What investment strategy does Merantix Capital focus on?

Merantix Capital focuses on VC strategies in the private equity space.

How many portfolio companies does Merantix Capital have?

Merantix Capital has 12 active portfolio companies and 3 completed exits and 2 funds tracked on GP Intel.

Where is Merantix Capital headquartered?

Merantix Capital is headquartered in Berlin, Germany.

What is Merantix Capital's assets under management?

Merantix Capital manages approximately €128M in assets under management.

When was Merantix Capital founded?

Merantix Capital was founded in 2016.

What sectors does Merantix Capital invest in?

Merantix Capital invests across Software, Healthcare, TMT, Industrials.

What are Merantix Capital's recent exits?

Recent realized exits by Merantix Capital include: Libra (2025) to Wolters Kluwer; Kausa (2023) to SAP; SiaSearch (2021) to Scale AI.

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Merantix Capital

Berlin, Germany·Founded 2016·

Venture Capital

·merantix-capital.com

Merantix Capital is a Berlin-based early-stage AI venture capital firm and the investment arm of Merantix, an AI group founded in 2016 by Rasmus Rothe and Adrian Locher. It operates a studio-GP hybrid model: roughly half its capital builds AI-native companies from the pre-idea stage at the Merantix AI Campus in Berlin and half backs direct pre-seed and seed investments across Europe. Its first fund (2020, EUR 25m) incubated companies such as Vara, SiaSearch, Cambrium and Deltia, and in 2026 it closed a EUR 103m fund, its largest to date, targeting AI in logistics, manufacturing, healthcare, energy, robotics and enterprise software.

AUM

€128M

Funds

vintages 2020–2026

Portfolio

Exits

Merantix Capital is a Berlin venture capital firm with €128M AUM, 12 active companies and 3 exits.

SectorsSoftware Healthcare TMT Industrials

Key takeaways

·3 exits in the last 5 years · consistent DPI cadence.
·Average hold across 3 realized deals: 2 years.
·Top sector focus: Software (40% of portfolio).
·Fund cadence: ~6Y between vintages · last raise 2026.

Sector breakdown

15 companies

Software

6 · 40%

Biotech

3 · 20%

HealthTech

2 · 13%

Logistics

1 · 7%

Cybersecurity

1 · 7%

Industrials

1 · 7%

Healthcare

1 · 7%

Geography breakdown

4 geographies

Germany

12 · 80%

Switzerland

1 · 7%

Austria

1 · 7%

Key facts

HQBerlin, Germany

Founded2016

Websitemerantix-capital.com

Recent exits

Merantix Capital sold Libra to Wolters Kluwer in 2025 after 2 years.

Merantix Capital sold Kausa to SAP in 2023 after 2 years.

Merantix Capital sold SiaSearch to Scale AI in 2021 after 2 years.

Partners

Adrian LocherCo-Founder and General Partner

Coverage notes

2 funds tracked, 15 portfolio companies (12 active · 3 realized). Verified weekly from public filings and deal announcements.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Adrian Locher

Co-Founder and General Partner

Funds & portfolio

Every fund Merantix Capital has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

Merantix Capital AI Fund

VC2026€103M7 assets

2026 · 0yr

€103M

–

Unrealized

7 held

Company	Entry
Arqh Logistics · Switzerland	2025
Droidrun Software · Germany	2025
Ficus Health HealthTech · Germany	2024
Graph Therapeutics Biotech · Austria	2024
Outpost Bio Biotech · UK	2025
revel8 Cybersecurity · Germany	2024
WhyBrilliant Software · Germany	2026

Merantix Capital Fund I

VC2020€25M5 assets3 exits

2020 · 6yr

€25M

Unrealized

5 held

Company	Entry
Almetra Industrials · Germany	2022
Briink Software · Germany	2021
Cambrium Biotech · Germany	2020
Ovom Care Healthcare · Germany	2023
Vara HealthTech · Germany	2018

Realized

3 exits

Company	Entry	Exit	Type	Buyer	MOIC
Kausa Software · Germany	2021	2023	Trade Sale	SAP	–
Libra Software · Germany	2023	2025	Trade Sale	Wolters Kluwer	–
SiaSearch Software · Germany	2019	2021	Trade Sale	Scale AI	–

Frequently asked questions

What investment strategy does Merantix Capital focus on?: Merantix Capital focuses on VC strategies in the private equity space.
How many portfolio companies does Merantix Capital have?: Merantix Capital has 12 active portfolio companies and 3 completed exits and 2 funds tracked on GP Intel.
Where is Merantix Capital headquartered?: Merantix Capital is headquartered in Berlin, Germany.
What is Merantix Capital's assets under management?: Merantix Capital manages approximately €128M in assets under management.
When was Merantix Capital founded?: Merantix Capital was founded in 2016.
What sectors does Merantix Capital invest in?: Merantix Capital invests across Software, Healthcare, TMT, Industrials.
What are Merantix Capital's recent exits?: Recent realized exits by Merantix Capital include: Libra (2025) to Wolters Kluwer; Kausa (2023) to SAP; SiaSearch (2021) to Scale AI.