Polish Expeditions Fund II Secures Over €100M For Cybersecurity, AI, Quantum, And Defence Investments

Founded in 2021 by defence and tech experts Dr. Mikolaj Firlej and Stanislaw Kastory, Expeditions backs founders at the intersection of deep tech and security, covering cybersecurity, defence, AI, quantum computing, autonomy, privacy, communications, and space technologies.

Fund II has already invested in seven companies, including Lendurai, Orasio, and Q, supporting nearly 30% of Europe’s top 30 defence startups. Its limited partners include the NATO Innovation Fund, the Polish Development Fund, and tech executives from Skype, Wise, Bolt, and Snowflake.

Read Also - Amsterdam’s Clear.bio Raises €1.7M Funding

Dr Mikolaj Firlej, co-founder and General Partner, says: “Europe no longer has the luxury of time or waiting on the sidelines. Our mission is to back the founders driving the economic and geopolitical renewal that will define Europe’s role in the 21st century. Expeditions backs the most high-potential founders at an early stage for the long-term, delivering patient capital and our team’s leading industry expertise. As threats to global security evolve, Europe is entering a golden age of innovation, and this fund will support the entrepreneurs driving it.”

Expeditions’ strength lies in its combined defence and technology expertise, allowing it to spot transformative startups others may miss. Its portfolio spans AI-driven cybersecurity, autonomous systems, quantum computing and advanced communication and privacy solutions.

The firm aims to complete Fund II’s final close by the end of 2025, continuing to drive innovation critical to European sovereignty and global security. Beyond funding, Expeditions focuses on policy engagement and ecosystem building, creating the partnerships, infrastructure and regulatory framework that enable European security tech startups to scale globally.

About Expeditions

Expeditions is a leading early-stage investor in European security, backing dual-use deep tech startups across cybersecurity, defence, AI, quantum, autonomy, privacy, communications, and space. The firm supports visionary founders with capital, expertise and policy engagement, driving innovation and enabling European security tech to thrive globally.