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Komli Media raises USD39m led by Norwest Venture Partners

Komli Media has raised USD39 million, its largest financing to date, led by Norwest Venture Partners (NVP) with participation from Nexus Venture Partners, Draper Fisher Jurvetson and Western Technology Investment

The company has now raised a total of USD62 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.

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