Merantix Capital has closed a €103m fund for early-stage European AI startups, split evenly between studio incubations and direct deals.

Merantix Capital has closed a €103m fund for early-stage European AI startups, split evenly between studio incubations and direct deals.

The fund plans to make around 40 investments in European AI startups and is backed by investors including Union Investment, Jungheinrich, KPMG Germany, the Robert Wood Johnson…