Kodesage raises $6.6m in a seed round led by VentureFriends to expand its on-premise enterprise software modernisation platform.
VentureFriends led the seed round with participation from Portfolion, Christian Szegedy, and Mario Götze.
Kodesage helps heavily regulated enterprises modernise legacy software securely on-premise without exposing sensitive code to public cloud AI tools.
Kodesage has secured $6.6m in a seed round led by VentureFriends, with continued backing from pre-seed investor Portfolion. The raise also attracted participation from angel investors including xAI co-founder Christian Szegedy and professional footballer Mario Götze through his investment vehicle Companion M.
The London and Budapest-based startup will deploy the fresh capital to accelerate its go-to-market strategy across the US and Europe. Funds will also support ongoing engineering and product development to advance its vision of self-healing enterprise applications.
Founded in 2024, Kodesage addresses the complex challenge of maintaining undocumented, decades-old software systems in regulated sectors such as banking. Its platform operates entirely within secure, air-gapped or on-premise environments to extract hidden business logic and generate a living knowledge layer for safer modernisation.
From the founder
"Software modernisation is rarely clean cut. In regulated environments, legacy and new systems often coexist for years, whilst the support burden grows as institutional knowledge thins out. This is a multi-trillion-dollar drag on enterprise IT. Kodesage’s living knowledge layer helps teams modernise legacy systems faster, resolve incidents and reduce repeat issues through powerful AI-assisted support."
Gergely Dombi
co-founder and CEO at Kodesage
Investor perspective
"There are numerous enterprises globally struggling to maintain and upgrade legacy software systems that reside on-premise. Starting with Oracle applications, Kodesage can help companies understand, maintain, and modernise complex, undocumented legacy codebases. As a result, they save them time and cost while cutting their dependence on retiring experts. Gergely, Gyorgy and Miklos have deep experience in the space, and we couldn’t be more excited to back them in their journey."
Apostolos Apostolakis
Founding Partner, VentureFriends
Use of funds
- 01Expand into international markets
- 02Accelerate go-to-market
- 03Fund research and development
- 04Continue product development