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Cohere and Aleph Alpha join forces

Cohere and our portfolio company Aleph Alpha have signed a definitive agreement to combine, creating the first transatlantic sovereign AI company.

We back 
entrepreneurs building global category leaders.

We invest to create long-term capital gains. Free of the rigid limitations of holding periods and other fund structures, we can support growth opportunities at various stages of development.

Portfolio Ticker

Uluu secures $2.1M in Australian Government grant funding to accelerate production scaling and certifications for its seaweed-based materials technology.

Vinted reports strong 2025 annual results with 47% GMV growth to €10.8bn, €1.1bn in revenue (up 38%), and €62m net profit, reflecting continued momentum in its mission to make second-hand first choice.

Two of our portfolio companies are named in the Tech Nation Future Fifty cohort, celebrating the UK’s fastest-growing and most ambitious scale-ups.

News

Promptah No. 4

20 July 2026
Edition #4 of The Promptah is here and we’re thrilled to share what BPI’s Christian Teichmann and DLD’s Steffi Czerny have been working on over the last months together with...

BPI invests in Fleek

13 July 2026
BPI has led Fleek's $25m Series B, backing the company's mission to digitise the fragmented wholesale supply chain behind global secondhand fashion.

BPI invests in Proxima Fusion’s € 411M Series A2

07 July 2026
BPI joins Proxima Fusion's €411 million Series A2, backing Europe's best-funded fusion company as it builds toward commercial fusion power.

Perspectives

Why we invested in Proxima Fusion

10 August 2026 by Friedrich von Wulffen, Sheng Xin Yu
Every model trained resolves to the same question: where does the power come from. Fusion can meet a load set to quadruple in the decades ahead. Our investment in Proxima...

Why we invested in welevel

23 June 2026 by Friedrich von Wulffen
welevel is building what could become the game engine of the next decade. Here's how a small Munich studio with no prior shipping experience convinced us to make our first...

Moat or Wrapper?

19 May 2026 by Hannes Voucko-Glockner
Every AI model release risks turning a standalone product into a feature. The question is no longer whether a software company uses AI, but whether its structure creates defensibility that...