Funding

The funds man­aged by bm|t invest pre­dom­i­nantly in Thuringia in cor­po­ra­tions with growth poten­tial — pri­mar­ily to finance the devel­op­ment and estab­lish­ment of inno­v­a­tive prod­ucts and services.

Overview 

Funds — Purpose & Investment Sums

Fund overview With purpose and investment amounts; detailed descriptions of the funds can be found below the chart.

Funds in detail

MFT II Mitteslstands-Fonds Thüringen II

  • Launched July 2025
  • € 20 mil­lion Fund assets
  • Estab­lished, prof­itable medium-sized and large com­pa­nies (min­i­mum turnover € 2.0 million)
  • Com­pany age: > 5 years
  • 5–10 years Term
  • Exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal from the Free State of Thuringia and pri­vate insti­tu­tional investors
  • Pri­vate co-investor required
  • Financ­ing of com­pany growth, devel­op­ment of for­eign mar­kets and suc­ces­sion plan­ning (MBO/MBI)
  • Open and silent part­ner­ships up to € 5.0 million

’ Fur­ther infor­ma­tion on MFT II
’ MFT II Par­tic­i­pa­tion Prin­ci­ples (We will link to the Par­tic­i­pa­tion Prin­ci­ples here in due course).

  • € 35 mil­lion Fund assets
    € 37.5 mil­lion Fund assets
    € 37.5 mil­lion Fund assets
  • Com­pa­nies with future poten­tial and a group turnover of up to € 75,000,000
  • Repay­ment or exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal from the Thüringer Beteili­gungskap­i­tal (ThüB) foun­da­tion and KfW
  • Open and silent minor­ity inter­ests and sub­or­di­nated loans
  • The focus is on Thuringian start-ups that pur­sue eco­log­i­cal, dig­i­tal or social inno­va­tions in par­tic­u­lar, as well as medium-sized com­pa­nies from Thuringia on an inno­va­tion and growth path. With this tar­get group, the Thuringian Future Fund III also sup­ports the growth and impact of social inno­va­tions and pub­lic wel­fare-ori­ented com­pa­nies and thus con­tributes to the imple­men­ta­tion of the “National Strat­egy for the Pro­mo­tion of Social Inno­va­tions and Pub­lic Wel­fare-ori­ented Companies”. 

TZF III Invest­ment principles

  • 15.12.2022 issued
  • € 30 mil­lion Fund assets
  • young inno­v­a­tive small com­pa­nies (max. 5 years old)
  • 5–10 years Term
  • Exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal from the Thüringer Beteili­gungskap­i­tal (ThüB) foun­da­tion and the ERDF fund
  • Pro­por­tion­ate cor­po­rate financ­ing in the start-up phase
  • Open minor­ity invest­ments of up to € 1,500,000 pos­si­ble; co-invest­ment of pri­vate investors desired
  • In addi­tion to strength­en­ing the resilience of the Thuringian econ­omy and the nec­es­sary trans­for­ma­tion of exist­ing struc­tures, the aim of the fund is also to con­tribute to cur­rent social chal­lenges, such as dri­ving for­ward decar­boniza­tion and pro­mot­ing greater sustainability. 

TSF II invest­ment guide­lines (PDF)

  • 15.12.2022 issued
  • € 25 mil­lion Fund assets
  • inno­v­a­tive small and medium-sized com­pa­nies in the growth phase (max. 8 years old)
  • 5–10 years Term
  • Exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal from the Free State of Thuringia and the ERDF fund
  • Open minor­ity invest­ments of up to € 4,000,000 pos­si­ble; how­ever, max. in the same amount as the co-invest­ment of pri­vate investors 
  • Pro­por­tion­ate growth financ­ing for the fur­ther devel­op­ment of prod­ucts and ser­vices and the devel­op­ment of new markets
  • In addi­tion to strength­en­ing the resilience of the Thuringian econ­omy and the nec­es­sary trans­for­ma­tion of exist­ing struc­tures, the aim of the fund is also to con­tribute to cur­rent social chal­lenges, such as dri­ving for­ward decar­boniza­tion and pro­mot­ing greater sustainability.

WBF II Invest­ment Guide­lines (PDF)

  • 4.12.1993 issued
  • 102 mil­lion fund assets
  • Indus­trial com­pa­nies with above-aver­age growth poten­tial, not lim­ited to SMEs
  • 3 — 7 years Term
  • Exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal of the Thuringian Ven­ture Cap­i­tal Foun­da­tion (ThüB)
  • Growth financ­ing and par­tic­i­pa­tion in suc­ces­sion plan­ning (MBO/MBI)
  • Acqui­si­tion of minor­ity inter­ests in invest­ments of € 5 mil­lion > As lead or co-investor in a consortium 

  • € 20 mil­lion Fund assets
  • Com­pa­nies of any size with future poten­tial that are neg­a­tively affected by the Covid19 pandemic
  • Repay­ment or exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal of the Thuringian Ven­ture Cap­i­tal Foun­da­tion (ThüB)
  • Open and silent minor­ity invest­ments of up to € 5,000,000 as well as loans pos­si­ble; co-invest­ment of pri­vate investors desired
  • The aim of the fund is to sup­port Thuringian com­pa­nies with future poten­tial that have run into dif­fi­cul­ties due to the Covid-19 crisis.

