Innerspace secures additional million euro investment from MAD Ventures, High-Tech Gründerfonds (HTGF) and new investor aws Gründerfonds

Innsbruck, Austria November 2021- Following its successful million-euro investment in 2020, Innerspace has now secured another significant funding boost. This second round of financing brings in a substantial seven-figure investment from existing backers MAD Ventures and High-Tech Gründerfonds (HTGF), as well as a new partner, aws Gründerfonds.

Innerspace, a pioneering Tyrolean startup, enhances training for cleanroom staff in the pharmaceutical industry with its cutting-edge virtual reality simulations. Building on a previous million-euro investment, the company’s latest funding round also garners support from longstanding investors MAD Ventures and High-Tech Gründerfonds (HTGF), alongside new collaborator, aws Gründerfonds.

Focus on the pharmaceutical and chemical industries

“There are almost 100,000 cleanroom employees in Europe alone, and around four times as many worldwide,” says the company. “The principles behind our simulator are not only applicable to the cleanroom. The requirement to train correct behavior in critical production areas effectively, measurably and reproducibly exists in many other areas besides the pharmaceutical and chemical industries with far higher numbers than just in cleanrooms, for example in laboratories,” says Sebastian Scheler, Co-Founder and Chief Methodologist of Innerspace.

Based in Innsbruck, Austria, and employing 33 people, Innerspace is led by Walter Ischia of the investor MAD Ventures and Alexander Wild. “In recent years, virtual reality has developed from a mere gimmick for early adopters to established use cases in various verticals. In one of the most exciting of these use cases, namely training in critical production environments, Innerspace has managed to build impressive traction in a short period of time, which we believe is due to the high quality of both the product and the team. We are therefore convinced that the investment will enable them to exploit the enormous market potential even faster than before and that there are great opportunities for future growth,” says Markus Jandrinitsch, the responsible investment manager at aws Gründerfonds.

→ Get in touch with us