OpenWeb, a NYC-based premium audience relationship platform, raised $150M in Series E funding.
The round, which valued the company at over $1 Billion and brought total funding raised to date to $223m, was led by Insight Partners and Georgian Partners with participation from Omer Cygler, Harel, and Entrée Capital, strategic investors 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 team will use the funds to expand its global presence with new offices in Canada, the Asia-Pacific China (APAC) region, and the Europe, Middle East, Africa (EMEA) region and explore strategic acquisitions to enhance its product offerings.
Led by Nadav Shoval, co-founder and CEO, OpenWeb provides a technology platform for publishers to build direct relationships with their audiences. The company works with more than 1,000 top-tier publishers, , including Hearst, Yahoo!, Penske Media Corporation, and News Corp., 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.