uTest Obtains $13,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5682bba5-5bce-4f29-b3f5-cf9f570c8b29&Preview=1 -
Date
9/13/2010 -
Company Name
uTest -
Mailing Address
153 Cordaville Rd Southborough, MA 01772 -
Company Description
uTestTM is revolutionizing traditional software testing by introducing the first global marketplace for software application testing coupled with a Pay Per Bug business model. -
Website
http://www.utest.com -
Transaction Type
Venture Equity -
Transaction Amount
$13,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The new funding will be used towards expanding uTest’s tester-base, moving into service categories, and expanding the company’s recently launched usability testing and load testing services. -
M&A Terms
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Venture Investor
Scale Venture Partners -
Venture Investor
Longworth Venture Partners -
Venture Investor
Egan-Managed Capital -
Venture Investor
Massachusetts Technology Development Corp.
