Testbirds: BayBG and Wachstumsfonds Bayern invest 7 million euros
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.”
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.
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.