# Onshape

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

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.onshape.com
- Total disclosed funding: $174M
- Latest round: Series A (Jan 28, 2019)
- Investors on record: 5

## About

Onshape Inc. is a cloud-native product development platform that integrates CAD and PDM capabilities, enhancing collaboration and design efficiency for engineering and manufacturing professionals across the globe.Founded in 2012 by John McEleney and Ronav Jaiswal, Onshape Inc. operates from Cambridge, US, providing a modern solution for product design. The company has raised a total of USD 470.00 mn through 8 investment deals, with the most recent funding round being a Trade Sale from PTC Inc. on October 23, 2019.Onshape is a cloud-native product development platform that integrates computer-aided design (CAD) with product data management (PDM) capabilities. Its core offerings include tools for modern CAD that facilitate the creation of parts, assemblies, and drawings, alongside advanced features such as version control, branching, and merging. Onshape primarily addresses the challenges of design inefficiencies and enhances collaboration across geographically dispersed teams by enabling real-time access and modifications on any device without the need for local installations. Key end-users include professionals in engineering, manufacturing, and educational institutions, who benefit from streamlined workflows and improved data management. The platform is utilized globally, with strong adoption in markets such as North America, Europe, and parts of Asia, reflecting its appeal among startups, large enterprises, and educational organizations.Onshape generates revenue through a subscription-based model, offering various pricing tiers tailored to different user needs, including individual professionals and larger enterprises. Customers typically engage with Onshape through direct subscriptions or educational licenses, where institutions gain access to the platform for faculty and student use. The pricing structure includes options for Onshape Professional and Onshape Enterprise plans, catering specifically to the advanced needs of teams requiring enhanced tools for product design and collaboration. Revenue is derived from these subscription transactions, where clients pay recurring fees for access to Onshape's extensive suite of CAD and PDM features. The model promotes sustained customer engagement and provides users with ongoing access to the latest software updates and enhancements.Onshape is poised for future growth, especially following its acquisition by Parametric Technology Corp for USD 470.00 mn, expected to close in November 2019. The company is focusing on enhancing its product offerings and expanding into new markets, particularly in Europe and Asia, by 2021. The recent funding will support the development of new features and tools within its platform, aiming to increase user engagement and streamline workflows.

## Funding rounds

- Series A, Jan 28, 2019, $5M — BP Ventures
- Series D, Apr 14, 2016, $25M — Commonwealth Capital Ventures, New Enterprise Associates, North Bridge Venture Partners, Andreessen Horowitz
- Series D, Sep 15, 2015, $80M — Commonwealth Capital Ventures, New Enterprise Associates, North Bridge Venture Partners, Andreessen Horowitz
- Series C, Jan 28, 2014, $30M — Commonwealth Capital Ventures, New Enterprise Associates, North Bridge Venture Partners
- Series B, Apr 2, 2013, $25M — Commonwealth Capital Ventures, New Enterprise Associates, North Bridge Venture Partners
- Series A, Nov 29, 2012, $9M — Commonwealth Capital Ventures, North Bridge Venture Partners

## Investors

- Commonwealth Capital Ventures (https://capitalatlas.ai/funds/commonwealth-capital-ventures) — Series A, Series B, Series C, Series D
- North Bridge Venture Partners (https://capitalatlas.ai/funds/north-bridge-venture-partners) — Series A, Series B, Series C, Series D
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B, Series C, Series D
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series D
- BP Ventures (https://capitalatlas.ai/funds/bp-ventures) — Series A