SimScale measures out funding from HTGF

Dec 8, 2014 • James Mawson

Corporate-backed fund High Tech Gruenderfonds made its second investment in the simulation software developer as part of a series A round.

Germany-based engineering simulation software provider SimScale has raised an undisclosed amount from a consortium including German corporate-backed fund High-Tech Gruenderfonds (HTGF) and Bayern Kapital.

Other investors in the series A round included venture capital firm Earlybird Venture Capital and a consortium of business angels.

HTGF, Bayern Kapital and an angel consortium made the first investment in SimScale at the beginning of 2013 after the company’s spin-out of Munich’s technical university TU München in 2011.

The SimScale platform was officially launched…

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