And now, with albeit significantly less fanfare, Apica, the load-testing and performance-monitoring solution for cloud and mobile apps, announced that it has closed a $2 million series B round. Less glamorous than rock music, but fundmental to web and mobile operating procedures, to be sure.
The round was led by Swedish venture firm Industrifonden, with participation from ALMI Invest and existing investor, KTH Chalmers Capital. The startup raised $1.3 million back in August of 2010, and has raised approximately $4.4 million to date.
Each of the participating investors are Swedish firms that are duly excited about Apica’s expansion into the U.S. market, as the startup will use the round to finish its move into its new U.S. headquarters in Palo Alto. That being said, Apica will have some competition from Silicon Valley-based SOASTA, which has raised $20.7 million for its cloud-based testing solutions, as well as from Keynote Systems, a veteran of the mobile and web apps performance monitoring space. More
