London Vc Draper Esprit Leads €25M Funding In German Startup Disrupting Simulation

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The London-listed venture capital company, Draper Esprit, has led a €25 million funding round for German startup SimScale, the SaaS platform making high-fidelity simulation technically and economically accessible to engineers worldwide. Its investment in SimScale will allow the platform to expand into new industries, such as rotating machinery, electronics and automotive, by adding additional simulation capabilities, as well as to broaden its enterprise offering to larger customers to further its vision of removing barriers to entry for engineering simulations across teams, applications and industries. With over 300,000 current users, the platform enables access to engineering simulations across R&D stages and cycles, applications and industries, and enables engineers to collaborate in real-time by default without the need for any hardware or maintenance investment.