Openweb Raises $150 Million In Series E To Improve Online Conversations, Support Cookieless Web

Nov 09, 2021•over 3 years ago

Amount Raised

$150 Million

Round Type

series e

Description

OpenWeb, the premium audience relationship platform, today announced a $150M Series E funding round, led by New York-based global private equity and venture capital firm Insight Partners and Georgian Partners. Technology investor Omer Cygler, Harel, and Entrée Capital also participated in this round. Additionally, the round was joined by the company's first strategic investors, including The New York Times Company, Dentsu and Samsung Next, as well as individual investor Professor Scott Galloway, who has joined the company's Board of Directors. The round, which valued the company at over $1B, propels OpenWeb to unicorn status.

Company Information

Company

Open Web

About

OpenWeb's mission is to improve online conversation. As a product company, OpenWeb partners with publishers and brands to build strong, direct relationships with their audiences. OpenWeb's technology empowers its partners to build vibrant communities rooted in healthy conversations and robust social experiences. OpenWeb works with more than 1,000 top-tier publishers, hosting more than 100 million active users each month. Founded in 2012, OpenWeb has over 150 employees in New York City, Tel Aviv, and Kiev and is backed by world-class investors including Insight Venture Partners, Georgian, Entrée Capital, AltaIR Capital, New York Times, Samsung Next, Dentsu, Norma Investments, and ScaleUp. To date, the company has raised $223 million in funding and is currently valued at over $1 billion. To learn more about OpenWeb's platform visit OpenWeb.com, or follow @OpenWebHQ on LinkedIn and Twitter.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech