GrabCAD has closed a $4 million in Round A financing led by Matrix Partners. This is in addition to their seed round of $1.1 million they closed in June 2011. Other existing investors in GrabCAD participated in the round. According to Hardi Meybaum, the CEO and Co-Founder of GrabCAD, the investment will be used to improve the community and product at large.
GrabCAD is an Estonian run startup focusing on helping engineers with CAD drawings. It's a very niche oriented community for people with a certain skill set, therefore it's also one where it's tougher to build traction than in general with consumer services. However, after having a talk with Siim Teller, the Chief Product Officer of GrabCAD, I'm convinced they are onto something great here.