FinTechFunding

Elise: Raises $14.8M in Series A Funding

Elise Raises $14.8M in Series A Funding

  • Elise, a Bremen, Germany-based provider of a connected engineering platform, raised $14.8M in Series A funding
  • The round was led by Spark Capital, with participation from BMW i Ventures, Cherry Ventures, UVC Partners, and Venture Stars
  • The company intends to use the funds to expand operations and its business reach
  • This leads to more efficient use of product knowledge and accelerates development significantly
  • Application areas include the automotive industry and aerospace
  • Today, customers include BMW Group, Hyundai Motor Group, MAN Truck & Bus and Toyota Gazoo Racing
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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