Flow Partners advises Elevator Fund on the valuation of Testim

Providing confidential valuation of Testim, an AI-based software testing automation platform for application testing.

Tel Aviv, Israel / Sunnyvale, CA, US — 27 January 2021

Flow Partners acted as a financial advisor to a leading Israeli early-stage venture capital investor Elevator Fund on a portfolio valuation and strategic review of Testim, an AI-based software platform uses AI that leverages machine learning for the authoring, execution and maintenance of automated test cases.

Overview

Elevator Fund required an actionable valuation advice for Testim in order to accurately balance and keep pulse on their venture portfolio.

We have provided an independent valuation opinion that included deep dive into software testing solutions, comparable environment analysis, company growth profile assessment vs. market, portfolio impact, operational benchmarking, green/red flag analysis and more.

This transaction highlights our strong track record in software and software testing space, having also advised and valued companies like Brew (generative AI), Panorays (cybersecurity software), sevDesk (accounting software), Sentryc (brand protection software) or Ziik (social intranet software platform).

About Testim

Founded in 2014, Testim is a developer of a testing automation platform designed to offer application testing integrative to the agile development cycle. The company's platform uses machine learning (ML) to undertake the authoring, execution and maintenance of automated tests and analyzes hundreds of attributes in real-time to identify each element, enabling developers to eliminate the need to continually maintain tests with every code change.

About Elevator Fund

Elevator Fund invests in exceptional early-stage startups globally. Elevator leads and syndicates seed rounds, investing between $250K-$1M in innovative companies located in Israel, Europe and the US. Elevator invests in areas of fintech, new media, digital health and other emerging fields.

About Flow Partners

Flow Partners is a modern advisory firm providing independent corporate finance advice to companies and investors that shape the global digital ecosystem. Flow was founded in 2020 and operates globally with presence in London, Berlin, Warsaw and Miami.

For more information, please visit www.flowpartners.io

Enquiries

For all enquiries please contact the team at [email protected]

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