July 15, 2021
Data automation company Duco provides SaaS solutions in the cloud to leading financial services, insurance and fintech companies dealing with mission critical data management issues.
On July 15, Nordic Capital, a leading European private equity investor, announced that it will acquire a majority shareholding in Duco Technology Limited from current investors, Insight Partners, CME Ventures and Eight Roads Ventures. The investment is made in partnership with the CEO and Founder, Christian Nentwich, with the aim to further increase Duco’s international footprint while also supporting product expansion and employee growth. Nordic Capital will utilize its experience within the Technology and Payments sector, as well as its broad network and operational resources to accelerate the transformative growth of Duco.
Duco, a leading data automation company, provides Software as a Service (SaaS) solutions in the cloud to some of the largest companies in the world, including Financial Services, Insurance and FinTech companies dealing with mission critical data management issues. Headquartered in London, Duco has 140 employees in the UK, US, Singapore and Poland. Duco’s software has over 10,000 users across 30+ countries and processes billions of data records every week. The platform is used by 14 of the top 30 global banks, asset managers with over $10 trillion in assets, leading payments innovators, crypto exchanges and custodians, and insurers.
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.
The Willkie deal team was led by partner Philip Coletto and associate William Buchanan and included partner Matthew Guercio.
