# Enterprise Expansion Fund

> Enterprise Expansion Fund is a VC fund in London backing Smart Cities and Manufacturing. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: London, United Kingdom
- Total investments: 2
- Last investment: Sep 2025
- Lead investor: 50%
- Last updated: Aug 2026

Enterprise Expansion Fund is a VC fund in London focused on Smart Cities and Manufacturing. Enterprise Expansion Fund (ENEF), is an entity that finances small and medium-sized enterprises with high growth potential to support the development and expansion of their businesses.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Smart Cities | 1 | 50% |
| Manufacturing | 1 | 50% |
| Consumer Software | 1 | 50% |
| Energy Management | 1 | 50% |
| Internet of Things | 1 | 50% |

7 industries tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Serbia | 1 | 50% |
| United States | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Meter and Control | Meter and Control provides hardware and software solutions for smart energy management in industrial and residential environments. Their products include smart electricity metres with PLC and GPRS/3G communication, data concentrators and gateways, communication and switching modules, and AMM/AMI software for remote metre reading andcommercial and residential power consumption management. | $10.6M | Debt Financing | Sep 09, 2025 |  |
| HTEC | HTEC offers end-to-end digital engineering, AI strategy, and product design and development services. It delivers innovation strategy, experience design, technical architecture, and embedded hardware solutions across industries like healthcare, fintech, automotive, and enterprise software. The firm integrates data analytics, machine learning, IoT,blockchain, and AI-first methodologies to support clients in modernizing systems, building intelligent products, and preparing for generative AI adoption. Its delivery model includes centers of excellence and specialized units such as HTEC.ai and Momentum Design Lab to stitch together research, design, and engineering capabilities. HTEC partners with enterprises and startups to solve complex challenges, accelerate time to market, and embed emerging technologies into scalable digital solutions. | $14.2M | Debt Financing | Aug 19, 2020 |  |

2 of 2 investments shown.

## Co-investors
- [European Bank for Reconstruction and Development](https://shizune.co/investors/profile/european-bank-for-reconstruction-and-development-ebrd) — VC Fund, 2 deals together

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

### Similar country
- [European Bank for Reconstruction and Development](https://shizune.co/investors/profile/european-bank-for-reconstruction-and-development-ebrd) — VC Fund
- [South Central Ventures](https://shizune.co/investors/profile/sc-ventures) — VC Fund
- [Credo Ventures](https://shizune.co/investors/profile/credo-ventures) — VC Fund

## Featured in investor lists
- [All VC Funds in Serbia](https://shizune.co/investors/vc-funds-serbia)

## FAQ

### What does Enterprise Expansion Fund invest in?

Enterprise Expansion Fund invests primarily in Smart Cities, Manufacturing and Consumer Software startups, most often at Debt Financing stage. Most of the 2 investments tracked by Shizune back companies in Serbia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Enterprise Expansion Fund last invest?

The most recent investment recorded for Enterprise Expansion Fund closed in Sep 2025. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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