BAE-Backed Expeditions Raises €197M Fund for European Defence Startups
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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.
BAE-backed Expeditions raises €197M fund for European defence startups
Expeditions, the Warsaw-based venture firm backed by BAE Systems and the NATO Innovation Fund, has closed a €197m ($225m) fund to back the next wave of European defence startups. The raise caps a boom that has seen defence prime BAE commit €50M to outside VCs and venture capital pour into the continent’s defence tech at record speed. The […] This story continues at The Next Web
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BAE Systems and Keysight back Expeditions' €197M fund for European defence tech
Expeditions has closed its second fund at €197 million, surpassing the revised target of €150 million. Keysight Technologies is a new investor in this round. This closing confirms that BAE Systems’ €25 million Launchpad investment, first reported by TFN in June, is included in the final fund. Cambridge Associates reports that Fund I’s portfolio, which features Alpine Eagle and Nu Quantum, places Expeditions among the top 0.01% of funds worldwide…
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