Ad Service Komli Raises $7 Million First Round From Nexus India, DFJ And Helion Ventures
By David Kaplan - Tue 08 Jan 2008 09:50 AM PST
Updated below
(Original Story)Ad serving tech firm PubMatic has raised $7 million in a first round financing. The round was led by Nexus India Capital along with previous backers Draper Fisher Jurvetson and Helion Ventures, which participated in the company’s undisclosed seed round last August. Currently in beta, PubMatic is working with 1,500 publishers and a few dozen ad networks, including Google (NSDQ: GOOG) AdSense, Advertising.com and BlueLithium. The San Francisco company, which started its business last year and has two offices in India, is targeting small- to medium-sized publishers. PubMatic’s services include marketers with a publisher or ad network. It also works on the ad’s design and managing ad tags. Release
Nikhil adds: The release mentions that Pubmatic is a service of Komli. Now Komli had received an undisclosed amount of funding from DFJ and Helion Ventures earlier last year, and I’m wondering whether this deal is independent of the VC’s investment in Komli. We’ve contacted the parties involved for a clarification, and will update when we have more.
Update: Just spoke to Amar Goel, founder of Pubmatic and Komli. He has confirmed to ContentSutra that the parent company Komli that has raised the $7 million mentioned above from the three VCs; Pubmatic is a service offered by Komli. Also, note that the $7 million is a consolidated amount that includes the funding Komli had raised last year from DFJ and Helion Ventures, as a part of a seed round. Nexus India Capital has invested in the co recently. Goel did not give a breakup of how much each VC has invested.
Posted in: Advertising, Venture Capital





