Modelon secures first round of capital investment, continues 15-year growth trend
Modelon, a premier provider of simulation software -including state-of-the-art Modelica-based model libraries – is pleased to announce the conclusion of the first fundraising round in company history. This investment round will enable Modelon to transform how enterprises create value from systems modeling and simulation.
Building on nearly 15 years of profitable and organic growth, and supported by this investment, Modelon is executing an aggressive strategic plan to transform the company towards a SaaS business model. As of Monday, September 23, 2019, Modelon secured private funding – from Scandinavian tech investors, and managed by the Nordic leading investment bank Pareto Securities.
“Modelon’s global business has continued to grow and we’ve listened to the needs of our customers. We want customers to be able to rapidly configure and simulate models, advance critical decision making, accelerate ROI, and inspire innovation,’ said Magnus Gäfvert, Chief Executive Officer. ‘This secured funding fast-tracks our ability to bring this vision to market.’
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Modelon provides software solutions and expert services to organizations worldwide that use model-based simulation tools to design and develop technical systems. Modelon’s libraries, solver, and deployment solutions enable companies to benefit from a unified picture of product system interaction and performance – from product concept to operation. Headquartered in Lund, Sweden, and with global reach, Modelon is an industry leader in model-based systems engineering with a focus on leveraging Modelica and FMI open standard technologies.
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