Lexcrea advises Codeoscopic on Upliift’s investment in its capital. Inveready and Bonsai Partners exit

Codeoscopic reaches an agreement with Upliift, a permanent capital investor, to support the company in continuing to build on its story of success and innovation, with renewed ambition and objectives. Upliift invests in European B2B SaaS (Software as a Service) companies with a very long-term horizon.

Codeoscopic is a leading technology provider in the insurance sector, thanks to a portfolio of solutions that drive growth in the insurance market.

With more than 15 years of history and several partners among its shareholders — including Spanish venture capital firms Inveready and Bonsai Partners — Codeoscopic now enables a natural and planned renewal of its investor base. Through this transaction, both funds, which have supported this phase of the company, exit the shareholding. Ángel Blesa will remain as CEO and shareholder of Codeoscopic S.A. to continue leading the company’s expansion in the future.

A Long-Term Vision

Codeoscopic and Upliift share a long-term vision, committed to delivering continuous value for their clients, based on the development of scalable, robust products underpinned by the highest level of technological innovation for the insurance sector.

In the words of Ángel Blesa, CEO of Grupo Codeoscopic: *“Having a partner like Upliift allows us to keep thinking long term — to make plans for the future that ensure we remain at the forefront of innovation and technology in the insurance sector, as we have done over the past decade.

Upliift is a partner that enables us to continue operating Codeoscopic as we have so far, with the same management team and the same future plans to deliver the best possible service to our clients. In this regard, nothing changes in our relationship with clients — the same people will remain in key positions within Codeoscopic S.A.

I would like to thank all the shareholders of Codeoscopic S.A. for their work and constant support, which has made this incredible journey possible.”*

“We are proud to partner with Codeoscopic, a company with an outstanding track record of innovation in the insurtech space. They are exactly the type of specialized market leader we seek to invest in, perfectly aligned with our strategy of focusing on niche financial services in Europe.

Ángel and his team have built a powerful platform, and we are excited to support them in their next stage of growth. Our long-term approach is a perfect fit with Codeoscopic’s ambition to continue leading the market with cutting-edge, client-focused solutions,” says Alex Myers, Founder & Co-CEO of Upliift.

Lexcrea advised Codeoscopic on this transaction. The law firm commented:

“At Lexcrea, we are proud to have led this M&A transaction, which marks a milestone in the journey of one of our longest-standing clients. We have worked closely with Codeoscopic for many years, not only as legal advisors but also as board secretaries, which has allowed us to gain deep insight into their needs and particularities. This proximity has been key to providing real value in such a strategic process.”