Komli Media Raises US $39 Million in Funding
Led by Norwest Venture Partners
Cements Asia Pacific Leadership
Regional, June 12, 2012: Komli Media, Asia Pacific's leading media technology platform, today announced it has raised US $39 million (SGD 49.9 million), 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.
Prashant Mehta, CEO of Komli Media said, "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.” He added, “Our industry leading solutions will allow us to deepen our presence and engagement with customers and publisher partners across APAC.”
Digital media consumption in Southeast Asia (SEA) has grown exponentially on the back of wide scale broadband penetration, increasing availability and adoption of internet-capable mobile devices. Advertisers, agencies and publishers are seeking one company that can bring an integrated platform across display, video, mobile and social media to help drive greater value and make it easier to achieve their core objectives. 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.
"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," said Niren Shah, Managing Director, NVP.
Akshay Garg, Co-Founder and MD for Komli SEA added “SEA is one of the fastest growing digital advertising markets in APAC and the world, and we are excited to bring Komli’s cutting-edge solutions to this region, starting with the recently launched Komli Play platform. We intend to roll out several other innovative solutions in the near future, deepening our relationships with advertisers and publishers.”
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. Komli SEA has one of the largest teams in the region with offices in Singapore, Hong Kong, Thailand, Indonesia, Malaysia, Vietnam and the Philippines
About Komli Media
Komli Media 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 leading the charge in 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 has raised capital from leading venture capital investors including Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson and Western Technology Investment.
Find out more at http://www.komli.com
About Norwest Venture Partners (NVP)
Norwest Venture Partners (NVP) is a leading global venture and growth equity firm that manages more than $3.7 billion in capital. Headquartered in Palo Alto, California, NVP has subsidiaries 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 50 years and has funded over 500 companies since inception.
# # #
For all inquiries, please contact:
Amarpal Singh
Komli SEA, Marketing Manager
Mob: +65 9230 8820
amarpal.singh@komli.com