Toronto's Keek on Verge of Raising $100 Million

As Keek closes in on 60 million users, the white-hot startup may be close to raising a massive financing round.

According to sources cited in Venture Beat, the Toronto-based company's next round of funding could hit $100 million. Previously Keek has raised $5.5 million, $7 Million, and $18 Million rounds.

A round in the $50 to $100 million is close to legendary by Canadian standards, but it's highly unlikely that Keek can outdo HootSuite's record-setting $165 million round earlier this month.

We already knew Keek founder Isaac Raichyk doesn't fear competiton from Instagram video and the like—now we know investors aren't scared either.

"We've starting planning for it [monetization], but we are working on a major round of financing, so that takes priority over everything else,” Raichyk told Techvibes in July. “We are playing in the major leagues now, and that takes money."

Keek Inc.
Toronto, Ontario, Canada

Keek is the easiest way to share microvideo with friends, family and the world. You can upload video status updates ("keeks") using your webcam or the Keek app for Android and iPhone. Reply back with text or video comments ("keekbacks"), push your keeks to other major social media networks and embed them into your blog or website. Connect with friends, share funny videos and more. It's a fun... more

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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