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OpenWeb

20 stories about OpenWeb
עו"ד אהוד גינדס

OpenWeb struggles to pay employees and suppliers as rescue hangs in the balance

13.10.26|Meir Orbach
Liquidity Capital has collected $9.6 million against a roughly $20 million debt, prompting the company’s trustee to seek a halt to collections as Insight Partners, Georgian and other investors consider fresh funding.
עו"ד אהוד גינדס

OpenWeb placed under temporary trustee as former $1.5 billion unicorn fights for survival

04.10.26|Meir Orbach
The court appointed Adv. Ehud Gindes after the company’s dispute with its primary lender escalated over approximately $20 million in secured debt.
צוות OpenWeb

OpenWeb came close to a deal that could have saved it. Then the talks collapsed

04.10.26|Meir Orbach
A proposed agreement would have given the Israeli company access to frozen funds and bought it time to restructure, but the deal was never signed as the standoff with its lender intensified.
נדב שובל על רקע לוגו OpenWeb

OpenWeb placed under temporary receivership over $20 million debt

30.09.26|Meir Orbach
The District Court ordered the immediate appointment of a temporary receiver following a request from lender Mars Growth Capital to enforce its liens.
נדב שובל על רקע לוגו OpenWeb

How OpenWeb went from a $1.5 billion unicorn to seeking insolvency protection

29.09.26|CTech
The Israeli startup raised nearly $400 million and spent $260 million on acquisitions as it expanded from comment moderation into advertising and audience monetization. Now it is fighting for time to restructure.
צוות OpenWeb

OpenWeb seeks insolvency protection as former Israeli unicorn faces cash-flow crisis

28.09.26|Meir Orbach
The company says a lender's seizure of $7.3 million in overseas bank accounts derailed a planned $14 million capital injection.
נדב שובל על רקע לוגו OpenWeb

OpenWeb CEO dispute ends with Shoval stepping down and accepting advisory role

18.02.25|Sophie Shulman
After a legal battle with the board and investors, Nadav Shoval agrees to step down as CEO of OpenWeb, taking on a senior advisory position instead. 
נדב שובל לשעבר מנכל וממייסדי OpenWeb

OpenWeb founder’s attempt to regain CEO role fails in court

12.11.24|Sophie Shulman
The judge cites a concealed resignation letter and confirms the board acted within its rights. 
נדב שובל על רקע לוגו OpenWeb

“How many times does a board have to tell a CEO his services are no longer needed?”: OpenWeb counters Shoval’s lawsuit

20.10.24|Sophie Shulman
Board claims Shoval refuses to accept dismissal, accusing him of prioritizing personal financial gains. 
נדב שובל על רקע לוגו OpenWeb

OpenWeb turmoil: Jeff Horing's role in ousting CEO Nadav Shoval reveals the unicorn industry's dark underbelly

09.10.24|Sophie Shulman
As Shoval battles his removal in court, the case highlights the shifting power dynamics between startup founders and influential investors. 
נדב שובל על רקע לוגו OpenWeb

Ousted OpenWeb founder launches legal fight, says board illegally removed him

08.10.24|Sophie Shulman
Nadav Shoval’s lawsuit accuses Insight Partners and other shareholders of orchestrating his ouster, claiming secret meetings and unlawful decisions led to his dismissal as CEO. 
נדב שובל על רקע לוגו OpenWeb

Unicorn OpenWeb announces new CEO, but founding CEO refuses to step down

11.09.24|Sophie Shulman and Meir Orbach
Board chairman Tim Harvey notified the employees that he will be taking charge as CEO, but founder Nadav Shoval replied by saying he's not going anywhere. “The board has falsely stated that I am stepping out of my role as CEO. Let me be clear: that is not true and not my intent.” 
Moran Amplefields

“Corporations and investors recognize Israel’s value as a technology and innovation powerhouse.”

15.04.24|James Spiro, Elihay Vidal
Moran Chamsi, Managing Partner and Co-founder at Amplefields Investments, joined CTech to discuss the state of the Israeli VC space in 2024.
Rob OpenWeb

OpenWeb appoints Rob Meadows as Chief Technology Officer

20.12.23|CTech
“There are few voices in the field of artificial intelligence more respected than Rob Meadows, and we're thrilled that he will be bringing that expertise and dedication to ethical AI to OpenWeb,” said Founder and CEO Nadav Shoval.
OpenWeb co-founders

OpenWeb acquires audience management platform Jeeng for $100 million

26.01.23|CTech
The Israeli-founded unicorn, which raised $170 million at a $1.5 billion valuation three months ago, completed its third acquisition in a year, taking its total spending to $260 million
OpenWeb co-founders

OpenWeb raises $170 million Series F at $1.5 billion valuation

27.10.22|Meir Orbach
The Israeli startup, which has developed a community engagement platform for a healthier open web, increased its valuation despite the crisis in tech
משרדי סייבריזן עובדים

Uni-cuts: Why even unicorns with plenty of cash are making significant cuts

21.06.22|Meir Orbach
Unicorns like Trax, Cybereason and OpenWeb, which raised hundreds of millions of dollars last year, have announced the layoff of dozens of workers in recent days. The reasons: maintaining the cash in their coffers, keeping the company’s investors calm and retaining talents
צוות AVO

Six reasons why high-tech companies are laying off employees

19.06.22|Meir Orbach
Israeli high-tech is alive and kicking, and the demand for manpower remains great. But after years of money flowing like water and hiring sprees, the industry is tightening its belt. Calcalist examines the reasons that led companies to lay off employees - from investor pressure to a change in business direction - to understand where the trend is heading
נדב שובל על רקע לוגו OpenWeb

Unicorn OpenWeb undergoing organizational change, management to move to US

15.06.22|Meir Orbach
The company, which has developed technology to improve online discourse, joins the wave of layoffs in high-tech, with 14 R&D employees - about 10% of the workforce, to leave. At the same time, OpenWeb will hire other employees in the US
OpenWeb ADYOULIKE

OpenWeb acquiring advertising platform ADYOULIKE for $100 million

12.04.22|Meir Orbach
ADYOULIKE was launched in Paris in 2011 and works with over 4,000 brands, agencies, and publishers including The Guardian, Reach, Prisma Media, and Groupe Marie-Claire
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