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OpenWeb

38 Greene St, New York, 10013, United States

Overview

OpenWeb provides a B2B2C platform that powers end-to-end user experiences, including user activation and management, first-party data aggregation and management, AI moderation, and social experiences. Its proprietary technology is used by top publishers such as The New York Times, Hearst, Yahoo!, Penske Media Corporation, and News Corp. The company works with more than 1,000 top-tier publishers and hosts over 100 million active users each month. OpenWeb has more than 265 employees across New York City, Tel Aviv, Kiev, San Diego, Canada, London, and Paris. The business partners directly with publishers and brands to build and monetize communities rooted in conversations. It plans to use recent funding to continue expanding, pursue new publishers and advertisers, and develop innovative partnerships and applications. OpenWeb provides a technology platform that enables publishers to build direct relationships with their audiences. Led by co-founder and CEO Nadav Shoval, the company was founded in 2012 and is headquartered in New York City with teams in Tel Aviv and Kiev. OpenWeb works with more than 1,000 top-tier publishers, including Hearst, Yahoo!, Penske Media Corporation, and News Corp., and hosts more than 100 million active users each month. The company has over 150 employees across its offices. OpenWeb plans to expand its global presence with new offices in Canada, the APAC (China) region, and the EMEA region, and to explore strategic acquisitions to enhance its product offerings. Financially, the company has raised capital to support growth and scale its platform. Spot.IM started as a commenting platform and is expanding into a broader community platform that includes commenting, moderation, community pages and tools to highlight and monetize user-generated content. The company positions these tools as ways for publishers to focus on loyal readers rather than transient users. Spot.IM provides data to help publishers understand user behavior and value; the CEO said that for some publishers a Spot.IM user delivers five times the lifetime revenue of a non-Spot.IM user. Customers mentioned include Hearst, Refinery29, Fox News, Engadget and AOL.com. The company has attracted institutional capital and remains venture-backed, having raised a total of $63 million to date. Leadership changes announced alongside the funding include the appointment of Itzik Ben-Bassat as president and a member of the board. Spot.IM builds a comments and community platform for publishers, aiming to keep readers on-site and increase advertising revenue. Its clients include Time Inc., NBC, HuffPost and Engadget. The company offers additional ad units and operates on a revenue-share model with media partners. Spot.IM uses machine learning to moderate comments, removing illicit content and spam. CEO Nadav Shoval says the company provides technology “like a social network” and aims to build communities across the open web. Spot.IM plans to invest in R&D and hiring and is preparing to launch a major new platform. Spot.IM provides a social engagement platform that lets digital publishers curate their communities' social interactions and keep ad revenue rather than ceding it to third-party social networks. The company partners with publishers to encourage organic site engagement and claims to enable over 3 billion monthly page views. Spot.IM works with 4,600 active sites and serves more than 300 million unique monthly users for its media partners. Its publisher customers include News Corp., Meredith Corporation, Time Inc.’s The Drive, Little Things and Advertising Age. Founded in 2012 by Nadav Shoval and Ishay Green and based in New York, Spot.IM intends to use new funding to expand R&D, hire additional staff, and further disrupt the online publishing industry by building capabilities that foster social interactions within partners' communities.

Total raised
$383M
Funding rounds
5
Latest round
Series F
Latest activity
Oct 2022

Industries

  • Internet
  • Machine Learning
  • Online Forums
  • Publishing
  • Social
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Recent funding

  1. Series F

    Oct 2022

    $170M

  2. Series E

    Nov 2021

    $150M

  3. Series D

    Apr 2019

    $25M

  4. Series C

    Nov 2017

    $25M

  5. Series A

    Aug 2016

    $13M

Team