Envenio has today announced that it has secured investment from Celtic House Venture Partners, Green Century Investments and New Brunswick Investment Foundation, to the value of $1.3 million.
The Canadian CFD software developer has announced that the funding will be used to grow and strengthen the sales and engineering teams, in line with an ambitious and exciting business plan to increase the use of its cloud-hosted, on-demand CFD platform, EXN/Aero.
The on-demand nature of EXN/Aero has already received widespread praise from large organizations and engineering consultancies alike.
Aside from vital financing, each of the three investors bring decades of industry experience and credibility, promising to strengthen the already exciting, innovative and ambitious plans held by Envenio since its inception.
With over 20 years’ experience in nurturing Canadian technology companies, Celtic House Venture Partners has over $4.5billion worth of exits (acquisitions/IPOs), and is largely regarded as one of the most active investors in technology and innovation.
“We share Envenio’s belief that the billion dollar global CFD industry is positioned for disruption from new cloud-based and GPU-based approaches that offer unparalleled performance coupled with new service delivery models derived from consumer internet technology,” says Tomas Valis of Celtic House Venture Partners.
Green Century Investments brings extensive experience from a number of sectors, and while its headquarters are in Toronto, its reach extends far beyond Canada, to countries including China. Holding a strong belief that sustainability is vital for business as well as the environment, Envenio will play a key role in its overall goal of building an ecosystem for continuing global success.
Not-for-profit corporation, New Brunswick Investment Foundation (NBIF), adds this investment to its $70million portfolio, alongside $380million leveraged from other sources. With a strong record of helping to create over 90 companies and fund 400 applied research projects since its inception in 2003, the corporation currently has 47 companies on its books.
Speaking about the investment, Scott Walton, VP of Envenio said “Since the company was founded, we have funded most of the product development through engineering consulting.”
“Now that the product is on the market, we are looking to accelerate its adoption. It’s the world’s first HPC-optimized, cloud hosted, on-demand CFD tool. It is our honor to be funded by some of Canada’s leading technology investment firms who have a long history of success in Software-as-a-Service products,” he added.
For media enquiries, please contact the Envenio Press Officer:
Rachael Hopwood Jarvis: email@example.com or DD: +44 7932 718591
About Envenio & EXN/Aero:
Envenio is a Canadian-based CFD software developer, responsible for the creation of on-demand, cloud-hosted CFD tool, EXN/Aero. EXN/Aero is a general purpose computational fluid dynamics, cloud solver that speeds up simulation runs by an order of magnitude. Compatible with most meshing tools, and using open source post-processing, there are a range of on-demand options available to users, helping them to overcome common limitations in their everyday work. Ideal for CFD consulting, this CFD software is sure to be an asset to companies or CFD freelancers like.
For more information, visit: www.envenio.ca
About Celtic House Venture Partners:
Celtic House has collaborated with management teams and repeat entrepreneurs to develop technology companies from the inception phase through to exit, generating 25 initial public offerings and successful acquisitions. From offices in Toronto and Ottowa, Celtic House manages in excess of $425million across three funds.
For more information, visit: www.celtic-house.com
About Green Century Investment:
GCI focuses on sustainability on a wider scale than simply environmental protection. With a clear goal to support sustainable business across multiple sectors, the company is actively building an ecosystem to continue success globally. Headquartered in Toronto, the company has global reach including as far afield as China.
For more information, visit: www.greencenturyinvestment.com
About New Brunswick Investment Fund:
NBIF is a private, not-for-profit corporation that invests in startup companies and R&D. With over $70 million invested, plus $380 million more leveraged from other sources, NBIF has helped to create over 90 companies and fund 400 applied research projects since its inception in 2003, with a current portfolio of 47 companies. All of NBIF’s investment returns go back into the Foundation to be re-invested in other new startup companies and research initiatives.
For more information, visit: www.nbif.ca
Company Name: Envenio
Contact Person: Rachael Hopwood Jarvis
Phone: +44 7932 718591
State: New Brunswick