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Onshape raises $64 million for CAD software solution

March 9, 2015

Onshape, a computer-aided design (CAD) software company, has raised $64 million in funding from New Enterprise Associates, North Bridge Venture Partners and Commonwealth Capital, Fortune first reported. The company has also launched the beta version of its product, CAD software which allows users to share projects across devices. “It’s extremely motivating for us to see real-world products already being designed with Onshape and brought to the marketplace. Our first users are now manufacturing consumer electronics and industrial equipment,” Onshape founder John Hirschtick wrote in a blog post.

Quixey, a mobile search startup, has raised $60 million in Series C1 funding, in a round led by Alibaba. SoftBank, GGV and Goldman Sachs also participated. The company has now raised more than $133 million.  According to Re/code, the funding values the company at $600 million.

LiquiGlide, which makes spray-on coating technology, has announced a $7 million funding round and the intention to focus on a new industry – the oil and gas sector. Roadmap Capital provided the funding for the Cambridge-based company.

Maternal and infant social networking company Lamabang.com has completed a $100 million Series C round of financing led by Vipshop. The company is now valued at $1 billion and Matrix Partners China, Greenswoods Asset Management and Morningside Ventures also participated.

Insurance comparison website CoverHound has raised $14 million in Series B financing from existing investors RRE Ventures, Blumberg Capital and Bullpen Capital and new backers Core Innovation Capital, Thomas Lehrman, Tugboat Ventures, Route 66 Ventures and American Family Ventures. The company will use the funds to support its new marketing partnerships such as the recently announced Google Compare, a tool which will be launched in the coming months. “With our B round now secured, we will continue to expand our team and reach even more insurance shoppers online through new, high profile partnerships,” said Keith Moore, CEO of CoverHound. “Welcoming more FinTech-focused investors to an already strong group has us well positioned to provide the best possible consumer experience.”

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Filed Under: Finance, Investment Round Up, Startups

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