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Business intelligence site DueDil raises $17m in series B funding

4/03/2014 by

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The business discovery platform, DueDil, announced it has completed its second financing round, bringing a total investment of $22m (£13m) since April 2013.

The capital will be used to increase DueDil’s user acquisition activity, deepen user engagement and bring the platform’s web coverage to new geographies.

DueDil founder and CEO Damian Kimmelman said: “Business has an information problem. While you can find a stranger’s entire employment history online, it’s difficult to find detailed information on their company. This poor information flow leads to bad decisions, increases risk and creates missed opportunities.”

“Our vision is a world of real-time decision intelligence, one where data is integrated seamlessly into business decision-making. To realise this, DueDil’s next phase is about embedding world-class discovery tools, platforms and networks into daily working life.”

This article has been extracted from http://realbusiness.co.uk, please click on this link to read the article in full http://realbusiness.co.uk/article/25821-business-intelligence-site-duedil-raises-17m-in-series-b-funding

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