Duda raises $50M Series D funding from Claridge IL, others
At a Glance
Duda, a professional website builder for digital agencies and SaaS companies, has raised $50M in Series D funding, which is also its largest funding raised to date. It plans to accelerate its growth using the proceeds received
Duda, a responsive website builder for digital marketing agencies, hosting companies, and SaaS companies, has announced its %50 million Series D funding led by Claridge IL and its existing investors- Susquehanna Growth Equity and Vintage Investment Partners. The company stated that this is its largest-ever fund raised, taking the total amount to over $100 million.
Launched in 2010, Duda aims to make web designing quick and easy. Its platform specifically caters to the needs of web professionals building websites for small business customers. For other agencies and freelancers, specifically, Duda’s platform allows easier collaboration with clients through the entire web design process ranging from content creation to launch.
The proceeds shall be used to accelerate growth via product development, investing in research and development (R&D), sales, and marketing, Duda announced in its blog post.
Itai Sadan, co-Founder and CEO of Duda, expressed delight at the funding and stated that with this additional amount, it was possible to accelerate growth further. He thanked the investors and added,
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.Itai Sadan, co-Founder and CEO of Duda
Oded Tal, managing partner at Claridge IL’s, stated that Claridge was partnering with Duda and its existing shareholders to cement Duda’s leadership in the space of web development and developer tools, thereby aiding it in fulfilling its vision of making web design easy and scalable for web professionals who serve many clients worldwide.
The company has built an incredible product that is highly regarded by web professionals and operates in a truly massive, high growth marketOded Tal, managing partner at Claridge IL’s
Since its inception, Duda stated that over one million sites have been published on Duda’s platform. It has over 17,000 web professionals using its services.