About TestQuest
TestQuest is a company based in Minneapolis (United States) founded in 1983 was acquired by Bsquare in November 2008.. TestQuest has raised $20.2 million across 3 funding rounds from investors including Norwest Venture Partners, Bsquare and Gabriel Venture Partners. TestQuest operates in a competitive market with competitors including Sauce Labs, Spirent, Tricentis, Headspin and BrowserStack, among others.
- Headquarter Minneapolis, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20.2 M (USD)
in 3 rounds
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Latest Funding Round
$7.5 M (USD), Series A
Nov 01, 2005
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Investors
Norwest Venture Partners
& 5 more
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Employee Count
Employee Count
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Acquired by
Bsquare
(Nov 20, 2008)
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Funding Insights of TestQuest
TestQuest has successfully raised a total of $20.2M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.5 million completed in November 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $7.5M
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First Round
First Round
(02 Jan 2002)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2005 | Amount | Series A - TestQuest | Valuation | Gabriel Venture Partners | |
| Feb, 2004 | Amount | Series A - TestQuest | Valuation | Norwest Venture Partners , RRE Ventures |
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| Jan, 2002 | Amount | Series A - TestQuest | Valuation | Needham Capital Partners , Norwest Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TestQuest
TestQuest has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Norwest Venture Partners, Bsquare and Gabriel Venture Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC firm investing in the US
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Private equity investments in the US are managed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TestQuest
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TestQuest
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Testquest Comparisons
Competitors of TestQuest
TestQuest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sauce Labs, Spirent, Tricentis, Headspin and BrowserStack, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud based cross browser testing solutions provider
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| domain | founded_year | HQ Location |
Provider of automated testing and assurance solutions for networks, security, and positioning
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| domain | founded_year | HQ Location |
AI powered software testing suite
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| domain | founded_year | HQ Location |
Cloud-based IT experience and continuous testing solutions are offered.
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| domain | founded_year | HQ Location |
Cloud based suite of software testing solutions
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| domain | founded_year | HQ Location |
Cloud-based cross-browser testing services are provided for web applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Testquest
Frequently Asked Questions about TestQuest
When was TestQuest founded?
TestQuest was founded in 1983 and raised its 1st funding round 19 years after it was founded.
Where is TestQuest located?
TestQuest is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is TestQuest a funded company?
TestQuest is a funded company, having raised a total of $20.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $9M, raised on Jan 02, 2002.
What does TestQuest do?
TestQuest was founded in 1983 in Minneapolis, United States, and focuses on test automation for mobile devices and embedded systems across sectors like enterprise computing, digital entertainment, telecom, militaryaerospace, medical devices, and automation. TestQuest Pro is utilized for testing in these embedded environments, while TestQuest CountDown enables test design, management, execution, and team collaboration for mobile applications. A web-based TestManager component handles test organization, scheduling, execution, and result reporting.
Who are the top competitors of TestQuest?
TestQuest's top competitors include BrowserStack, LambdaTest and Headspin.
Who are TestQuest's investors?
TestQuest has 6 investors. Key investors include Norwest Venture Partners, Bsquare, Gabriel Venture Partners, Needham Capital Partners, and RRE Ventures.
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