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 [pictured, left], 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.”
Akshay Garg [pictured, right], 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.” More...
