Raue LLP advises US investor Turn/River Capital on a series A financing round of Berlin based crowdtesting start-up Test IO (formerly Testcloud). Turn/River Capital invests 5 million US Dollar to finance further growth: the company plans to enter the US-market and opens an office in San Francisco.
Turn/River Capital, founded and managed by Dominic Ang, is a San Francisco based private equity fund focused on technology companies. Turn/River investments include BookFresh, Sucuri, Reviewsnap und Airbrake.
Test IO, established in 2011, is a crowdtesting platform for companies and developers. Test IO enables more than 20.000 testers around the world testing applications to find bugs or analyze their usability.