Data deliverer DueDil gets £8m funding thrill
Augmentum has invested £2 million as part of a Series C financing of up to £8 million in London-based business information and intelligence firm DueDil.
It’s been a busy day (20 August) for Augmentum as it has also invested in SME bank Tide and paytech Previse.
Tim Levene, CEO of Augmentum Fintech, says: “Since our IPO we have built an exciting pipeline of fintech investment opportunities and are delighted to announce the completion of these three investments, each of which fit perfectly with our approach to investment.”
According to Augmentum, DueDil is building a source of information on private companies and the people behind them.
DueDil’s proprietary matching technology links together data from sources, helping DueDil’s customers find, verify and monitor opportunities and risks.
More than 400 financial services and technology companies use DueDil’s web platform and API as a solution for new business prospecting, compliance on-boarding and risk assessment and monitoring.
Co-investors in this round alongside Augmentum include Oak Investment Partners, Notion Capital and VentureFounders.
