BM H Beteiligungs-Managementgesellschaft Hessen

Focus

STAGES

Pre-SeedSeedSeries AGrowthBuyout

SECTORS

Software & SaaSBiotech & Life SciencesHealthTechFintechIndustrial & ManufacturingClimate & EnergyConsumer & E-commerceArtificial Intelligence

ASSET MIX

Venture capitalPrivate equityDirect investments

GEOGRAPHY

Germany

Investment arms & vehicles

• MBG H Mittelständische Beteiligungsgesellschaft Hessen
  Evergreen MBG fund (€38M) providing silent participations of €100k–€1.5M to Hessian SMEs; also runs the MBG H micro-mezzanine programme (€50–150k)
• Hessen Kapital I
  Evergreen fund (up to €100M) for silent or direct participations up to €5M in founders and SMEs
• Hessen Kapital III (EFRE)
  EFRE-backed fund, €43.5M, vintage 2018, fully invested
• HessenFonds Beteiligungen
  €250M fund (vintage 2025) for silent or direct participations up to €10M in innovative and transforming companies
• TF H III Technologiefonds Hessen
  Technology fund, €12M, vintage 2016, fully invested
• TF H IV Technologiefonds Hessen GmbH & Co. KG
  €23M venture fund (vintage 2023) with a private fund structure, direct stakes up to €2M as lead or co-investor
• Futury Venture Beteiligungen Deutschland-Hessen
  Early-stage fund whose investment business BMH manages under a service agreement

Overview

BM H Beteiligungs-Managementgesellschaft Hessen mbH was founded in 2001 as a wholly owned subsidiary of WIBank to pool public equity financing in Hessen; it is now a subsidiary of Landesbank Hessen-Thüringen and is tied into the Land's economic development through WIBank. It manages several funds whose money comes, depending on the fund, from the Land Hessen, the federal government, the EU or private investors, and invests through silent and open participations in Hessian start-ups, SMEs and succession deals. Its September 2025 company presentation cites more than €450M of assets in six funds, over 200 portfolio companies and up to €10M per company across all funds.

Investment thesis

Silent and open equity for Hessian companies across the life cycle, from seed and start-up to growth, later stage and succession, with no sector focus; long-term support of the regional economy rather than exit-driven investing.

PORTFOLIO (82)

