Digital Ad Platform Komli Media Wraps Up Biggest-Ever Funding Round

The Mumbai-based digital advertising platform Komli Media has just announced its fourth round of major investment – and its biggest to date. The funding round is worth US$39 million, and was led by Norwest Venture Partners. Also taking part were Nexus Venture Partners, Helion Venture Partners, Draper Fisher Jurvetson, and Western Technology Investment.

In a press release to announce the funding, Komli Media revealed that the cash “will be used to invest in the company’s core media technology platforms and to expand its presence across the Asia Pacific region.”

Komli hails its integrated coverage of digital display media – with a focus on mobile ads, and its social ad platform – as being key to its success. In updated stats, the company reveals that it now has more than 5,000 clients on board, “reaches over 270 million users monthly, and actively services more than 1,000 advertisers” across Asia (APAC). It says it’s riding the wave of data-enabled phones and smartphones in the Southeast Asia region to hit ever greater numbers of ad impressions.

To mark the biggest-ever backing from Norwest, the VC firm’s managing director, Niren Shah, explained the attraction of Komli:

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 busy splashing the cash recently, acquiring mobile ad network ZestAdz last summer, and then snapping up Admax Network earlier this year.