TPG increases investment in Sauce Labs

TPG Capital LP increased its investment stake in software developer Sauce Labs Inc.

Financial terms of the investment were not disclosed.

San Francisco-based Sauce Labs offers cloud-based testing for mobile and web applications. The private equity firm made its first investment in the company in 2019.

As part of the transaction, Art Heidrich joined Sauce Labs' board. Heidrich is a member of the technology investment team at TPG.