Duedil raises $17m series-B

Oak led the round and will take up a seat on Duedil's board of directors following the capital increase.

The fresh funding will allow Duedil to expand its coverage to new geographies – customers can currently access information from Duedil in 22 countries.

The company will also increase its user acquisition efforts and develop new personalisation and network tools for customers in the hope of bolstering user engagement.

Previous funding
Duedil raised its series-A round in April last year, following a seed investment from Passion in 2011 and two rounds of angel funding in both 2011 and 2012.

Oak, Passion and Notion all took part in the $5m series-A, which also saw Spotify investor Shakil Khan back the company.

Company
Founded in 2011 and headquartered in London, Duedil operates an online database for private companies based in the UK and Ireland, providing financial and shareholder information as well as addresses, websites and phone numbers.

The firm claims it has doubled in size since its series-A round and anticipates a similar growth rate in the next 12 months. The company generated turnover of £158,600 in the year ending August 2013 and employs 25 staff.

People
Damian Kimmelman is the founder and CEO of Duedil. Ifty Ahmed is a general partner at Oak.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Expansion
• Support services
• United Kingdom
• Oak Investment Partners
• Passion Capital