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Oak Investment Partners latest backer for business information company DueDil

3 Mar 2014

business archive folders closeup for background useOak Investment Partners has led a $17m Series B financing round for private company information business DueDil.

Existing investors Notion Capital and Passion Capital also took part in the financing, which brings the total raised by DueDil to $22m over the past 10 months.

Oak general partner Ifty Ahmed said, “We’re excited by the scale of the market that DueDil is creating.

“Business information is a multi-billion dollar industry that’s changed little in decades. In particular, DueDil is enabling small and medium-sized companies, which represent 99% of all businesses, to access rich insights and information.

“The DueDil executive team has a clear strategy for reordering the business information sector around customers, and is executing in an impressive way.”

Last year Oak Investment Partners and HTV Industries led a $40m Series B financing round for online shopping business nomorerack.

HTV CEO Dan Harrington joined the company’s board following the investment in nomorerack, which was founded in 2010.

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