Connect with us

Hi, what are you looking for?

Jewish Business News

Business

OpenWeb Buys Jeeng for $100 Million

OpenWeb

OpenWeb co-founders Nadav Shoval and Roee Goldberg with ADYOULIKE co-founders Julien Verdier, Yohan Elmaalem, Francis Turner, and Dale Lovell (company pic)

OpenWeb, an Israeli startup and a unicorn that develops an audience relationship platform, acquired the proprietary audience management platform Jeeng for $100 million.OpenWeb hit unicorn status last October when the company raised $170 million in a Series F funding round that left the company with a valuation of $1.5 billion.

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.

Founded in 2010, Jeeng, formerly PowerInbox, provides personalized, automated and multichannel messaging solutions allowing publishers to drive new revenue with personalized audience engagement and supports 150 million unique monthly visitors and over 650 publishers, including VICE Media, The Atlantic, Crain’s, HarperCollins, and Vox Media. Jeeng boasts that it allows publishers can better own and optimize their audiences – focusing on automated, cross-channel messaging tailored to audience interest, easily managed and supported by a dynamic messaging platform.

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 office@jewishbusinessnews.com.
Thank you.

“This acquisition brings us closer to our goal of ‘OpenWeb Everywhere,’ giving brands and publishers the ability to communicate with hundreds of millions of users across every online platform they encounter – messaging, email, notifications, newsreaders, interactive conversations and more,” said Nadav Shoval, CEO and co-founder of OpenWeb. “With the demise of third-party cookies, collapsing trust in social media, and the segmentation of online audiences, publishers and advertisers need to talk to their users one-on-one, in a personalized way. With Jeeng’s capabilities, we can continue to build and strengthen those individual relationships.”

“Users are bombarded with messages directed at them online every day, and publishers need a way to break through that noise and deliver curated content,” said OpenWeb CFO Haim Sasson. “This unified company will be the definitive partner for publishers and advertisers to move away from the walled gardens of social media and establish more thoughtful, more secure connections with audiences.”

“OpenWeb and Jeeng are the perfect fit as we share the same vision,” said Jeff Kupietzky, CEO of Jeeng. “OpenWeb is leading the industry in cultivating innovative, safe, and Web3-ready decentralized social experiences. Jeeng has excelled at providing personalized, automated communications with built-in monetization. Together, we’re forming a hyper-targeted and first-party data-rich 360 degree experience.”

Newsletter



Advertisement

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...

Entertainment

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

Travel

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.

Copyright © 2021 Jewish Business News