Merantix Capital has closed a €103 million AI Fund to back around 40 early-stage AI-native startups across Europe.
The fund targets AI companies embedded in logistics, manufacturing, healthcare, energy, robotics, and enterprise software.
LPs include Union Investment, Jungheinrich, KPMG Germany, the Robert Wood Johnson Foundation, and the W.K. Kellogg Foundation — a mix of corporates, foundations, and institutional investors that gives portfolio companies direct access to potential enterprise customers.
For years, Europe’s AI debate has centred on a familiar question: how can the continent convert its world-class research and industrial expertise into globally competitive technology companies? Berlin-based Merantix Capital believes the answer lies not in building more models, but in backing founders who understand industries as deeply as they understand artificial intelligence.
The firm has closed a €103 million AI Fund, attracting backing from a mix of corporates, foundations, family offices, and institutional investors. Limited partners include Union Investment, Jungheinrich, KPMG Germany, the Robert Wood Johnson Foundation, and the W.K. Kellogg Foundation. The fund will invest in approximately 40 early-stage AI-native companies across logistics, manufacturing, energy, finance, healthcare, life sciences, robotics, enterprise software, and physical AI. The €103 million close marks Merantix’s largest fund to date – nearly three times the size of its 2020 €35 million vehicle – reflecting both the firm’s growth and the accelerating appetite for dedicated industrial AI capital in Europe. With investors based in Berlin and London, Merantix plans to back founders across Europe.
