Merantix Capital closes a €103m fund to back early-stage European AI
Merantix Capital has closed a €103m fund to invest in early-stage, AI-native teams across Europe, the Berlin firm announced on 4 June. The fund is more than three times the size of its first vehicle, which co-founders Rasmus Rothe and Adrian Locher raised at roughly €30m, and it widens the firm’s remit from companies built in-house to startups founded anywhere on the continent.
The structure is the distinctive part. The fund is split evenly: half its capital goes to founders who work with the Merantix team from the “pre-idea” stage, validating concepts through the firm’s ecosystem and building at the Merantix AI Campus in Berlin, and the other half goes to direct investments in pre-seed and seed-stage companies.
The firm plans around 40 investments in total, with cheques running from about €1m to €3m, and investment teams based in Berlin and London writing across Europe.
The thesis is industry-specific...
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