Invest
Invest
Invest
Invest with Expon Capital
Backing the builders
of tomorrow.
Backing the builders
of tomorrow.
Backing the builders
of tomorrow.
Expon Capital is a registered and regulated venture capital firm, established in 2015 and supervised by CSSF in Luxembourg. We offer sophisticated investors access to a portfolio of early-stage European technology companies through a structured, transparent, and founder-aligned investment approach.
Expon Capital is a registered and regulated venture capital firm, established in 2015 and supervised by CSSF in Luxembourg. We offer sophisticated investors access to a portfolio of early-stage European technology companies through a structured, transparent, and founder-aligned investment approach.
Our funds
Built on a decade
of conviction.
Built on a decade
of conviction.
We launch a new fund every three years, each building on the track record and network of the previous.
We launch a new fund every three years, each building on the track record and network of the previous.
Currently raising
Digital Tech Fund IV
Our newest vintage — targeting early-stage digital and deep tech startups from Luxembourg or expanding to Luxembourg. Building on a decade of conviction investing.
Our newest vintage — targeting early-stage digital and deep tech startups from Luxembourg or expanding to Luxembourg. Building on a decade of conviction investing.
Vintage
2026
Stage
Pre-Seed, Seed, Series A
Country
Luxembourg HQ or subsidiary
Structure
Luxembourg SICAR
Status
Open to investors
Previous vintages
Digital Tech Fund III
2023
2023
2023
Digital Tech — Seed
Closed
Closed
Digital Tech — Seed
Digital Tech Fund II
2019
2019
2019
Digital Tech — Seed
Closed
Closed
Digital Tech — Seed
Digital Tech Fund I
2016
2016
2016
Digital Tech — Seed
Closed
Closed
Digital Tech — Seed
Expon I
2017
2017
2017
Scale-up — Series B
Closed
Closed
Scale-up — Series B
Built on a decade
of conviction.
Legal structure
Built on a SICAR —
regulated, transparent,
investor-first.
Built on a SICAR —
regulated, transparent,
investor-first.
Built on a SICAR — regulated, transparent,
investor-first.
All Expon Capital funds are structured as a SICAR (Société d'Investissement en Capital à Risque) — a Luxembourg-regulated investment vehicle specifically designed for risk capital investing. Authorised and supervised by the CSSF (Commission de Surveillance du Secteur Financier), our structure offers institutional-grade governance combined with the flexibility required for venture investing.
All Expon Capital funds are structured as a SICAR (Société d'Investissement en Capital à Risque) — a Luxembourg-regulated investment vehicle specifically designed for risk capital investing. Authorised and supervised by the CSSF (Commission de Surveillance du Secteur Financier), our structure offers institutional-grade governance combined with the flexibility required for venture investing.
Registered Manager
Expon Capital is a registered AIFM monitored by CSSF, Luxembourg's financial regulator. This ensures compliance with EU Alternative Investment Fund Manager (AIFM) directive and EuVECA regulation and provides investors with a high level of regulatory protection.
Expon Capital is a registered AIFM monitored by CSSF, Luxembourg's financial regulator. This ensures compliance with EU Alternative Investment Fund Manager (AIFM) directive and EuVECA regulation and provides investors with a high level of regulatory protection.
SICAR Structure
The SICAR is a Luxembourg legal form designed for sophisticated investors wishing to invest in risk capital. It benefits from a favourable tax regime and is reserved for "well-informed investors" — institutional, professional, or those investing a minimum of €100.000.
The SICAR is a Luxembourg legal form designed for sophisticated investors wishing to invest in risk capital. It benefits from a favourable tax regime and is reserved for "well-informed investors" — institutional, professional, or those investing a minimum of €100.000.
Informed Investor Status
Access to our funds is reserved for well-informed investors as defined under Luxembourg law — institutional investors, professional investors, and any investor who confirms their awareness of the risks involved and invests a minimum of €100.000.
