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Shoval's messy battle with the board goes publicTensions boiled over in mid-2024 when OpenWeb's board changed Shoval's reporting line, a move he felt breached his contract. Then the company announced to staffers that Shoval would be replaced with an interim CEO, OpenWeb's former chairman Tim Harvey. AdvertisementShoval made his dispute with the OpenWeb board public by posting on LinkedIn in October. His complaint argued that he should be reinstated as CEO and able to appoint two new board directors of his choosing. Kimberly White/Getty Images for TechCrunchShoval maintains that OpenWeb board meetings and decisions were conducted improperly and that he still has the right to appoint two new board directors of his choosing.
Persons: Nadav Shoval, Shoval, podcaster Scott Galloway, Tim Harvey, OpenWeb, Ariel Zimmerman, he's, Kimberly White, TechCrunch Shoval, Omer Cygler, — Galloway, Cygler —, Scott Galloway, cohost Kara Swisher, Andrew Harnik, it's Organizations: BI, BlackRock, Insight Partners, Georgian Partners, New York Times, NYU Stern, LinkedIn, Tel, New, Israel Defense Forces, Maglan, TechCrunch, Big Tech, Fox News, CNN, Yahoo, Lion Investments Locations: Shoval, OpenWeb, BlackRock, Tel Aviv, New York, New York City, San Francisco
Open Web Technologies Ltd., which helps publishers engage readers and target them with ads, raised $170 million in a Series F round led by Canadian venture firm Georgian Partners, the company said. The new round values OpenWeb at $1.5 billion, up from $1 billion in its previous round, according to the company. It later expanded its services to include live-blogging, polling and data-management tools, as well as the placement of ads across publishers’ sites. OpenWeb counts more than 1,000 publishers as clients, most of which are based in North America, Mr. Shoval said. The company also focuses on content-moderation services to help protect both publishers and readers from harassment, hate speech and offensive content.
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