March 2022

ECFG has taken a minority stake in Simbeyond Holding B.V. through Eindhoven Venture Capital Fund II (EVCF II). Simbeyond has developed simulation software (Bumblebee) that can very accurately measure the effects of OLED materials at the device level. This is the first round of funding for Simbeyond. The funding will be used to accelerate growth (R&D and sales).

About Simbeyond
With Bumblebee, Simbeyond offers simulation software for materials deployment in the engineering process of OLED devices. The software tool calculates, based on very complex laws of physics, the effects of the materials used in the OLED devices. Bumblebee will be further developed in the coming period to also simulate outcomes for materials deployment in battery development. The current process is still based on trial and error and physical (human) action, resulting in a time-consuming, costly and error-prone process. R&D companies, departments of large tech companies and other relevant research institutes (such as universities) use Bumblebee to achieve significant cost savings. In addition, these parties can bring new products to market faster, as the R&D process is significantly accelerated.

Investment target
The past years have been dominated by product development for Simbeyond. The goal in this new growth phase is to become the preferred supplier of simulation software for organic materials for the high-tech industry as well as tapping into two new markets: the battery and nanolithography market.

Collaboration
“Simbeyond is entering a new growth phase with ambitious objectives. This investment and cooperation does not only mean securing the resources to become the number one simulation tool in the OLED market, but also to take a step forward in the development of new products,” said Siebe van Mensfoort, CEO of Simbeyond.

Hans Bloemen, managing director en partner of ECFG: “Measurement brings knowledge, Simbeyond does that in the purest form. Bumblebee is only just ready to enter the market. It now needs the right commercial attention to get a flying start. The investment ensures that this growth can be realized. In addition to further developing the OLED market, new markets can also be tapped into. Together we hope to give this technical scale-up a significant boost.”