UserTesting Receives £3.2 Million Grant From Scottish Enterprise

▤ Summary

We will now be taking that to the next level as we further our European ambitions.” Scottish Enterprise Interim CEO, Linda Hanna, said: “This is an important investment by an international company at a crucial time for Scotland’s economy. The tech sector is a major employer in Scotland, particularly in our cities, and we’re confident it will play a vital role in aiding the country’s economic recovery.” “Having provided UserTesting with advisory services as it established its European headquarters in Edinburgh last year, supporting it financially underlines our commitment to helping the company grow its Scottish operations, firmly cementing its position as a vital R&D centre and creator of high-value, quality jobs.” “Scotland has proved to be a gateway to greater European sales for the company already and we believe this project will spur UserTesting on to further success.” Scottish Minister for Trade, Investment and Innovation, Ivan McKee, said: “In our recently published Inward Investment Plan we set out a more focused approach to attracting inward investors. The plan highlights our emphasis on digital and this UserTesting grant will help to support our ambition of creating high-value jobs and contribute to the wider growth of the technology sector.” “Scotland faces significant challenges as a result of the coronavirus crisis, and tech companies, with their focus on innovation and growth potential, have a critical role to play in our economic recovery.” With access to more technical talent in Edinburgh, UserTesting plans to ramp up its product development operation, bringing internationalised solutions to market faster, and supporting the needs of its growing European customer base, which includes brands such as ASOS, Deliveroo, HelloFresh, and Skyscanner. In addition to recruitment, the new funding will help to level up UserTesting’s core products, improve the customer experience for test participants, and leverage data and machine learning to deliver more efficient and effective tools and processes. In the last quarter, UserTesting announced that its European customer base had grown by 400 percent in the first year of operation, while the global business surpassed the $100 million ARR milestone.

$ Funding

▦ Linked Companies

UserTesting

$100M to $250M