Connect with us

Hi, what are you looking for?

Jewish Business News


OpenWeb Buys Hive Media Group for $60 Million


OpenWeb team. (Photo OpenWeb)

OpenWeb, an Israeli startup that develops an audience relationship platform, has acquired Hive Media Group, a U.S. digital publisher and engagement platform, for $60 million.

OpenWeb certainly has the cash on hand for such an acquisition. The company
Raised 150 million in Series E financing round led by Insight Partners and Georgian Partners last November. That raise put OpenWeb into the coveted unicorn club, a startup with a $1 billion or higher valuation. OpenWeb has raised $220 million to date.

Founded in 2016 by Daniel Sagis, Guy Yeshua and Stacy Abraham, Hive Media develops ad-tech and publishing technologies capable of collecting and analyzing real-time user data. Hive Media Group’s technology powers over 50 million sessions per month across dozens of web properties.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Founded in 2012 by CEO Nadav Shoval and originally called Spot.IM, COO Roee Goldberg and Ishay Green, OpenWeb helps publishers gain independence from traditional social media by “fueling millions of high-quality conversations” across thousands of communities with more than one hundred million monthly users. OpenWeb boasts that its platform offers engagement and conversion funnels that turn casual readers into a community of loyal, active, registered users.

“We are thrilled to welcome Hive Media to the OpenWeb team,” said Nadav Shoval, CEO and co-founder of OpenWeb. “Right now, publishers are looking for the best technology available to improve revenue and own the relationships with their audiences. With this acquisition, we’re doubling down on these efforts, building even greater capacity for innovation and value to our publishing partners, who aim to have more connection with their audiences.”

“We have known and admired OpenWeb and their leadership team for many years,” said Guy Yeshua, at Hive Media Group. “Our missions are aligned—coming together only makes our efforts to improve digital experiences for publishers and users that much stronger. As we forge a new path together with OpenWeb, we look forward to creating new, powerful tools that empowers publishers.”



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.