Codemotion closes a record investment round for 1,5M Euros
Barcamper Ventures, Invitalia Ventures and LVenture Group have invested 1.5 Million Euro in the company founded in 2013 by Chiara Russo and Mara Marzocchi.
“We are extremely happy to have closed this round of investment which will allow us to grow and consolidate the presence of Codemotion overseas in a quick and strategic manner – said Chiara Russo CEO and Co-Founder of Codemotion. – Mara and I started out four years ago with a clear vision and our passion for technology in our hearts. Now, thanks to a team in continuous growth and with the entry of new partners, we can meet more ambitious objectives, diversifying our offer for companies and developers, that are and remain for us a fundamental value”.
The capital increase aims to strengthen the vast community of developers around the company, consolidate the already started international growth path and broaden its offer. For the Barcamper Ventures fund that guided the capital increase, Gianluca Dettori will enter onto the company’s Board of Directors.
“The role of software competencies is central to generating growth and competitiveness in the IT market, a global market of around 625 Billion dollars a year. But, more in general it is crucial today for major competitiveness in any company – declares Gianluca Dettori, Partner at Barcamper Ventures & Executive Chairman of Primomiglio SGR – We believe that Codemotion is building an ecosystem and an offer able to bridge the skill gap in this field and the growing demand of software developing companies that are competent, prepared and always up to date with new technologies.”
Offering to the professionalism of the world of IT, quality technological content through the conferences, the activities of specialised training, of open innovation and hackathons, Codemotion has become a reference point for software developers, building a valid offer in the field of Edutech, a market in strong growth that is expected to reach 252 Billion Dollars by 2020.
The role of Codemotion becomes also particularly significant considering that monitoring reports in the jobs market highlight things like, by 2020, in Europe we will witness a skill gap made up of 756 thousand vacant job openings exactly in the professions tied to the world of IT and software development.
“We are very satisfied with this investment we rely on a startup that aims to become the reference point for all the developer communities worldwide affirms – Salvo Mizzi, CEO of Invitalia Ventures – Codemotion has developed products and services that combine high tech kit with social value, as it is a real aggregator of the most requested competencies on the market, not to forget the business scalability. Our investment is also a great endorsement for women entrepreneurship, with Codemotion being, for 80%, composed of women.
Today the company is a strategic partner of the biggest international players in the sector like Cisco, IBM, Google, Microsoft, Intel, Red Hat and Oracle to whom they offer the possibility to be connected to an international network of 570,000 developers and over 500 prominent representatives of the European tech community.
In 2013 they launched Codemotion Kids! the special project to train the younger generations in the skills of the future such as robotics, electronics and programming software. Codemotion Kids!, with its 8 venues, is the largest technology school in Italy for kids from 8 to 18 years old, structured on an innovative didactic path based on Creative Learning.
Codemotion has become a reference point for the software developers and IT companies in EMEA, where it is present with its activities in seven countries: Italy, Spain, Holland, Germany, Poland, Israel and the United Arab Emirates.
“We are very proud of this important operation. Codemotion is a reality born and raised together with us at LVenture Group and in which we believed right from the start. Time has given us confirmation of the great value of this company and the investment closed today is the renewed demonstration of the trust that we have in their work” concluded Luigi Capello, CEO of LVenture Group and LUISS ENLABS