Vista Equity Partners’ Endeavor Fund leads investment to expand global operations and accelerate development of solutions to adjacent Quality Engineering challenges
mabl (the “Company”), the enterprise SaaS leader of intelligent test automation for quality engineering, today announced $40 million in Series C funding. The round was led by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, with participation from existing investors including Amplify Partners, GV, Presidio Ventures, and CRV.
mabl’s low-code test automation solution enables software teams to dramatically reduce the effort to create, run, and manage reliable end-to-end user interface and API tests in a unified platform, resulting in faster delivery of high quality, business critical applications.
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“mabl is fundamentally changing the way teams build and ship software,” said co-founder, Dan Belcher. “With intelligent low-code testing, all team members can finally contribute to test automation that provides fast, actionable insight into how their work impacts the customer experience when it comes to product quality.”
The investment in mabl is made by Vista’s Endeavor Fund, which is focused on mission-critical, high-growth enterprise software, data, and technology-enabled businesses seeking to expand their impact in the markets they serve. Endeavor partners with companies and their management teams, providing the capital, expertise, and support to build an operational foundation for sustainable growth while accelerating market leadership. After more than doubling global ARR in the last year, this funding round caps off a breakout 2021 for mabl and brings mabl’s total raised to date to $77 million. Shivan Patel, Senior Vice President at Vista, will join mabl’s Board of Directors.
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“Dan, Izzy and the entire mabl team are leading the transformation of test automation in the modern software development process. We are impressed by their market leading SaaS-native platform that empowers its end users to save significant time on test creation and maintenance, and broaden overall coverage through automation,” said Rachel Arnold, Co-Head of Vista’s Endeavor Fund and Senior Managing Director. “Companies across industries are rolling out new products faster than ever, and their development teams need to feel confident they can run tests more quickly and efficiently without sacrificing quality or user experience. With Vista’s investment and partnership, we hope to accelerate mabl’s vision, support its continued upward trajectory, and further enable its customers to build the tools they need to compete in a digital world.”
