Code & Co. announced its continued international expansion with the addition of its first dedicated team in France – two exceptional Parisians, Julien LERAY and Fabien Ungerer, who will anchor the firm’s growing presence in the French market

Code & Co. is thrilled to announce its continued international expansion with the addition of its first dedicated team in France – two exceptional Parisians, Julien LERAY and Fabien Ungerer, who will anchor the firm’s growing presence in the French market.

Julien and Fabien both bring strong software engineering foundations and began their careers in the Big Data ecosystem, developing products at the intersection of technology and business. Later, at Roland Berger, they focused on data science and analytics within large-scale M&A and corporate strategy engagements.

Afterward, as Associates at Techstars and later through their independent practice, they helped more than 20 technology companies design, build, and scale products.

Over time, their work naturally evolved toward Technical Due Diligence and Product Advisory for leading VC and PE funds, including Educapital, Grandir Group, InfraVia Capital Partners, Proeza Ventures, and Edenred Ventures, among others.

As Vincent Grosgeorge, Digital & Technology Director at InfraVia, puts it:
“Julien and Fabien worked with several companies in our portfolio on Technical Due Diligences and Product Audits. Throughout these engagements, they consistently demonstrated strong technical expertise paired with a deep understanding of the broader strategic and operational context. We particularly value this dual skill set and their ability to propose concrete and pragmatic solutions.”

With a dedicated and growing team now operating out of Paris, Code & Co. can offer even deeper local market insights and native-language capabilities across France.

“At Code & Co., we see a shared DNA with Julien and Fabien,” said Dan Bender, Founding Partner at Code & Co. “Their combination of entrepreneurship, technological depth, and strategic perspective aligns perfectly with our mission to redefine how investors assess and grow technology-driven businesses.”

Lukas Ingelheim, Founding Partner, added: “Our global growth is driven by exceptional talent who share our vision of combining deep technical expertise with investor-grade strategic thinking. Julien and Fabien embody this perfectly and we are excited to double down on France, a market that has already proven highly successful for us and continues to impress with outstanding software assets.”

If you’d like to learn more about Code & Co.’s expanding international capabilities, reach out. And stay tuned for details about our official Paris launch event in early 2026.

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