# Codavel

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

- Industry: Software
- Headquarters: Porto, Portugal
- Website: www.codavel.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Oct 1, 2021)
- Investors on record: 6

## About

Codavel, S.A. is a technology company that focuses on innovative mobile content delivery solutions, enhancing app performance through advanced protocols designed for optimal user experiences.Founded by Diogo Ferreira, Paulo Oliveira, and Rui Costa, Codavel, S.A. specializes in mobile content delivery solutions. The company is headquartered in Porto, Portugal. In October 2021, Codavel raised EUR 900 thousand in SEED funding, with Lunar Ventures leading the round alongside Acequia Capital and individual investors, bringing its total amount raised to EUR 900 thousand.Codavel specializes in mobile content delivery solutions, with its flagship product being the Bolina protocol. Bolina enhances mobile app performance by addressing unstable network conditions, ensuring fast and uninterrupted content delivery. The protocol minimizes video startup times, reduces buffering, and improves overall video quality, enhancing user engagement across various applications, including video streaming, e-commerce, and social media. Codavel targets a diverse client base that includes app developers, advertisers, and e-commerce platforms, operating primarily in North America, Europe, and Asia.Codavel generates revenue through partnerships and subscriptions tied to its content delivery solutions. Clients, primarily mobile app developers and businesses, subscribe to various tiers of services based on their content delivery needs, including direct agreements for access to the Bolina protocol. The pricing model is tailored to accommodate both start-up applications and established enterprises seeking to optimize mobile content delivery.Codavel plans to utilize its recent SEED funding of EUR 900 thousand to enhance the Bolina protocol and expand its market reach. The company is designing upcoming features aimed at improving user engagement and is targeting expansion into North America and Europe by the end of 2022. The funding will support the development of these new features and facilitate entry into new geographical regions.

## Funding rounds

- Seed, Oct 1, 2021, $1M — Acequia Capital, Lunar Ventures
- Seed, Mar 5, 2020, $1.4M — Portugal Ventures, Armilar Venture Partners, PME Investimentos, Ideias Glaciares

## Investors

- Portugal Ventures (https://capitalatlas.ai/funds/portugal-ventures) — Seed
- Armilar Venture Partners (https://capitalatlas.ai/funds/armilar-venture-partners) — Seed
- PME Investimentos (https://capitalatlas.ai/funds/pme-investimentos) — Seed
- Ideias Glaciares (https://capitalatlas.ai/funds/ideias-glaciares) — Seed
- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- Lunar Ventures (https://capitalatlas.ai/funds/lunar-ventures) — Seed