EQT Ventures leads $18m series-B for Silexica

Existing investors Merus Capital, Pau Ventures, Seed Fonds Aachen and DSA Invest all took part in the latest financing.

EQT drew capital for the deal from its €566m venture fund, which held a final close in May 2016.

The fresh capital will be used to develop a new simulation platform for complex systems such as autonomous vehicles, as well as strengthen the existing SLX tools.

EQT's Ted Persson will join Silexica's board.

Previous funding
Merus and Pau led an $8m series-A in November 2016 with participation from existing investors Seed Fonds Aachen and DSA.

Company
Silexica was founded in 2014 and is headquartered in Cologne. The company develops SLX programming tools for software developers working on multi-partner projects for embedded supercomputers. It allows developers to run simulations for complex software such as autonomous driving programmes. The company has additional offices in the US and Japan and its clients include Fujitsu, Huawei and Denso.

People
EQT Ventures – Ted Persson (investment adviser).
Silexica – Maximilian Odendahl (CEO).

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