Audacia, Starburst and Rymdkapital join forces to form the first pan-European Venture Capital fund in the New Space, New Air Mobility and Defense sectors
Paris, September 20, 2022 – Aware that Europe is at a historic, multiple and decisive turning point for its technological sovereignty, Audacia, Starburst and Rymdkapital are joining forces to create a new Venture Capital fund dedicated to financing breakthrough innovations in the New Space, New Air Mobility and Defense sectors. Named EXPANSION, this project is unprecedented in Europe and will invest in start-ups in these sectors, from seed to Series B. EXPANSION is targeting a size of €300M and plans a first closing at €100M in the first quarter of 2023.