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New Deal


Announced

Completed

Georgian led a $170m Series F round in OpenWeb.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For11%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

social media content

online platform

Online and Social Platforms

Minority

Domestic

Acquisition

Private

Completed

Venture Capital

United States

Single Bidder

Private Equity

Synopsis

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Georgian, a fintech company investing in high growth technology companies, led a $170m Series F round in OpenWeb, a social engagement platform that builds online communities around digital content. "This investment represents an incredible show of confidence in the mission we have set for ourselves: To combat toxicity and create healthier, open spaces for conversations that move society forward. There is a paradigm shift happening right now in the media, and we have the opportunity to drive major changes in how people communicate with one another in virtual spaces, as well as how publishers and advertisers form and maintain lasting relationships with their audiences. OpenWeb is delivering the building blocks for the future of online networks," Nadav Shoval, OpenWeb CEO.

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