Whale Rock Capital and Kayne Anderson Rudnick led a $230m investment round in Duck Creek Technologies.

Whale Rock Capital, an investment company, and Kayne Anderson Rudnick, an investment adviser, led a $230m investment round in Duck Creek Technologies, a provider of SaaS-delivered enterprise software to the property & casualty insurance industry. Existing investors Temasek Holdings, Insight Partners, Dragoneer Investment Group, and NB Aurora. “The partnership of these new investors with Duck Creek speaks to the momentum we have achieved as the SaaS leader in P&C core systems and the opportunities we see ahead. Our Platform’s performance, particularly during these recent months, has shown the industry that SaaS can deliver new levels of value. We see growing opportunity for Duck Creek as more insurers accelerate their adoption of SaaS solutions for their core systems,” Michael Jackowski, Duck Creek Chief Executive Officer.