Digital Ad Firm Komli Media Raises $30 mn from PE Fund Peepul Capital & Existing Investors
Digital advertising company Komli media has raised $30 mn from Peepul Capital & existing investors including Norwest Venture Partners, Nexus Venture Partners, Helion and Draper Fisher Jurvetson.
Digital advertising company Komli media has raised $30 mn from Peepul Capital & existing investors, according to a report.
Existing investors Norwest Venture Partners, Nexus Venture Partners, Helion and Draper Fisher Jurvetson have also invested in this round (source).
Komli Media has now raised a total of $90 mn from investors. The company will use the funds to invest in data analytics and technology.
The company, founded by Amar Goel in 2006, is looking at clocking $100 mn in revenues in 2014.
We are likely to see small acquisitions by the company in the coming days. Last time around, after raising $39 mn in series D funding from Norvest and others in July, the company bought Singapore based digital media company Aktiv Digital and followed it up with the acquisition of mobile ad platform ZestAdz.
In 2008, the company raised $7 mn in series A from DFJ and Helion. Nexus and existing investors participated in its $6 mn series B round.
Komli has signed an exclusive partnership agreement with Twitter to sell its advertising inventory in Southeast Asia. It also has a similar tie up with Facebook.