Duda raises $ 50 million for its B2B website building platform
Series D Funding, Led by Technology Growth Investor Claridge IL, Marks Duda’s Largest Funding Round to Date, and Will Allow Duda to Further Accelerate the Development and Scale of its Core Platform of white label website creation.
PALO ALTO, California, July 14, 2021– (BUSINESS WIRE) – Duda (www.duda.co), the professional website builder for digital agencies and SaaS companies, announces it has raised $ 50 million in Series D funding, led by Claridge IL as well as existing investors Susquehanna Growth Equity and Vintage Investment Partners. This is Duda’s largest funding round to date and brings the total raised by the company to $ 100 million.
The business has grown impressively over the past few years and there are now one million published websites built by over 17,000 web professionals around the world on the Duda platform. This new funding will be used to further accelerate growth by developing new products and features and increasing investments in all departments, including R&D, sales and marketing.
Duda is the leading website development platform created specifically for web professionals who build websites for small businesses. For agencies and freelancers, the platform enables easier collaboration with clients throughout the web design process, from content collection to design, reviews, approval and launch. Duda is also a trusted partner for vertical SaaS platforms looking to scale by integrating Duda’s white label website builder into their core offering, expanding their value to customers while increasing recurring revenue.
The platform accelerates the development of rock solid websites that convert increased traffic into increased sales. Web professionals use Duda to build fast, scalable, integrated, and easy-to-learn business and e-commerce websites for their clients. SaaS platforms have the ability to extend and customize Duda’s solution, so they can use Duda’s robust set of APIs to build thousands of sites that are automatically pre-populated with their customers’ content. Duda stays at the forefront with continuous updates, tools, and rapid response to changes in search engine ranking algorithms, including Google’s latest Core Web Vitals update.
Lead Investor Claridge IL is a growth equity investment firm focused on leading Israel-related growth technology companies and is backed by reputable Canadian investors. Rami Hadar, Managing Partner at Claridge IL and CEO / Senior Tech Entrepreneur, will join Duda’s Board of Directors.
“It’s an exciting time for Duda. We have seen our growth accelerate dramatically and we believe that with this additional funding we can tap gas and grow even faster, ”said Itai Sadan, co-founder and CEO of Duda. “Claridge IL is fully aligned with Duda’s expansion plans and vision for the future, and we are confident that their expertise, network and resources will contribute to our continued global expansion and product development. “
Oded Tal, the founding managing partner of Claridge IL, said, “We look forward to partnering with Duda and its existing shareholders to further solidify Duda’s leadership in its field, as well as to realize its vision of making the design Simple and scalable web for web professionals serving all industries. The company has built an amazing product which is highly regarded by web professionals and operates in a truly massive and high growth market. “
Duda’s mission is to make website design fast, easy, scalable, and painless. It is the leading website development platform created specifically for the people and businesses who make a living by building and supporting websites. Since its launch in 2010, a million sites have been published on the Duda white label platform, and more than 17,000 web professionals trust it enough to put their own name on it. Duda has raised over $ 100 million in funding to date.
About Claridge IL
Claridge IL is an investment firm focused on growth investments in innovative companies with a technological advantage. The company was initiated through a partnership between Claridge Inc., the Stephen R. Bronfman Family Office, one of the most reputable family offices and private investors in Canada, and the Caisse de dépôt et placement du Québec (CDPQ), a global institutional investment fund, real estate and infrastructure investor, with net assets of over C $ 365 billion (as of December 31, 2020). Claridge IL portfolio companies include AlgoSec, Cyberbit, Infinidat, D-Fend and Gigaspaces.
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