Investor profile
Expedition Growth Capital
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Expedition Growth Capital is a software-specialist growth equity firm that partners with rapidly growing, bootstrapped software and AI companies that have a use for capital, not a need for it. The firm focuses on Europe's founder-led, capital-efficient software companies that have achieved significant traction — typically $5m+ ARR — without venture capital, helping them scale toward $50m+ ARR through minority growth equity investments of $10–25m, providing capital for growth initiatives and shareholder liquidity. Expedition brings hands-on operational support via its Expedition Operations Group, covering go-to-market expansion, strategic hires, and operational excellence, with a particular emphasis on transatlantic scaling from Europe into North America. The firm uses a proprietary AI-powered sourcing platform to identify high-quality, non-venture-backed software companies and is typically the first institutional investor, partnering with domain-expert founders on their path to category leadership rather than pursuing 'growth at all costs' strategies.
Notable quotes
“We are grateful to our existing and new LPs for their trust and support. They share our conviction that Europe's domain-expert, bootstrapped founders are ideally placed to build durably valuable companies - fusing the power of software and AI with a deep understanding of the industries they serve.”
“Xensam is one of the most impressive European growth companies we've come across. In the nearly eight years they have been operating, they have built a critical solution which is enabling companies with thousands of employees to track, monitor and manage software usage. We're delighted to be working closely with the company as their first external investors and look forward to being a part of their growth journey.”
“BoondManager is a great example of an Expedition company, namely a profitable, bootstrapped software company led by disciplined, ambitious entrepreneurs who are experts in their field. We see a great opportunity for Boond to extend its leadership position in France and further develop its international customer base.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Nesto | Growth | $12m | 2026-04 |
| Fabriq | Growth | $25m | 2025-06 |
| ThreatSpike | Growth | $14m | 2025-06 |
| epilot | Growth | $11m | 2024-07 |
| Xensam | Growth | $40m | 2024-02 |
| Boond (BoondManager) | Growth | $35m | 2024-02 |
| Rentman | Growth | $22m | 2023-12 |
| Dougs | Growth | $27m | 2023 |
| Omilia | Growth | — | 2022 |
| Ringover | Growth | $22m | 2022 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| EIFO (Export and Investment Fund of Denmark) | 1 |
| Grafton Capital | 1 |
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