• AD Solutions UG
  since 2018
• Adaptive Balancing Power
  Climate & Energy · since 2019
• aescuvest GmbH
  Software & SaaS · since 2019
• Akribion Therapeutics GmbH
  Biotech & Life Sciences · since 2024
• Ankaadia GmbH
  HealthTech · since 2023
• B.R.A.I.N. AG
  Biotech & Life Sciences · since 2014
• Bakic Production GmbH
  Industrial & Manufacturing · since 2014
• Beyond Bookings GmbH
  since 2021
• BikeBeat & Sport GmbH
  Consumer & E-commerce · since 2019
• BIOVOX GmbH
  Biotech & Life Sciences · since 2024
• Capreolos GmbH
  Biotech & Life Sciences · since 2023
• Capricorn Scientific GmbH
  Consumer & E-commerce · since 2017
• CAPTIQ GmbH
  Software & SaaS · since 2020
• Cashlink Technologies GmbH
  Fintech · since 2023
• Chefslist GmbH
  Software & SaaS · since 2020
• CO2BioClean GmbH
  Biotech & Life Sciences · since 2023
• core sensing GmbH
  Industrial & Manufacturing · since 2022
• CrystalsFirst GmbH
  Biotech & Life Sciences · since 2017
• Cyreen GmbH
  Software & SaaS · since 2017
• Dataspark GmbH & Co. KG
  Software & SaaS · since 2020
• Demecan Holding GmbH
  Biotech & Life Sciences · since 2021
• deviceTrust GmbH
  Software & SaaS · since 2019
• DIA Digital Consulting GmbH
  since 2019
• die Interaktiven
  Software & SaaS · since 2019
• DOORI Betriebsgesellschaft mbH
  since 2018
• Eco Terra GmbH
  since 2013
• EDUNEON GmbH
  Software & SaaS · since 2024
• Energy Robotics GmbH
  Software & SaaS · since 2022
• Etalytics
  Climate & Energy · since 2022
• European Broker Systems GmbH
  Software & SaaS · since 2021
• Exaloan
  since 2020
• Focused Energy GmbH
  Climate & Energy · since 2023
• Go Crush GmbH
  Software & SaaS · since 2021
• great2know GmbH
  Software & SaaS · since 2023
• Green Convenience GmbH
  Software & SaaS · since 2022
• Green Elephant Biotech GmbH
  Biotech & Life Sciences · since 2022
• Green Mobility Solutions GmbH
  Software & SaaS · since 2019
• Hydas
  Consumer & E-commerce · since 2005
• Implify GmbH
  Consumer & E-commerce · since 2021
• Intersport Hugel
  Consumer & E-commerce · since 2011
• IoT Venture GmbH
  since 2019
• Jakob Lach GmbH & Co KG
  since 2003
• Jarltech Group GmbH
  Consumer & E-commerce · since 2012
• Layover Solutions GmbH
  Software & SaaS · since 2023
• Legal Tegrity GmbH
  Software & SaaS · since 2021
• Leverest
  Fintech · since 2022
• Lissi GmbH
  Fintech · since 2026
• madeone GmbH
  Software & SaaS · since 2019
• Media Broadcast Satellite GmbH
  since 2019
• Millhouse GmbH
  since 2018
• MK-Versuchsanlagen und Laborbedarf
  since 2014
• NanoScale Systems GmbH
  since 2007
• OMNIPEAK GmbH
  Software & SaaS · since 2024
• on-apply GmbH
  Software & SaaS · since 2019
• Oska Health
  Software & SaaS · since 2023
• Otark GmbH
  Climate & Energy · since 2024
• Palturai GmbH
  since 2016
• Persival GmbH
  Mobility & Logistics · since 2024
• PraxisEins GmbH
  Biotech & Life Sciences · since 2023
• QuoIntelligence GmbH
  Software & SaaS · since 2026
• ReAct Now GmbH
  Software & SaaS · since 2019
• Revolute GmbH
  since 2020
• Roots of Impact GmbH
  since 2024
• SleevesUp! Spaces GmbH
  since 2020
• SMIN Therapeutics GmbH
  Biotech & Life Sciences · since 2023
• SPINOGY GmbH
  since 2021
• Störtebekker Shaving Accessories GmbH
  Consumer & E-commerce · since 2022
• STRAFFER GmbH
  Consumer & E-commerce · since 2020
• Strollme GmbH
  Consumer & E-commerce · since 2024
• Subiculum Interaktive GmbH
  Software & SaaS · since 2015
• TELTEC AG
  Consumer & E-commerce · since 2014
• THING TECHNOLOGIES GmbH
  Software & SaaS · since 2020
• TRACKTICS GmbH
  since 2020
• Tvarit
  Industrial & Manufacturing · since 2022
• Twinsity GmbH
  Software & SaaS · since 2022
• United Signals GmbH
  Software & SaaS · since 2016
• Veli GmbH
  Software & SaaS · since 2024
• Verrano GmbH
  since 2026
• Vidar Sport GmbH
  Consumer & E-commerce · since 2022
• Wingcopter GmbH
  Mobility & Logistics · since 2020
• YOND GmbH
  Software & SaaS · since 2024
• ZILA GmbH
  since 2019

People

• Dr. Steffen Huth
  Managing Director · source
• Sebastian Schnell
  Head of Venture Capital, Prokurist · source
• Helge Haase
  Investment Director, Prokurist · source
• Nicole Hartwich
  Head of Finance, Controlling & Administration · source
• Jürgen ten Elsen
  Senior Investment Manager · source
• Stephan Groß
  Senior Investment Manager · source
• Lena Lang
  Senior Investment Manager · source
• Dirk Pieper
  Senior Investment Manager · source
• Barbara Spitzenberg
  Senior Investment Manager · source
• Tobias Weissgerber
  Senior Investment Manager · source
• Christoph Wolf
  Investment Manager · source
• Jonah Eberle
  Investment Analyst · source
• Cedric Trumpke
  Investment Analyst · source
• Marina Hartmann
  Investor Relations & Administration · source

Links

• Website
• Official contact page

Frequently asked questions