TechCrunch

Toronto-based startup and online electronic design automation platform and hardware hacker community has raised $2.3 million in seed funding, the company revealed to TechCrunch today. The funding is from Boris Wertz’s Version One Ventures, and includes Tom McInerney, Autodesk CEO Carl Bass, Amol Sarva (who created the Peek proto-smartphone device), David Lerner and Golden Venture Partners.

Upverter has evolved considerably since its participation in the Y Combinator class of Winter 2011. The startup originally appealed mostly to home hackers and hardware DIY enthusiasts who wanted to share electronics diagrams and help each other out in a very grassroots approach to engineering, and Upverter encouraged that and grew its network considerably. The past year, however, has been spent building Upverter into something a bit more business-friendly, and that has resulted in the startup landing its first revenue, from enterprise clients paying “tens of thousands” of dollars per month for…

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