# Testlio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/testlio

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.testlio.com
- Total disclosed funding: $19M
- Latest round: Series B (Oct 26, 2021)
- Investors on record: 6

## About

Testlio Inc. is a managed crowdsourced testing platform providing comprehensive software testing and quality assurance services, ensuring high-quality software delivery and optimal performance across various devices and markets.Founded in 2012 and headquartered in San Francisco, US, Testlio Inc. specializes in software testing and quality assurance (QA) services. The company was co-founded by Kristel Kruustuk and Marko Kruustük, with CEO Steve Semelsberger currently at the helm. Testlio has successfully raised a total of USD 12.00 mn in its latest funding round, which was a Series B round conducted on October 26, 2021, led by Spring Lake Equity Partners and participated by Altos Ventures and Vertex Ventures. This round of financing has brought their total funding to USD 12.00 mn and their current company valuation to USD 100.00 mn.Testlio specializes in software testing and quality assurance (QA) services, offering a comprehensive managed crowdsourced testing platform that integrates expert testers directly into clients' software release processes. Their product suite includes manual testing, test automation, payments testing, AI testing, functional testing, regression testing, accessibility testing, localization testing, customer journey testing, and usability testing. The company serves a diverse client base across multiple sectors, including commerce, finance, health, media, education, and travel, with a global reach in 150 countries, supporting over 600,000 devices and 800 payment methods.Testlio generates revenue through its managed testing services, structured around partnerships with enterprises requiring extensive QA capabilities for their software products. Revenue is primarily generated through subscription-based agreements or project-based contracts, with pricing plans tailored to client requirements. Their key services, such as test automation and localization testing, play a significant role in driving customer satisfaction and improving software quality for clients.Following the successful Series B funding round on October 26, 2021, where Testlio Inc. raised USD 12.00 mn, the company plans to utilize this capital to expand its client services, deepen its platform capabilities, enhance brand awareness, and extend its sales footprint into new territories. Specific markets targeted for expansion have not been detailed, but the company is focused on broadening its global presence.

## Funding rounds

- Series B, Oct 26, 2021, $12M — Altos Ventures, Spring Lake Equity Partners, Vertex Ventures
- Series A, Apr 11, 2016, $6.3M — Altos Ventures, Vertex Ventures
- Seed, Mar 30, 2015, $1M — Techstars, Upslope Ventures, Riverwalk Capital Partners
- Seed, Aug 5, 2013, $0.2M — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Upslope Ventures (https://capitalatlas.ai/funds/upslope-ventures) — Seed
- Riverwalk Capital Partners (https://capitalatlas.ai/funds/riverwalk-capital-partners) — Seed
- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A, Series B
- Vertex Ventures (https://capitalatlas.ai/funds/vertex-ventures) — Series A, Series B
- Spring Lake Equity Partners (https://capitalatlas.ai/funds/spring-lake-equity-partners) — Series B