In 2018, for the second year in a row, bm|t´s investee-partners raised over 100 Mio. EUR. bm|t itself invested nearly 30 Mio. EUR in 29 companies, 16 of which were new investee-partners – a record for bm|t. In 2018, co-Investors invested over 70 Mio. EUR in 32 companies in which bm|t is invested. “2018 was again an excellent year for capital raising for bm|t´s investee-partners, and the substantial private investment is a strong validation of the attractiveness of the innovative companies we have in Thüringen,” commented Kevin Reeder, CEO of bm|t.
“We are extremely pleased with the quantity and, most importantly, the quality of the new investee-partners we were able to gain in 2018. The strength of the teams, the level of technology, and the uniqueness of the business models have all been trending positively over the last years, but 2018 was truly a breakthrough year, with compelling investments in 16 new investee-partners. Our team worked extremely hard throughout the year to close a record number of deals and lay the foundation for the next decade of strong investment results and economic activity for Thüringen,” said Mr. Reeder.
bm|t currently manages eight investment funds that span the entire spectrum of the corporate lifecycle, from seed investments for start-ups to growth equity and mezzanine funding for established companies. “In 2018, we experienced a healthy mix of early-stage, growth-stage, and late-stage investments, and it is clear that the breadth of our portfolio across stages and sectors has been a key element of our success to date,” commented Mr. Reeder. In 2018, a significant partial-exit further cemented bm|t´s strong investment performance.
In 2018, bm|t celebrated its 15th year as an investment company focused on stimulating economic activity in Thüringen and generating positive investment returns. “The strong results of the last two years, both in terms of investment returns and invested capital, give the entire team a high degree of confidence that we are fulfilling our mission of strengthening Thüringen´s economy through targeted investments in innovative growth companies,” concluded Mr. Reeder.