Overview
- BMW i Ventures closed a $300 million third fund, announced Wednesday, lifting its capital under management to $1.1 billion.
- The firm will back startups from seed to Series B across North America and Europe.
- The fund targets agentic AI that automates complex workflows, physical AI for robots and autonomous systems, plus industrial software, advanced materials, and manufacturing and supply chain tools.
- No investments have been made from Fund III yet, while Fund II is wrapping up with more than 35 deals and several recent AI investments still undisclosed.
- Competition from Porsche Ventures, Toyota Ventures, Stellantis Ventures, and Ford’s Latitude is intensifying, pushing BMW i Ventures to seek startups with durable advantages rather than trend plays.