Toronto-based Keek has raised $5.5 million in equity financing from a group of investors led by AlphaNorth Asset Management and Plazacorp Ventures. The company plans to use the funding to "strengthen the team, rapidly roll out new features and accelerate global expansion."
"We are thrilled to have closed this round of financing; it's a great vote of confidence in our product and our team," said Isaac Raichyk, Founder and Chief Executive Officer of Keek Inc. "Keek starts at the intersection of microvideo, social networking and mobile apps, then steps it up a notch."
Keek is a new social networking platform that allows users to instantly share video status updates with friends, followers or the world via webcam or via the Keek Android and iPhone mobile apps. Keek integrates seamlessly with other popular social networks.
AlphaNorth is a Toronto investment manager that believes returns are achievable by "exploiting inefficiencies in the Canadian small cap universe." Plazacorp has been actively making venture capital investments in Canada and the United States for the past 15 years.