What code & co. does

Code & Co. is an independent AI & Technology Due Diligence advisory firm founded in 2016 in Berlin, Germany by Dan Bender and Lukas Ingelheim. The firm provides private equity and growth equity investors with specialized diligence services covering AI, technology, product, cybersecurity, and IT across the full investment lifecycle — platform investments, add-ons, buy-and-build programs, exits, and ongoing portfolio monitoring. Service lines include Platform Due Diligence, Add-on Due Diligence, Exit & Vendor Due Diligence, Lightning DD (rapid pre-qualification), Cyber & IT Due Diligence, AI Future Readiness assessments, and Portfolio Monitoring & Continuous Diligence. The firm also performs sell-side and vendor-side diligence for strategic acquirers and portfolio companies.

Name

code & co.

Legal name

Code & Co. GmbH

Website

https://codeandco.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Code & Co. is a Berlin-based, founder-owned AI & Technology Due Diligence advisory firm founded in 2016, serving private equity and growth investors globally. Operating from Berlin, London, Paris, and New York with 11–50 employees, the firm has completed 800+ tech and AI deals for 200+ funds since inception.

Ownership category

akta.pro rank

Product category

Technology Due Diligence Advisory

NAICS

Other Scientific and Technical Consulting Services (54169), Custom Computer Programming Services (541511)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

Customer Experience (CX) & Digital Experience (BPAHAEAC)

Keywords

• Technology due diligence
• AI due diligence
• Private equity advisory
• Investment due diligence
• Technology consulting

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Due Diligence Advisory Services: Professional services revenue generated from providing AI & Tech Due Diligence to private equity and growth investors. Services delivered across buy-side, sell-side, and vendor mandates with project-based engagement model.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Code & Co. is an independent advisory firm delivering AI and Tech Due Diligence services to private equity, growth equity, and corporate acquirers globally. Offerings include Platform DD, Add-on DD, Exit & Vendor DD, Lightning DD (rapid pre-qualification), Cyber & IT DD, AI Future Readiness, and Portfolio Monitoring engagements. Service delivery is powered by a proprietary AI and software platform and a proven in-house framework.

Product overview

Code & Co. is an AI & Technology Due Diligence advisory firm, not a software product company. Their offering consists of consulting services centered around a proprietary AI and software platform that supports their due diligence methodology. The services include Platform Due Diligence (comprehensive tech/product assessment for platform investments), Add-on Due Diligence (technical fit and PMI assessments for buy-and-build strategies), Exit & Vendor Due Diligence (exit readiness and vendor DD assessments), Lightning DD (rapid pre-qualification), Cyber & IT Due Diligence (security posture and IT risk review), AI Future Readiness (AI strategy and architecture assessment), and Portfolio Monitoring & Continuous Diligence (ongoing portfolio technology tracking). Their proprietary software suite, while referenced as powering their service delivery and enabling fast turnaround, is not marketed as a standalone product and does not appear to have a distinct product name or public-facing interface.

Differentiator

Problem solved

Functional benefit

Products and services

• Platform Due Diligence Comprehensive tech and product assessment for platform investments, supporting private equity and growth investors evaluating new platform acquisitions.
• Add-on Due Diligence Technical fit and post-merger integration assessments for buy-and-build and add-on investment strategies.
• Exit & Vendor Due Diligence Exit readiness assessments and vendor due diligence materials prepared for sellers and their corporate advisors.
• Lightning DD Rapid pre-qualification delivering a sharp first point of view via document analysis, deep research, and web signal intelligence before significant time or capital is committed.
• Cyber & IT Due Diligence Security posture and IT risk review covering cyber resilience, infrastructure, and IT-related deal risks.
• AI Future Readiness Assessment of a target's AI strategy, architecture, and readiness to support investor views on AI-driven value creation and risk.
• Portfolio Monitoring & Continuous Diligence Ongoing technology and AI maturity tracking across portfolio companies to provide continuous visibility into tech health and AI readiness post-investment.

Quantifiable outcome

• Average delivery time under 10 days
• +1 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Alvarez & Marsal: Global professional services firm with a well-established transaction advisory and technology due diligence practice serving private equity and corporate buyers. Comparable to Code & Co. in providing tech DD to PE clients, but operates at significantly larger scale and broader service breadth.
• EY-Parthenon: Strategy and transactions arm of EY offering technology and product due diligence to private equity clients. Directly competes with Code & Co. on tech DD mandates but benefits from Big 4 global delivery network, integrated advisory cross-sell, and audit-adjacent trust relationships.
• Deloitte (Technology M&A / Monitor Deloitte): Global consulting firm providing technology due diligence, IT integration, and product assessment for PE transactions. Competes with Code & Co. in tech DD but with vastly larger staffing, geographic reach, and ability to bundle deals with tax, audit, and consulting workstreams.
• KPMG (Deal Advisory - Tech): Big 4 firm with dedicated technology and product due diligence capabilities within its Deal Advisory practice serving PE and corporate acquirers. Overlaps directly with Code & Co. on tech DD mandates, leveraging Big 4 scale and cross-service capability.
• PwC Strategy& (Technology M&A): Global strategy consulting arm of PwC providing technology, digital, and product due diligence for PE and corporate transactions. A direct competitor in tech DD, distinguished by PwC's broader advisory, audit, and tax relationships.
• Information Services Group (ISG): Global technology research and advisory firm with a dedicated ISG M&A practice providing technology due diligence to PE and strategic buyers. Direct overlap with Code & Co.'s tech DD offering, differentiated by broader sourcing, benchmarking, and sourcing advisory capabilities.

Direct peers

• West Monroe Partners: US-based technology and management consulting firm with a dedicated M&A and technology due diligence practice serving private equity and corporate buyers. Closely comparable to Code & Co. in technology-focused advisory model and PE client base, though operating at larger scale in North America.
• Baringa Partners: Independent, employee-owned consulting firm specializing in energy, financial services, and technology advisory including transaction support. Comparable to Code & Co. as an independent specialist advisory with deep sector expertise and operator-led culture.
• Pace Harmon: Boutique advisory firm providing technology and operational due diligence to private equity clients. Highly comparable to Code & Co. in scope (tech DD for PE), boutique scale, and transaction-focused engagement model.

Regional players

• Roland Berger: European-headquartered strategy consulting firm with a dedicated tech, product, and M&A advisory practice serving PE and corporate clients. Comparable to Code & Co. in European PE market focus and tech advisory offering, though operating at broader consulting scale.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/code-and-co
• LinkedInlinkedin.com/company/codeandcoberlin
• Xx.com/codeandcoberlin

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about code & co.