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Duck Creek Technologies

company

About

Duck Creek Technologies is a software company that provides property and casualty insurance solutions for individuals and businesses.

Highlights

Stock Symbol
nasdaq:DCT
Total Funding Amount
$762M
Funding Rounds
4
Investors
8
Investments
1
Acquisition
3

Details

Last Funding Type
Series A
Last Funding Money Raised
$7M
Industries
Finance,Insurance,Property Insurance,Property Management,Software
Founded date
Jan 1, 2000
Number Of Employee
1001 - 5000
Operating Status
Active
Stock Symbol
nasdaq:DCT
Legal Name
Duck Creek Technologies LLC

Duck Creek Technologies is a software company that provides property and casualty insurance solutions for individuals and businesses. The company develops industry-specific software that helps insurance carriers to deploy and manage their products and services. It is a provider of core system solutions to the P&C and general insurance industry. By accessing Duck Creek OnDemand, the company’s enterprise Software-as-a-Service solution, insurance carriers are able to navigate uncertainty and capture market opportunities faster than their competitors.

The company was formed in Boston, Massachusetts in 2000.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$762M
Duck Creek Technologies has raised a total of $762M in funding over 2 rounds. Their latest funding was raised on Aug 13, 2020 from a IPO round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 13, 2020 IPO $405M — — — Detail
Jun 10, 2020 Private Equity（PE） $230M 6 Kayne Anderson Rudnick (KAR)
Whale Rock Capital Management 		— Detail
Dec 9, 2019 Private Equity（PE） $120M 4 Dragoneer Investment Group
Insight Partners
Neuberger Berman Group
Temasek Holdings 		— Detail
May 11, 2005 Series A $7M 1 Pequot Capital — Detail

Investments

Number of Investments
Number of Lead Investments
1
0
Duck Creek Technologies has made 1 investments. Their most recent investment was on Dec 16, 2015, when Springboard raised $1.70M.
Date Company Name
Round Money Raised Industry Lead Investor
Dec 16, 2015 Springboard
Seed $1.70M E-Learning —

Investors

Number of Lead Investors
Number of Investors
7
8
Duck Creek Technologies is funded by 8 investors. Kayne Anderson Rudnick (KAR) and Whale Rock Capital Management are the most recent investors.
Investor Name Lead Investor Funding Round
Kayne Anderson Rudnick (KAR) Yes Private Equity（PE）
Whale Rock Capital Management Yes Private Equity（PE）
Neuberger Berman Group Yes Private Equity（PE）
Pequot Capital Yes Series A
Dragoneer Investment Group — Private Equity（PE）
Insight Partners — Private Equity（PE）
Neuberger Berman Loan Advisers Holdings — Private Equity（PE）
Temasek Holdings — Private Equity（PE）

Employee Profiles

Number of Employee Profiles
10
Duck Creek Technologies has 10 current employee profiles, including Board member Sunil Rajasekar
Sunil Rajasekar
Board member
Kevin Rhodes, CPA
Executive
Jess Keeney
Executive
Matt Sheridan
Executive
Jeff Winter
Executive
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Acquisition

Duck Creek Technologies has acquired 3 organizations. Their most recent acquisition was Agencyport Software on Aug 2, 2016. They acquired Agencyport Software for 0.

Date Company Name
Industry Acquisition Type Price
Aug 2, 2016 Agencyport Software
Consulting acquisition — Detail
Jan 4, 2017 YODIL
Analytics acquisition — Detail
Oct 17, 2018 Outline Systems
Information Technology acquisition — Detail
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