LEA Partners invests in Enscape

Previous investor High-Tech Gründerfonds (HTGF) will continue to hold a stake in the company, as will Enscape's founders, Thomas Willberger and Moritz Luck.

A source familiar with the situation told Unquote that LEA approached the company directly to initiate the first-time investment.

The GP invested from LEA Mittelstandspartner Fund, which held a final close in May 2018 on €200m. The fund writes equity cheques of €10-40m. It takes both minority and majority stakes, and also provides growth capital investments.

Enscape plans to use the fresh capital to fund its R&D capabilities and international expansion, according to a statement.

Company
Enscape provides simulation software for the architecture, engineering and construction industries via real-time 3D rendering and visualisation technology. It generates revenues of less than €25m. It claims to have a customer base spanning 80 countries. The company was founded in 2017 and is based in Karlsruhe, with a New York office that opened in August 2018.

People
Enscape – Thomas Willberger, Moritz Luck (founders).
LEA Partners – Christian Roth (managing partner).

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