Duda raises $50m to help SaaS firms build improved websites
Latest funding round will allow Duda to expand further
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The professionalwebsite builderDuda has announced that it has raised $50m in Series D financing to grow its business further.
The company’s latest funding round is led by Claridge IL along with help from existing investors Susquehanna Growth Equity and Vintage Investment Partners. To date,Dudahas raised $100m though this new funding round is its largest yet.
First launched in 2010, the company has seen impressive growth in recent years and 1m websites have been built by over 17,000 web professionals worldwide on the Duda platform.
Duda plans to use this new funding to further accelerate its growth by developing new products and features as well as expanding investments across all departments including R&D, sales and marketing.
SaaS push
Unlike other website builders, Duda was created specifically for web professionals that build websites for small business customers. The company’s platform also makes it easier for agencies and freelancers tocollaboratewith web designers throughout the entire design process.
At the same time though, Duda is a trusted partner for verticalSaaSplatforms as they can scale their businesses by integrating its website builder into their core offerings. They can also extend and customize the company’s solution so that they can use Duda’s robust set of APIs to create thousands of sites which are automatically prepopulated with their customers' content.
Co-founder and CEO of Duda, Itai Sadan explained in apress releasehow its Series D would allow the company to expand even further and a greater pace, saying:
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“This is an exciting time for Duda. We have seen our growth significantly accelerate and feel that with this additional financing, we can step on the gas and grow even faster. Claridge IL is very much aligned with Duda’s expansion plans and vision for the future, and we are highly confident that their expertise, network, and resources will contribute to our continued global expansion and product development.”
After working with the TechRadar Pro team for the last several years, Anthony is now the security and networking editor at Tom’s Guide where he covers everything from data breaches and ransomware gangs to the best way to cover your whole home or business with Wi-Fi. When not writing, you can find him tinkering with PCs and game consoles, managing cables and upgrading his smart home.
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