Testbirds has continued to increase its revenues in recent years and has also retained its largest customers – including corporations such as BMW, Deutsche Bahn, and Deutsche Telekom. With the additional funding from Round2 Capital, the company intends to further expand its customer base with the goal of becoming the world's leading crowdtesting provider. The undisclosed seven-figure sum that the VC invested in the Munich It is an income-dependent loan investment.
Stefan Nagel, Managing Partner at Round2 Capital, commented on the investment:
"We are impressed by Testbirds' development over the past few years and believe that revenue-based financing is perfectly suited to enable further growth. We are excited to partner with Testbirds and its existing investors and support their vision of becoming the world's leading crowdtesting provider."
This is the sixth financing round for the Munich-based company. Existing investors include Seventure Partners, Exotel, and B2venture. BayBG and Bayern Kapital also invested in the company.
Testbirds aims to continue its growth course
Georg Hansbauer, CEO and co-founder of Testbirds, is also enthusiastic:
"We are very pleased with Testbirds' recent development and look forward to what we can achieve with the support of Round2 Capital. The funding will enable us to continue our growth trajectory and create even more value for our customers."
According to the company, over 1 million testers worldwide are registered with Testbirds to test software applications such as websites and apps on their own devices. The focus is on testing usability and functionality for all software types and device combinations. The company itself now has over 100 employees.
