About Duck Creek
Duck Creek is a company based in Boston (United States) founded in 2000 was acquired by Vista Equity Partners in January 2023.. Duck Creek has raised $350 million across 3 funding rounds from investors including Apax Partners, Temasek and FirstMark. The company has 780 employees as of April 09, 2024. Duck Creek has completed 3 acquisitions, including Imburse Payments, Risk Control Tech and Yodil. Duck Creek offers products and services including Duck Creek Suite, Billing, Claims, Digital Customer Service, and Policy Rating. Duck Creek operates in a competitive market with competitors including Guidewire, Bold Penguin, BetterView, OneShield and Insurity, among others.
- Headquarter Boston, United States
- Employees 780 as on 09 Apr, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Duck Creek Technologies India Llp
- Date of Incorporation 26 May, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$350 M (USD)
in 3 rounds
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Latest Funding Round
$230 M (USD), Series D
Jun 10, 2020
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Investors
Apax Partners
& 8 more
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Employee Count
780
as on Apr 09, 2024
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Investments & Acquisitions
Imburse Payments
& 2 more
- Acquired by
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Products & Services of Duck Creek
Duck Creek offers a comprehensive portfolio of products and services, including Duck Creek Suite, Billing, Claims, Digital Customer Service, and Policy Rating. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Comprehensive platform for managing P&C insurance operations and integrations.
System for handling insurance billing and payments efficiently.
Platform for processing and managing insurance claims digitally.
Tools for providing personalized insurance customer support online.
Software for evaluating and rating insurance policies accurately.
System for processing insurance payments and ecosystem integrations.
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Software Development Team
59 people
Leadership Team
43 people
Product Management Team
37 people
Senior Team
25 people
Sales and Marketing
23 people
Delivery Team
9 people
Human Resources and Administration
8 people
Associate Team
8 people
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Funding Insights of Duck Creek
Duck Creek has successfully raised a total of $350M across 3 strategic funding rounds. The most recent funding activity was a Series D round of $230 million completed in June 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series D — $230.0M
- First Round First Round
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Series D - Duck Creek | Valuation | Kayne Anderson Rudnick , Whale Rock Capital Management |
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| Dec, 2019 | Amount | Series C - Duck Creek | Valuation | Neuberger Berman , Temasek |
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| May, 2005 | Amount | Series A - Duck Creek | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Duck Creek
Duck Creek has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Apax Partners, Temasek and FirstMark. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Kayne Anderson Rudnick is engaged in investment and wealth management.
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Founded Year | Domain | Location | |
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Secondary market fund focused on LP and direct secondary transactions
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Duck Creek
Duck Creek has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Imburse Payments, Risk Control Tech and Yodil. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Payments solutions for businesses are provided via integrated platforms.
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2017 | ||||
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End-to-end loss control software is provided for insurance automation.
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2012 | ||||
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Data management and underwriting solutions are provided for P&C insurance.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Duck Creek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Duck Creek Comparisons
Competitors of Duck Creek
Duck Creek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Guidewire, Bold Penguin, BetterView, OneShield and Insurity, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based platform for property and casualty insurance is provided.
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| domain | founded_year | HQ Location |
Software suite is offered for commercial insurance quoting and binding.
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| domain | founded_year | HQ Location |
Insurance policy management and risk management solutions for the P&C insurance industry
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| domain | founded_year | HQ Location |
Cloud-based insurance policy and claims management solutions for the p&c insurance industry
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| domain | founded_year | HQ Location |
Insurity is recognized for providing cloud-native insurance software solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Duck Creek
Frequently Asked Questions about Duck Creek
When was Duck Creek founded?
Duck Creek was founded in 2000 and raised its 1st funding round 5 years after it was founded.
Where is Duck Creek located?
Duck Creek is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of Duck Creek?
Michael Jackowski is the current CEO of Duck Creek.
Is Duck Creek a funded company?
Duck Creek is a funded company, having raised a total of $350M across 3 funding rounds to date.
How many employees does Duck Creek have?
As of Apr 09, 2024, the latest employee count at Duck Creek is 780.
What does Duck Creek do?
Duck Creek was founded in 2000 and is based in Boston, United States. Cloud-based solutions are offered for property and casualty insurance, as well as general insurance sectors. A suite of products is available, covering insurance billing, claims management, policy management, and rating engines. Additional solutions encompass distribution management, data management, customer relationship management, and reinsurance management.
Who are the top competitors of Duck Creek?
Duck Creek's top competitors include Guidewire, Bold Penguin and OneShield.
What products or services does Duck Creek offer?
Duck Creek offers Duck Creek Suite, Billing, Claims, Digital Customer Service, and 2 more products and services.
How many acquisitions has Duck Creek made?
Duck Creek has made 3 acquisitions, including Imburse Payments, Risk Control Tech, and Yodil.
Who are Duck Creek's investors?
Duck Creek has 9 investors. Key investors include Apax Partners, Temasek, FirstMark, Neuberger Berman, and Kayne Anderson Rudnick.
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