Why We Invested · Accel
Investment thesis
Accel believes world-class tech businesses can be built outside of Silicon Valley.
Whether it’s Atlassian in Sydney, Braintree in Chicago, Squarespace in New York, Qualtrics in Provo, and now BrowserStack in Mumbai, we’ve always believed world class businesses can be built worldwide.
Product
BrowserStack is a web and mobile testing tool enabling teams to test applications across more than a thousand browsers and devices.
Today we’re excited to announce our $50 million Series A investment into BrowserStack, a web and mobile testing tool that allows engineers and teams to quickly and efficiently test their applications across over a thousand browsers and devices.
BrowserStack focuses on simplicity, allowing new customers to start desktop and mobile tests in under 30 minutes.
And while they’ve built a world class product, the focus has remained on simplicity: a new customer can be running desktop and mobile tests on BrowserStack in under a half hour.
Traction
BrowserStack is profitable with tens of thousands of paying customers worldwide.
Though we tried to invest after that first meeting, it wasn’t until today—6 years later as a profitable company with tens of thousands of paying customers worldwide and lots of coffees, international flights, Mumbai summer rainstorms, and meetings with nearly every member of our investment team
BrowserStack has attracted customers ranging from independent freelancers to dev teams at Twitter and Microsoft.
It’s attracted both independent freelancers as well as sophisticated dev teams like those at Twitter and Microsoft.
Team
BrowserStack's founders possess a product-first, customer-centric mindset.
The team exudes the product-first, customer-centric view of the world that reminded our team at Accel of the other great bootstrapped businesses across our portfolio.
Investment context
Accel led a $50 million Series A investment into BrowserStack.
Today we’re excited to announce our $50 million Series A investment into BrowserStack, a web and mobile testing tool that allows engineers and teams to quickly and efficiently test their applications across over a thousand browsers and devices.
What founders can learn
- The traction evidence that carried weight: Accel wrote that BrowserStack is profitable with tens of thousands of paying customers worldwide.
- How the team was judged: Accel wrote that BrowserStack's founders possess a product-first, customer-centric mindset.
Source and provenance
Why We Invested published by Accel on accel.com (first-party source). Read the original
