In 2022, despite the tragic geopolitical and challenging macroeconomic environment, bm|t’s Investee-Partners secured over EUR 90 million in equity and mezzanine capital. The investments were distributed among 32 companies, including three new bm|t Investee-Partners. Funds managed by bm|t committed ca. EUR 16 million and co-investors committed ca. EUR 75 million. 12 bm|t Investee-Partners raised seven-figure sums in 2021. bm|t also realized two excellent exits in 2022 that returned ca. EUR 15 Mio.
“2022 was a heartening and motivating year for bm|t, as our Investee-Partners demonstrated exceptional resilience, creativity, and even strong growth in some cases, in what unfortunately continues to be a challenging environment,” commented Kevin Reeder, CEO of bm|t. Reeder continued, “Achieving this level of investment during a time of multiple crises is a clear testament to the strength of Thüringen´s innovation landscape. We are emboldened by the results of the past year and will continue catalyzing and supporting innovation in Thüringen by making attractive investments in the region´s many promising companies. We at bm|t are also extremely grateful, because these results would not be possible without the strong collaboration with our valued partners.”
Since 2017, bm|t Investee-Partners have secured over 600 Mio. EUR in equity and mezzanine investment, with bm|t managed funds contributing over 125 Mio. EUR and additional investors contributing over 480 Mio. EUR. During this period bm|t managed funds have, via more than 10 exits, returned over 100 Mio. EUR with an invested capital basis of ca. 28 Mio. EUR on those investments. Reeder concluded, “Multiple significant and highly-profitable exits over recent years are a strong verification that excellent investment returns are achievable here in the free state of Thüringen, which we believe remains surprisingly below most investors´ radars.”
About bm‑t:
bm‑t beteiligungsmanagement Thüringen (bm|t), based in Erfurt, is the first address for venture capital investments in Thüringen, Germany. bm|t currently manages eleven investment funds with a total volume of EUR 400 million and invests in innovative companies with strong growth potential across all industries and all phases of the company life cycle.