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Expedition Growth Capital is a growth equity firm founded in 2020, with offices located in London and Boston. The firm focuses on investing in software and AI companies that have demonstrated significant traction with limited external funding. Expedition Growth Capital was established to provide capital for growth initiatives and shareholder liquidity while also offering operational expertise to support founders on their path to category leadership.
As of now, Expedition Growth Capital manages a fund size of $375 million and has invested in 17 companies. The firm emphasizes partnerships with bootstrapped founders who are seeking to scale their businesses effectively. Notable milestones include the rapid closure of Fund III in December 2025, which raised $375 million in just four months.
Expedition Growth Capital invests primarily in software and AI companies, targeting those that exhibit strong product-market fit and are on a trajectory of rapid growth. The firm typically engages in minority ownership positions, focusing on companies that generate over $1 million in annual recurring revenue (ARR) and achieve growth rates exceeding 20%. Their investment strategy emphasizes capital-efficient growth and includes operational support through the Expedition Operations Group.
This operational support encompasses assistance with go-to-market strategies, international expansion, talent development, and M&A support, enabling portfolio companies to scale efficiently. The firm’s geographic focus includes North America and Europe, with a particular interest in bootstrapped companies that have achieved significant traction.
Expedition Growth Capital has built a diverse portfolio of 17 companies, including:
These companies represent a mix of sectors, including AI, SaaS, and cybersecurity, showcasing Expedition's commitment to supporting innovative technology solutions.
Oliver Thomas: Founder and Managing Partner. Oliver has extensive experience in growth equity and has led numerous successful investments in the software sector.
Will Sheldon: Partner. Will brings a wealth of knowledge in operational support and has a strong background in scaling technology companies.
Jeetu Mahtani: Operating Advisor. Jeetu specializes in operational strategy and has a track record of helping companies optimize their growth.
Mike Ettling: Operating Advisor. Mike has significant experience in the software industry and provides insights into product development and market strategies.
Lance Olmsted: Operating Advisor. Lance focuses on talent development and organizational growth within portfolio companies.
Emily Orton: Operating Advisor. Emily has expertise in international expansion and helps companies navigate global markets.
To pitch Expedition Growth Capital, founders should use the contact information provided on their website or email info@expedition.capital. It is recommended to include a detailed deck that outlines the startup's traction, growth metrics, and how the investment will be utilized. Response times may vary, but founders should expect to hear back within a few weeks.
Expedition Growth Capital hosts the **Oxford Summit**, an event where founders and CEOs from its portfolio companies gather to share insights and experiences. This program fosters collaboration and knowledge sharing among portfolio companies, enhancing their growth strategies.
In December 2025, Expedition Growth Capital successfully closed Fund III, raising $375 million in just four months. This fund will continue to focus on investing in bootstrapped software and AI companies across North America and Europe.
Recent portfolio highlights include investments in companies such as Dougs, an AI-driven accounting platform, and ThreatSpike, a cybersecurity platform, both of which exemplify the firm's commitment to supporting innovative technology solutions.
Q?
What are the investment criteria for Expedition Growth Capital?
Expedition Growth Capital focuses on software and AI companies that have achieved significant traction, typically with over $1 million in ARR and a growth rate exceeding 20%. They prefer to engage in minority ownership positions.
Q?
How can startups apply or pitch to Expedition Growth Capital?
Startups can pitch to Expedition Growth Capital through their website at expedition.capital or via email at info@expedition.capital. They should include details about their traction, growth metrics, and how they align with Expedition's investment focus.
Q?
What makes Expedition Growth Capital different from other investors?
Expedition Growth Capital emphasizes operational support through the Expedition Operations Group, which aids portfolio companies in areas such as go-to-market strategies and international expansion, in addition to providing capital.
Q?
What is the geographic scope of Expedition Growth Capital's investments?
The firm primarily invests in North America and Europe, focusing on bootstrapped software and AI companies.
Q?
What is the typical check size for investments?
Expedition Growth Capital typically invests between €10 million and €30 million in its portfolio companies.
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