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Komli Media secures $39 million funding from Norwest Venture Partners
Komli Media secures $39 million funding from Norwest Venture Partners
By: iMedia News Bureau

Media platform Komli Media has raised funding of $39 million from Norwest Venture Partners. Norwest Venture Partners led the financing by partnering 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.

Prashant Mehta, CEO of Komli Media said, "We see a 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. Our industry leading solutions will allow us to deepen our presence and engagement with customers and publisher partners across APAC”.

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’s leading real-time display advertising (ATOM), video (Komli Play), mobile (Komli Mobile) and social (Komli Engage) solutions are focused on delivering on this value proposition.

Commenting on the investment Niren Shah, Managing Director, NVP, said, "We are very pleased with the exceptional work done by the leadership team in driving growth and establishing Komli Media as the leader across APAC.  With early investments in superior talent and its innovative platforms, the company has completely transformed its business.  Today, it is well positioned to capture a much larger share of digital media within some of the fastest growing markets in the world”.

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 responds to over 38 billion monthly impressions, up from 10 billion 12 months ago.