Charles Russell Speechlys advises Duco Technology Ltd on $28m equity fundraising with Insight Venture Partners and others
Charles Russell Speechlys have advised Duco Technology on its $28m equity fundraising with Insight Venture Partners, NEX Opportunities and Eight Roads Ventures. The round also includes an investment by lifetime entrepreneur and former CEO of SunGard, Cristóbal Conde.
Duco, the data engineering technology company, provides technology that enables banks, brokers, asset managers and exchanges to normalise, validate and reconcile any type of data in Duco’s cloud, providing firms with on-demand data integrity and insight. The company has seen rapid and global growth as the industry re-platforms, adopting advances in leading technology to eliminate operational risk and cost and making actionable data more immediately available across the enterprise.
Duco will use the investment to expand its global footprint, with headcount growth in Europe and the US, the launch of an Asia office and an expansion of its award-winning product set.
Christian Nentwich, CEO of Duco, said “This investment enables us to push further in applying our natural background in Computer Science to solving fundamental industry problems, while strengthening our resources to deepen relationships with our existing client base. The CRS team has been very helpful in taking the drafting lead and simplifying this multi-party transaction for us, and is continuing to assist us on our journey through key topics like commercial agreement simplification and GDPR readiness.”
Corporate Partner Will Nash commented: “We were delighted to work with existing client Duco to deliver this significant milestone as we continue to support the company on its fast growth trajectory within the fintech space.”
The Charles Russell Speechlys core team comprised Will Nash and Olivia Mackie for the Corporate team, and Kirsti Laird from the Employment team.
For more information, please contact Will Nash on +44 (0)7917 191 149 or at William.Nash@crsblaw.com.