Outbrain raises $200 million ahead of its IPO

Outbrain raises $200 million ahead of its IPO

3 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/07/07/outbrain-raises-200-million-ahead-of-its-ipo/

Outbrain, an adtech company that provides clickbait ads below news articles, has raised $200 million in funding — Outbrain didn’t disclose the valuation of the company for this deal. The Baupost Group is investing in the company — it’s a Boston-based hedge fund. Outbrain filed for an initial public offering just last week. Today’s funding round should be the last traditional private investment round before going public.

If you’re not familiar with Outbrain, you may have seen its content recommendation widgets on popular news websites, such as CNN, Le Monde and The Washington Post. They mostly feature sponsored links that lead to third-party websites.