What is Onshape?
Onshape operates as a next-generation SaaS design platform, fundamentally altering the landscape of product development. By consolidating CAD, release management, workflow orchestration, and real-time analytics into a unified system, the company addresses the fragmentation typically found in traditional engineering environments. Its architecture supports over 50 engineering applications, providing extended design teams with the visibility and administrative control necessary to accelerate time-to-market. Following its acquisition by PTC in 2019, Onshape continues to function as a specialized business unit, leveraging its cloud-native infrastructure to drive digital transformation for global enterprises.
How much funding has Onshape raised?
Onshape has raised a total of $194M across 3 funding rounds:
Unspecified
$9M
Private Equity
$80M
Unspecified
$105M
Unspecified (2012): $9M with participation from Commonwealth Capital Ventures and North Bridge Venture Partners
Private Equity (2015): $80M led by North Bridge Venture Partners, Andreessen Horowitz, Commonwealth Capital Ventures, and New Enterprise Associates
Unspecified (2016): $105M supported by Commonwealth Capital Ventures and Andreessen Horowitz
Key Investors in Onshape
Commonwealth Capital Ventures
A technology-focused venture capital firm that partners with early and growth-stage entrepreneurs in software, internet, and digital media, providing patient capital to build enduring companies.
Andreessen Horowitz
A prominent venture capital firm that invests in bold entrepreneurs building the future through technology, known for its deep expertise in software and platform-based business models.
North Bridge Venture Partners
A firm specializing in seed-to-growth financing, focused on transforming innovative startups into market leaders by providing strategic support and capital to disruptive ventures.
What's next for Onshape?
With a history of robust financial support, Onshape is well-positioned to continue its expansion within the enterprise software market. The strategic focus remains on deepening the integration of its API-driven ecosystem and enhancing the collaborative capabilities that distinguish it from legacy desktop-bound CAD solutions. As the industry shifts toward remote and distributed engineering teams, Onshape's cloud-first approach provides a significant competitive advantage. Future growth will likely center on scaling its analytics suite and expanding its footprint within the broader PTC portfolio, ensuring that the platform remains the primary engine for agile product design and manufacturing intelligence.
See full Onshape company page
