Komli Media raises $30 Million to expand presence in APAC

To further invest in its key technology platforms as well as to strengthen its presence through integrated go to market solutions across the Asia Pacific (APAC) region, Komli Media has announced that it has raised $30 million from new investor Peepul Capital.  Existing investors, Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated in the funding.
Prashant Mehta, CEO, Komli Media stated, As digital advertising grows in a fast and fragmented manner, it has become critical for the industry to focus on delivering integrated solutions across social, mobile, display and video. We have already seen strong adoption of our integrated solution along with algorithmic trading.  With the increased funding, we plan to deepen our focus on innovative technologies, such as real time bidding (RTB), to deliver significantly greater value to our customers.
 
We believe that India and South East Asia are at an inflection point in embracing digital advertising. Komli is a leading player in these key markets and with its technology platform, wide product suite and exceptional leadership team, the company should consolidate its current position even further,said Venkat Shankar, Investment Director, Peepul Capital.
 
Existing investors of the company such as  Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson also participated in the funding.