Total amount raised
$25 Millions
Latest funding date
10/01/2020
Location
SmartBear has successfully raised significant funding to support its mission of providing top-tier software testing, monitoring, and developer tools. The platform offers a comprehensive suite of products, including API Hub, Test Hub, and Insight Hub, designed to streamline and enhance the software development lifecycle.
Keep reading to explore the intricacies of SmartBear's fundraising journey and the investors backing this innovative platform.
What Is SmartBear?
SmartBear is a prominent player in the software testing and development tools industry. The company specializes in providing a suite of products designed to enhance software quality through integrated hubs for API development, testing, and monitoring.
With a global presence, SmartBear offers tools such as ReadyAPI, TestComplete, BitBar, LoadNinja, Reflect, QMetry, and Zephyr. The company is committed to seamless integration, world-class support, and community engagement, helping teams deliver high-quality software efficiently and confidently.
How Much Funding Has SmartBear Raised?
- Venture Round
- Amount Raised: -
- Date: June 2007
- Lead Investors: Insight Partners
- Private Equity Round
- Amount Raised: $22.1M
- Date: March 2020
- Lead Investors: -
- Private Equity Round
- Amount Raised: $2.9M
- Date: October 2020
- Lead Investors: Vista Equity Partners
In total, SmartBear has raised $25M in funding.
Key Investors
- Vista Equity Partners
- Details: Vista Equity Partners is a leading global investment firm focused on enterprise software, data, and technology-enabled businesses. They manage equity capital commitments of over $73 billion and have a portfolio of more than 70 companies.
- Investment Focus Areas: Software, data, technology-enabled services
- Notable Investments: Ping Identity, Marketo, Datto
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in high-growth technology and software companies. They have raised more than $30 billion in capital commitments and have invested in over 400 companies worldwide.
- Investment Focus Areas: Software, internet, data services
- Notable Investments: Twitter, Shopify, DocuSign
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