Outbrain Closes $5M A-Round Investment by Gemini, Lightspeed, and GlenRock

Feb 26, 2008

Outbrain Inc. has announced the closing of a $5M A-round investment led by Gemini Israel Funds (www.gemini.co.il) and Lightspeed Venture Partners (www.lightspeedvp.com). GlenRock Israel (www.grg.co.il), Leon Recanati's investment company, which backed Outbrain since its inception, also participated in the round. Outbrain is a platform for ratings and recommendations of blog, news, and RSS content. Bloggers and publishers can use Outbrain's free widget or API to provide readers with rating functionality and personalized reading recommendations. The widget can be installed with one click, and most leading blogging/RSS platforms are supported: Blogger.com, TypePad, WordPress.org, Drupal, FeedFlare, MoveableType, and others. Thousands of websites have already installed the Outbrain widget, and millions of ratings and recommendations are being served by Outbrain daily. Outbrain was founded by Yaron Galai, Co-Founder of Quigo, which was recently acquired by AOL, and Ori Lahav who previously headed R&D teams at Shopping.com. Outbrain was one of the first companies to be backed by the Lightsped/Gemini Internet Lab (LGiLab- www.lgilab.com), which is dedicated to making seed investments in early-stage, Israel-related internet startups. Following the investment, Daniel Cohen from Gemini, Yoni Cheifetz from Lightspeed and Ziv Kop from GlenRock, will be joining Outbrain's board of directors. Outbrain is headquartered in New York City, with its R&D based in Israel.