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Ansys buys venture capital-backed SpaceClaim for $85m

2 May 2014

network dataThe venture capital owners of SpaceClaim Corp have exited the 3D modeling tool provider to Ansys in an $85m deal.

SpaceClaim’s main product is 3D direct modeller SpaceClaim Engineer, which offers UI/UX design for both 3-D applications and mobile devices.

The company’s venture backers included Borealis Ventures, Kodiak Venture Partners, Needham Capital Partners and North Bridge Venture Partners.

Borealis, Kodiak and Needham backed the company’s $7.5m Series A round in 2005 and its $13.5m Series B two years later, which also saw participation from north Bridge.

SpaceClaim raised $28m in further three round between 2009 and 2012.

Earlier this year North Bridge co-led a $21m financing round for next-generation cable provider Layer3 TV.

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