OpenWeb raises $150 million to earn unicorn status

Israeli startup OpenWeb has raised $150 million in a Series E led by Insight Partners and Georgian. Other investors that participated in the round include tech investor Omer Cygler, Israeli-based investment group Harel, and Entrée Capital. Additional strategic investors participated in the round, including The New York Times Company, ad powerhouse Dentsu, Samsung Next and Scott Galloway, who will also join the company’s board.

The Israeli company formerly named Spot.IM was valued at $1.1 billion in the Series E, of which $20 million will be allocated to secondary deals.