In 2022, bm|t’s investee partners secured over 90 million euros in equity and mezzanine capital despite the tragic geopolitical and challenging macroeconomic environment. The investments were distributed among 32 companies, including three new bm|t Investee partners. Funds managed by bm|t committed approximately EUR 16 million and co-investors committed approximately EUR 75 million. Last year, 12 bm|t Investee partners raised seven-figure sums. In addition, bm|t also realized two excellent exits in 2022, which brought in a total of approximately EUR 15 million.
“2022 was an encouraging and motivating year for bm|t, as our Investee partners demonstrated exceptional resilience, creativity, and in some cases, even strong growth, in what unfortunately continues to be a challenging environment,” commented Kevin Reeder, CEO of bm|t. Reeder continued: “Achieving this level of investment in a time of multiple crises is clear evidence of the strength of Thuringia’s innovation landscape. We feel encouraged by the results of the past year and will continue to support innovations in Thuringia in the future through attractive investments in promising companies. We at bm|t are also very grateful, because these results would not be possible without the good cooperation with our valued partners.”
Since 2017, bm|t’s Investee Partners have secured over EUR 600 million in equity and mezzanine investments, with funds managed by bm|t contributing over EUR 125 million and other investors contributing over EUR 480 million. During this period, more than 10 exits generated total returns of over EUR 100 million with invested capital of around EUR 28 million for the funds managed by bm|t. Reeder concluded, “Several significant and highly profitable exits in recent years are clear evidence that excellent investment returns can be achieved here in the Free State of Thuringia, which we believe remains surprisingly under the radar of most investors.”
bm‑t beteiligungsmanagement thüringen (bm|t), based in Erfurt, is the first port of call for venture capital investments in Thuringia. bm|t currently manages eleven investment funds with a total volume of 400 million euros and invests in innovative, high-growth companies across all industries and all phases of the corporate life cycle.