Alsim €2.1 million

The regional investment fund Fonds Pays de la Loire Croissance et Océan Participations has invested €2.1 million in Alsim.

The money, the French simulation specialists said, allowed them to pursue both its future product development and its, mostly international, commercial development.

"(It) will enable the company to focus on innovation which is at the core of Alsim’s strategy, including the finalization of our latest product, the Airliner, designed for the final phase of ab initio training," said Alsim founder Jean-Paul Monnin. 

"It will also allow us to pursue our efforts to develop the US market."

Founded in 1994 by Monnin and Jérôme Binachon, Alsim has been developing and manufacturing FAA & EASA certified flight simulators for flight schools, airlines and universities worldwide. Alsim’s simulators are in use in 50 countries, with more than 400 certified simulators installed with over 300 clients.