Access to our funds is reserved for well-informed investors as defined under Luxembourg law — institutional investors, professional investors, and any investor who confirms their awareness of the risks involved and invests a minimum of €100.000.
New fund every ~3 years
We launch a new vintage approximately every three years, allowing investors to re-engage with each new fund cycle. Each fund builds on the learnings, portfolio, and network of its predecessors — creating compounding value over time.
SICAR Structure
The SICAR is a Luxembourg legal form designed for sophisticated investors wishing to invest in risk capital. It benefits from a favourable tax regime and is reserved for "well-informed investors" — institutional, professional, or those investing a minimum of €100.000.
Informed Investor Status
Access to our funds is reserved for well-informed investors as defined under Luxembourg law — institutional investors, professional investors, and any investor who confirms their awareness of the risks involved and invests a minimum of €100.000.
New fund every ~3 years
We launch a new vintage approximately every three years, allowing investors to re-engage with each new fund cycle. Each fund builds on the learnings, portfolio, and network of its predecessors — creating compounding value over time.
All Expon Capital funds are structured as a SICAR (Société d'Investissement en Capital à Risque) — a Luxembourg-regulated investment vehicle specifically designed for risk capital investing. Authorised and supervised by the CSSF (Commission de Surveillance du Secteur Financier), our structure offers institutional-grade governance combined with the flexibility required for venture investing.
Why invest with us
A decade of conviction
in European tech.
A decade of conviction
in European tech.
A decade of conviction
in European tech.
01
Operator-led investment approach
Our partners are entrepreneurs first. We've built and scaled companies ourselves — which means we know how to identify exceptional founders early, before the market catches up.
Our partners are entrepreneurs first. We've built and scaled companies ourselves — which means we know how to identify exceptional founders early, before the market catches up.
02
Luxembourg-anchored, European reach
Based in the heart of Europe, we benefit from Luxembourg's unique position as multilingual and international country — giving our portfolio companies a great starting point with global reach; 90% of revenues from our portfolio companies are from outside of Luxembourg
Based in the heart of Europe, we benefit from Luxembourg's unique position as multilingual and international country — giving our portfolio companies a great starting point with global reach; 90% of revenues from our portfolio companies are from outside of Luxembourg
03
Co-investment opportunities
Our LP network benefits from co-investment opportunities alongside the fund — enabling direct participation in selected portfolio companies at the same terms as the fund.
Our LP network benefits from co-investment opportunities alongside the fund — enabling direct participation in selected portfolio companies at the same terms as the fund.
04
Uncapped potential
We invest in ambitious projects at pre-seed and seed stage with low entry valuation. Several of our portfolio companies have already reached Series B stage and beyond with a strong growth trajectory.
We invest in ambitious projects at pre-seed and seed stage with low entry valuation. Several of our portfolio companies have already reached Series B stage and beyond with a strong growth trajectory.
05
A growing portfolio of 30+ companies
Across four fund vintages, we have built a portfolio of over 30 digital and deep tech companies — with exits, follow-on rounds, and a track record that speaks for itself.
Across four fund vintages, we have built a portfolio of over 30 digital and deep tech companies — with exits, follow-on rounds, and a track record that speaks for itself.
Get in
touch.
Interested in investing with Expon Capital? Fill in the form and one of our team members will get back to you.
Interested in investing with Expon Capital?
Fill in the form and a team member will get back to you.
Get in
touch.
You can also send an e-mail to deal@exponcapital.com
Or reach us directly at
deal@exponcapital.com
By submitting this form you confirm you are a well-informed investor as defined under Luxembourg law,
or are seeking information to assess whether you qualify.
203 Rte d'Arlon
1150 Belair, Luxembourg
Newsletter
News and insights from the Luxembourg tech ecosystem.
© 2025 Expon Capital. Authorised and regulated by the CSSF. All rights reserved.
203 Rte d'Arlon
1150 Belair, Luxembourg
Newsletter
News and insights from the Luxembourg tech ecosystem.
© 2025 Expon Capital. Authorised and regulated by the CSSF. All rights reserved.