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Ad Network Komli Media Raises $6 Million In Funding For AsiaPac Expansion

Update: we contacted Komli Media to get a sense of how they're doing as a business and where they plan to invest. Prashant Mehta, COO, Komli Media, declined to share any substantive details - which is entirely their prerogative; mostly fluff - he said that revenues have increased multifold since a year and a half back, but declined to share by how much; Mehta says that the advertiser base has grown substantially, but again, declined to share by how much. Komli expects to be a $30 million business by the end of next year, by leveraging Postclick and rolling out Komli's technology platforms in the South East Asian markets. Mehta did not disclose which markets they plan to expand to, how many people they intend to hire, or exactly where they plan to invest the money raised, except technology and people. Earlier: Advertising network Komli Media has raised $6 million in additional funding from existing investors Nexus Venture Partners, Helion Venture Partners, and Draper Fisher Jurvetson. Komli had previously closed $7 million in investment from the same investors in 2008. The ad network will use this round of funding to finance its expansion across the Asia Pacific region: Komli had recently announced the acquisition of PostClick, an Australian site representation firm, in a cash plus stock deal, through which it had acquired representation for publishers such as Bloomberg and HotFrog. Komli also represents Facebook, Expedia and Bloomberg, and claims to reach 30 million unique users across categories and regions. Our conversation with…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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