Keek Adds 6 Million Users In 30 Days, Raises $18 Million


Keek

Keek, a social video sharing startup based out of Toronto, has raised $18 million and added six million users in just the past 30 days. Its $18 million round of funding was lead by AGF Investments, Pinetree Capita, Plazacorp Ventures and Cranson Capital.

Back in October of 2012, the startup raised $7 million which went towards expanding its network and brings its total investment to date to $30 million. Along with announcing six million new users in 30 days, Keek also shared its averaging 200,000 new sign-ups per day. There are around eight million comments and likes per month including 30 million follows or subscriptions per month.

From founder and CEO Isaac Raichyk:

“We, from the beginning, have looked at video as a form of communication. It’s a way for people to communicate with their friends, with the followers, with their fans, or whoever, but it’s a way to communicate. We don’t provide any beautification filters, no video editing, just point; shoot; upload; communicate.”

When asked why Keek needed an additional $18 million investment, Isaac explained that this new round of funding brings on some big-name investors and prepares it for a massive expansion of its infrastructure. The social video sharing platform currently features such celebrities as Adam Lambert and Kim Kardashian. To learn more about Keek you can go here.


Mike Stenger

Lover of technology, Mike often makes jokes that nobody laughs at.

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