Komli Media Raises US $39 Million in Funding Led by Norwest Venture Partners
India based ad network, Komli Media has raised $39million its largest financing to date. Norwest Venture Partners (NVP) led the financing with participation from Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson, and Western Technology Investment. The funds will be used to invest in the Company’s core media technology platforms and to expand its presence across the Asia Pacific (APAC) region.
Komli earlier raised $15mn in January, 2011 and earlier raised $6mn in July of 2010. Komli’s parent company, Pubmatic raised $7mn from same investors in 2008 and Series B in 2009 and has recently raised $45mn in Mezzanine Financing Led by August Capital.
Komli has been on an acquisition spree and its last acquisition was Admax (earlier acquired Zestadz, Aktiv Digital, Indoor Media,PostClick). The company claims to reach over 270 million users monthly and actively services more than 1,000 advertisers across the APAC region. Komli Media responds to over 38 billion monthly impressions, up from 10 billion 12 months ago.