NEWS4 November 2019

Namogoo secures $40m investment

Middle East and Africa News North America Privacy Technology UK

ISRAEL – User privacy company Namogoo has raised $40m in Series C funding led by Oak HC/FT.

Namogoo’s client-side technology platform prevents advertising injections from being shown to companies’ online customers with the aim of diverting them to competitors.

As part of the Series C funding, Matt Streisfeld, partner at Oak HC/FT, will join Namogoo’s board of directors.

Namogoo will use the funding to expand its platform, firstly by launching a customer privacy protection tool that detects privacy risks associated with third- and fourth-party vendors.

Users of the platform include Asics, Argos and Dollar Shave Club. The company has offices in Boston, Israel and London.

Chemi Katz, co-founder and chief executive of Namogoo, said: "This significant financing round enables us to further invest in the growth of our global team and expand to new markets and geographies."