Duda, a professional website builder for digital agencies and SaaS companies, has raised $50 million in Series D financing, led by Claridge IL as well as existing investors Susquehanna Growth Equity and Vintage Investment Partners, the company announced Tuesday.
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This is Duda's largest financing round to date and brings the total raised by the company to $100 million.
There are now 1 million published websites built by over 17,000 web professionals worldwide on the Duda platform. SaaS platforms have the option to extend and customize Duda's solution, so they can use Duda's APIs to create thousands of sites that are automatically prepopulated with their customers' content.
"This is an exciting time for Duda. We have seen our growth significantly accelerate and feel that with this additional financing, we can step on the gas and grow even faster," said Duda co-founder and CEO Itai Sadan.
"Claridge IL is very much aligned with Duda's expansion plans and vision for the future, and we are highly confident that their expertise, network, and resources will contribute to our continued global expansion and product development," Sadan added.
This new funding will be used to accelerate growth even further by developing new products and features, and expanding investments across all departments, including R&D, sales, and marketing.
