Content discovery platform Outbrain has announced funding of $35 million (£22.5 million) led by Index Ventures which brings its total funding to $64 million (£41.2 million).
Content discovery platform Outbrain has announced funding of $35 million (£22.5 million).
The funding round led by Index Ventures also had contributions from existing investors Carmel Ventures and Lightspeed Venture Partners. Outbrain’s service helps online publishers recommend additional content to their site’s readers.
The funding brings Outbrain’s total financing to $64 million. The company has announced that Index Ventures partner Dominique Vidal, previously CEO of Yahoo! Europe, will join Outbrain’s board of directors.
Outbrain CEO Yaron Galai says: ‘Index and Dominique Vidal’s deep understanding of our market, and global footprint, make them an ideal partner for us as we grow our business.
‘We are now poised to bring great content to audiences across the United States, Europe and the entire world.’
New Outbrain board member Dominique Vidal is optimistic about the future. He says: ‘Outbrain is an attractive addition to Index’s portfolio and the company’s top priority, to help users discover great content, has put it in a leading position in the market.’