Outbrain, a New York-based company operating a content discovery platform, has closed a $35m Series D funding.
The round, which brings the total amount raised by the company to date to $64m, was led by Index Ventures, with participation from existing investors Carmel Ventures and Lightspeed Venture Partners.
Outbrain intends to use the capital to accelerate its product line while further investing in business development and global expansion. The company is also hiring (http://www.outbrain.com/jobs)
Founded in 2006, and led by CEO and co-founder Yaron Galai, Outbrain provides publishers with a service for recommended links to increase traffic and generate revenue. It distributes content on top publisher sites, including CNN, Fox News, Future Publishing, Hearst, Hachette Filipacchi Media, IPC, Mashable, MSNBC, Reuters UK, Sky News, Slate, Trinity Mirror and Ziff Davis. In February 2011, the company acquired content recommendation platform Surphace (formerly known as Sphere).
In conjunction with the funding, Dominique Vidal, partner at Index Ventures, will join Outbrain’s Board of Directors.
The company also has offices in London, San Francisco, Chicago, Washington, DC, Paris, Hamburg and Netanya, Israel (R&D).
FinSMEs
14/12/2011