Resilience in action

At bm|t we have often high­ligh­ted bold­ness as a cen­tral qua­lity for foun­ders and com­pa­nies navi­ga­ting change. As 2026 unfolds, ano­ther theme is moving to the fore­ground: resi­li­ence in action – the ability not only to endure a chal­len­ging envi­ron­ment, but to con­vert it into con­crete pro­gress. In a mar­ket still shaped by sel­ec­tive fun­ding, hig­her capi­tal costs and rapid tech­no­lo­gi­cal shifts, resi­li­ent foun­ders are those who keep exe­cu­ting, laun­ching pro­ducts and ente­ring mar­kets despite uncertainty.

In this sense, Q1 2026 has alre­ady shown how resi­li­ence, com­bi­ned with tech­no­lo­gi­cal depth, con­ti­nues to under­pin strong invest­ment cases in our port­fo­lio. With new finan­cing rounds and fresh port­fo­lio addi­ti­ons, we see once again how Thu­rin­gia-lin­ked inno­va­tors are sha­ping key tech­no­logy fields – from IoT and edge com­pu­ting to the energy tran­si­tion. Tog­e­ther with our co-inves­tors and part­ners, bm|t remains com­mit­ted to sup­port­ing these foun­ders with capi­tal, exper­tise and a long-term perspective.

Your bm|t Team

2025 Review

2025 was ano­ther strong year for the funds and the port­fo­lio mana­ged by bm|t. In total, four Inves­tee Part­ner exi­ted, led by the head­line-making acqui­si­tion of Spleen­lab by Ger­man defence uni­corn Quan­tum Sys­tems – a tran­sac­tion that show­ca­sed the long-term value crea­tion pos­si­ble from early-stage invest­ments in Thu­rin­gia. Addi­tio­nal exits included Zei­len­wert, sci­e­nova and Crowd­Ar­chi­tects, fur­ther under­li­ning the gro­wing depth and matu­rity of the regio­nal inno­va­tion ecosystem.

Deal flow and capi­tal rai­sing also remained robust despite a chal­len­ging macroe­co­no­mic back­drop. Over the course of the year, com­pa­nies in the port­fo­lio par­ti­ci­pa­ted in a total of forty finan­cing rounds. bm|t par­ti­ci­pa­ted in twenty-five of these rounds, wel­co­ming six new com­pa­nies into the port­fo­lio and sup­port­ing eigh­teen Inves­tee Part­ners with fol­low-on rounds, while com­pa­nies in the port­fo­lio par­ti­ci­pa­ted in six­teen finan­cings of at least €1 mil­lion. Altog­e­ther, bm|t backed com­pa­nies rai­sed appro­xi­m­ately €110 mil­lion in 2025 – a clear sign of inves­tor con­fi­dence in the qua­lity and resi­li­ence of Thu­rin­gia-based innovators.

Follow-on Round

TGFS, bm|t and Com­pa­nisto have jointly finan­ced the next growth phase of the deept­ech startup Pee­riot GmbH with a seven-figure late-seed round. The capi­tal will be used to drive the mar­ket launch of Peeriot’s enab­ling IoT run­time tech­no­logy, with a par­ti­cu­lar focus on the com­mu­nity ver­sion of Myrmic.

Peeriot’s midd­le­ware addres­ses one of the lar­gest chal­lenges in the IoT mar­ket: the high com­ple­xity of soft­ware deve­lo­p­ment for dis­tri­bu­ted sys­tems. The solu­tion abs­tracts the under­ly­ing hard­ware, allo­wing appli­ca­ti­ons to be deve­lo­ped and ope­ra­ted inde­pendently of the under­ly­ing device—from high-per­for­mance edge com­pu­ters to resource-cons­trai­ned micro­con­trol­lers (MCUs). This leads to a signi­fi­cantly shorter deve­lo­p­ment time, lower cost, and increased secu­rity. For bm|t, this fol­low-on round builds on our ear­lier invest­ment and under­lines our con­vic­tion in sca­lable deept­ech busi­ness models.

For more infor­ma­tion please read this press release.

Welcome to the Family

ad hoc energy AG: Our latest addi­tion to the bm|t port­fo­lio – ad hoc energy AG – acts as a spe­cia­li­zed full-ser­vice part­ner for the imple­men­ta­tion and ope­ra­tion of large-scale bat­tery energy sto­rage sys­tems (BESS) throug­hout the entire pro­ject life­cy­cle. Its 360° approach encom­pas­ses fea­si­bi­lity stu­dies, turn­key con­s­truc­tion, and tech­ni­cal and com­mer­cial manage­ment. Lever­aging the exper­tise of its share­hol­ders, the com­pany harnes­ses syn­er­gies from the con­s­truc­tion, IT, and energy sec­tors to effi­ci­ently advance the local energy tran­si­tion for muni­ci­pa­li­ties and indus­try in Thuringia.

The invest­ment fits seam­lessly into bm|t’s stra­tegy of sup­port­ing inno­va­tive com­pa­nies that are dri­ving the trans­for­ma­tion of key infra­struc­ture and con­tri­bu­ting to the long-term com­pe­ti­ti­ve­ness of Thu­rin­gia and Europe by ensu­ring a relia­ble sup­ply of afforda­ble energy in cen­tral Germany.