About Eficode
Eficode is a company based in Helsinki (Finland) founded in 2005 was acquired by Investcorp in December 2022. It operates as a AI-as-a-Service, Professional Services, and Managed Services. Eficode has raised $7.4 million across 1 funding round from investors including Bocap and Investcorp. Eficode has completed 8 acquisitions, including Avoset, Beecom and Clearvision. Eficode offers products and services including AI-led Software Development, DevOps Services, Platform Engineering, and Service Management. Eficode operates in a competitive market with competitors including UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others.
- Headquarter Helsinki, Finland
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Eficode
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.4 M (USD)
in 1 rounds
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Latest Funding Round
$7.4 M (USD), Private Equity Round
Apr 11, 2018
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Investors
Bocap
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Avoset
& 7 more
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Acquired by
Investcorp
(Dec 20, 2022)
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Products & Services of Eficode
Eficode offers a comprehensive portfolio of products and services, including AI-led Software Development, DevOps Services, Platform Engineering, and Service Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-driven solutions are provided for software development enhancement.
DevOps practices are supported through tailored consulting services.
Developer experience is boosted with platform engineering services.
IT service management solutions are offered for efficiency.
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Funding Insights of Eficode
Eficode has successfully raised a total of $7.4M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $7.4 million completed in April 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Private Equity Round — $7.4M
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First Round
First Round
(11 Apr 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Private Equity Round - Eficode | Valuation | Bocap |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Eficode
Eficode has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Bocap and Investcorp. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Bocap is engaged in private equity investments in Finnish SMEs.
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Founded Year | Domain | Location | |
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Private equity, real estate, and credit investments are managed globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Eficode
Eficode has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Avoset, Beecom and Clearvision. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of cloud consulting services
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2019 | ||||
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Software development, DevOps, and cloud services are provided globally.
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2013 | ||||
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IT software consulting services are provided in Helsinki, Finland.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Eficode
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Eficode Comparisons
Competitors of Eficode
Eficode operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UST, Genpact, 1&1 IONOS, Happiest Minds and NTT DATA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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| domain | founded_year | HQ Location |
IT outsourcing services are delivered across multiple business lines.
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Multi-access edge networking computing platform is provided for mobile services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Eficode
Frequently Asked Questions about Eficode
When was Eficode founded?
Eficode was founded in 2005 and raised its 1st funding round 13 years after it was founded.
Where is Eficode located?
Eficode is headquartered in Helsinki, Finland.
Who is the current CEO of Eficode?
Risto Virkkala is the current CEO of Eficode.
Is Eficode a funded company?
Eficode is a funded company, having raised a total of $7.4M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $7.4M, raised on Apr 11, 2018.
What does Eficode do?
Eficode is involved in transforming organizations into AI-led software entities through comprehensive services. Expertise is offered in DevOps, platform engineering, and service management across sectors like finance, manufacturing, telecommunications, public sector, and defense. Solutions are provided for software development lifecycle enhancement, cloud migration, and IT support automation. Partnerships with leading technology vendors such as Atlassian, GitHub, GitLab, AWS, and Azure are maintained to deliver tailored consulting and managed services. Client success is demonstrated through significant cost savings and efficiency improvements in various industries.
Who are the top competitors of Eficode?
Eficode's top competitors include Happiest Minds, Mavenir and GirnarSOFT.
What products or services does Eficode offer?
Eficode offers AI-led Software Development, DevOps Services, Platform Engineering, and Service Management.
How many acquisitions has Eficode made?
Eficode has made 8 acquisitions, including Avoset, Beecom, and Clearvision.
Who are Eficode's investors?
Eficode has 2 investors. Key investors include Bocap, and Investcorp.
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