Jumbo, a privacy management app that launched in April 2019, just announced it’s raised $8 million in Series A funding.
The round was led by Balderton Capital and investors include Roger McNamee, former adviser to Facebook CEO Mark Zuckerberg and now an outspoken critic of the social media giant.
McNamee told BI he was impressed by Jumbo’s efforts in helping consumers navigate the “jungle” of internet companies.
Jumbo has rolled out a major update to its app to accompany the round, adding paid subscriptions as an option for users.
Article Source: BusinessInsider