Cyber insurance startup Coalition acquires privacy assistant Jumbo

Coalition, a San Francisco cybersecurity startup, is buying Jumbo, a mobile app for web privacy. It’s time to finish Jumbo.

Jumbo’s app won’t be updated, but the deal’s terms are unknown. The app will close next year, but users can export social media archives or 2FA codes.

Coalition isn’t necessarily adding a consumer-focused app or using Jumbo’s user base. It’s buying a privacy and security-focused team. I was told this deal is a small acqui-hire.

Coalition offers proactive cybersecurity insurance. To prevent cyberattacks, the company monitors a company’s digital footprint.

Coalition scans domain names, IPs, and ports to identify potential attack vectors, such as a publicly accessible remote desktop port. It also analyzes third-party data breaches to predict phishing attacks.

Jumbo’s main feature was a privacy dashboard for Facebook, LinkedIn, Google Maps, and Instagram.

The app could delete and archive social media posts, remove YouTube search history, and set LinkedIn privacy settings. Jumbo managed online accounts without APIs. Instead, it background-loaded pages and used Javascript to interact with online services.

Jumbo was also secure. The app could see if your Google and Facebook accounts had two-factor authentication when it loaded their settings pages. Thus, Jumbo could be your authenticator app for two-factor authentication.

Jumbo checked online databases for data breaches of your phone number, email address, password, and address.

Jumbo now offers U.S. identity theft insurance with IdentityForce. After realizing it couldn’t be a sustainable business model, it removed the paid subscription. Jumbo considered a B2B app and service, but it never happened.

Thrive Capital’s Josh Miller and Nextview Ventures’ Rob Go led Jumbo’s 2018 $3.5 million seed round. Balderton Capital led a $8 million round in 2019 and 2020. Sunrise, Pierre Valade’s previous startup, was funded by the firm. Index Ventures led the company’s $17 million round last year at a $77 million post-money valuation.

Coalition has raised billions. The company raised $250 million in its most recent Series F funding round at a $5 billion valuation.