YPOG advises Expeditions and Project A on Project Q's Series A financing round

YPOG has advised early-stage investor Expeditions, a Warsaw and London-based firm that recently closed its EUR 197 million second fund to invest in defence companies, as lead investor and existing investor Project A on the Series A financing round of defense tech company Project Q. The company raised EUR 15 million in this financing round. The financing also included defense electronics specialist HENSOLDT, investment company Heliad and other existing investors.  

Project Q develops HYDRIS, a European open-source integration and orchestration platform for defense and security applications. The software enables the vendor-agnostic integration of sensors, unmanned systems, command-and-control (C2) platforms and other technologies within a single operational environment. Its aim is to bring together fragmented data and support operational decision-making.

With the proceeds from the financing round, Project Q intends to further develop HYDRIS and scale the platform. The funding will primarily be used to expand the platform's software capabilities and advance the development of AI-powered applications for the defense sector.

“The financing round underscores the growing importance of software-based infrastructure for modern defense and security systems. European solutions that enable interoperability and strengthen technological sovereignty are becoming increasingly strategically relevant. We are delighted to have supported Expeditions and Project A in this transaction,” says Dr. Frederik Gärtner, Partner at YPOG.

Team

Dr. Frederik Gärtner (Co-Lead, Transactions) Partner, Berlin  
Dr. Ferdinand Cadmus (Co-Lead, Transactions), Associated Partner, Berlin/Hamburg  
Dr. Maximilian Mense (Transactions), Associate, Berlin
Anna Eickmeier (IP/IT/Data Protection), Associated Partner, Berlin
Dr. Sarah Sostak (Transactions), Associate, Berlin 
Konstantina Nathanail (IP/IT/Data Protection), Associate, Berlin 

About Expeditions

Expeditions is the leading early-stage investor in the future of European security. Founded in 2021 by a team of early researchers and pioneers in the future of warfare, Expeditions invests in leading startups at the intersection of security and deep tech. It is a champion for innovation in these crucial sectors, breaking down institutional resistance to enable exceptional European founders to succeed.

About Project A

Project A is a leading European early-stage investor with assets under management of EUR 1.2 billion. The firm supports ambitious founders from idea to scale-up with capital, operational expertise and a unique studio model. Its investment focus is on future-defining areas such as fintech, European resilience, global supply chains and the future of autonomous work. The portfolio includes, among others, Trade Republic, Sennder, Zepz and Quantum Systems.