OpenWeb raises USD170 million, at USD 1.5 billion valuation

Categories: Hi-Tech

Israeli start-up OpenWeb has raised USD 170 million in a Series F financing – led by Georgian – valuing the company at USD 1.5 billion. To date, the company has raised USD 393 million in funding.

OpenWeb has developed a community engagement platform for a healthier open web, and has increased its valuation despite the present crisis in the tech sector.

Herzog acted for the company in the transaction, led by Yair Geva, Dafna Amster Kahn, Lior Katz, together with associates Dor Marinovsky and Tal Azriel.