About Duco
Duco is a Financial Services company based in London (United Kingdom) founded in 2010 by Michael Anthony Marconi, and was acquired by Nordic Capital in July 2021. SAAS reconciliation solutions are delivered for financial services firms. It operates on a SaaS (Software-as-a-Service), Managed Services, and FinTech model in Financial Services and Technology sectors. Duco has raised $35.29 million across 3 funding rounds from investors including Alibaba.com, CME Group and Eight Roads Ventures. Duco has completed 1 acquisition, including Metamaze. Duco was last valued at $64.44 million in January 2018. Its website du.co draws about 33 thousand monthly visits. Duco offers products and services including Duco Platform, Reconciliation Solution, and Adaptive IDP. Its focus areas include Financial Technology, Data Automation, Finance and Capital Markets. Its legal entity is Duco Technology. Its competitors include Behavox and Marlowe; 1 of its 2 listed competitors has raised funding.
Company details
Duco is recognized for providing AI-powered data automation software tailored for financial markets. Solutions are offered across sectors like capital markets, insurance, payments, fintech, and crypto. The platform is designed to automate the processing of structured and unstructured data throughout its lifecycle, including extraction, transformation, reconciliation, and validation. Services are extended to address use cases such as cash transaction reporting, regulatory compliance, ETD clearing, OTC confirmations, custody, and crypto controls. Operational efficiency is enhanced by enabling business users to automate tasks without coding, reducing time spent on manual data processes. Legacy system costs are minimized through consolidation and automation on a cloud-based, scalable platform.
- Annual Revenue$15.53 M (USD)36as on Mar 31, 2021
- Total Equity Funding$35.29M (USD)
in 3 rounds
- Latest Funding Round$28M (USD), Series C
Jan 2018
- InvestorsAlibaba.com
& 9 more
- Investments & Acquisitions
- Acquired byNordic Capital
(Jul 2021)
Products & Services of Duco
Duco offers a comprehensive portfolio of products and services, including Duco Platform, Reconciliation Solution, and Adaptive IDP.
Data automation platform for financial data processing tasks.
Reconciliation tool for financial data accuracy and compliance.
Adaptive IDP for intelligent document processing and automation.
Funding Insights of Duco
Duco has successfully raised a total of $35.29M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $28 million completed in January 2018. 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 $35.29M
- Total Rounds 3
- Last Round Series C — $28M
- First Round $1.99M
(Dec 2012)
- Investors Count 9
All 3 funding rounds of Duco with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2018 | $28M | Series C | $64.44M | Insight Partners, Eight Roads Ventures | |
| Sep 2015 | $5.3M | Series B | $30.21M | CME Group | |
| Dec 2012 | $1.99M | Series A | $••••• | CME Group | – |
| Date | Valuation | Stage |
|---|---|---|
| Jan 2018 | $64.44M | •••••••• |
| Sep 2015 | $30.21M | •••••••• |
| Dec 2012 | $••••• | •••••••• |
Full valuation and stage history of Duco
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Last known valuation $64.44M (Jan 2018). 10 investors in total: 7 institutional and 3 angel.
Investors in Duco
Duco has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Alibaba.com, CME Group and Eight Roads Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment firm scaling software and technology companies from early to late stages. | insightpartners.com | |||
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom | |
VC firm investing in early-stage fintech startups | 1999 | nex.com | London, United Kingdom | |
| nordiccapital.com | ||||
| lifetime-entrepreneur.com | ||||
Multi-category products are facilitated through an online B2B cross-border marketplace. | 1999 | alibaba.com | New York, United States | |
Online trading and financial data exchange marketplace for capital assets | 1848 | cmegroup.com | Chicago, United States | |
CC Cristobal Conde | unknown_9aa614c419fd4324a | |||
MS Michael Spencer | Angel investor focusing on Indian startups, tech enthusiast | unknown_d22dce79683e48089 | ||
SG Steve Gibson | unknown_b203a2d839b7451fa |
Investor details for Duco
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Duco
28 people are tracked at Duco (14 in leadership, 4 in board & advisors, 10 in team).
