
Test IO raises $5m series-A from Turn/River Capital
Berlin- and San Francisco-based software testing business Test IO has raised a $5m series-A from US investor Turn/River Capital.
Test IO stated that it will use the funding to hire more staff and to expand in the US. The company's main competitor is Estonian startup Testlio, which relocated to the US in 2013 to take part in the Austin Techstars programme.
Previous funding
In March 2012, Test IO raised seed funding from Heilemann Ventures.
Company
Founded in 2011 and based in Berlin and San Francisco, Test IO (formerly known as Testcloud) is a self-service crowdtesting platform for app and web developers.
People
Thomas Gruderich is the founder of Test IO. Dominic Ang is a founding partner at Turn/River.
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater