How Much Did SoftSource Raise?
Funding & Key Investors

SoftSource, a long-standing developer of Computer Aided Design (CAD) drafting, translation, and management software, has secured $350K in total capital. The company recently announced a $350K strategic investment, marking a significant milestone in its operational history. This latest financing round underscores the continued investor confidence in SoftSource's established position within the CAD software market.

What is SoftSource?

SoftSource
SoftwareEngineering Software

Founded in 1982, SoftSource specializes in developing sophisticated CAD drafting, translation, and management software solutions. Its product suite, utilized by tens of thousands of CAD, facility, and project supervisors, includes pioneering programs like the Drawing Librarian and Block Librarian. A key technological contribution is the Drawing eXchange Engine (DXE), an industry-standard AutoCAD read-write API developed in 1990, which serves as a foundation for its Vdraft editor. SoftSource emphasizes technical quality, integrating high-performance application engineering, well-designed tools, industry-standard technology, and a state-of-the-art user interface to empower CAD users.

How much funding has SoftSource raised?

SoftSource has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

Key Investors in SoftSource

PPP

Public-Private Partnership

What's next for SoftSource?

With the recent strategic investment of $350K, SoftSource is poised for further expansion and technological advancement. The substantial capital infusion, contributing to its $350K total funding, suggests a focus on scaling operations, enhancing its existing product lines, and potentially exploring new market opportunities. This late-stage funding indicates a mature company leveraging its established technology, such as the DXE, to solidify its market leadership and drive innovation in the competitive CAD software landscape.

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Frequently Asked Questions Regarding SoftSource Financial Insights

What are the most recent funding rounds that SoftSource has completed, and what were the funding rounds?
SoftSource has recently completed 1 funding rounds: Debt on Apr 13, 2020.
What is the total amount of funding SoftSource has raised to date?
SoftSource has raised a total of $350K in funding to date.
How many funding rounds has SoftSource completed?
SoftSource has completed 1 funding rounds.
How much funding did SoftSource raise in its most recent funding round?
SoftSource raised $350K in its most recent funding round.
Who are the lead investors in SoftSource's latest funding round?
The lead investor in SoftSource's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in SoftSource's history?
The largest funding round in SoftSource's history was $350K.
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