15/12/2011

Duedil raises second angel round

Duedil, the company that offers free information about UK and Ireland companies and company directors has raised a second angel round from Jonty Hurwitz, the founding CTO of Wonga followed by Passion Capital and Federico Pirzio-Biroli.

Duedil is different from most other sites in that they link the information from the 7m original data points on companies and directors (so they have over 30bn data connections) so if you look at a company and list the directors, then you can click on any of the directors and see what other companies they are (or have been) associated with.

They also link to other data sources for information about County Court Injunctions, any legal actions etc, with more data sources being added all the time.

Hurwitz sees the vast potential for business growth in big data analytics and will bring his technical and strategic expertese to Duedil, which he hopes will develop into the premiere source of business information in the world.

Though currently all of Duedil's information is free, they must be developing paid for models or the company will haemorrhage cash as licensing the business information costs a lot of money. They must also be at risk from existing companies such as Credit Expert (Experian) who could build similar services on top of their existing data, though Duedil has developed an extremely nice UI which would take time to duplicate.
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