Duco, a London, UK-based data engineering technology company for the for financial services industry, completed a $28m investment round.
Backers included Insight Venture Partners, NEX Opportunities and Eight Roads Ventures and Cristóbal Conde, former CEO of SunGard.
The company will use the funds to expand its global presence, with headcount growth in Europe and the US, the launch of an Asia office and an expansion of its product set.
Led by Christian Nentwich, CEO, Duco provides a cloud technology platform that enables banks, brokers, asset managers and exchanges to normalize, validate and reconcile any type of data, via on-demand data integrity and insight.
Customers include international banks, brokers, exchanges, asset managers, hedge funds, administrators, service providers and corporates throughout Europe, North America, Africa, Asia, and Australasia.
The company has offices in New York and Luxembourg.