Successful Exit for HTGF: Valispace Joins Forces with Altium in a Strategic Acquisition
- Altium and Valispace are joining forces to accelerate the execution of a shared vision for empowering engineers.
- HTGF was the first institutional investor and led the seed round in 2018 and has closely supported Valispace throughout all phases of their growth journey. As part of the deal HTGF will sell its shares.
- Louise Lindblad, co-founder of Valispace: “We’re now excited to, together with Altium, continue our mission of empowering engineers to build great products, accelerating the path to the future in which new technologies and products improve people’s lives.”
- Christian Ziach, Principal at HTGF: “It has been a great pleasure to work closely with the start-up over the past 6 years and I am excited about the synergies that will result from the acquisition.”
Altium, a leading provider of design software for the electronics industry, has acquired Valispace. Valispace’s capabilities in Systems- and Requirements Engineering will complement the Altium 365 cloud platform for product and electronics design. High-Tech Gründerfonds (HTGF), one of Europe’s leading seed investors, was the firstinstitutional investors and has been a close supporter of the team since the seed investment in 2018.
We are thrilled to announce this significant milestone in Valispace’s journey. This is also great news for existing customers: they will not only continue to have access to Valispace’s cutting-edge collaboration software, but will also gradually benefit from capabilities that seamlessly integrate with detailed electronics design processes; closing the loop between system definition and its implementation.
Marco Witzmann, Co-founder of Valispace
Altium’s extensive experience in developing tools for thousands of engineers with essential electronics design software will ensure that the Valispace team can continue to bring the best collaborative and AI assisted systems- and requirements experience to engineers.
Accelerating a shared Vision
Altium and Valispace are joining forces to accelerate the execution of a shared vision for empowering engineers.
Products are becoming more and more defined by their electronics: While in the 1980s a car would contain around 20 chips, today this number has grown to more than 2000. At the same time there are continuously higher demands to track regulatory and other requirements down to the component level, and modern systems engineering practices are needed more than ever to manage the rising complexity of products. Engineers therefore rightfully demand modern tools that allow them to develop future products with an end-to-end solution for which Valispace at Altium will be a major building block.
We’re grateful for everyone who has supported and encouraged us on this journey, amongst others our family, friends, and investors. And we’re now excited to, together with Altium, continue our mission of empowering engineers to build great products, accelerating the path to the future in which new technologies and products improve people’s lives.
Louise Lindblad, Co-founder of Valispace
For HTGF Principal Christian Ziach, Valispace was the first deal he accompanied from A to Z, and there were several encounters even before the company was founded.
Before my time at HTGF I met the founding team of Valispace at the startup weekend SPACE in Bremen in 2015 and our paths crossed again on a trip to Silicon Valley in 2016 and finally at a conference in Adelaide in 2017. My interest as a seed investor was piqued because their product was addressing a problem I faced while I was working as a space system engineer. Finally, we got together. Call it fate. IIt has been a great pleasure to work closely with the start-up over the past 6 years and I am excited about the synergies that will result from the acquisition.
Christian Ziach, Principal at High-Tech Gründerfonds