Code & Co.

  • Capital D logo
  • Refinery89 logo

Engagement — Platform Due Diligence

Code & Co. provides Tech & Product Due Diligence to Capital D ahead of its investment in Refinery89, a fast expanding AdTech platform.

Capital D, the next generation private equity fund manager investing in disruptive founder-led mid-market businesses across Europe, announced that it has acquired a minority stake in Refinery89, the AdTech platform dedicated to supporting regional European and LATAM digital publishers.

Scope of Work

Code & Co. conducted a comprehensive audit of Refinery89’s advertising technology platform. This encompassed an in-depth analysis of its architecture, infrastructure, technology stack, scalability, and security posture.

The assessment also reviewed Refinery89’s product roadmap, integration capabilities, operational scalability and AI/ML strategy (artificial intelligence and machine learning).

Additionally, Code & Co. evaluated the company’s engineering team, software development lifecycle, and security automation efforts.

About Refinery89

Refinery89 is an innovative AdTech company that puts publishers' needs first, specializing in helping the advertising ecosystem through technology and people. With origins in Amsterdam, and headquarters in Madrid, Refinery89 was established in late 2018 by former digital publishers for digital publishers and has evolved into a leading European publisher network with regional focus.

Refinery89's innovative and award-winning technologies, such as Single Tag and the Monetize App SDK, boost ad revenue and also grant digital publishers a competitive advantage via easy onboarding, a transparent dashboard, and a continuous improvement of the quality, quantity, innovation, and distribution of their advertising inventory.

Refinery89 is a Google Certified Publishing Partner and a member and licensed vendor in the IAB Transparency & Consent Framework.

For more information, please visit: www.refinery89.com

About Capital D

Capital D is a next-generation growth buyout fund manager focussed on disruptive mid-market businesses across Europe. Capital D invests at the intersection of macro, technological and behavioural trends, in businesses which will be the winners of the disruption economy. Capital D understands “what's next” through an ecosystem comprising experts in digital, innovation and sustainability which creates unique investment opportunities. Capital D adds purpose and agility to traditional investment lenses and believes companies with those characteristics are better equipped to succeed. For more information, please visit: www.CapitalD.com