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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.

 

About us

YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard. 
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich. 

Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog