• by Ray Schultz , October 30, 2022

OpenWeb, an engagement and ad platform used by publishers, has raised $170 million in Series F funding, bringing its total valuation to $1.5 billion. 

The round was led by Georgian.

The financing will support the company's continued expansion. The company recently acquired the ad platform ADYOULIKE for $100 million.

OpenWeb’s technology is used by the world's The New York Times, Hearst, Yahoo!, Penske Media Corporation, News Corp. and other major publishers. 

The firm’s mission is to “combat toxicity and create healthier, open spaces for conversations that move society forward," states Nadav Shoval, co-founder and CEO of OpenWeb. 

Margaret Wu, lead investor at Georgian, adds "As publishers and advertisers search for trusted, quality alternatives to the 'walled gardens' of social media, we saw an opportunity to collaborate with OpenWeb to create quality social environments for brands that deliver personalized advertising at-scale."