KODA

KODA focuses on control buyouts and growth equity in lower-middle-market enterprise software and tech-enabled services companies. The firm targets businesses with $5 million to $30 million in revenue, writing equity checks between $10 million and $75 million. KODA prioritizes operational partnership, often backing founder-owned businesses or spinning out non-core divisions from larger corporations.

KODA concentrates its investments across the United States and Canada, with particular emphasis on the Northeast, Mid-Atlantic, and Great Lakes regions. The firm's base in Waltham, Massachusetts reflects a deliberate choice to remain proximate to dense clusters of privately held enterprise software and industrial technology businesses rather than operating from traditional private equity hubs.

No. KODA does not publicly disclose individual portfolio company names, consistent with the firm's low-profile operating model. The firm has no active press release program and does not maintain a marketing-oriented web presence, making external portfolio tracking infeasible without direct LP reporting access.

KODA has not publicly disclosed its headcount, total AUM, or aggregate capital deployed. The firm operates from a single office in Waltham, Massachusetts, and maintains no public-facing LinkedIn company page. This opacity is unusual among private equity firms of any scale and suggests an investor base comfortable with minimal public reporting.

KODA was founded in 2005 by a group of operators with enterprise technology backgrounds, but the firm has not publicly named its individual founders, managing partners, or current investment committee members through any accessible channel. The absence of named principals on the firm's website or in trade publications is a defining characteristic of KODA's operating posture.