Ongo Inc. is developing an online platform that aggregates and presents digital news and information from a variety of publishers in a single, consumer-friendly experience. The service is designed to let users read and share articles seamlessly across multiple outlets. The company plans to introduce the product before the end of the year. Ongo is led by founder and CEO Alex Kazim, whose nine-year tenure at eBay included heading Skype, leading new ventures, and overseeing marketing and business operations for PayPal. To finance its launch and product development, the company has secured $12 million in initial funding from three major newspaper companies. No user, revenue, or growth metrics have yet been released. The fresh capital positions Ongo to finalize development and execute its go-to-market strategy.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2010