The round was led by New York-based global private equity and venture capital firm Insight Partners and Georgian Partners. Technology investor Omer Cygler, Harel, and Entrée Capital also participated in this round. Additionally, the round was joined by the company's first strategic investors, including The New York Times Company, Dentsu and Samsung Next, as well as individual investor Professor Scott Galloway, who has joined the company's Board of Directors. The round, which valued the company at over $1B, propels OpenWeb to unicorn status.

OpenWeb's mission is to improve online conversation. As a product company, OpenWeb partners with publishers and brands to build strong, direct relationships with their audiences. OpenWeb's technology empowers its partners to build vibrant communities rooted in healthy conversations and robust social experiences. OpenWeb works with more than 1,000 top-tier publishers, hosting more than 100 million active users each month.