Outbrain raises $12 million in new investment roundIsraeli blog content rating start-up Outbrain has just raised $12 million in a round led by Carmel Ventures, US-Israeli equity fund Rhodium, and angel investor Zohar Gilon.
Outbrain’s current investors, Lightspeed Ventures, Gemini Israel Funds, and GlenRock Israel also participated in the round.
Outbrain was founded in 2006 by serial entrepreneur Yaron Galai, the founder of Quigo Technologies, which was acquired for $340m. in 2007 by America Online.
Galai, Outbrain’s CEO, said the new funding round would enable the company to increase its market share, and improve its service to blogs and sites.