In an all-cash transaction, private equity firm buys insurtech startup Duck Creek for $2.6 billion businesskinda.com

by Janice Allen
0 comments

To get a roundup of businesskinda.com’s biggest and most important stories delivered to your inbox every day at 3PM PST, register here.

Welcome to the start of the week. My thumb broke in my standing waffle iron while cleaning it this morning, so things can only get better from there, right? Anyway, here’s what’s in store today. — Christine

The businesskinda.com Top 3

  • If it looks like a duck and quacks like a duck…: Vista Equity Partners has plans to take Duck Creek Technologies private. The private equity firm announced its plan to acquire the insurance software company for $2.6 billion. Paul has more.
  • This is a relief: Nigerian agritech Releaf has raised $3.3 million in additional capital as it launches new food processing technology, starting with oil palm, Tage reports.
  • The Superscript hung on the wall: London-based small business insurer Superscript raised $54 million in a particularly difficult year for the industry. Paul writes.

Startups and VC

Attention has our attention. The company raised $3.1 million to further develop its technology, which combines artificial intelligence with natural language processing to help sales reps sell faster by automatically filling out customer relationship management forms and composing follow-up emails. Catherine writes.

Here are four more for you:

5 cloud trends to keep up with in 2023

Cloud computing in photo studio

Image Credits: Peter Dazelley (Opens in a new window) /Getty Images

Despite the downturn, Gartner estimates global IT spending will reach $4.6 trillion this year, up 5.1% year over year.

Josh Berman, president of C2C Global, has identified five trends that cloud technology startups should consider as they build product, fundraising and recruiting plans for the new year.

“The promise of these technologies is too important to ignore,” Berman writes.

Two more from the TC+ team:

businesskinda.com+ is our membership program that helps founders and startup teams lead the way. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!

Big Tech Inc.

Lauren takes us streaming service for streaming service to show us what each has in store in 2023. However, if you’re trying to get Disney+ Basic on Roku, you might have to wait a bit longer.

And we have five more for you:

  • Apple has been busy: The mixed reality headset could be released this year, Roman reports. In the meantime, Lauren writes about the partnership between Apple Maps and SpotHero parking app to give users access to 8,000 parking options, and Aisha tells us why iOS 17 may have fewer major changes than originally planned.
  • Row, row, row your boat, gently down the anime stream: Lauren describes the anime streaming services you must try in 2023.
  • Truck porn: Stellantis has us drooling over all the flashy features packed into the Ram 1500 Revolution EV truck. Kirsten has more.
  • Up and away: Get ready to see Virgin Orbit attempt the first orbital launch from UK soil, Devin reports.
  • Q&A: Virginia Senator Mark Warner spoke Brian on cybersecurity, Musk’s Twitter, and legislation on killer robots.


You may also like

All Right Reserved Businesskinda.com