Campus and Community

Codacy raises €7 million in funding

Técnico spin-off secured €7 million in a round of funding.

Codacy, providers of a platform that automates and standardizes software quality for enterprises, secured €7 million (about $7.7 million) in a round of funding led by Join Capital, with participation from EQT Ventures, Armilar Venture Partners, Faber Ventures, and Caixa Capital.

The funding will be used to further expand product development and to accelerate commercial initiatives around the world. The startup created by the Técnico alumnus Jaime Jorge and João Caxaria has raised a total $ 14 million in funding.

Codacy has a customer base of more than 450, including Norwegian Cruise Line, Barracuda, PetSmart, Delivery Hero, Angie’s List, Genesys, Toptal, and O.C. Tanner. Codacy platform analyses more than 30 billion lines of code per day.

The startup has recently opened office in the United States and increased its team in order to “keep up with rising demand”.