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Komli Media Raises $39 Million Led by Norwest Venture PartnersCements Asia Pacific Leadership (June 11, 2012)
NEW YORK, NY -- (Marketwire) -- 06/12/12 -- Komli Media (www.komli.com), Asia Pacific's leading media technology platform, today announced it has raised $39 million, its largest financing to date. Norwest Venture Partners (NVP) (www.nvp.com) led the financing with participation from Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson, and Western Technology Investment. The company has now raised a total of $62 million. 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.
"We see significant long-term opportunity in bringing an integrated platform solution to the market. This financing will allow us to materially scale our platform and operations by investing in our Real-Time Bidding (RTB), data, analytics, and retargeting solutions to improve ROI for advertisers and yield for publishers," says Prashant Mehta, CEO of Komli Media. "Our industry leading solutions will allow us to deepen our presence and engagement with customers and publisher partners across APAC."
The graphical (display, mobile, video, and social) digital market continues to grow rapidly in a very fragmented manner across the APAC region. For advertisers, agencies and publishers Komli is the one company that can deliver an integrated platform across graphical media, making it easier for them to achieve their core objectives. In addition, the company has built cutting-edge technologies, such as real-time display advertising (ATOM) and mobile (Komli Mobile) platforms, to add even greater value for its customers.
"We are very pleased with the exceptional work done by Komli Media's leadership team in driving growth and establishing the company as the leader across APAC. With early investments in superior talent and its innovative platforms, the company is well positioned to capture a much larger share of digital media within some of the fastest growing markets in the world," says Niren Shah, Managing Director, NVP.
Komli Media has grown 150% annually since 2009. Today, the company has over 5,000 leading publishers including exclusive relationships with Facebook and MSN in key markets. It reaches over 270 million users monthly and actively services more than 1,000 advertisers across the region. Komli Media serves over 38 billion monthly impressions, up from 10 billion 12 months ago. Among the major global and US-based advertisers who have utilized Komli's solutions to reach audiences within its key markets are Unilever, P&G, Citibank, Intel and Samsung.
Norwest Venture Partners (NVP) (http://www.nvp.com) is a leading global investment firm that manages more than $3.7 billion in capital. Headquartered in Palo Alto, California, NVP has offices in Mumbai and Bengaluru, India and Herzelia, Israel. NVP makes early-to-late stage venture and growth equity investments in U.S. and global companies across a wide range of sectors including: information technology, business services, financial services, infrastructure, technology enabled services and consumer. NVP has actively partnered with entrepreneurs to build great businesses for more than 49 years and has funded nearly 500 companies since inception.
Komli Media (http://www.komli.com) is Asia Pacific's leading media technology company with solutions across display, mobile, video, social, search and data for advertisers, agencies, and publishers. Komli is developing the next-generation of digital advertising technologies, such as a Real-Time Bidding (RTB) performance advertising platform (ATOM) that integrates audience data to improve ROI. Headquartered in Mumbai, Komli Media has over 400 employees across 18 offices in India, Australia, New Zealand, Southeast Asia, Middle East, Hong Kong, North America and United Kingdom. Komli is backed by investments from leading venture capital investors including Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson and Western Technology Investment.
George H. Simpson
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