Exclusive: Backed by NYT, OpenWeb becomes a tech unicorn
Axios | November 9, 2021
OpenWeb, a platform used by publishers to manage comments and user interactions, has raised $150 million in a series E financing round that values the company at $1.1 billion, its CEO and co-founder Nadav Shoval tells Axios.
The round was led by investment firms Insight Partners and Georgian.
Other investors that participated in the round include tech investor Omer Cygler, Israeli-based investment group Harel, and Entrée Capital.
The company also brought in its first set of strategic investors to participate in the round, including The New York Times Company, ad giant Dentsu, Samsung Next and media personality Scott Galloway.Read Article