Merantix Capital AI Fund

About Merantix Capital AI Fund

Merantix Capital AI Fund is a €103M vehicle from Berlin's Merantix AI group — roughly 3x its first fund. Uniquely structured with half the capital funding pre-idea company-building inside the Merantix AI Campus and half going into direct pre-seed and seed deals, targeting ~40 AI-native companies. Led by co-founders Rasmus Rothe (PhD ETH Zurich, chairs German AI Association) and Adrian Locher (exited DeinDeal). Key LPs include Union Investment, Jungheinrich, KPMG Germany, Robert Wood Johnson Foundation and W.K. Kellogg Foundation.

Investment Focus

Location / RegionGermany

Funding StagePre Seed

Industry Focus

Ai Ml

Digital Health

Energy Tech

Enterprise Software

Manufacturing

Robotics Automation

Supply Chain

Investor Signals Profile

active

Sweet Spot

AI-native founders in European industrial verticals — can engage from pre-idea through seed

industrial AI

venture studio

pre-idea building

European AI sovereignty

physical AI

Bullish Signals

€103M — roughly 3x first fund in tough European fundraisingblog

Unique 50/50 studio + direct investing structureblog

Merantix AI Campus: 80+ resident companies in Berlinblog

Strategic LPs: Jungheinrich (industrial), KPMG, Union Investmentblog

Early bets: Droidrun (German Startup Award), Arqh, Outpost Bioblog

Contrarian Signals

Venture studio model is operationally heavy and historically inconsistentblog

50/50 split means excelling at two different disciplinesblog

Studio companies can carry perception discount with later investorsblog

Founder Do's

Engage even at idea stage — Merantix builds from pre-idea

Pitch AI applied to manufacturing, logistics, energy, healthcare, robotics

Leverage Jungheinrich and KPMG LP network for enterprise distribution

Technical founders without co-founder or GTM network — studio scaffolding helps

Founder Don'ts

Not for consumer AI or horizontal software

Weak fit if you need only capital without Berlin ecosystem engagement

Avoid if you want purely passive capital

Key GPs & Partners

Rasmus Rothe

Co-founder

deep-techacademiccommunity-builder

Adrian Locher

Co-founder

ex-founderserial-entrepreneur

Nicole Büttner

Founding Partner

applied-AIoperator

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Fund Overview

Fund Size€103M

Saves0

Website

Key People

Rasmus Rothe, Adrian Locher

Rasmus RotheCo-founder

Adrian LocherCo-founder

Nicole BüttnerFounding Partner