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:
- launching real-time links with major BIM design programs, including Trimble SketchUp™ and Autodesk Revit ™, Robert McNeel & Associates Rhinoceros®, Nemetschek’s ArchiCAD® and soon Vectorworks® BIM programs.
- hitting over 250,000 software installs worldwide, including at 85 of the world's TOP100 architectural firms such as KPF, Foster+Partner, NBBJ and Aedas.
- resulting in Enscape’s SaaS-revenues increase averaging at over 100% per year.
- doubling the number of employees across its Headquarters in Germany and the US.