What is Onshape?
Onshape operates as a next-generation SaaS design platform, fundamentally altering how extended engineering teams collaborate. By providing a cloud-based ecosystem that combines CAD, workflow management, and administrative tools, the company eliminates the friction associated with legacy desktop-based software. Its market position is defined by its ability to offer unprecedented visibility into design and manufacturing processes, enabling executives to make data-driven decisions in real-time. Since its acquisition by PTC in 2019, Onshape has continued to serve as a critical business unit, leveraging its API-first approach to integrate with over 50 engineering applications, thereby cementing its status as an essential utility for modern product development.
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 Andreessen Horowitz, Commonwealth Capital Ventures, New Enterprise Associates, and North Bridge Venture Partners
Unspecified (2016): $105M supported by Andreessen Horowitz and Commonwealth Capital Ventures
Key Investors in Onshape
Andreessen Horowitz
A prominent venture capital firm that invests in bold entrepreneurs building the future through technology, with a strong focus on software and internet-based platforms.
Commonwealth Capital Ventures
A technology-focused venture capital firm that partners with early and growth-stage entrepreneurs in software, internet, and digital media sectors.
New Enterprise Associates
A global venture capital firm established in 1977 that specializes in helping entrepreneurs build transformative businesses across various technology and healthcare stages.
What's next for Onshape?
Looking ahead, the strategic focus for Onshape involves deepening its integration within the broader PTC ecosystem while expanding its footprint in the global manufacturing sector. The capital raised throughout its growth stages has provided the necessary runway to enhance its collaborative features and analytics capabilities. As the industry shifts toward fully digitalized product lifecycles, Onshape is well-positioned to capitalize on the demand for agile, cloud-native design solutions. Future growth will likely center on scaling its enterprise-level offerings and maintaining its competitive edge through continuous innovation in its SaaS-based engineering suite, ensuring that design teams remain synchronized regardless of their physical location.
See full Onshape company page
