OpenX was founded in 2008 by Damon Reeve, Jason Fairchild, and Scott Switzer. In 2022, CEO John Gentry said that an IPO is not on the immediate horizon, yet he remained optimistic about the company's future, saying "We've got a lot we want to do, big areas we want to invest in." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
OpenX is a 100% cloud-based advertising technology company. Since 2012, the company has acquired LiftDNA, JumpTime, Mezzobit, and PubNation. The company has received more than $70 million in venture capital funding from investors including SharesPost Investment Management, Wavemaker Partners, Samsung Ventures, Accel, and Mitsui Global Investment. According to a company press release, OpenX generated $172 million in 2017 revenue, and "has grown for 10 consecutive years and has been profitable for four straight." OpenX is estimated to have a post-money valuation between $100 million and $500 million.
| Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
|---|---|---|---|---|---|---|
| 02/26/2013 | Series E | $25.01MM | $xx.xx | $428.1MM | Accel Partners, Index Ventures, Localglobe, Mitsui Global Investment, Presidio Ventures, Samsung Venture Investments, Sap Ventures, Yet2ventures | |
|
Price per Share
$xx.xx
Shares Outstanding
22,257,931
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Accel Partners, Index Ventures, Localglobe, Mitsui Global Investment, Presidio Ventures, Samsung Venture Investments, Sap Ventures, Yet2ventures
|
||||||
| 05/31/2011 | Series D | $19.73MM | $xx.xx | $208.66MM | Accel Partners, Aol Ventures, Dag Ventures, Index Ventures, Mitsui Global Investment, Presidio Ventures, Sap Ventures, Several Individual Investors | |
|
Price per Share
$xx.xx
Shares Outstanding
28,252,517
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Accel Partners, Aol Ventures, Dag Ventures, Index Ventures, Mitsui Global Investment, Presidio Ventures, Sap Ventures, Several Individual Investors
|
||||||
| 05/26/2009 | Series C | $10.4MM | $xx.xx | $72.6MM | Accel Partners, Dag Ventures, First Round Capital, Index Ventures, Mangrove Capital, Spark Ventures, Wavemaker Partners | |
|
Price per Share
$xx.xx
Shares Outstanding
28,260,870
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Accel Partners, Dag Ventures, First Round Capital, Index Ventures, Mangrove Capital, Spark Ventures, Wavemaker Partners
|
||||||
| 01/16/2008 | Series B1 | $15.5MM | $xx.xx | $48MM | Accel Partners, First Round Capital, Index Ventures, Mangrove Capital Partners, O'Reilly Alphatech Ventures | |
|
Price per Share
$xx.xx
Shares Outstanding
48,226,536
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Accel Partners, First Round Capital, Index Ventures, Mangrove Capital Partners, O'Reilly Alphatech Ventures
|
||||||
| 01/16/2008 | Series B2 | $4MM | $xx.xx | $48MM | Undisclosed Investors | |
|
Price per Share
$xx.xx
Shares Outstanding
12,432,385
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Undisclosed Investors
|
||||||
| 06/13/2007 | Series A | $4.59MM | $xx.xx | $6.5MM | Aol Ventures, Bowery Capital, First Round Capital, Mangrove Capital Partners, O'Reilly Alphatech Ventures, Vast Ventures | |
|
Price per Share
$xx.xx
Shares Outstanding
45,535,715
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Participating
Participation Cap
1000
Key Investors
Aol Ventures, Bowery Capital, First Round Capital, Mangrove Capital Partners, O'Reilly Alphatech Ventures, Vast Ventures
|
||||||
| Last Funding Round | ||||||||
|---|---|---|---|---|---|---|---|---|
| Company | Forge Price | Forge Price Change 5 | Last Closed Trade | Share Class | Post-Money Valuation | Price per Share | Amount Raised | |
 | Anduril | $42.52 | +42.78% | $xx.xx | Series G | $28B | $xx.xx | $2.58B |
 | Cerebras | $28.78 | -0.14% | $xx.xx | Series F-1 | $2.87B | $xx.xx | $420MM |
 | Discord | $239.72 | +6.61% | $xx.xx | Series I | $15.2B | $xx.xx | $500MM |
 | Klarna | $37.31 | +21.02% | $xx.xx | Unknown | -- | -- | -- |
 | Kraken | $22.43 | +0.4% | $xx.xx | Series B | $5.52B | $xx.xx | $52.5MM |
 | Figure | $5.76 | +7.87% | $xx.xx | Series D | $3.33B | $xx.xx | $220MM |
 | Liquid Death | $9.00 | -6.25% | $xx.xx | Series F-1 | $1.4B | $xx.xx | $67.61MM |
 | Figma | $38.00 | +0.03% | $xx.xx | Series E | $10B | $xx.xx | $200MM |
 | Circle | $30.00 | +17.65% | $xx.xx | Series F | $8.05B | $xx.xx | $401MM |
 | Chime | $31.50 | +0.8% | $xx.xx | Series G | $24.93B | $xx.xx | $1.1B |
Updated on: May 8, 2025
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