App-tester Perfecto Mobile Raises $20 Million

The company, led by Israeli Eran Yaniv, said it will finance growth, enter new markets and add 20 to 30 new employees.

Inbal Orpaz
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Perfecto Mobile founder and CEO Eran Yaniv.Credit: Gidi Pridor
Inbal Orpaz

Perfecto Mobile, which enables companies to test new mobile applications before they launch them, said Wednesday that it raised $20 million in a financing round led by FTV Capital.

The Massachusetts-based company, led by Israeli CEO and founder Eran Yaniv, also raised capital from existing investors Carmel, Vertex and Globespan Capital Partners.

The company said the new capital would be used to finance growth and enter new markets. It will add 20 to 30 new employees to its existing staff of 140.

“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,” said Yaniv.

More than 2,000 companies use Perfecto’s app testing and monitoring services, including major banks and insurers, retailers and high-tech companies.

Perfecto said its annual revenue has grown by more than 100% a year for the past four years to more than $30 million.

The company was formed in 2006 by Yaniv, together with Chief Technology Officer Yoram Mizrahi and Jackie Allal, who has since left. About half its employees work in its Israeli research and development center.

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