EQT Ventures leads Codacy’s series A financing

The Lisbon-based automated code review platform, Codacy, today announces the completion of its latest funding round of $5.1 million. Lead investor in the A round was EQT Ventures, along with existing investors, Faber, Caixa Capital and Seedcamp.

Since 2014, Codacy has been used by hundreds of companies who are dedicated to creating the highest quality software and services, including Deliveroo and Cancer Research UK. Codacy is a platform that can be used either on-premise or in the cloud by developers to check the quality of their code, implement code quality standards, and deploy better code, faster

“When we set out to build Codacy, we wanted to create tools for other likeminded developers. We’ve been overwhelmed with the response we’ve had from our customers. It’s been wonderful to work with and help companies who take enormous pride in their code and are always striving to create the highest quality software and services. Codacy helps these developers to focus on the code they need to ship, quickly, while we make it easy for them to retain quality control. This round will help us to further build our team so we can continue to expand our offering to a broader base of customers while still focusing on providing the best in class platform our customers are accustomed to,” said Jaime Jorge, co-founder and CEO of Codacy.

“We were so impressed by Jaime, João and the whole team. What they’ve managed to build so far, and the customers already using Codacy are very impressive. We knew very quickly that the team at Codacy was a team that we wanted to back. In a world where software development continues to grow at pace, and the pressure is on for developers to ship code - fast - Codacy is the perfect platform to help companies make significant efficiency gains. We can’t wait to work with the team,” said Tom Mendoza, Venture Lead and investment advisor to EQT Ventures, who will join the Board of Codacy.

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