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.