# Onshape

> Onshape delivered cloud-native CAD from SolidWorks veterans before PTC acquired it for $470M in 2019.

## Why it is interesting

John McEleney’s team rebuilt 3D design as a browser SaaS — NEA backed early rounds before a16z’s $80M bet on collaborative engineering tools.

## Profile

- **Stage:** acquired
- **Status:** acquired
- **Industries:** generalist-tech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Series A/B (2013–2015): $64M+ from NEA, North Bridge (TechCrunch)
- Series C (Sep 2015): $80M led by a16z (Forbes)
- Exit (Nov 2019): Acquired by PTC for $470M

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/new-enterprise-associates

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/onshape