We are pleased to announce that NovitasFTCL acted as exclusive financial adviser to Duco on its $28M growth investment round by Insight Venture Partners, NEX Opportunities and Eight Roads Ventures. The round also includes an investment by former Sungard CEO Cristóbal Conde.
This transaction further reinforces our track record in advising UK and European FinTech businesses in transactions involving US investors or buyers, following the MoneyMate Group/CIP Capital, Neonet/KCG, Risk Intelligence Ireland/Verisk Analytics and AlgoSpan/Pico transactions.
Headquartered in London with offices in New York and Luxembourg, Duco provides self-service data engineering in the cloud that enables banks, brokers, asset managers and exchanges to normalise, validate and reconcile any type of data, providing firms with on-demand data integrity and insight. Duco has seen rapid and global growth and will use the investment to expand its global footprint, with headcount growth in Europe and the US, the launch of an Asia office and an expansion of its award-winning product set.
For further information on the transaction, please find below a link to its press release:
Duco announces $28m growth investment for data engineering in the cloud
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