Namogoo, which offers solutions designed to prevent customer journey hijacking online, has raised $40 million in a Series C funding round. Led by Oak HC/FT along with existing investors GreatPoint Ventures, Blumberg Capital, and Hanaco Ventures, this round brought the company’s total funding to $69 million. Additionally, Matt Streisfeld, Partner at Oak HC/FT, will join the Namogoo Board of Directors.
The solution provider will use the funding to expand client-side platform offerings, including the launch of its Customer Privacy Protection solution. This solution mitigates against customer privacy risks associated with third- and fourth-party vendors running on company applications.
The Namogoo platform is used by more than 150 global brands in more than 38 countries, including TUMI, Asics, Argos, Dollar Shave Club, Tailored Brands and Upwork. Namogoo has expanded its staff and its Partner Program, which includes technology leaders Microsoft, SAP and Salesforce.
“With businesses investing more than ever in technologies to optimize their web site, improve functionality and tailor their users’ experience, ensuring that these digital investments are delivered as intended and free of risks and disruptions has never been more challenging,” said Chemi Katz, Co-Founder and CEO of Namogoo in a statement. “This significant financing round enables us to further invest in the growth of our global team and expand to new markets and geographies, helping us fulfill our vision of eliminating Digital Chaos and providing enterprises unprecedented control of their digital properties.”