SpaceClaim Corporation Receives $7,000,000 Series C Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f54ab1f1-0def-4523-b339-480e899f6838&Preview=1
Date
3/13/2009
Company Name
SpaceClaim Corporation
Mailing Address
150 Baker Ave. Ext Concord, MA 01742
Company Description
SpaceClaim Corporation provides breakthrough mechanical design technology that enhances engineers’ productivity by empowering them to contribute to, consume, and share mechanical designs in 3D digital format. SpaceClaim’s innovative and intuitive 3D tools extend the benefits of 3D use beyond the dedicated product designer to others throughout product development, such as suppliers, manufacturing engineers, analysis engineers, and engineering management.
Website
http://www.spaceclaim.com
Transaction Type
Venture Equity
Transaction Amount
$7,000,000
Transaction Round
Series C
Proceeds Purposes
This new round of funding will help us to continue to meet the market requirements and develop new customers and channels.
M&A Terms
Venture Investor
North Bridge Venture Partners
Venture Investor
Kodiak Venture Partners
Venture Investor
Borealis Ventures
Venture Investor
Needham Capital Partners