LBC Group of Companies is pleased to announce its participation in the Series A funding round of Codezela Technologies, with a strategic investment of USD 600,000 completed in February 2025. The investment strengthens LBC’s commitment to supporting high potential technology companies contributing to Sri Lanka’s digital development and global competitiveness.
Codezela Technologies, headquartered in the United Kingdom and operating across the United Arab Emirates and Sri Lanka, has demonstrated steady growth through its portfolio of software development, AI driven solutions, digital platforms and large scale enterprise technology services. The company has expanded its footprint in Sri Lanka through significant digital transformation projects and talent development initiatives, positioning itself as a reliable partner for both local and international organisations.
The Series A capital will support Codezela’s continued expansion in Sri Lanka, including product advancement, engineering scale up and regional growth activities. LBC Group views this round as a meaningful step in strengthening the country’s technology ecosystem and supporting companies with long term potential.
A representative from LBC Group noted that Codezela’s leadership, operational discipline and technical capability reflect the qualities required for sustainable growth. The Group expressed confidence in Codezela’s ability to accelerate digital adoption in Sri Lanka while maintaining international standards of performance.
Codezela Technologies welcomed the completion of its Series A round, highlighting that the investment will support the company’s next phase of development, including enhancements to its product suite, expansion of engineering operations and continued contribution to Sri Lanka’s digital economy.
LBC Group remains committed to identifying and supporting companies in Sri Lanka with strong fundamentals and the capacity to create lasting national and regional value. The investment in Codezela Technologies marks another step in advancing the Group’s broader mission of fostering innovation and sustainable growth.