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CoLab Software
CoLab Software is developing modern collaboration technologies for the mechanical design industry
About CoLab Software
CoLab Software operates in the engineering and design sector, providing a collaborative platform tailored for hardware teams. The platform integrates seamlessly with major Product Lifecycle Management (PLM) systems and Computer-Aided Design (CAD) tools, facilitating efficient design reviews and feedback management. CoLab's core service is to automate and organize design feedback, significantly reducing non-value-added work and enhancing real problem-solving during design reviews. The platform supports over 30 file types, making it versatile for teams working with different CAD tools. CoLab serves engineering leaders and hardware teams who seek to improve their design processes and product quality through better collaboration and continuous improvement. The business model is likely subscription-based, generating revenue through licensing fees from its software platform. CoLab's market includes industries that rely heavily on precise engineering and design, such as automotive, aerospace, and manufacturing. By enabling active participation, real-time issue tracking, and contextualized feedback, CoLab helps its clients hit cost reduction targets and improve supplier collaboration.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- St. John's, Canada
- Employees
- 229
- Open positions
- 16
- Dealroom signal
- 92.6/100
- Industry
- Enterprise Software, Engineering and Manufacturing Equipment
- Sector
- Other B2B Software, Bluetech Related, YC S19
- Business model
- SaaS
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES COther financing | Nov 2025 | $72M | $288M | Insight Partners · Y Combinator · Killick Capital · Pelorus Venture Capital | ↗ |
| LATE VCOther financing | Mar 2025 | $3.9M | $105M | Undisclosed | ↗ |
Growth signals
Latest recorded traffic for CoLab Software is 89K monthly website visits, up 8.5% over the last three months. CoLab Software's team grew 30.9% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed5 investors entered at this stage
Panache Ventures
Pelorus Venture Capital- KCKillick Capital
Y Combinator
Canada's Ocean Supercluster
Series A1 investor entered at this stage
Series B and later2 investors entered at this stage
Intrepid Growth Partners
Spider Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about CoLab Software on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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