Canadian-born Kiip Raises $10 Million for Valuation of $50 Million

Posted by Knowlton Thomas

Kiip has raised $8 to $10 million for up to 20% of the company, according to a report from TechCrunch.

Kiip is a Silicon Valley startup that was founded by Canadian entrepeneur Brian Wong. 

Brian famously raised a venture capital round worth several hundred thousand dollars for Kiip in 2010 at the ripe young age of 19, making headlines for being the world's youngest entrepreneur to raise substantial funds from real outside investors.

Kiip has since become a smashing success, serving its rewards-based ads into more than 400 apps across Apple's iOS and Google's Android.

UPDATE: Brian Wong told Techvibes that this is "still a rumour," neither accepting or denying the accuracy of TC's report.

Company:
Kiip
Website:
http://www.kiip.com
Location:
San Francisco, California, United States

Kiip is the world’s first mobile rewards network that delivers tangible rewards for virtual achievements. The company’s category-creating rewards platform enables brands to reach consumers in the moments when they are most engaged and receptive, while driving revenues and greater user allegiance for Kiip-enabled games and apps. Kiip was founded in September 2010 by Brian Wong, Courtney Guertin and Amadeus Demarzi.... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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