# Expedition Growth Capital

Expedition Growth Capital is a Private Equity based in London, United Kingdom.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** London, United Kingdom
- **Region:** Europe
- **Address:** London, United Kingdom
- **Founded:** 2020
- **Assets under management:** Over $500m (per the firm, 2026)
- **Website:** expedition.capital
- **LinkedIn:** https://www.linkedin.com/company/expeditiongrowthcapital

## Regulatory record

- **CRD number:** 325510
- **SEC file number:** 802-128795
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2025-06-27T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/325510

## About

Expedition Growth Capital is an exempt reporting adviser in London. It advises clients on investment strategies. The firm is based in London.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Cybersecurity
- Industrial Tech
- HR Tech
- Vertical AI

## Offices

- Boston, MA, United States

## People

- Oliver Thomas — Founder & Managing Partner
- Will Sheldon — Partner
- Steve Twomey — Partner

## Questions

### Who runs investment decisions at Expedition Growth Capital?

Founder and Managing Partner Oliver Thomas leads investment strategy and portfolio development. He works alongside Partners Will Sheldon, based in London, and Steve Twomey, who heads the Boston office. The three-partner structure governs investment decisions and board representation for the portfolio.

### Does Expedition Growth Capital lead investments or participate in syndicates?

Expedition leads majority and significant minority growth-stage rounds in bootstrapped software and AI companies. The firm serves on portfolio company boards, with named partners and principals holding board director or observer seats at companies such as Dougs, Lempire, Omilia, Rentman, Ringover, and Xensam.

### What is the firm's relationship with the Summit Partners alumni network?

Oliver Thomas spent six years as a senior investment professional at Summit Partners in London before joining HgCapital and later founding Expedition. Partner Steve Twomey spent twelve years at Summit's Boston office. The firm's investment cadence and operational rigor reflect that growth-equity heritage, though Expedition operates independently with its own fund structure.

### Does Expedition Growth Capital invest in companies outside of Europe and North America?

The firm focuses on companies headquartered in Europe and North America. With offices in London and Boston, Expedition targets portfolio companies with global ambitions, but its investment mandates center on those two regions.

### How does Expedition source deals, and does it use proprietary data?

Expedition maintains an in-house data and research team, led by a Head of Data & Research with a computational finance and molecular neurobiology background, that builds proprietary data platforms and automation workflows for thematic sourcing. The firm also leverages its operating advisor network and founder community for origination.

### What does the Expedition Operations Group do, and how is it staffed?

The Expedition Operations Group is the firm's in-house value-creation arm, staffed by Vice Presidents of Portfolio Operations and a roster of Operating Advisors with senior leadership experience at companies such as Darktrace, HubSpot, Unit4, Gong, and IFS. They work alongside portfolio company management on go-to-market, product, international expansion, and M&A — without replacing founder-led execution.

### How is Expedition Growth Capital III structured, and when did it close?

Fund III closed in April 2026 at $375 million in a first and final close. This brought the firm's total assets under management to over $500 million. The fund continues the firm's mandate of backing bootstrapped, capital-efficient software and AI companies across Europe and North America.

## Related profiles

- [Expedition Capital Partners](https://altss.com/profile/expedition-capital-partners)
- [Expeditions Fund](https://altss.com/profile/expeditions-fund)

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Last updated: 2026-08-14T12:30:00.000Z

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