  • € 16 mil­lion Fund assets
    € 37.5 mil­lion Fund assets
    € 37.5 mil­lion Fund assets
  • Com­pa­nies of any size with future poten­tial that are neg­a­tively affected by the Covid19 pandemic
  • Repay­ment or exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal of the Thuringian Ven­ture Cap­i­tal Foun­da­tion (ThüB)
  • Open and silent minor­ity invest­ments of up to € 1,800,000 as well as loans pos­si­ble; co-invest­ment of pri­vate investors desired
  • The aim of the fund is to sup­port Thuringian com­pa­nies with future poten­tial that have run into dif­fi­cul­ties due to the Covid-19 crisis.

  • 9.11.2015 issued
  • € 28.75 mil­lion Fund assets
  • young inno­v­a­tive com­pa­nies (max. 5 years old)
  • 5–10 years Term
  • Exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal from the Thüringer Beteili­gungskap­i­tal (ThüB) foun­da­tion and the ERDF fund
  • Pro­por­tion­ate cor­po­rate financ­ing in the start-up phase
  • Open minor­ity invest­ments of up to € 1,200,000 pos­si­ble; co-invest­ment of pri­vate investors desired
  • The aim of the fund is to achieve two out­put indi­ca­tors from the “Oper­a­tional Pro­gram Thuringia ERDF 2014 — 2020”. As part of invest­ment pri­or­ity 3a (pro­mot­ing entre­pre­neur­ship), the TSF aims to sup­port 30 com­pa­nies in the start-up phase by 2023 and — together with the “Thuringian Growth Par­tic­i­pa­tion Fund” (WBF) — to cre­ate 250 full-time equiv­a­lent jobs in Thuringia by 2023. 

  • 9.11.2015 issued
  • € 27.5 mil­lion Fund assets
  • inno­v­a­tive com­pa­nies in the growth phase
  • 5–10 years Term
  • Exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal from the Free State of Thuringia and the ERDF fund
  • Open minor­ity invest­ments of up to € 4,000,000 pos­si­ble; how­ever, max. in the same amount as the co-invest­ment of pri­vate investors 
  • Pro­por­tion­ate growth financ­ing for the fur­ther devel­op­ment of prod­ucts and ser­vices and the devel­op­ment of new markets
  • The aim of the fund is to achieve two out­put indi­ca­tors from the “Oper­a­tional Pro­gram Thuringia ERDF 2014 — 2020”. As part of invest­ment pri­or­ity 3a (pro­mot­ing entre­pre­neur­ship), the WBF aims to sup­port 20 com­pa­nies in the growth phase by 2023 and — together with the “Thuringian Start-up Fund” (TSF) — to cre­ate 250 full-time equiv­a­lent jobs in Thuringia by 2023. 

  • launched on 1.12.2015
  • € 40 mil­lion Fund assets
  • Estab­lished, prof­itable medium-sized and large com­pa­nies (min­i­mum turnover € 2.0 million)
  • 5–10 years Term
  • Exit through IPO, trade sale or MBO/MBI
  • Cap­i­tal from the Free State of Thuringia and pri­vate insti­tu­tional investors
  • Financ­ing of com­pany growth, devel­op­ment of for­eign mar­kets and suc­ces­sion plan­ning (MBO/MBI)
  • Open and silent part­ner­ships up to € 5.0 million

Inter­nal report­ing office accord­ing to HinSchG 

  • 29.3.2011 issued
  • ~ 10 mil­lion fund assets
  • young inno­v­a­tive companies
  • Cap­i­tal of the Thuringian Ven­ture Cap­i­tal Foun­da­tion (ThüB)
  • Pro­por­tion­ate cor­po­rate financ­ing in the start-up phase
  • fully financed; no new investments

  • 30.6.2005 issued
  • 70.85 mil­lion Fund assets
  • Indus­trial com­pa­nies with above-aver­age growth poten­tial, SMEs
    Cap­i­tal from the Free State of Thuringia and pri­vate and pub­lic insti­tu­tional investors
  • Pro­por­tion­ate cor­po­rate financ­ing in the start-up and growth phases
  • fully financed, no new investments

  • 26.5.2010 issued
  • 40 mil­lion fund assets
  • young tech­nol­ogy-ori­ented com­pa­nies and SMEs
  • Cap­i­tal from the Free State of Thuringia and pri­vate insti­tu­tional investors
  • Pro­por­tion­ate cor­po­rate financ­ing in the start-up, growth and suc­ces­sion plan­ning phases
  • fully financed, no new investments

Inter­nal report­ing office accord­ing to HinSchG