DueDil aggregates mountains of data, simplifies due diligence

duedil_logoTo most businesses, having access to information about your competition is critical for making sound decisions. There is a staggering amount out there, but London-based DueDil aggregates it and offers it to companies for their use.

Launched in 2011 by Damian Kimmelman, DueDil allows users to search by industry and location, create graphs and deltas, export data, and more. Users have access 20 years of records, including information on 9 companies and 15 million directors, on employee rosters, addresses, credit ratings, etc. You can even link up your LinkedIn profile to carry out due diligence on your contacts.

To use the service, you can sign up for free and try it for 7 days, but it would be 25 British pounds per month to start and upwards from there.

In March, the company announced that they raised $17 million in a Series B with participation from Notion Capital, Oak Investment Partners, and Passion Capital, which added to the $5 million that they raised just a year before. Users can access information on companies and directors from 22 countries, but DueDil is not satisfied and wants to reach out to new areas. Then, in April, the company announced the 3rd version of their API within the past year. The advantage is that users will be able to embed and automatically contact information streaming from the API.

The company declared at the time that this would be the first of a series of planned releases in 2014 dedicated to organizing data on private companies and offering business intelligence.

One of DueDil’s main competitors is OpenCorporates, which is also based in the UK and offers data on more than 71 million companies. Unlike DueDil, which sells access to records, OpenCorporates is completely free and is designed more for combatting corruption by bringing records out into the open and makes connections between the data.

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