| Name | Role | Group |
|---|---|---|
Michael Anthony Marconi | Co-Founder | Leadership |
Chris Stevens | Chief Revenue Officer | Leadership |
James Maxfield | Chief Product Officer | Leadership |
Ray Wong | Head Of Product Management | Leadership |
Anthony Northam | Chief Commercial & Operating Officer | Leadership |
Rob Gates | Chief Architect & Innovation Officer | Leadership |
Christian Nentwich | CEO | Leadership |
Danielle Price | Chief Financial Officer | Leadership |
Josh Monroe | Chief Revenue Officer | Leadership |
Julie McGregor | Enterprise Sales Director | Leadership |
Jesse Power FIA CERA | Head Of Sales (emea) | Leadership |
Jo C. | Sales Director | Leadership |
Wojciech Semik | VP Of Engineering | Leadership |
Aleksandra Młodecka | Head of Poland | Leadership |
Emil Anderson | Director | Board & advisors |
Uwe Weiss | Non-Executive chairman | Board & advisors |
Spencer Lake | Non-Executive Director | Board & advisors |
Linda Middleditch | Non-Executive Director | Board & advisors |
Grace Curry | Principal Product & Solutions Manager | Team |
Amber Clarke | Revenue Operations Manager | Team |
8 more people are available in the full profile.
Complete people profiles for Duco
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Investments & Acquisitions by Duco
Duco has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Metamaze.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Document processing is automated using AI-based software for enterprises. | metamaze.eu | Antwerp, Belgium | 2020 | Feb 2024 | •••• |
Complete acquisition details for Duco
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Timeline of Duco
6 dated milestones of Duco across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Duco is founded.
- Funding First funding round of $2.0M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $28.0M.
- Exit Acquired by Nordic Capital.
- Acquisition Acquires Metamaze.
Competitors of Duco
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| behavox.com | 2014 | London, United Kingdom | $146.24M | 212 | AI-driven compliance and risk management solutions are provided for enterprises. | |
| marloweplc.com | 2015 | London, United Kingdom | Compliance support and risk management services are provided. |
Detailed competitors of Duco
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Web traffic of Duco
The website of Duco (du.co) receives about 32.9K visits a month.
- Monthly visits32.9K
▲ 9.3% vs previous month
Websites whose visitors overlap most with Duco. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| xceptor.com | 100% | 12.8K | #1,287,966 | View details | |
| highradius.com | 75% | 415K | #104,768 | View details | |
| autorek.com | 50% | 12.8K | #2,867,350 | View details | |
| blackline.com | 48% | 659.3K | #71,257 | View details | |
efinancialnews.com | efinancialnews.com | 43% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 9 similar websites and full traffic analytics for Duco
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- 9 similar websites
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Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as Duco (Regulatory & Compliance Tech) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based anti-money laundering solutions are provided for compliance. | 2014 | London, England, United Kingdom | USD 167.21 M | USD 45.67 M | 443 | |
AI-powered data and decision intelligence solutions are provided for businesses. | 2016 | London, England, United Kingdom | USD 545.02 M | USD 161.29 M | 886 | |
Identity verification solutions are provided for multiple industries digitally. | 2014 | London, England, United Kingdom | USD 48.99 M |
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Related news about Duco
Complete news archive for Duco
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Frequently Asked Questions about Duco
Duco was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Duco is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Duco is a funded company, having raised a total of $35.29M across 3 funding rounds to date. The company's 1st funding round was a Series A of $1.99M, raised on Dec 2012.
Annual revenue of Duco is $15.53M as on Mar 31, 2021.
Duco is recognized for providing AI-powered data automation software tailored for financial markets. Solutions are offered across sectors like capital markets, insurance, payments, fintech, and crypto. The platform is designed to automate the processing of structured and unstructured data throughout its lifecycle, including extraction, transformation, reconciliation, and validation. Services are extended to address use cases such as cash transaction reporting, regulatory compliance, ETD clearing, OTC confirmations, custody, and crypto controls. Operational efficiency is enhanced by enabling business users to automate tasks without coding, reducing time spent on manual data processes. Legacy system costs are minimized through consolidation and automation on a cloud-based, scalable platform.
Duco offers Duco Platform, Reconciliation Solution, and Adaptive IDP.
Duco has made 1 acquisition, including Metamaze.
Duco has 10 investors. Key investors include Alibaba.com, CME Group, Eight Roads Ventures, Nex, and Insight Partners.
The valuation of Duco is $64.44M as of Jan 2018.
Duco operates through Duco Technology.
Yes. Duco was acquired by Nordic Capital in July 2021.