Sunday, November 9, 2014

Portuguese startup wins Coca-Cola competition in Web Summit – Mad Money

Codacy won between 1500 startups in the biggest event in Europe’s innovative, Web Summit in Dublin

Paddy Cosgrave, a founder of the Web Summit

Three days of intense competition in the biggest event in Europe’s innovation gave victory to the Portuguese Codacy. The startup won the prize in BETA, the most coveted Coca-Cola PITCH Competition Web Summit, Europe’s largest technology conference. With 22 000 participants and 1500 companies in competition, Codacy takes home the prize of 10 thousand euro in cash and a trip to the headquarters of Coca-Cola in Atlanta.

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“It’s amazing, it’s crazy – I was not expecting this at all,” says Jaime Jorge, co-founder of Codacy. “This is tremendous exposure for our product, and also for startups in Portugal in general.” The investment has Codacy Faber Ventures, Seedcamp and Holy Spirit Ventures. Operates a platform code patterns, designed to complement tests and in order to make development of more efficient software. Has nearly 3000 developers in the platform.

The competition, which began in 1500 with startups, was reduced to a short-list of 200 startups that competed over three days – featuring your company in front of thousands of people, including leaders of major technological and investors . Among judges of Coca-Cola were precisely PITCH John O ‘Farrell, the VC Andreessen Horowitz and Alfred Lin, Sequoia Capital firm.

“Supporting entrepreneurs is something where everyone wins, both Coca-Cola as startups, “said Guy Wollaert, chief innovation officer of multinational drinks. A second prize, ALPHA, was assigned to the British BaseStone.

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