Expedition Growth Capital Closes Second Fund at €250 Million Hard Cap
- Fund Announcement : Expedition Growth Capital closes second fund, Expedition Growth Capital II ("Fund II"), at hard cap of €250 million ($270 million).
- Investment Strategy : Fund II will focus on minority growth investments in European software companies led by founders, providing growth capital and shareholder liquidity.
- Previous Performance : Expedition's first fund portfolio consists of 10 bootstrapped software companies, which have doubled revenues on average in a capital-efficient manner since initial investment.
- Investor Base : Commitments for Fund II came from global investors, including university endowments, charitable foundations, fund of funds, software entrepreneurs, and family offices.
- Legal Representation : Akin Gump Strauss Hauer & Feld and Carey Olsen served as fund counsel.
Expedition Growth Capital's Press Release on LinkedIn
