TypeMock, a semi veteran Israel-based startup, raised a first round from Evolution Venture Capital Fund.
TypeMock has developed unit testing softeware that saves users the need to ‘refactor’ and ‘restructure’ code in order to make it testable, self reported to be at “speed times”.
TypeMock was founded by CTO Eli Lopian in 2004 and officially launched its product in 2006. Some of its clients include big cos like Reuters and Wells Fargo. The main difference I’ve spotted between Typemock and other unit testing software is the openness — It appears that TypeMock has a large community of developers and an active support forum, where as competitors such as SourceForge offer more ‘corporate’ solutions.
According to Globes, Evolution Fund was interested in TypeMock because of its business model, which includes online sales and distribution. TypeMock reported several hundred thousand dollars in US and European sales in 2007.
Evolution Fund is a relatively new player in the Israeli VC arena, currently managing four other protfolio companies: Etherwaves , MusicPump, SpendM, and WhiteSmoke. The fund has $20 million under management and is led by managing partner Ram Vromen. Evolution has made small investments of up to $1.5 million so far and its planning to make four or five more investments next year.Want to give it a ride? A free edition of TypeMock is available for download.
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