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XPANCEO

XPANCEO

Active

Smart contact lens for AR and health sensing (in R&D)

Dubai, UAEFounded 2021
HealthTechAI & Machine Learning

XPANCEO is a deep-tech company developing a smart contact lens intended to combine an augmented-reality microdisplay, health biosensing, night vision and zoom in a single lens built from atom-thin materials. The technology is in R&D and is not commercially available: the company reported 15 working prototypes at the time of its July 2025 Series A, and its stated roadmap targets a first fully integrated prototype by the end of 2026, to be presented publicly in early 2027.

Founders

Roman Axelrod

Founder, Managing Partner

Dr. Valentyn S. Volkov

Founder, CTO

Funding Rounds

Series AJul 2025
$250M

Lead: Opportunity Venture (Asia)

Investors: Opportunity Venture (Asia)

Investors: Opportunity Venture (Asia).

SeedOct 2023
$40M

Lead: Opportunity Venture (Asia)

Investors: Opportunity Venture (Asia)

Company calls it a Seed round (also so labelled in its July 2025 unicorn release). Bootstrapped by co-founder Roman Axelrod's prior exits before this round per TechCrunch — no earlier round. Also: https://www.wamda.com/2023/10/xpanceo-raises-40-million-seed-launch-ar-contact-lenses https://techcrunch.com/2023/10/16/xpanceo-a-deep-tech-startup-raises-40m-to-focus-on-smart-contact-lenses/ https://www.finsmes.com/2023/10/xpanceo-raises-40m-in-seed-funding.html Confidence: confirmed (round 13, Zawya (company press release)).

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