OpenWeb, an audience relationship platform, has raised $150 million in a Series E funding round, led by Insight Partners and Georgian Partners.
Technology investor Omer Cygler, Harel, and Entree 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.
OpenWeb’s technology is utilized by more than one thousand publishers, including Hearst, Yahoo!, Penske Media Corporation, and News Corp., to gain independence from traditional social media by fueling millions of high-quality conversations across communities with more than one hundred million monthly users.
The OpenWeb team will leverage this investment to create a safer, democratized alternative to existing social media platforms by empowering publishers and brands across verticals with tools to build first-party data relationships with their audiences.
OpenWeb plans to expand its global presence with new offices in Canada, the Asia-Pacific China region, and the Europe, Middle East, Africa (EMEA) region. The team is also exploring strategic acquisitions to enhance its product offerings.
