Oak Investment Partners Leads $17M Series B for DueDil
March 04, 2014
Business discovery platform DueDil has completed a $17 million Series B financing round led by return investor Oak Investment Partners. The financing was also supported by existing investors Notion Capital and Passion Capital. The company enables individuals or businesses to access up-to-date information on all private companies and their directors in 22 countries, providing valuable business data and insights. The latest investment follows the company's $5 million Series A financing in April 2013 and brings its total VC backing to $23 million.
The new capital will be used to increase DueDil’s user acquisition activity; deepen user engagement through new personalization, discovery and network tools; and bring DueDil’s Web coverage to new geographies.