TLDR:
- Early Game Ventures (EGV) announced the sale of CODA Intelligence, a Romanian cybersecurity startup, to global supplier PDQ.
- CODA Intelligence received investments in 2020 from EGV, Roca X, and angel investor Marius Alexe, totaling EUR 0.8 million.
Early Game Ventures (EGV), a prominent venture capital manager in Romania, recently sold CODA Intelligence, a Romanian provider of next-generation automated cybersecurity solutions, to global supplier PDQ. CODA Intelligence, founded in 2016 in Bucharest and headquartered in Boston, specializes in providing state-of-the-art cybersecurity solutions, with a focus on SMEs. The company received investments from EGV, Roca X, and angel investor Marius Alexe in a Seed Funding Round in 2020, with Stratulat Albulescu (SAA) serving as legal advisor.
PDQ, the global supplier that acquired CODA Intelligence, is a leader in the software and IT asset management industry, providing solutions for managing and organizing software and hardware assets for IT professionals of all sizes. Founded in 2001 and based in South Salt Lake, Utah, PDQ is known for its expertise in configuring devices with Windows or Apple operating systems.
EGV, funded through the Competitiveness Operational Program 2014-2020 and co-financed by the European Regional Development Fund, also recently received approval to launch its second fund, Early Game Ventures II (EGV II). This new fund will focus on active investments in the near future, building on the success of its initial investments, including the sale of CODA Intelligence to PDQ.
