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Xpanceo

Xpanceo

Private
Dubai, DubaiFrontier & Industrial Techhttps://www.xpanceo.com

Last Round

Series A

Jul 8, 2025

Est. Valuation

$1.35B

Total Funding Raised

$290M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

Xpanceo is a deep-tech company founded in 2021 by physicist Valentyn S. Volkov and entrepreneur Roman Axelrod. Headquartered in Dubai, UAE, the company is developing a multifunctional smart contact lens intended to be the next generation of computing. The lens aims to integrate features such as augmented reality (XR), real-time health monitoring, night vision, and zoom capabilities into a single, invisible wearable device. Xpanceo's goal is to replace all personal gadgets with this all-in-one interface. The company has raised a total of $290 million, including a $40 million seed round in 2023 and a $250 million Series A round in July 2025, which valued the company at $1.35 billion. The funding is intended to accelerate product development, expand the team, and prepare for market launch.

Sector

Frontier & Industrial Tech

Verticals

AR/VR Hardware, Medical Devices, Sensors, Advanced Materials, Health IoT

Business Model

B2B

Customer Profile

Hardware Sales, Hardware + Subscription, Data as a Service

AI Layer

Application

Keywords

smart contact lensAR contact lensbiosensing lensinvisible computingcontinuous health monitoringbionic eyewearable computingnanophotonicsglaucoma monitoringnight visionglucose monitoringhealth IoT2D materialsmedical deviceAR hardware

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Caplight Momentum Score

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Xpanceo Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Xpanceo Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Series AJul 8, 2025
SeedOct 16, 2023

Key People

Founding team and executive leadership

Valentyn Volkov

Founder, CTO

Founding Team

Konstantin T.

Chief Financial Officer

Executive Team

Alexander Belugin

Chief Product Officer

Executive Team

Xpanceo Investors

Notable investors and investment history

InvestorRounds
Opportunity Venture (Asia)Series A

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 8, 2026

    Introduced a passive eye-tracking system for smart contact lenses.

  • Mar 6, 2026

    Presented a new concept for smart contact lenses at the International Mobile Conference 2026.

Xpanceo Filings

SEC and related filings with document metadata.

TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Xpanceo Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersDubai, Dubai
Employee Range67
Year Founded2021
Last FundingJul 8, 2025

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Disclaimer All investments involve risk, including the risk of loss of principal. You should carefully consider your investment objectives, risks, transaction costs and other expenses before deciding to invest in options, swaps or other investments.This does not constitute an offer by Caplight Technologies, Inc. to sell, or a solicitation of an offer to buy, any securities and may not be used or relied upon in connection with any offer or sale of securities. An offer or solicitation can be made only through the delivery of final offering document(s) and purchase agreement(s), and will be subject to the terms and conditions and risks delivered in such documents. Any securities offered are offered through Caplight Markets LLC, member FINRA/SIPC.