# Kodori

Kodori is a Private Equity based in Zug, Switzerland.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Zug, Switzerland
- **Region:** Europe
- **Address:** Zug, Switzerland
- **Founded:** 2010
- **Assets under management:** Undisclosed
- **Website:** www.kodori.ch
- **LinkedIn:** https://www.linkedin.com/company/kodori-ventures

## Regulatory record

- **Reports private funds:** No

## About

Kodori is a company based in Krakow, Poland, founded in 2023. It offers mobile app development and Shopify solutions for B2C businesses in retail, travel, and fashion sectors. Services include iOS and Android app creation, custom Shopify theme development, and feature implementation.

## Sectors

- Enterprise Software
- Digital Health
- FinTech
- AI/ML

## People

- Patrick Warnking — Managing Partner
- Adrian Bult — Managing Partner

## Questions

### Who makes investment decisions at Kodori?

Managing Partners Patrick Warnking and Adrian Bult lead investment decisions jointly. Both transitioned from senior operating roles — Warnking as Google's Country Director for Switzerland, Bult as Ringier's CEO of Digital — and they evaluate opportunities with an operator's lens, often joining portfolio company boards.

### How does Kodori source its deal flow?

Kodori relies on the founders' deep operator networks in the DACH region, cultivated through executive tenures at Google and Ringier. This sourcing model favors warm introductions from founders, former colleagues, and engineering leaders rather than placement-agent auctions or mass-inbound channels.

### What geographies and sectors does Kodori focus on?

The primary geographic focus is Switzerland, Germany, and Austria, with selective investments in the United Kingdom and Nordics. Sector emphasis is on enterprise software, digital health, fintech, and AI/ML applications where the partners' operating experience is directly relevant.

### Does Kodori manage a single fund or multiple vehicles?

Kodori has deployed capital across multiple fund vintages, though the firm does not publicly disclose fund sizes or specific vehicle structures. Total commitments remain undisclosed.

### What is the partners' background before Kodori?

Patrick Warnking served as Google's Country Director for Switzerland, overseeing commercial operations and strategy. Adrian Bult was CEO of Digital at Ringier, the Swiss media group, and previously held executive roles at Swisscom. Neither followed the traditional analyst-to-associate venture career path — their deal judgment draws from running businesses as operators.

## Related profiles

- [KODA](https://altss.com/profile/koda)
- [Koehler Investment Partners](https://altss.com/profile/koehler-investment-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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