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Expansion Ventures announces having closed a first tranche of 137 million euros for his fund SLP Expansiondedicated to space technologies and sustainable aviation. This financing round marks the ambition to develop a competitive European ecosystem in these strategic sectors.
A lever for European technological sovereignty
Led by the French investment management company AudaciaExpansion SLP’s mission is to fill the venture capital gap in the space and aerospace sectors in Europe. According to Space Capital IQ data, only 1.4 billion USD were invested in European space startups in 2024, compared to 11.5 billion USD for their American counterparts.
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“Space is becoming a standard sector with exponential annual growth. Expansion Ventures intends to capture this dynamic by supporting entrepreneurs who innovate in this field,” says Charles BeigbederGeneral Partner of the fund.
An already promising portfolio
With 19 investments made to dateExpansion Ventures is already establishing itself as a key player in the sector. Among the companies supported:
- Satellite launchers: Latitude, HyPrSpace
- In-orbit services: ION-X, Arkadia, Osmos-X
- Carbon-free aviation: Ascendance Flight Technologies, WaltR
- Space tourism: Zephalto
The fund plans to finance around 30 startupsranging from the seed phase to series A and B, to strengthen their development and respond to the challenges of energy transition and global competitiveness.
A pan-European fund with global ambitions
With offices in Paris and StockholmExpansion Ventures embodies a pan-European approach. Supported by institutional investors such as insurance companies, banks and the European Investment Fund (EIF)the fund aims to final closing at 200 million euros.
