uTest Obtains $13,000,000 New Financing

  • Feed Type
  • 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
  • Venture Investor
    Scale Venture Partners
  • Venture Investor
    Longworth Venture Partners
  • Venture Investor
    Egan-Managed Capital
  • Venture Investor
    Massachusetts Technology Development Corp.

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