Four years ago the founder pitched at a small event I was at, amid what can only be described as a fit of nerves. But now DueDil founder and CEO Damian Kimmelman is a fully-rounded, confident founder who has today raised a $17 million Series B financing round, led by previous investor Oak Investment Partners. The funding round was also supported by existing investors Notion Capital and Passion Capital. The new capital will be used to boost DueDil’s product and expand into new countries.
Previously the company’s company’s Series A financing was in April 2013, and brings total
investment in DueDil to $22m over the past 10 months.
Users can currently access information on companies and directors in 22 different countries via the DueDil API.
The largest source of private company information in the UK and Ireland, DueDil has really changed the business information sector by enabling anyone to access up-to-date information on all companies and directors – a service which was previously tortuous and expensive.
Kimmelman said: “Our vision is a world of real-time decision intelligence, one where data is integrated seamlessly into business decision-making. To realise this, DueDil’s next phase is about embedding world-class discovery tools, platforms and networks into daily working life.”
In the past 12 months, the company says it has doubled in size since the Series A round, increased its blue-chip Enterprise customer base and won a clutch of awards and accolades.