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Dec, 15 2018

LambdaTest receives $1 mn funding from Leo Capital in Pre-Series A Round

With this round of funding, Leo Capital becomes a significant minority stakeholder in LambdaTest.

LambdaTest, a cloud-based testing platform, has received a Pre-Series A funding of $1 million from Leo Capital, a venture capital firm. Earlier this year, the company raised angel investment of 400K USD from investors like Ramakant Sharma (Co-founder LivSpace), Lovleen Bhatia (Co-founder Edureka), Kapil Tyagi (Co-founder Edureka), and few angels from the United States. 

With this round of funding, Leo Capital becomes a significant minority stakeholder in LambdaTest.

Asad Khan, Founder of LambdaTest, said, "We're glad with our partnership with Leo Capital and our other investors. This round of funding showcases the confidence that the industry has in us and this will support us to improve our existing products. The investment is also important in order for us to meet the growing demand for new and better products by our present and future customers. Our mission from the start has been to make seamless and easy to use testing platform for web developers, testers and others and this update only validates our efforts."

Rajul Garg, Managing Partner for Leo Capital India Advisors LLP, said, "We believe LambdaTest is poised to be a significant new challenger in this exciting and ever-changing market of cloud testing."

LambdaTest's technology offers cross-browser testing on more than 2000 browsers, OS and resolution combinations.

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