London’s Expedition Growth Capital raises €323 million Fund III to back bootstrapped European companies

Expedition Growth Capital, a British software-specialist development equity company, today introduced that it has actually elevated its 3rd fund of EUR323 million ($ 375 million), proceeding its concentrate on partnering with European firms without financial backing.

The oversubscribed raising was finished in 4 months, with majority of dedications from United States capitalists. Common preliminary financial investments are EUR8.6 million ($ 10 million) to EUR21.5 million ($ 25 million) in dimension

Oliver Thomas, Creator and Taking Care Of Companion at Exploration, claimed: “ We are happy to our existing and brand-new LPs for their depend on and assistance. They share our sentence that Europe’s domain-expert, bootstrapped creators are preferably positioned to construct durably important firms– integrating the power of software program and AI with a deep understanding of the markets they offer.”

European financing task in very early 2025 programs constant activity throughout AI-enabled venture software program and upright SaaS, with numerous statements pertinent to Exploration’s concentrate on domain-specific, bootstrapped or efficiency-driven software program companies.

Prague-based Bandits elevated EUR400k to development AI-powered process automation, while London start-up Model ML safeguarded EUR65 million to scale its AI procedures system for monetary solutions. Barcelona- and London-based Dost included EUR6.7 million to broaden its AI accounts-payable automation item right into the UK, and Barcelona’s Uxia elevated EUR1 million to create synthetic-user screening devices for item groups.

In the Nordics, Stockholm’s Spiich Labs safeguarded EUR600k for AI-driven CRM and sales-process automation, and Encube arised from stealth with EUR19 million to construct AI-supported style process for equipment and production groups.

Completely, these rounds total up to approximately EUR91 million, showing constant– however primarily early-stage– financial investment energy throughout Europe in software program and AI systems lined up with Exploration Development Funding’s emphasis locations.

In this context, Exploration’s EUR323 million fundraise stands for a substantially bigger swimming pool of growth-stage resources compared to the smaller sized, mostly Seed and Collection A rounds observed thus far in 2025, placing the company to attend to the scaling space encountered by revenue-generating European software program firms.

” The drive, creative thinking and strength of the creators we deal with goes to the heart of what we are constructing as a company– we thank them for selecting Exploration as their companion,” includes Thomas

Established In 2020, Exploration is a software program expert development equity company with workplaces in London and Boston that has actually constructed a profile of 17 bootstrapped software program trendsetters from 9 European nations, the bulk currently running in The United States and Canada.

Exploration is experts in sustaining firms to expand from EUR4.3 million+ ($ 5 million+) ARR in the direction of EUR43 million+ ($ 50 million+) with hands-on assistance in go-to-market development, tactical hires, and functional quality from the company’s worth production group, Exploration Workflow Team.

They utilize an exclusive AI-powered sourcing system to determine top quality, non-venture-backed software program firms. 2 of the company’s last 3 financial investments were determined with this system.

Profile firms consist of:

• Dougs, a Lyon-based AI-powered bookkeeping remedy utilized by over 30,000 organizations.
• epilot, a Cologne-based upright AI remedy driving electronic process in the power and energies sector.
• Factbird, a Copenhagen-based software program system enhancing manufacturing effectiveness at a few of the globe’s biggest suppliers.
• Omilia, an Athens-based agentic AI remedy for managed venture call centres.

EU-Startups has actually formerly included Exploration Development Funding in numerous records, consisting of insurance coverage of its financial investments right into Xensam (2024 ), Rentman (2023) and epilot (2024 ), highlighting the company’s continuous duty in financing European software program and AI-driven scale-ups.

The article London’s Expedition Growth Capital raises €323 million Fund III to back bootstrapped European companies showed up initially on EU-Startups.