Colab Raises $17M Series A To Modernize Collaboration For Mechanical Engineering Teams
Amount Raised
$17 Million
Round Type
Series A
St. John'sInformation TechnologySoftwareinformation technology & servicesDescription
CoLab Software, the Newfoundland-based CoDesign platform for mechanical engineering teams, today announced that it has raised $17 million in Series A funding that will enable the company to double its 54-person team and bring the benefits of modern collaboration to even more design and manufacturing organizations. New York-based global private equity and venture capital firm Insight Partners led the round, with participation by new and existing VCs and strategic angels from industry heavyweights such as Xometry, Onshape, GrabCAD, Bosch, Tesla and Atlassian.
Quick answer
CoLab Software raised $17 Million in a Series A round, dated October 19, 2021. CoLab Software is based in St. John's, Newfoundland And Labrador, Canada.
- How much did CoLab Software raise?
- CoLab Software raised $17 Million in a Series A round on October 19, 2021.
- What does CoLab Software do?
- CoLab is a cloud based platform purpose built for fast, effective design review.
- Where is CoLab Software based and how big is it?
- CoLab Software is based in St. John's, Newfoundland And Labrador, Canada. Fundz records about 170 employees.
- Who are the decision-makers at CoLab Software?
- Fundz holds 5 contacts at CoLab Software, including the SVP Customer Success. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in information technology & services and Software around the same time
Companies in the same sectors as CoLab Software that raised within 45 days of this round, from Fundz verified event records.
- Upbound raised $52M on December 1, 2021.
- Upbound raised $60M (Funding Round) on November 29, 2021.
- CoreStack raised $30M (Series B) on November 23, 2021.
- Duel Tech raised $150K (Pre-Seed) on November 22, 2021.
- Duel Tech raised $85K (Pre-Seed) on November 22, 2021.
- Miva, Inc. raised an undisclosed amount on November 18, 2021.
Who to call at CoLab Software, and when
A new round usually means CoLab Software is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day CoLab Software raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at CoLab Software, from your own LinkedIn network
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Fundz sees it the moment CoLab Software raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
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Funding Insights
What this usually meansCoLab Software raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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