Professional Website Builder Duda Raises $ 50 Million Series D

Duda, a professional website builder for digital agencies and SaaS companies, said on Tuesday it has raised $ 50 million in Series D funding. About $ 10 million of the funds will be used to acquire shares of founders and employees. of the company. The round was led by Claridge IL and included existing investors Susquehanna Growth Equity and Vintage Investment Partners. This is Duda’s largest funding round to date and brings the total raised by the company to $ 100 million. Oren Ze’ev is one of the company’s early investors, leading its Seed and Series A rounds. Another early investor is Pitango, along with Chemi Peres, son of ex-Prime Minister Shimon Peres, sitting on the board of directors.

Duda has developed a leading website development platform created specifically for web professionals who build websites for small businesses. Unlike Wix, Duda’s tools are intended for professionals only.

“The business underwent a big change in 2014 and we effectively restarted the business. We were initially built around mobile, but after five years we have grown into a platform for professionals to build websites for small businesses, ”Itai Sadan, CEO of Duda, told Calcalist. “We’re like Wix but for professionals. We have a million websites on our platform, many of which were built through our white label platform.”

Duda co-founders Amir Glatt (right) and Itai Sadan. Photo: Duda

Sadan noted that the uniqueness of Duda is that he only targets professionals. “The website building market is very large and there are many different needs that sometimes companies like WordPress or Wix don’t meet,” Sadan said. “Duda has very large customers and we also serve SaaS customers, technology companies who want to integrate a website builder into their platform. ”

Duda was founded in 2010 by Sadan and Amir Glatt. The company employs 180 people, 90 of whom are in Tel Aviv and the rest in Palo Alto, Colorado, London and Brazil. “We want to recruit at least 100 more employees over the next year. Most to help develop the product and the rest to support the sales and marketing department,” Sadan said.