Outbrain has closed a new round of funding of US$35 million, bringing its total financing to US$99 million, the content discovery platform announced today.
The company revealed HarbourVest taking the lead in the round with participation from Outbrain's existing investors Carmel Ventures, Index Ventures, Gemini Israel Funds, GlenRock Israel, Rhodium, and Lightspeed Venture Partners and a new participant, Vintage Partners.
The company said it would use the new funding to continue its innovations in content discovery and expand its global business, which currently spans 13 offices.
"This investment comes at a pivotal moment in Outbrain's evolution. We've matured from an upstart content recommendation company to a key player in the content ecosystem and a trusted partner for the world's best brands and publishers," said Outbrain CEO Yaron Galai. "The team at HarbourVest will be an ideal partner for us as we move into our next phase of growth."
The company serves more than 100 billion organic and paid content recommendations per month and its links appear on the websites of the most trusted, recognised names in the industry, like CNN, ESPN, Le Monde, NBC News, The Guardian and The Telegraph.
In Asia, Outbrain serves a growing client base of over 80 premium publishers in Asia out of its regional headquarters in Singapore.
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