Twitter investor leads round at Elise

The start-up receives 14.5 million euros in its Series A financing round. Now it wants to set the low-code software standard in engineering.

Software start-up Elise has raised €14.5 million in capital. The Series A round was led by U.S. venture capitalist Spark Capital, which has previously participated in funding rounds for Twitter and Slack. BMW i Ventures, Cherry Ventures, UVC Partners and Venture Stars are also investing in the Bremen-based company.

Elise offers a low-code platform for engineers. The founders Moritz Maier, Sebastian Möller and Daniel Siegel originally earned their living with engineering services. To make these more efficient, they developed a software solution that took over repetitive development tasks. Meanwhile, this low-code offering is the company's main product.

"Thanks to Elise, the idea of connected engineering is already part of everyday life at renowned companies such as BMW, Mercedes-Benz Group and Airbus," says Alex Finkelstein, General Partner at Spark, in light of the investment. In fact, Elise already counts major companies such as BMW, Bose, Hyundai and Toyota among its customers, according to its own statements.

With the money, the startup now wants to move into more engineering domains. "With the help of the Series A financing, we are getting a lot closer to our goal of becoming the low-code standard in engineering," explains Elise co-founder Moritz Maier.