Software Firm Duck Creek Raises $230 Million Ahead of IPO
- Investors include Kayne Anderson Rudnick, Whale Rock Capital
- Insurance software maker announced filing last year for IPO
This article is for subscribers only.
Duck Creek Technologies, a software provider for insurers, has raised $230 million from new and existing investors ahead of a planned initial public offering.
The Boston-based company attracted Kayne Anderson Rudnick Investment Management and Whale Rock Capital Management as new investors, according to a statement reviewed by Bloomberg. The valuation of the company in the round wasn’t included in the statement.