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June 9, 2011 01:09 am GMT

Mechanical Engineering Marketplace GrabCAD Raises $1.1M

Mechanical engineering community GrabCAD is announcing $1.1 million in seed funding today, from Matrix Partners, Atlas Venture, Next View Ventures and angels John McEleney, Alex Ott, Angus Davis and Jon Stevenson.Founded in 2009, GrabCAD is like an oDesk or an eLance specifically for mechanical engineers, with the added benefit of offering a free CAD model library. Boston-based and with a development team in Estonia, the platform helps connect over 7,500 mechanical engineers with the manufacturers and product development companies that need them. The company has tripled the number of engineers in its community in the past month.

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