The Munich-based capital venture arm of UnternehmerTUM, UVC Partners, is investing 3 million euros in the software startup Elise.
In addition to UVC, Cherry Ventures is also on board for the seed funding round. The startup plans to use the fresh capital to further develop its generative engineering software.
“We are very pleased about the investment because it enables us to further expand the functionality of our software.”
Moritz Maier, co-founder of Elise
Over the past twelve months, the deep-tech company's software has been exclusively tested by BMW, MAN, Ariane Group, and Brose and found to be successful. The software has resulted in time savings of up to 90 percent in product design.
Daniel Siegel, co-founder of Elise, is pleased about this success:
“After so many years of development and research, we were overwhelmed by the results and positive feedback after this testing phase with our partner companies.”
New synergies in UVC Partners' industrial network
UVC Partners is a Early-stage venture capital company Munich-based UVC supports technology-based startups in the fields of industrial technologies, enterprise software, and mobility in financing their start-up projects. UVC invests between €0.5 million and €3 million per round.
"We are pleased to support the team not only with capital but also with our expertise, creating new synergies within our large industry network. Because we want to pave the way for a successful and, above all, sustainable journey for Elise."
Benjamin Erhart, partner of UVC
