OpenWeb, a NYC-based premium community engagement platform, raised $170M in Series F funding.
The round, which was led by Georgian, brings its total valuation to $1.5 billion.
The company intends to use the funds for continued expansion as it grows from 100+ million active monthly users and pursues new publishers, more advertisers, innovative partnerships, and applications.
Led by Nadav Shoval, co-founder and CEO, OpenWeb partners with publishers and brands to build direct relationships with their audiences. The technology empowers its partners to build communities rooted in conversations and social experiences. OpenWeb’s B2B2C platform is designed to power end-to-end user experiences with user activation and management, first-party data aggregation and management, AI moderation, and social experiences. The company’s proprietary technology is used by the world’s top publishers, including The New York Times, Hearst, Yahoo!, Penske Media Corporation, and News Corp.
The company, which works with more than 1,000 top-tier publishers, hosting more than 100 million active users each month, has over 265 employees in New York City, Tel Aviv, Kiev, San Diego, Canada, London, and Paris, and is backed by investors including Insight Partners, Entrée Capital, The New York Times, Samsung Next, Dentsu, and ScaleUp.
FinSMEs
27/10/2022