Merantix Capital operates a hybrid AI venture studio and VC fund model where half their investments go to companies they create internally through a structured Founder-in-Residence program that can result in €1M checks on day one of company formation, while the other half backs external AI startups. The fund is embedded within a broader AI platform that includes a 100-person engineering services arm and physical hubs in Berlin and London that co-locate 100+ AI companies, allowing them to generate proprietary data flywheels for portfolio companies and position themselves as an institutional co-founder for European applied-AI ventures.