The France-based regional investment funds Fonds Pays de la Loire Croissance and Océan Participations have joined Alsim's capital by investing a total of 2.1 million euros. This arrangement allows the company to pursue both its future product development and its, mostly international, commercial development.

Founded in 1994 by Jean-Paul Monnin and Jérôme Binachon, Alsim has been developing and manufacturing FAA and EASA certified flight simulators for flight schools, airlines and universities worldwide. It celebrated its 25th anniversary last summer. Alsim hardware and software is developed and created entirely in house.

Driven by the growing demand for new pilots, the company is now accelerating its development in the Asian market, as well as in the US market where an office was opened in Austin, Texas in 2017. The fund raising will thus support this growth and help to pursue various projects initiated in recent years, and also modify the financial structure of the company and separate Alsim from its former subsidiary, the flight training school Airways.

Monnin says: “The partnership with Fonds Pays de la Loire Croissance and Océan Participations will enable the company to focus on innovation, which is at the core of Alsim's strategy, including the finalisation of our latest product, the Airliner, designed for the final phase of ab initio training. It will also allow us to pursue our efforts to develop the US market.”

Fonds Pays de la Loire Croissance deputy director Julie Gadois adds: “The strong growth path taken by the company for the past two years, and which continues, required a strengthening of its financial structure to give it the financial resources to achieve its ambitious objectives.” Océan Participations investment manager Pierrick Charrot continues “Seduced by the proposed adventure, the products and the international vision of the company, our wish was to accompany the director and his teams in a very dynamic development of the company.”