Ongo Collects $12M

Ongo, a Cupertino, CA-based stealth-mode startup that says it will soon launch “a consumer service for reading and sharing digital news and information from multiple publishers,” announced yesterday that it has raised $12 million in financing from strategic backers Gannett Company (NYSE: GCI), The New York Times Company (NYSE: NYT), and The Washington Post Company (NYSE: WPO). According to a story today in Dow Jones VentureWire, Ongo’s founder and CEO is Alex Kazim, who formerly held several positions inside eBay: president of the Skype division, senior vice president of  new ventures, and head of marketing and business operations PayPal.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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