Cloud Testing Firm Testin Completes $30M Series C Round


Testin, a Beijing-based start-up that provides one-stop cloud testing services to mobile app and games developers, has completed a US$30 million series C funding round led by existing investor IDG Capital Partners, according to a company announcement.

Founded in 2011, Testin previously received series A funding from IDG.

In 2014 to 2015, it raised a series B financing round from IDG and Banyan Capital, and a series B+ round led by Haiyin Venture Partners, with participation from existing investors Banyan and IDG, in 2015.

The series B and B+ round totaled US$54.9 million, says the reports.

Testin provides real terminal-based, mobile app development and prototype testing, compatibility testing and service quality monitoring.

The company serves mostly small and medium sized enterprises, mostly mobile gaming firms and mobile app developers, as well as financial technology companies.

Haiyin Venture Partners is an early stage investment firm focused on the technology, media, and telecommunications (TMT) sectors. It was co-founded by Chinese angel investor Xue Manzi.

(Correction: An earlier version of the story mistakenly stated that Haiyin Venture Partners led the series C round.)

(Update on September 1, 2016: Testin released an official news announcement, indicating IDG Capital Partners is the investor in the series C round.)

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