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FTV Capital leads $20m round for mobile testing company Perfecto

7 May 2014

mobile phone4FTV Capital has made its first investment in automated mobile testing business Perfecto Mobile by leading a $20m financing round.

Existing backers Carmel, Vertex and Globespan Capital Partners also took part in the round, which Perfect said it plans to use to fuel continued record growth.

FTV partner Liron Gitig, who has become a Perfecto board member, said, “Perfecto Mobile’s strong leadership and executive vision coupled with its innovative technology has enabled it to become the de facto leader in the growing $9bn mobile app quality market.

“Many of the world’s leading financial institutions in FTV’s Global Partner Network validated the immense pain point that mobile application quality has become and confirmed the significance of Perfecto Mobile’s solution and leadership position.

“We are excited to partner with Perfecto Mobile in this next phase of development and growth.”

Perfecto CEO Eran Yaniv added, “The mobile app market is booming as consumers and enterprise employees depend on high-quality, transactional mobile apps to optimize business performance, increase productivity and better their lives.

“First impressions are critical for the success of these apps and companies are focusing on quality from the beginning to ensure a great user experience.”

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