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Onshape

Acquired

Cambridge, US · Founded 2012 · Delaware corporation · 253 employees on LinkedIn · 9 known investors

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Acquired by PTC Inc. November 2019 · $470M (Approximately $470 million, net of cash acquired) · source ↗

Onshape is a cloud-native CAD and product data management (PDM) system that runs on any device without requiring local installation. The platform serves product designers, manufacturers, enterprises, students, and hobbyists with real-time collaboration features including branching and merging.

Advanced ManufacturingCloud ComputingSaaS

Founders & leadership

Onshape was founded in 2012 by John McEleney, David Corcoran, and Jon Hirschtick.

JMJohn McEleney
John McEleneyCo-founder
DCDavid Corcoran
David CorcoranCo-founder
JHJon Hirschtick
Jon HirschtickCo-founderJon Hirschtick founded SolidWorks in 1993 and served as CEO until 2011, growing it to 2 million users before its 1997 acquisition by Dassault Systemes. He co-founded Onshape, which was acquired by PTC in 2019, and currently serves as Chief Evangelist at PTC focusing on Onshape and other cloud-native products.
DS
Daniel ShoreExecutive
IMIlya Mirman
Ilya MirmanExecutiveIlya Mirman held marketing leadership roles at multiple software and hardware companies including Onshape (which was acquired by PTC), Desktop Metal, Turbonomic (acquired by IBM), SolidWorks (acquired by Dassault Systèmes), and Verve Motion.

Board

ABAxel Bichara
Axel BicharaBoard directorGeneral Partner at Bolt
RD
Rich D'AmoreBoard director
DGDayna Grayson
Dayna GraysonBoard directorCo-Founder and General Partner at Construct Capital
HW
Harry WellerBoard directorGeneral Partner at New Enterprise Associates
PLPeter Levine
Peter LevineBoard directorGeneral Partner at Andreessen Horowitz
EK
Elliot KatzmanBoard director

Investors · 9

Baukunstlisted by BaukunstCambridge · $500K – $3M

How we know: Baukunst's portfolio page · funding news · the VCSheet dataset · Not right? Tell us

Construct Capitallisted by Construct CapitalWashington · $2M – $6M

How we know: Construct Capital's portfolio page · Not right? Tell us

New Enterprise Associates (NEA)listed by New Enterprise Associates (NEA)Menlo Park · $200K – $40M

How we know: techcrunch.com · open dataset · 5k.vc investor directory · Not right? Tell us

Verissimo Ventureslisted by Verissimo VenturesBedford

How we know: Verissimo Ventures's portfolio page · Not right? Tell us

North Bridge Venture Partners & Growth EquityreportedWellesley

How we know: techcrunch.com · Not right? Tell us

Also in the syndicate · 3

Commonwealth Capital PartnersCommonwealth Capital VenturesNorth Bridge

Reported raises · per SEC filings

Form D private placements

$105M disclosed across 1 of 2 rounds · 2015

▶$105MraisedApr 2016 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Axel BicharaDirector
  • John McEleneyExecutive Officer, Director
  • Daniel ShoreExecutive Officer
  • David CorcoranExecutive Officer
  • Jon HirschtickExecutive Officer, Director
  • Rich D'AmoreDirector
  • Dayna GraysonDirector
  • Harry WellerDirector
  • Ilya MirmanExecutive Officer
  • Peter LevineDirector
  • Elliot KatzmanDirector
Offering amount
$105M
Amount sold
$105M
First sale
Sep 2015
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 6

AutodeskAutodesk is a publicly traded developer of design, engineering, and entertainment software, best known for AutoCAD.
Atlas 3DSiemens provides industrial products, services and software spanning the industrial lifecycle, using AI, simulation and smart technologies for digital transformation. Its offerings include building operations management and modular, interoperable solutions for enterprise and industrial customers.
AxedaDigital transformation company that pioneered parametric feature-based modeling software for mechanical design and engineering (CAD).
GrabCAD
3DsDassault Systèmes provides a unified 3D design and simulation platform (3DEXPERIENCE) that enables manufacturing, life sciences, healthcare, and infrastructure companies to create virtual twins of products and systems for innovation and optimization.
Shapr3DShapr3D is a 3D CAD software for designing 3D models across Mac, iPad, Windows, and Vision Pro devices. It serves solo designers, small businesses, and enterprises working in product design, industrial design, manufacturing, and woodworking.

Companies working in the same space as Onshape.

In the news

Onshape Raises $80M Led by Andreessen Horowitztechcrunch.com · Sep 2015After 3 years and $64M in funding, Onshape launches the mother of all productstechcrunch.com · Mar 2015

Frequently asked questions

What does Onshape do?
Onshape is a cloud-native CAD and product data management (PDM) system that runs on any device without requiring local installation. The platform serves product designers, manufacturers, enterprises, students, and hobbyists with real-time collaboration features including branching and merging.
Who founded Onshape?
Onshape was founded by John McEleney, David Corcoran, Jon Hirschtick in 2012.
Who are Onshape's investors?
Onshape's investors include Andreessen Horowitz, Baukunst, Construct Capital, New Enterprise Associates (NEA), Verissimo Ventures, North Bridge Venture Partners & Growth Equity.
How much funding has Onshape raised?
Onshape has disclosed $105M raised across 1 of its 2 known rounds.
Where is Onshape headquartered?
Onshape is headquartered in Cambridge, US.