# Duco Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/duco-technology

- Industry: Software
- Headquarters: London, UK
- Website: www.du.co
- Total disclosed funding: $29M
- Latest round: Series B (Jan 23, 2018)
- Investors on record: 5

## About

Based in London, UK, and founded in 2010 by its CEO Christian Nentwich, Duco Technology Limited operates as a data engineering technology company that offers system-as-a-software solutions in the cloud to insurance, financial services, and fintech companies. The firm has 140 employees across the UK, US, Poland, and Singapore as of 2021. The firm received seed funding from CME Ventures and Euclid Opportunities in December 2012, Series A funding from ICAP plc in September 2015, and Series B funding from Eight Roads Ventures, Insight Partners, and NEX Opportunities in January 2018, and in July 2021, Nordic Capital agreed to acquire a majority stake in the company.

Duco Technology develops a machine learning platform called Duco, that allows financial institutions to manage large data. Duco platform offers reconciliations and data preparation solutions that are used by its client's front office, middle and back offices to exchange-traded derivatives and to perform operations such as over-the-counter clearing, collateral, spreadsheet replacement, regulatory data integrity, interbank offered rates transition, broker and custody reconciliation, claims, payments, intersystem reconciliation, schedule D reports, fintech and payments, payment matching, exchange to blockchain reconciliation, and Nostro and Vostro accounts. As of 2021, the software comes in three editions: IGNITE for small businesses (10 users), TEAM for business up to 75 users and ENTERPRISE for large-scale enterprises.

The company generated a turnover of GBP 8.74 million in March 2020.

Following its acquisition by Nordic Capital, Duco Technology Limited plans to accelerate and strengthen its business strategy with both organic and acquisition growth, increase its international footprint, and expand its product offering and employee growth.

## Funding rounds

- Series B, Jan 23, 2018, $27M — Insight Partners, Eight Roads Ventures, NEX Opportunities
- Seed, Nov 23, 2012, $1.6M — Euclid Opportunities, CME Ventures

## Investors

- Euclid Opportunities — Seed
- CME Ventures (https://capitalatlas.ai/funds/cme-ventures) — Seed
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B
- NEX Opportunities — Series B