SimScale raises series-A from Union Square

Previous backers Earlybird Venture Capital and angel investor Axel Bichara also participated in the round.  SimScale will use the capital to expand its customer base.

Previous funding
In November 2014, Earlybird Venture Capital, High-Tech Gründerfonds (HTGF) and Bayern Kapital invested an undisclosed sum in SimScale. A consortium of business angels also participated in the round.

HTGF, Bayern Kapital and a group of business angels had made the first investment in the company in February 2013.

Company
SimScale span out of the Technical University of Munich in 2011 and was officially launched in the second half of 2013. The web-based platform aims to simplify access to computer-aided engineering for engineering businesses. It integrates a range of simulation tools from fluid mechanics, structural mechanics and thermodynamics in one user interface.

The company claims to have several hundred thousand customers, including plant manufacturers, facilities engineers and pump and valve designers.

People
Albert Wenger is managing partner at Union Square. David Heiny is the managing director of SimScale.

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• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture