Funds – Purpose & Investment amounts
Investment volume from 100.000 — 10.000.000 €
No Data Found
Funds in detail
Thüringer Zukunftsfonds (TZF fully invested)
- €20 million fund assets
- Companies of any size and age
- Repayment or Exit via IPO, trade sale, or MBO/MBI
- Capital provided by the ThüB (Stiftung Thüringer Beteiligungskapital, translation: Thuringian Investment Capital Foundation)
- Financing for companies in the State of Thurigia that are negatively effected by the Covid19 crisis but show potential for future growth
- Minority equity stakes, silent partnerships and loans up to € 5.000,000; preferably with a private co-investment
Thüringer Zukunftsfonds II (TZF II fully invested)
- €16 million fund assets
- Companies of any size and age
- Repayment or Exit via IPO, trade sale, or MBO/MBI
- Capital provided by the ThüB (Stiftung Thüringer Beteiligungskapital, translation: Thuringian Investment Capital Foundation)
- Financing for companies in the State of Thurigia that are negatively effected by the Covid19 crisis but show potential for future growth
- Minority equity stakes, silent partnerships and loans up to € 1.800,000; preferably with a private co-investment
Thüringer Start-up-Fonds (TSF)

- Launched on November 9, 2015
- €28.75 million fund assets
- Young, innovative companies (max. 5 years old)
- 5–10 year duration
- Exit via IPO, trade sale, or MBO/MBI
- Capital provided by the ThüB (Stiftung Thüringer Beteiligungskapital, translation: Thuringian Investment Capital Foundation) and EFRE (European Regional Development Fund)
- Financing for the founding phase of a company
- Minority equity stakes up to €1.2 million; preferably with a private co-investment.

Thuringia Growth Fund (WBF)

- Launched on November 9, 2015
- €27.5 million fund assets
- Innovative growth companies (max. 8 years old)
- 5–10 year duration
- Exit via IPO, trade sale, or MBO/MBI
- Capital provided by the Free State of Thuringia and EFRE (European Regional Development Fund)
- Financing of further development of products or services and expansion to new markets
- Minority equity stakes up to €4.0 million; min. half of investment must be provided by a private co-investor.

Thuringia Industry Investments GmbH & Co. KG (TIB)

- Launched on December 14, 1993
- €102.0 million fund assets
- Industrial companies with above average growth potential; not limited to SMEs
- 3–7 year investment horizon
- Exit via IPO, trade sale, or MBO/MBI
- Capital provided by the Free State of Thuringia, ThüB (Stiftung Thüringer Beteiligungskapital, translation: Thuringian Investment Capital Foundation)
- Growth financing and investments around management succession (MBO/MBI)
- Buy-out of minority stakes for investments over €5.0 million; can act as sole investor or as the lead of a consortium of co-investors
MFT Mittelstands-Fonds Thüringen GmbH & Co. KG (MFT fully invested)

- Launched on December 1, 2015
- €40.0 million fund assets
- Established and profitable small- and medium-sized companies (min. revenue €2.0 million)
- 5–10 year duration
- Exit via IPO, trade sale, or MBO/MBI
- Capital provided by the Free State of Thuringia and private institutional investors
- Financing of company growth, expansion to new markets and company succession plans (MBO/MBI)
- Equity stakes and silent partnerships up to €5.0 million
Thüringer Gründerfonds (ThGF fully invested)

- Launched on March 29, 2011
- €10.0 million fund assets
- Young, innovative companies
- Capital provided by StUWT (Stiftung für Unternehmensbeteiligungen und ‑förderungen der gewerblichen Wirtschaft Thüringens, translation: Foundation for Business Investment and Commercial Development in Thuringia)
- Financing for the founding phase of a company
- Fully invested; no new investments
Private Equity Thüringen GmbH & Co. KG (PET fully invested)

- Launched on June 30, 2005
- €70.85 million fund size
- Industrial companies with above average growth potential, SMEs
- Capital provided by the Free State of Thuringia as well as private and public institutional investors

Private Equity Thüringen GmbH & Co. Zweite Beteiligungen KG (PET II fully invested)

- Launched on May 26, 2010
- €40.0 million fund size
- Young technology-focused companies, SMEs
- Capital provided by the Free State of Thuringia and private institutional investors
- Financing in the start-up and growth phases, including in conjunction with management succession
- Fully invested, no new investments
Funds & volumes
No Data Found
Investment Process
Time scope
Generally, the entire investment process, from the first contact with bm|t to signing the investment contract, takes approximately 3–6 months.
Business Plan
In order to assess whether a venture fits our investment criteria and investment focus, we need an investment summary or detailed business plan accompanying an investment inquiry.
Funding Strategy
If the venture passes our first assessment, we will invite the management team to present their business model and strategy to bm|t. In the subsequent discussions, the general conditions of a potential financing round and bm|t investment are reviewed with the entrepreneurs..
Term Sheet or Letter of Intent
If the investment team decides a potential investment is worth pursuing further, we will provide a Term Sheet or Letter of Intent that outlines the terms of a potential bm|t investment.
Due Diligence
Once the Term Sheet is signed, the due diligence process begins. During this process we try to gain a deeper understanding of the company and research the legal, commercial, and technical aspects of the company.
Investment Agreement
If the due diligence process has a positive outcome, we will then prepare and negotiate an Investment Agreement.
Investment Committee
Before signing the Investment Agreement, bm|t’s investment committee, which includes external experts, will make a final decision concerning the investment.
Contract Conclusion
Payout
After signing the investment agreement, the investment will be paid out according to negotiated milestones.
Investment Type
Equity financing
- 100.000 – 10.000.000
- exit after 3–7 years
- industry standard valuations
high-growth companies
silent partnership
- 100.000 – 5.000.000
- up to 10 years
- market standard interest rate
Established companies
with stable cash-flows