Metamaze has been sold to Duco, a portfolio company of Nordic Capital

Antwerp – CFI is pleased to announce it acted as the exclusive corporate finance advisor to Metamaze in its sale to Duco, a portfolio company of Nordic Capital.

About Metamaze
Metamaze is an AI-driven Intelligent Document Processing (IDP) SaaS platform that enables companies to automatically process, extract and interpret information from any type of unstructured document. The company uses Al and no-code techniques to replace manual data extraction and classification from documents and emails, to a high degree of accuracy and with a focus on an end-user friendly experience. Metamaze distinguishes itself as the leading ‘Adaptive IDP’ provider on the market, by offering a platform that is focused around accuracy, flexibility, scalability and user-friendliness. The company is headquartered in Antwerp, Belgium.

About Duco
Duco is the number one SaaS provider of AI powered data automation that helps financial services, insurance and fintech companies manage their mission-critical data. Duco replaces spreadsheets and technology-heavy solutions in finance and operations departments by automating the processing of data throughout its lifecycle, from data ingestion, to data preparation, validation, reconciliation and publication to downstream platforms. The cloud-native, no-code platform puts data in the hands of the business users, reducing the dependency on technology teams. Duco is headquartered in London, with offices in New York, Boston, Wroclaw and Singapore.

About the transaction
Metamaze is a hypergrowth Belgium-based scale-up software company with c. 100% year on year growth, that spun out of Faktion, a Belgium-based boutique AI firm. To make its proven platform available to the global market, Metamaze was looking for a partner with extended sales and distribution capabilities to solidify its fast growth and bank on its superior technology. In Duco, it has found a partner that shares the vision of how software should be delivered – in the cloud, with Al doing the heavy lifting, and focussed on a powerful business end-user experience, based on a no-code framework. By combining the power of the Metamaze and Duco platforms, customers can now easily ingest any type of data from any type of document and automate processes around it. 

CFI’s role in the process
Metamaze’s shareholders entrusted CFI with managing the process, focusing particularly on its positioning and access to potential buyers capable of assigning strategic value to the company. CFI designed a tailored process, at the right speed to secure competitiveness and deal security, and adopted the optimal strategy to enthuse potential strategic buyers. Throughout, CFI continued to focus on the interests of the various shareholders and management. The sale of Metamaze to Duco was closed on 6 February 2024. This transaction solidifies CFI’s expertise in hyperautomation and document management space, having advised in the past months on the sale of Ciphix to Mentha Capital, and the sale of Memorix to Vitec Software Group, among others.

Niels van Weereld, CEO and co-founder of Metamaze, stated, “By joining forces, we can now capture the full potential of our platform and help companies navigate the power of AI for adaptive intelligent document processing, and streamline their working processes across the board. CFI has played an instrumental role throughout the process, working shoulder to shoulder to help us secure the best possible transaction for Metamaze, their shareholders and the long-term success of the business. Their experience, strong deal team, relationships, and deep sector knowledge were key. We look forward to writing the next chapter of our story with Michael, Danielle and the rest of the Duco team.”


This transaction was advised by:

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