TestingTime closes CHF2.8 million financing round with investiere, ZKB and Swiss Post

01.06.2018 14:36
Computer test

TestingTime recruits the participants for user tests, focus groups or interviews. The fast growing start-up closed a Series A financing round led by investiere.

Involving test users early in the design process is a key factor for companies to ensure that their new products succeed in the market. TestingTime’s automated test user recruiting service, allowing companies to order test users in under 5 minutes and conduct user research just 48 hours later. With this unique service, TestingTime has already convinced more than 500 customers, including Swisscom, SBB, Migros, SRF, Deloitte, UBS, ZKB, Zalando and Microsoft.

The Series A round was led by investiere. In addition to contributing CHF 1.5 million, investiere also identified a highly relevant business angel from its network to join TestingTimes’ board. Zürcher Kantonalbank and Swiss Post joined this round alongside existing TestingTime shareholders, such as Doodle co-founders, Myke Näf and Paul Sevinç. “We are glad to welcome ZKB and Post on board and happy to see that numerous shareholders reaffirmed their trust in us,” explains TestingTime co-founder and CEO Reto Lämmler. “With these fresh funds we will build on our impressive growth and push our Europe-wide expansion. In this regard we recently set up a UK office in London and the opening of a second outpost is planned in Berlin in the coming weeks.” 

Investiere already recognized TestingTime’s potential early on and participated in the company’s seed round in 2015. “TestingTime has shown excellent revenue growth over the last years and we are proud to be part of this journey,” says Michael Blank, investment manager at investiere.

“We are grateful for investiere’s ongoing support. Already in 2015, they helped us secure former jobs.ch CEO, Mark Sandmeier, for our board,” states Reto. “Not only did Michael and the investiere team once again play a key role in setting up this financing round, investiere helped us identify a highly relevant board member for the second time!”

(Press release)

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