ICT specialized Korean startup Testworks receives one billion won investment

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Korean startup TESTWORKS, an ICT special corporate of software testing, education and consulting, recently announced that it has got about $8.8 million or one billion won worth of investment from D3 Jubilee Partners, the ICT-specialised impact investment company.

Providing jobs for all

TESTWORKS was established in 2015 by CEO Yoon Seok-won, a former test expert at Microsoft and Samsung Electronics. The company believes in inclusive employment providing jobs to various classes – independent disabled, hearing-impaired, career-breakers and young people. TESTWORKS also provides the following:

  1.   Step-by-step test consulting optimized for the development process.
  2.  Development of web environmental standards on compatibility and usability.
  3.   R&D on testing automation models using open source tools; and
  4.  Lectures on a variety of training courses in SW Testing and Quality.

TESTWORKS is now emerging as a leading social venture and social enterprise in ICT based on the expertise of expert engineering groups, automation solutions and quality services of skilled testers.

Growing to become a global social venture

“TESTWORKS is a company that creates sustainable growth models at the intersection of digital technologies and social impact that fit our mission,” said Yoon Hoon-sup, general partner of D3 Jubilee Partners. “Not only will it provide jobs to various classes such as disabled and career women, but it will also become a leading company in the era of 4th industry where software and data are important.”

“This investment provides conditions for aggressive development of projects in areas with high value added, such as test automation solutions and artificial intelligence data platforms,” said CEO Yoon Seok-won of TESTWORKS. “In the 4th industrial era, we will establish a win-win business model that allows various classes to work based on strengths and grow into a global social venture.”

D3 Jubilee Partners has been investing in South Korea and the US since 2011. It has been registered as a small and medium-sized business investment company in 2018 and has been selected as one of the first impact account management companies of the parent fund.

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