Paoli-Based DuckDuckGo Receives $10 Million Investment

By

Duck Duck Go Gabriel Weinberg
Gabriel Weinberg, Founder and CEO of DuckDuckGo.

DuckDuckGo, the Paoli-based Internet search engine, is on the receiving end of a $10 million investment through a partnership with a large Canadian pension fund, writes Christian Hetrick for The Philadelphia Inquirer.

DuckDuckGo will partner with OMERS Ventures, the venture capital arm of the pension plan for Ontario’s municipal employees. OMERS, the Ontario Municipal Employees Retirement System, is one of Canada’s largest pension funds, with more than $95 billion in net assets.

OMERS Ventures will have a non-controlling share of DuckDuckGo.

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DuckDuckGo is a Google competitor. Unlike Google, DuckDuckGo does not store or share user data. The company says it plans to use the investment to expand its global presence, specifically in Canada.

“We are hiring globally, better tuning our search engine results for local markets, and expanding the channels we use to market DuckDuckGo to have more of a global focus,” said DuckDuckGo CEO Gabriel Weinberg.

Since launching in 2008, DuckDuckGo has raised $13 million in capital. The only other institutional investor is New-York-based Union Square Ventures.

Read more about DuckDuckGo in The Philadelphia Inquirer by clicking here.

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