# GrabCAD

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grabcad

- Industry: Internet
- Headquarters: Tallinn, Estonia
- Website: www.grabcad.com
- Total disclosed funding: $14M
- Latest round: Series B (Oct 15, 2012)
- Investors on record: 8

## About

GrabCAD is a manufacturing software company that specializes in providing an advanced open software platform for scalable additive manufacturing, targeting enhanced productivity and streamlined processes.GrabCAD operates as a software company focused on additive manufacturing solutions. Established in Tallinn, Estonia, the company was acquired by Stratasys Ltd. in September 2014 for USD 100 mn. The founder's history is not specified, but the company has maintained a strong presence in the engineering and manufacturing sectors, primarily serving clients in North America, Europe, and Asia.  The most recent funding round occurred in September 2014, resulting in a total amount raised of USD 100 mn.GrabCAD offers an advanced open software platform designed to facilitate scalable additive manufacturing, connecting various solutions to enhance productivity within Industry 4.0 initiatives. Their services cater to sectors including aerospace, automotive, and consumer products, helping customers address complex manufacturing challenges. The software integrates seamlessly with Stratasys' additive manufacturing technologies, supporting customers in optimizing production and reducing time-to-market.In the most recent year of 2024, GrabCAD reported a revenue of USD 3,047,912.30, with an EBITDA of USD 160,714.80. The company's revenue model relies on subscription-based services, allowing users access to its software platform and tools. This structure fosters long-term partnerships with businesses across various tiers of service offerings, all designed to support different levels of usage and technological needs.GrabCAD plans to leverage its recent acquisition by Stratasys to enhance its platform with new products focusing on additive manufacturing innovations. The company aims to expand into additional markets in Asia and Europe by 2025, utilizing the USD 100 mn from its acquisition to support product development and market entry strategies.

## Funding rounds

- Series B, Oct 15, 2012, $8.2M — Atlas Venture, CRV, Matrix Partners, NextView Ventures
- Series A, Jan 5, 2012, $4.2M — Atlas Venture, Matrix Partners, NextView Ventures
- Seed, Jun 8, 2011, $1.1M — Atlas Venture, Matrix Partners, NextView Ventures
- Seed, Mar 1, 2011 — Techstars
- Seed, Feb 1, 2011 — Seedcamp
- Seed, Jun 2, 2010, $0.3M — Astrec Baltic Ltd., SmartCap

## Investors

- Astrec Baltic Ltd. — Seed
- SmartCap (https://capitalatlas.ai/funds/smartcap) — Seed
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Seed, Series A, Series B
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Seed, Series A, Series B
- NextView Ventures (https://capitalatlas.ai/funds/nextview-ventures) — Seed, Series A, Series B
- CRV (https://capitalatlas.ai/funds/crv) — Series B