Apr 1, 2022
Expa is excited to announce that we’ve raised our third fund—$200M that will go towards building new companies in our startup studio as well as continuing to support founders through early-stage investments.
Throughout its growth, Expa has always retained a “builders-first” philosophy at its core. Our goal is simple: Find opportunities with talented founders, and help them build successful companies—with hands-on support.
Over the years, we’ve seen many ideas grow into successful businesses, and we are humbled to know that Expa was a part of that journey and growth.
Whether we are creating companies from scratch in our startup studio, or through early-stage investment support, Expa is committed to helping create the growth curve for each company from the very start.
Entrepreneurship isn’t just about seeing opportunity, it’s about taking action. At Expa, we aim to encourage both. We either invest in founders with great ideas, help them grow and prepare for their next funding round—or we bring those ideas into the world ourselves, incubating and building from the ground up.
Through our startup studio, we have worked with many founders and helped launch companies like Current, one of the top neo-banks in the U.S., Collective, an online, back-office platform for the self-employed, and Metabase, a popular open-source business intelligence tool. Several startups from Expa’s studio have already been acquired, such as CMD (sold to Elastic), Reserve (to Amex) and Kit (to Ro Health).
On the venture side, Expa seed-backed companies like Fabric, Radar, Statespace, Spatial, and Convoy have reached over $8B in value and raised over $1B in funding. Our key focus is to help prepare founders and their companies by providing the guidance they need to secure successful follow-on rounds. Over 80% of Expa’s seed companies went on to successfully raise their series A—nearly double the industry benchmark.
Expa has also recently opened an office in London, spearheaded by Expa Partner David Clark who has spent the last 18 years building businesses like Uber, Virgin Galactic, and KittyHawk out of the UK. This represents an opportunity for Expa to work more closely with European innovators, share our expertise and resources, and help provide a bridge to the U.S. market.
Building a successful startup isn’t easy. As founders ourselves, we understand that. But that’s also why we are able to help other founders navigate that journey effectively, preparing them for each stage of growth.
We’re excited about our next chapter. Let’s build together.
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