Systems and the NATO Innovation Fund has raised a €197 million ($225 million) fund to help develop sovereign military technologies in Europe. With the new fund, Expeditions plans to invest in as many as 40 early stage startups that build technologies with immediate operational relevance to the continent’s critical defense capability gaps, Mikolaj Firlej, a general partner at the Warsaw-headquartered company, said in an interview. [Image text:] BAESYSTEMS BAESYSTEMS
BAE-Backed Venture Capital Firm Expeditions (ORG) European Defense Startups Startups BAE-Backed (ORG) European Defense Startups A (ORG) BAE Systems (ORG) the NATO Innovation Fund (ORG) Europe (LOCATION) Expeditions (ORG) Mikolaj Firlej (PERSON) Warsaw (LOCATION)
Originally published by Bloomberg Technology Read original →

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