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Investments

20

Portfolio Exits

6

About Leo Capital Holdings

Leo Capital Holdings, LLC is a Chicago-based private equity company focused on early stage investments in wireless, telecommunications, semiconductors and the Internet. Portfolio companies include 422 Inc., Epiworks, FunMail, and NetNearU Corp.

Leo Capital Holdings Headquarter Location

1101 Skokie Boulevard

Northbrook, Illinois, 60062-4128,

United States

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Latest Leo Capital Holdings News

Test Orchestration Platform Company LambdaTest Raises $45 Million

Apr 9, 2022

LambdaTest recently announced it closed $45 million in a venture round led by Premji Invest. These are the details. LambdaTest – a leading end-to-end cloud-based test orchestration platform – announced it has closed a total of $45 million in a venture round led by Premji Invest with participation from existing investors Sequoia Capital India, Telstra Ventures, Blume Ventures, and Leo Capital. And Sandeep Johri, ex-CEO and present board member of Tricentis, has also angel invested in this round. LambdaTest is on a mission to push the boundaries of execution speed, performance, and reliability of test execution. The capital will be used primarily for new product innovation. And part of the funding will be used to enhance the existing product capabilities and accelerate growth. The company is also looking to hire across multiple roles and geographies. LambdaTest’s core test execution platform enables users to test their websites and apps on more than 3,000 different combinations of browsers, operating systems, and their many versions, and also real devices. And testing of digital assets is important for businesses as they have little to no control over the preferences of their customers when it comes to phones, browsers, or operating systems. So to provide a seamless customer experience businesses have to be on top of their testing game. Launched in 2017, LambdaTest had earlier raised close to $25 million in funding from investment firms such as Sequoia Capital India, Telstra Ventures, Leo Capital Holdings, Blume Ventures, and others. LambdaTest’s platform is used by more than 1 million developers and testers globally. And the company has run over 100 million tests since its inception and has grown its business by 300% in the last year. With the company’s offerings, its customers were able to achieve 95% quicker time-to-market, increase their release productivity by 62% and identify 67% of issues prior to launch. KEY QUOTES: “We are razor focussed on making the lives of developers and QA teams easier when it comes to test orchestration and execution. Over the past few months, we’ve released HyperExecute, a next-gen smart test orchestration platform to help businesses run end-to-end automation tests at the fastest speed possible. We will soon be launching our test intelligence platform Test-at-Scale (TAS). It is already in beta. We are also continuously enhancing our core execution platform’s capabilities. This funding round will enable us to keep innovating and accelerating growth. We are on a mission to build the best test execution platform for the developers and testers community.” — Asad Khan, chief executive officer, LambdaTest “LambdaTest is helping businesses orchestrate their test execution by providing them cost-effective and scalable solutions while giving them improved control over their existing infrastructure without the need to add more to it. They are pushing the boundaries of speed, reliability and performance of test execution. We are happy to partner with this super ambitious LambdaTest team that is looking to change the face of test execution.”  — Atul Gupta, Partner, Premji Invest

Leo Capital Holdings Investments

20 Investments

Leo Capital Holdings has made 20 investments. Their latest investment was in Dusenberry Martin Racing as part of their Private Equity on March 3, 2016.

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Leo Capital Holdings Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/10/2016

Private Equity

Dusenberry Martin Racing

$8M

Yes

1

9/10/2012

Series B

Statsify

$5M

Yes

1

2/24/2011

Series A

Media Chaperone

$1.9M

Yes

12/6/2010

Series B

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$99M

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0

1/21/2010

Series A

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$99M

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0

Date

3/10/2016

9/10/2012

2/24/2011

12/6/2010

1/21/2010

Round

Private Equity

Series B

Series A

Series B

Series A

Company

Dusenberry Martin Racing

Statsify

Media Chaperone

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Amount

$8M

$5M

$1.9M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

0

0

Leo Capital Holdings Portfolio Exits

6 Portfolio Exits

Leo Capital Holdings has 6 portfolio exits. Their latest portfolio exit was Shoutlet on August 19, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/19/2015

Acquired

$99M

1

6/9/2014

Acquired

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$99M

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10

4/4/2014

IPO

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$99M

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10

5/20/2008

Acquired

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$99M

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10

2/9/2007

Acquired

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$99M

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0

Date

8/19/2015

6/9/2014

4/4/2014

5/20/2008

2/9/2007

Exit

Acquired

Acquired

IPO

Acquired

Acquired

Companies

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Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

0

Leo Capital Holdings Team

1 Team Member

Leo Capital Holdings has 1 team member, including current Founder, Arnie Rissman.

Name

Work History

Title

Status

Arnie Rissman

Founder

Current

Name

Arnie Rissman

Work History

Title

Founder

Status

Current

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