New stake to accelerate innovation and international expansion at one of the AEC’s fastest-growing real-time rendering SaaS companies
Karlsruhe, Germany (February 4th, 2020) -- Enscape GmbH, a leading provider of real-time 3D rendering and visualization technology to the Architecture, Engineering and Construction (AEC) industry and LEA Partners, a technology focused private equity firm, announced today a strategic partnership to accelerate Enscape’s growth in the global AEC market. Both founders Thomas Willberger and Moritz Luck, as well as the existing investor High-Tech Gründerfonds (HTGF), continue to hold significant stakes in Enscape.
"LEA Partners impressed us with their focus as a dedicated technology investor. Their deep understanding of the Software-as-a-Service (SaaS) market and global network makes them an ideal partner for Enscape’s next phase of growth," said Thomas Willberger, CEO and co-founder of Enscape. “We will focus on accelerating Enscape’s R&D and international expansion, with the aim to become the standard real-time visualization platform for the global BIM market.”
According to a recent report by ResearchAndMarkets.com, the global Building Information Modeling (BIM) Market is expected to grow from USD 4.9 Billion in 2019 to USD 8.9 Billion by 2024.
“With its proprietary real-time rendering technology, unprecedented ease-of-use and end-user support, Enscape is uniquely positioned to take advantage of the rising adoption of BIM," says Christian Roth, Managing Partner at LEA Partners. “The company has seen tremendous organic growth since its inception. We look forward to helping them fast-track new product innovations and expand into new growth markets.”
Since its launch in 2017, Enscape has experienced rapid growth:
Enscape, based in Karlsruhe, Germany, was founded in 2017 and has established itself firmly in the international architecture, engineering and construction (AEC) industry. Its product enables users to create high-quality 3D real-time visualizations based on existing planning data. In addition, videos, panoramas or VR simulations can be derived automatically. Companies from over 80 countries and 85% of the internationally renowned TOP100 architectural firms use Enscape.
LEA Partners is an entrepreneurial-minded multi-stage private equity firm investing in growth technology companies that are driving transformative change in their industries. Founded in 2002, LEA Partners has advised on the investment in several companies. Operating out of Karlsruhe, one of Europe's largest technology clusters, its mission is to fund and support ambitious founders and executives by leveraging them with practical, hands-on growth expertise to achieve market leadership.