Draper Esprit

Assembly Line

SimScale raises €25M for its SaaS engineering simulation platform from Insight Partners, Draper Esprit, others

📅 Date:

✍️ Author: Vishal Singh

🔖 Topics: funding event

🏢 Organizations: SimScale, Draper Esprit, Insight Partners

David Heiny, co-founder and CEO of SimScale, explains, “Our vision is to make engineering simulation a standard tool in every engineer’s tool kit, and accessible early in the design stage, throughout the entire R&D cycle, and across teams, applications and industries. With hundreds of thousands of users and millions of simulation jobs carried out, we’ve made significant progress towards it in recent years.”

However, Heiny continues, “there are still entire industry sectors that we haven’t started addressing yet, and billions of dollars in CAE market value left untapped. This additional investment allows us to double-down on our strategy and accelerate our pace at which we extend SimScale’s offering.”

Read more at Silicon Canals

Schüttflix raises USD 50 million in additional financing and prepares to go international

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Schüttflix, Draper Esprit

After delivering more than 100,000 shipments in Germany, the ConstructionTech startup Schüttflix today announces it has raised USD 50 million of additional capital and is preparing to enter the Austrian, Polish and Czech markets in 2022. The recently completed Series A financing round was led by Draper Esprit, one of Europe’s most active venture capital investors. Also boosting their investments in this round are the founding team surrounding co-founding investor Thomas Hagedorn and CEO Christian Hülsewig, as well as HV Capital, Speedinvest and STRABAG.

Read more at PR Newswire