# Nadav Shoval

> Nadav Shoval is a New York-based Israeli-American entrepreneur, co-founder and former CEO of OpenWeb, now CEO of FlowMode and a co-founder of Project Omega. His career runs from publisher community tools and OpenWeb’s $1.5 billion 2022 valuation through a contested CEO departure, resolved in February 2025, to AI scheduling and nuclear fuel recycling ventures.

- **Role:** CEO at FlowMode; Co-Founder at Project Omega
- **Organizations:** OpenWeb (formerly Spot.IM), FlowMode, Project Omega, YPO
- **Nationality:** Israeli-American
- **Education:** Finance and Accounting for the Nonfinancial Executive (certificate), Columbia Business School Executive Education
- **Known for:** Co-founded OpenWeb and led it through its 2022 Series F, when cumulative funding was reported at $393 million., Forbes Israel Under 30 honoree, 2017., OpenWeb reported serving more than 1,000 publishers and 100 million monthly active users in October 2022.

## Career timeline

- **2012** — Co-founded Spot.IM, later renamed OpenWeb; contemporaneous 2020 and 2022 reporting dates the founding to 2012.
- **2014** — Publicly launched Spot.IM with Time Out after beta use on over 1,000 websites.
- **2017** — Named to Forbes Israel Under 30.
- **2020** — Spot.IM became OpenWeb in June; the company announced a Jigsaw collaboration study in September.
- **2021** — OpenWeb raised $150 million at a $1.1 billion valuation, with The New York Times Company participating.
- **2022** — OpenWeb raised a $170 million Series F at a $1.5 billion valuation.
- **2024** — OpenWeb announced Tim Harvey as CEO in September; Shoval contested his removal.
- **2025** — February settlement established a senior advisory role at OpenWeb; subsequently became CEO of FlowMode.
- **2026** — Project Omega emerged from stealth in February, announcing $12 million in seed funding.

## Achievements

- Co-founded OpenWeb and led it through its 2022 Series F, when cumulative funding was reported at $393 million.
- Forbes Israel Under 30 honoree, 2017.
- OpenWeb reported serving more than 1,000 publishers and 100 million monthly active users in October 2022.
- Co-founded Project Omega, which announced $12 million in seed funding in February 2026.

## Latest updates

- **2025-02** — OpenWeb announced a mutually agreed resolution and Shoval’s transition to senior advisor to its CEO.
- **2026-02** — Project Omega, co-founded with Stafford Sheehan, emerged from stealth with $12 million in seed funding.
- **2026-09** — OpenWeb sought insolvency protection, more than two years after announcing Shoval’s replacement as CEO.
- **2026-10** — FlowMode’s public team page lists Shoval as CEO; this is a verification date, not an appointment announcement.

## Links

- LinkedIn: https://www.linkedin.com/in/nadavshoval
- Twitter/X: https://x.com/nadavshoval

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Profile page: https://yespress.io/nadav-shoval
Published by YesPress — https://yespress.io
Last updated: 2026-10-11