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The round of fundraising enables the company to double down on its own software platform for software testing management and further shore up its sales and operations.
The Series B round brings the company’s total funding to nearly $20 million.
The company has increased revenue by 50 percent and employees by nearly 100 percent year-over-year.
Testlio, a software testing company, raised $12 million in Series B funding. Spring Lake Equity Partners led the round.
The software testing startup raised $12 million in Series B funding. Spring Lake Equity Partners led, and was joined by insiders Altos Ventures and Vertex Ventures US.
The round was led by Spring Lake Equity Partners and was oversubscribed. It included participation from Series A co-leads Altos Ventures and Vertex Ventures US.
The new money will be used to beef up its client services and platform capabilities. It also provided employees with secondary proceeds.