GrabCAD Closes $4 Million Series A Financing
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 The GitHub Of CAD Models
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.
