
# 99 - A Conversation with Adrian Locher, Co-Founder and General Partner of Merantix Capital
Adrian Locher co-founded Merantix Capital in Berlin in 2016 with machine-learning researcher Rasmus Rothe. What started as an AI studio has become one of Europe's most distinctive AI organisations: a venture studio that incubates companies from scratch, a campus hosting an entire ecosystem, and — as of June 2026 — a €100 million plus fund backing AI ventures across the continent.In this conversation, Adrian traces his path from founding his first company at fourteen and selling the Swiss flash-sale platform DeinDeal to Ringier in 2012, to building Merantix's combined studio-fund-campus model. We discuss what it actually means to build AI-native companies in Europe, where the structural obstacles remain, how to evaluate teams when technology moves faster than any due diligence, and what a thriving European AI ecosystem could look like by 2031.






