Testbirds: BayBG and Wachstumsfonds Bayern invest 7 million euros

Cate­gory: Venture Capi­tal
18. June 2018

Munich, June 2018. The Munich-based soft­ware company Test­birds GmbH is conti­nuously on a growth course and recei­ves further invest­ments in the amount of seven million euros in a fourth round of finan­cing. The test­ing specia­list was able to win BayBG Baye­ri­sche Betei­li­gungs­ge­sell­schaft and Wachs­tums­fonds Bayern, which is mana­ged by Bayern Kapi­tal, as new inves­tors. Exis­ting inves­tors Seven­ture Part­ners, Extorel and b‑to‑v have also parti­ci­pa­ted in the current round. The million-dollar sum will be inves­ted in the inter­na­tio­nal expan­sion of the Test­birds team and in the deve­lo­p­ment of new technologies.

With 100 employees, offices in seve­ral Euro­pean count­ries and an inter­na­tio­nal crowd of over 300,000 regis­tered testers, as well as an inno­va­tive tech­no­logy, the Munich-based start-up, foun­ded in 2011, tests websites or apps for their clients for free­dom from errors, usabi­lity and accep­tance. “We are very plea­sed that we were able to gain the trust of two new inves­tors and convince them of our busi­ness model. With the invest­ment sum we want to further expand our team and further streng­then our posi­tion as one of the leading provi­ders in the field of soft­ware test­ing “, empha­si­zes Phil­ipp Benkler, foun­der and CEO of Testbirds.

The IT service provi­der counts nume­rous renow­ned compa­nies among its custo­mers, for exam­ple Deut­sche Tele­kom, Audi, Deut­sche Post, Henkel, Payback, n‑tv and Western Union. In addi­tion to crowd­test­ing, the company also offers cloud-based services for test­ing soft­ware applications.

“Test­birds has estab­lished itself as an expert in soft­ware test­ing in recent years and has conti­nuously expan­ded its busi­ness model. With our commit­ment, we are enab­ling the Munich-based test­ing specia­list to drive its inno­va­tions and operate even more stron­gly in the market,” says BayBG invest­ment mana­ger Andreas Heubl.

Roman Huber, Mana­ging Direc­tor of Bayern Kapi­tal adds: “Test­birds has deve­lo­ped impres­si­vely in recent years and can now count itself among the leading crowd test­ing provi­ders. The parti­ci­pa­tion of Wachs­tums­fonds Bayern in the current finan­cing round is inten­ded to help the company stay on the road to success and conti­nue its growth trajectory.”

About Test­birds
Test­birds was foun­ded in 2011 by Phil­ipp Benkler, Georg Hans­bauer and Markus Stein­hau­ser (photo from left to right) . In addi­tion to its head­quar­ters in Munich, the company has further offices in Amster­dam, London and Stock­holm, fran­chi­sees in Hungary, Russia and Slova­kia, and sales part­ners in Italy. The company offers its custo­mers diffe­rent types of tests for the opti­miza­tion of usabi­lity and func­tion­a­lity. With over 300,000 regis­tered testers in 193 count­ries, Test­birds is one of the world’s leading crowd­test­ing provi­ders. In addi­tion, the IT service provi­der relies on cloud-based tech­no­lo­gies to help custo­mers opti­mize digi­tal products.

About BayBG
BayBG Baye­ri­sche Betei­li­gungs­ge­sell­schaft mbH is one of the largest provi­ders of equity capi­tal for Bava­rian small and medium-sized enter­pri­ses. It curr­ently has a commit­ment of 315 million euros to around 500 Bava­rian compa­nies. With its venture capi­tal and equity invest­ments, it enables small and medium-sized compa­nies to imple­ment inno­va­tion and growth projects, arrange for company succes­sion or opti­mize their capi­tal structure.

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