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Colab raises $21M in Series B funding led by Insight Partners to enhance collaborative tools for engineers

PRIVATEMay 16, 2024

Amount Raised

$21 Million

Round Type

Series B

St. John'sInformation TechnologySoftwareinformation technology & services

Investors

Pelorus VCKillick CapitalY CombinatorInsight Partners

Description

Colab, founded by engineers Adam Keating and Jeremy Andrews, has raised $21 million in a Series B funding round led by Insight Partners. The funding will be used to accelerate the scale-up of the existing go-to-market motion and invest in AI development.

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.

  • Fetcherr raised $90M (Series B) on June 26, 2024.
  • ProofPilot raised $4.7M on June 26, 2024.
  • Ruli raised $2.2M (Pre-Seed) on June 25, 2024.
  • epresspack raised $7.6M (Funding Round) on June 18, 2024.
  • AlphaSense raised $650M (Series F) on June 11, 2024.
  • Greenlite Ventures raised $16M on June 11, 2024.

Who to call at CoLab Software, and when

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Company Information

Company

CoLab Software

Location

251 E WHITE HILLS ROAD

St. John's, Newfoundland And Labrador, Canada

About

CoLab is a cloud based platform purpose built for fast, effective design review. Using CoLab, multiple engineers, designers, and other stakeholders can review designs together and build off one another's feedback.
CoLab makes it easy to review the right data (including CAD) with all the right people, capture useful feedback, and track issues through to action. CoLab pulls together design discussions previously lost in emails, spreadsheets, and notebooks into a single platform that integrates back into PLM. We call it a Design Engagement System.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment CoLab Software raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

5 contacts
Verified contactsSydney S., SVP Customer Success hidden hidden hiddenSee plans and pricing
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

CoLab Software raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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