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PubMatic Had Raised $13M From Nokia Growth Partners; IPO?

PubMatic, the programmatic ad platform for publishers, had raised $13 million investment led by Nokia Growth Partners and participation from existing investors August Capital, Draper Fisher Jurvetson, Helion Ventures, and Nexus Venture Partners in 2013. The company plans to use the investment raised to improve its platform and for International expansion. PubMatic CEO and co-founder Rajeev Goel is also quoted in the press release as saying this investment will improve its "direct market access by plugging into the global NGP (Nokia Growth Partners) and Nokia presence." PubMatic had earlier raised $45 million from August Capital Draper Fisher Jurvetson, Nexus Venture Partners, Helion Ventures and Silicon Valley Bank in June 2012 and $7.5 million from Helion Venture Partners, Draper Fisher Jurvetson and Nexus Venture Partners in April 2010. Overall, it has raised $76 million since launch, which includes the $7 million investment raised by the combined entity of Komli & PubMatic in January 2008. PubMatic was hived off from Komli in the second half of 2009. Interestingly, its also worth noting that Komli Media had raised $30 million from Peepul Capital, Norwest Venture Partners, Nexus Venture Partners, Helion Venture Partners and Draper Fisher Jurvetson in October 2013. IPO Later This Year? This could also possibly be the last investment round for PubMatic before an IPO. A Wall Street Journal report cites sources to say PubMatic is currently working with bankers like Credit Suisse Group AG and Citigroup Inc for a potential IPO with a $1 billion valuation. It says the offering is expected to come later this year. We…

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