First Momentum Ventures is backing DIVE solutions!
First Momentum Ventures proudly announces another investment: DIVE solutions provides an industrial SaaS solution for the simulation of fluid flows and highly dynamic processes, which are not fully simulated using existing methods. This state of the art software uses a Particle Flow Method, instead of the common usage of complex, time intense grids, which are essential for other simulation methods.
The new method by DIVE solutions allows the users to map motion and dynamics of the individual particles, allowing a more accurate image in dynamic scenarios for complex engineering cases.
Core applications of this software are phase transitions and dynamic flow conditions. Cars, ships and airplanes are the most prominent examples. Therefore, the main customers are mechanical engineering companies and related industries, who have a need to design flow-efficient hardware products. By significantly reducing the complexity of the simulation configuration, it is thus possible for non-specialized engineers to start a simulation, which makes this software also extremly appealing for SMEs.
Combined with modern cloud computing and web technologies DIVE solutions have a convincing value proposition: New use cases, less time-consuming and significantly improved user experience.
DIVE solution tackles an emerging market: Computational Fluid Dynamics (CFD) is considered as one of the most challenging tasks in engineering. It is a segment in the Computer Aided Engineering market (CAE), which is constantly growing by 10% every year, as the software tools reduce progressively the need for building prototypes.
After already gaining some impressive early traction in this market, and rolling out some pilot projects with Kärcher and Berliner Wasserwerke, the funding round was closed in late summer. We, First Momentum Ventures, decided to invest alongside other early stage investors and a publicly funded project. The invested money will be used to build up sales and marketing as well as product quality improvements.
Why we choose to invest?
We are convinced that Dive Solutions is working on an interesting technology with tremendous future potential. Through their previous projects, they have proven that they have market access and understand the needs of their customers. We see strong competences, especially on the technical side, and the opportunity to become technological pioneers. In the given industry, we see different promising exit scenarios, which makes this investing case interesting for us as investors. Last but not least, we see ourselves as an ideal partner in order to be able to support our contacts in the SME context and to prepare them optimally for the next financing round.
The team of DIVE solutions has already proven that they have the potential to become technological leader in their field. Their approach to tackle the CFD area as a go-to-market and winning their first customers, reflects their potential to gain rapid growth. — Benedikt Stolz, Founder First Momentum Ventures
We are more than happy to join and support the team on their onward journey as one of the first institutional investors. We are looking forward, to see faster and more agile development processes within the engineering market in the future. With this being said: Welcome to the First Momentum Ventures family, DIVE solutions!
As a pre-seed investor, we help your startup to gain its first momentum by backing you with a first investment as well as world-class mentoring, a strong community, and the required know-how. Read more at firstmomentum.vc, stay up-to-date with our newsletter or get in touch through Twitter, Facebook or LinkedIn.
