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Expa Ec3 Mgmt, LLC

Emerging manager

SEC exempt reporting adviser (venture capital exemption).

HQ
CA

Expa is a company studio that provides design, operational support, and capital to startups. Its portfolio includes Aero, a premium jet service; Current, a US neo-bank; Cmd, a cybersecurity platform; Iconic, a tool for selling a business; Collective, a back-office platform for the self-employed; Layer, a digital art platform; Pin, a 24/7 recruiting assistant; Torch, a health data tool; and Norm Ai, a regulatory AI agent platform.

New fund likely raising soon

The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.

01 · Says / Does

TagSaysDoesHistorically (to 2020)
StagesNot statedNot enough dated dealsSeed, Series A, Series B
SectorsNot statedNot enough dated dealsConsumer, Hardware, HR and future of work, Ecommerce, Fintech, Construction and proptech, Enterprise SaaS
RegionsNot statedNot enough dated dealsCA, NY

Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.

Historical focus (through 2020), derived from historical deal data.

YearDealsTop sectors
20131AI applications, Cybersecurity, Data analytics
20151Consumer, Ecommerce
20168Consumer, Ecommerce, Marketplaces
201710Consumer, Fintech, HR and future of work
20187Fintech, Hardware, HR and future of work
20195Construction and proptech, Consumer, Cybersecurity
20205Hardware, Construction and proptech, Gaming

Stage mix over time

2013 Series B: 113142015 Series A: 1152016 Seed: 52016 Series B: 1162017 Pre-seed: 22017 Seed: 62017 Series A: 12017 Series B: 1172018 Pre-seed: 12018 Seed: 52018 Growth: 1182019 Seed: 22019 Series A: 12019 Series B: 2192020 Seed: 12020 Series A: 420212223242526
  • Pre-seed
  • Seed
  • Series A
  • Series B
  • Growth
Share of rounds by stage, per year. Striped years have fewer than 3 rounds.Historical focus (through 2020), derived from historical deal data.
Rounds by stage and year
YearPre-seedSeedSeries ASeries BGrowth
201300010
201400000
201500100
201605010
201726110
201815001
201902120
202001400
202100000
202200000
202300000
202400000
202500000
202600000

02 · Fund history

FundYearSizeStatus
Expa Capital III, L.P.approx. 2021$200M (Form D)Follow-ons only

03 · People across funds

  • David Clark, Managing Member of the General Partner

    Expa Capital III, L.P. (Named on Form D)

  • Milun Tesovic, Managing Member of the General Partner

    Expa Capital III, L.P. (Named on Form D)

  • Roberto Sanabria, Managing Member of the General Partner

    Expa Capital III, L.P. (Named on Form D)

  • Kristin (Stannard) Kent, Principal

    Expa Capital III, L.P. (Team)

  • Lisa Besserman, Managing Director

    Expa Capital III, L.P. (Team)

  • Dylan Itzikowitz, Associate

    On the team page, not linked to a fund

  • George Radford, Principal

    On the team page, not linked to a fund

  • Hooman Radfar, Partner

    On the team page, not linked to a fund

  • Naveen Selvadurai, Partner

    On the team page, not linked to a fund

  • Yuri Namikawa, Principal

    On the team page, not linked to a fund

04 · Recent deals

  • Jun 30, 2024Norm AiSeedFirmsource

05 · Latest from the firm

06 · Sources

  1. https://expa.com
  2. https://www.expa.com/contact/
  3. https://www.expa.com/
  4. https://www.expa.com/about/
  5. https://www.expa.com/news/dylan-itzikowitz-s-promotion-to-principal
  6. https://www.expa.com/news/why-we-invested-norm-ai
  7. https://www.expa.com/news/

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 25, 2026