About Duett AS
Duett AS is a company based in Tynset (Norway) founded in 1982 was acquired by Accel-KKR in December 2019.. Duett AS has completed 2 acquisitions, including Skyhost and Traede. Duett AS offers products and services including Duett Økonomi, Taskline, and Duett App. Duett AS operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Headquarter Tynset, Norway
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Duett As
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Annual Revenue
$26.07 M (USD)5as on Dec 31, 2021
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Net Profit
$3.3 M (USD)2as on Dec 31, 2021
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EBITDA
$4.14 M (USD)8as on Dec 31, 2021
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Latest Funding Round
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Investors
Armada Credit Partners
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Skyhost
& 1 more
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Acquired by
Accel-KKR
(Dec 12, 2019)
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Products & Services of Duett AS
Duett AS offers a comprehensive portfolio of products and services, including Duett Økonomi, Taskline, and Duett App. 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.
Cloud-based program for automated invoicing and financial tasks
System for oppdragsstyring and quality control in accounting
App for on-the-go financial oversight and invoicing
Unlock access to complete
Funding Insights of Duett AS
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Debt – Venture - Duett AS | 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 Duett AS
Duett AS has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Armada Credit Partners and Accel-KKR. 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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Private debt solutions are offered to sustainable growing companies.
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Founded Year | Domain | Location | |
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Investments are focused on mid-market software and technology-enabled services firms.
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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 Duett AS
Duett AS has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Skyhost and Traede. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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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Software solutions for fashion brands' B2B operations are provided.
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2012 | ||||
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GPS-enabled fleet management solutions with tracking features are provided.
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2006 |
| 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 - Duett AS
| 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 |
Duett As Comparisons
Competitors of Duett AS
Duett AS 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 Intuit, Visma, Xero, Wave and FreshBooks, 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 |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting software is provided for small businesses and freelancers.
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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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Frequently Asked Questions about Duett AS
When was Duett AS founded?
Duett AS was founded in 1982 and raised its 1st funding round 33 years after it was founded.
Where is Duett AS located?
Duett AS is headquartered in Tynset, Norway. It is registered at Tynset, Innlandet, Norway.
What is the annual revenue of Duett AS?
Annual revenue of Duett AS is $26.07M as on Dec 31, 2021.
What does Duett AS do?
Duett AS was established in 1982 and is headquartered in Tynset, Norway. Cloud-based accounting software is offered to support accountants and businesses in various operations. Key features include financial analysis, billing and invoicing, document management, payment processing, financial reporting, payroll handling, and expense tracking. Solutions are adapted for sectors such as real estate, agriculture, legal services, and construction.
Who are the top competitors of Duett AS?
What products or services does Duett AS offer?
Duett AS offers Duett Økonomi, Taskline, and Duett App.
How many acquisitions has Duett AS made?
Who are Duett AS's investors?
Duett AS has 2 investors. Key investors include Armada Credit Partners, and Accel-KKR.