October 15th, 2012

GrabCAD Raises $8.15M From Charles River Ventures, Yammer Co-Founder & Others For Its ‘GitHub For Mechanical Engineers’

grabcad

GrabCAD, which offers an online community and cloud-based collaboration tools for those involved in designing and building physical products, has raised an $8.15 million series B round led by Charles River Ventures, with participation from new investor David Sacks (co-founder of Yammer and former chief operating officer of PayPal), and existing investors Atlas Venture, NextView Ventures, and → Read More

January 4th, 2012

Mechanical Engineering Community GrabCAD Grabs $4 Million

grabcad

GrabCAD, which operates a community for (and founded by) mechanical engineers, where they can share knowledge and collaborate on CAD models, projects and whatnot, has raised $4 million in Series A to add to its its $1.1 million seed round from back in June 2011.

The Series A round was led by previous investor Matrix Partners; the firm’s David Skok will be taking a board seat. Other existing… → Read More

September 12th, 2011

Seedcamp Week 2011 – meet the finalists, the winners and one good Samaritan

As I wrote last week when Seedcamp made a flurry of announcements, including fresh funding and ambitious plans for international expansion, I spent some time in London last week to get acquainted with a bunch of interesting European startups.

Below is an overview of all 20 Seedcamp Week 2011 finalists, starting with the 3 (well, actually, 4 winners).

But first, it’s worth noting that Seedcamp… → Read More

June 8th, 2011

Mechanical Engineering Marketplace GrabCAD Raises $1.1M

Mechanical engineering community GrabCAD is announcing $1.1 million in seed funding today, from Matrix Partners, Atlas Venture, Next View Ventures and angels John McEleney, Alex Ott, Angus Davis and Jon Stevenson.

Founded in 2009, GrabCAD is like an oDesk or an eLance specifically for mechanical engineers, with the added benefit of offering a free CAD model library. Boston-based and with a… → Read More

November 22nd, 2010

GrabCAD flicks the monetization switch, launches marketplace

GrabCAD, the open source CAD (computer aided design) library and engineering community, has flicked the monetization switch with the launch of its CAD services marketplace.

Harvesting the talent of its 1,000 engineer-strong community, the marketplace connects those engineers with anyone in need of technical drawings and CAD-related services, promising a 24-hour turnaround and a flat fee of $30… → Read More

July 14th, 2010

GrabCAD secures €256k for its open source 3D library and CAD marketplace

GrabCAD, an open source library for CAD (computer aided design) engineers, has secured €256k of angel funding from the Estonian Development Fund and telecommunication technology company Astrec Baltic (owner of Motors24.ee) with the aim to become “the world’s leading web environment for CAD engineers within three years.”

Founded by Hardi Meybaum and Indrek Narusk, GrabCAD, which is set to… → Read More