Canadian Startup Kik Raises $19.5 Million in Series B Funding

by Rob Lewis | Startups

Waterloo's Kik Interactive has closed $19.5 million in Series B funding to "support continued platform development and drive the company towards monetization."

Kik says the round is led by Foundation Capital, with participation from original investors RRE Ventures, Spark Capital, and Union Square Ventures. Kik also announced the addition of Anamitra Banerji, partner at Foundation Capital, to its board of directors. Banerji joins the board to help guide and support Kik’s "exponential growth and continued innovation." 


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“This is an extremely exciting time for Kik. We’re seeing our user base grow like crazy as we continue building out what we believe is the best one-to-one messaging experience on mobile,” says Ted Livingston, CEO of Kik.

"The new funding will strengthen our development efforts as we begin to leverage Cards as one of our routes towards monetization," he added.

Launched in 2009, the Canadian startup recently surpassed 50 million users and is adding 200,000 new users per day.

"Messaging is core to the mobile experience, and Kik is changing the way people - especially the 'born-mobile' generation - connect with each other and the apps they love," says Banerji. "There are similarities between Kik and Twitter when it comes to growth, engagement and vision. We are excited to help Kik bring its fast, simple and rich experience to every mobile user around the world."

Kik ranks 30th on the Canadian Startup Index.

Kik Interactive, Inc.
Waterloo, Ontario, Canada

Kik was founded in 2009, when a small but incredibly passionate group of University of Waterloo students decided to build a company that would shift the center of computing from the PC to the smartphone. Fast forward to today, and Kik has become the best way to connect with friends, no matter where you meet them. And unlike other messengers, Kik uses usernames - not phone numbers - as the basis... more

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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more

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