# Codacy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/codacy-s-a

- Industry: Software
- Headquarters: Lisbon, Portugal
- Website: www.codacy.com
- Total disclosed funding: $22M
- Latest round: Series B (Sep 22, 2022)
- Investors on record: 8

## About

Codacy, S.A. is a software development company focused on automating code quality analysis and enhancing development workflows. Their tools improve productivity for software teams across various industries.Codacy, S.A. was founded in 2012 in Lisbon, Portugal. The company specializes in software development tools aimed at improving code quality and efficiency. Jaime Jorge, the CEO and founder, has a background in technology entrepreneurship. Since its inception, Codacy has secured a total of EUR 15.5 million in funding over several rounds, with the most recent being a Series B round led by Bright Pixel on September 22, 2022, which included participation from various other investors. This funding round marks a significant milestone as it represents the total amount raised to date.Codacy specializes in providing a comprehensive suite of software development and code quality analysis tools that enhance the efficiency of development processes. Its core offerings encompass automated code reviews, continuous integration, and metrics reporting, which assist developers in identifying potential issues, maintaining coding standards, and optimizing performance. Designed for diverse programming languages and frameworks, Codacy caters to software engineering teams in organizations ranging from startups to large enterprises, serving customers in North America, Europe, and parts of Asia.Codacy generates revenue through a subscription-based model, enabling clients to access its products and services over defined billing periods. Customers can choose from various pricing plans tailored to different needs, including options for individual developers and larger organizations. The revenue model is structured around direct sales to businesses, with clients subscribing to either annual or monthly plans based on their user count and feature requirements. This model positions Codacy as an essential provider in the software development ecosystem.Following the Series B funding round concluded on September 22, 2022, where Codacy raised EUR 15.5 million, the company plans to use the investment for product innovation and development. Codacy is focusing on expanding its presence in the US market and aims to hire additional senior talent for its engineering, support, and success teams, as well as its sales and marketing teams across Europe.

## Funding rounds

- Series B, Sep 22, 2022, $15M — Armilar Venture Partners, Caixa Capital Risc, Faber Ventures, Join Capital, Bright Pixel, Iberis Capital
- Series A, Jul 6, 2017, $5.1M — EQT, Seedcamp, Caixa Capital Risc, Faber Ventures, Join Capital
- Seed, Oct 16, 2015, $1.1M — Armilar Venture Partners, Caixa Capital Risc, Faber Ventures, Join Capital
- Seed, Nov 20, 2013, $0.5M — Armilar Venture Partners, Seedcamp, Faber Ventures

## Investors

- Armilar Venture Partners (https://capitalatlas.ai/funds/armilar-venture-partners) — Seed, Series B
- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed, Series A
- Faber Ventures (https://capitalatlas.ai/funds/faber-ventures) — Seed, Series A, Series B
- Caixa Capital Risc — Seed, Series A, Series B
- Join Capital — Seed, Series A, Series B
- EQT (https://capitalatlas.ai/funds/eqt) — Series A
- Bright Pixel (https://capitalatlas.ai/funds/bright-pixel) — Series B
- Iberis Capital (https://capitalatlas.ai/funds/iberis-capital) — Series B