# Testlio funding: rounds and investors

> Testlio has raised $13M across 3 rounds since 2013. Investors include Techstars, Right Side Capital Management and Vertex Ventures. Every round with its source.

Source: https://millionrounds.com/company/testlio (Millionrounds; every figure on the page links to its filing or article)

United States · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Testlio*

3 rounds we have observed, with the 17 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Developer Tools

Funding summary Updated 26 Oct 2026

**$13M** raised across 3 rounds since 2013, from 3 sources

**$213K** Seed **$1.0M** Seed **$12M** Series B

- **Latest round:** Series B, $12M Oct 2021
- **Step-up i:** 12×
- **Investors:** 17

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2015 2017 2019 2021

**$213K** Seed

**$1.0M** Seed

**$12M** Series B

- **First round:** Seed, $213K
- **Biggest round:** $12M
- **Usual gap between rounds:** 6.5 years

## The rounds

- **Oct 2021** Series B **$12M** *3 new* *1 returning* [Techstars](https://millionrounds.com/fund/techstars) [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) [Altos Ventures](https://millionrounds.com/fund/altos-ventures) Source recorded
- **Mar 2015** Seed **$1.0M** *13 new* *1 returning* [Techstars](https://millionrounds.com/fund/techstars) [Galvanize](https://millionrounds.com/fund/galvanize) [Jason Finger](https://millionrounds.com/fund/jason-finger) [Geekdom Fund I L.P.](https://millionrounds.com/fund/geekdom-fund-i-l-p) [Yee Lee](https://millionrounds.com/fund/yee-lee) [Pat Matthews](https://millionrounds.com/fund/pat-matthews) [Dave Carlson](https://millionrounds.com/fund/dave-carlson) [Lew Moorman](https://millionrounds.com/fund/lew-moorman) [Rob Taylor](https://millionrounds.com/fund/rob-taylor) [Kyle Wild](https://millionrounds.com/fund/kyle-wild) [Carman Chan](https://millionrounds.com/fund/carman-chan) Carmen Chang Don Douglas Ryan Spraetz From a historical funding record
- **Aug 2013** Seed **$213K** *1 new* [Techstars](https://millionrounds.com/fund/techstars) From a historical funding record

## Founders and team

From Testlio's own website: 2 founders, 13 on the team.

**Kristel Kruustük** Founder & Board Director

**Marko Kruustük** Founder

- **Summer Weisberg** CEO
- **Brian Benson** CFO
- **Brad Goldstein** VP, Ecosystem Partnerships
- **Ross Trampler** VP North American Sales
- **Tom Chmielewski** VP, EMEA & Acting VP APAC
- **Carmen Scarpa** Board Director
- **Dave Keil** Board Director
- **Heather Hansson** Senior Director, Product Management
- **Insik Rhee** Board Director
- **Janine Herman** Senior Manager, Business Operations
- **Marcel Wehling** Global Partner Director
- **Martha Samper** Client Impact Director
- **Samantha Marsh** Director, People & Culture

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2013 **Seed** 2015 **Series B** 2021 [Techstars](https://millionrounds.com/fund/techstars) [Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) [Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) [Altos Ventures](https://millionrounds.com/fund/altos-ventures) [Galvanize](https://millionrounds.com/fund/galvanize) [Jason Finger](https://millionrounds.com/fund/jason-finger) [Geekdom Fund I L.P.](https://millionrounds.com/fund/geekdom-fund-i-l-p) [Yee Lee](https://millionrounds.com/fund/yee-lee) [Pat Matthews](https://millionrounds.com/fund/pat-matthews) [Dave Carlson](https://millionrounds.com/fund/dave-carlson)

## Everyone who backed them

[Techstars](https://millionrounds.com/fund/techstars) VC firm **3** rounds

[Right Side Capital Management](https://millionrounds.com/fund/right-side-capital-management) VC firm **1** round

[Vertex Ventures](https://millionrounds.com/fund/vertex-ventures) VC firm **1** round

[Altos Ventures](https://millionrounds.com/fund/altos-ventures) VC firm **1** round

[Galvanize](https://millionrounds.com/fund/galvanize) VC firm **1** round

[Jason Finger](https://millionrounds.com/fund/jason-finger) Angel **1** round

[Geekdom Fund I L.P.](https://millionrounds.com/fund/geekdom-fund-i-l-p) VC firm **1** round

[Yee Lee](https://millionrounds.com/fund/yee-lee) Angel **1** round

[Pat Matthews](https://millionrounds.com/fund/pat-matthews) Angel **1** round

[Dave Carlson](https://millionrounds.com/fund/dave-carlson) Angel **1** round

[Lew Moorman](https://millionrounds.com/fund/lew-moorman) Angel **1** round

[Rob Taylor](https://millionrounds.com/fund/rob-taylor) Angel **1** round

[Kyle Wild](https://millionrounds.com/fund/kyle-wild) Angel **1** round

[Carman Chan](https://millionrounds.com/fund/carman-chan) Angel **1** round

Carmen Chang no record of our own yet **1** round

Don Douglas no record of our own yet **1** round

Ryan Spraetz no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=testlio).

## Also claim to have backed them

These 2 firms list Testlio as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Geekdom Fund](https://millionrounds.com/fund/geekdom-fund) VC firm Per its own site

[Spring Lake Equity Partners](https://millionrounds.com/fund/spring-lake-equity-partners) Private equity Per its own site

## Quick answers about Testlio

### Who invested in Testlio?

Testlio's investors include Techstars, Right Side Capital Management, Vertex Ventures, Altos Ventures and Galvanize, and 12 more on record.

### How much has Testlio raised?

Testlio has raised $13M across 3 rounds since 2013.

### When did Testlio last raise?

Testlio's most recent round was a Series B of $12M in Oct 2021.

### What was Testlio's biggest round?

Its most recent round, $12M in Oct 2021, is also its largest on record.

### Who backed Testlio first?

Testlio's first round on record, in Aug 2013, was backed by Techstars.

### What stage is Testlio at?

Testlio's latest named round is a Series B, in Oct 2021.

### Where is Testlio based?

Testlio is based in the United States.

## Companies like Testlio

In the same sector, and raised in the last eighteen months.

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