Kodesage, a Budapest, Hungary-based legacy software modernization startup, has secured €2.3 million in pre-seed funding.
Investors
The round was led by Portfolion Capital Partner, the VC and private equity arm of OTP Group, with notable participation from angel investors, including three former executives of UiPath.
Portfolion Capital Partners is a venture capital and private equity firm that invests in Central and Eastern European (CEE) companies. Based in Budapest, Hungary, the firm manages €440 million across six funds and invests in startups and growth-stage companies across sectors including IT, fintech, cybersecurity, e-commerce, and more.
Kodesage Use of Funds
The company will use the funds to enhance its platform and scale its go-to-market efforts.
About Kodesage
Founded in 2024 by Miklos Szurdi, Gergely Dombi, and Gyorgy Szilagyi, Kodesage provides an AI-powered platform designed to help businesses modernize legacy systems. The platform streamlines the modernization process by offering automated documentation, simplified onboarding, and compliance-friendly solutions. Kodesage supports both on-premise and air-gapped deployments. Its mission is to empower enterprises to enhance their most complex legacy systems.
Funding Details
Company: Kodesage Ltd.
Raised: €2.3M
Round: Pre-Seed
Funding Date: January 2025
Lead Investor: Portfolion Capital Partner
Additional Investor:
Company Website: https://kodesage.ai/
Software Category: AI Legacy Software Modernization
Source: https://www.eu-startups.com/2025/01/kodesage-raises-e2-3-million-to-revolutionise-legacy-software-modernisation-with-ai/