Overview

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Acquisitions
2 Acquisitions
Total Equity Funding
$120.5M in 5 Rounds from 10 Investors
Headquarters:
Waterloo, ON
Description:
Kik lets users connect with friends, groups, and the world around them through chat.
Founders:
,
Categories:
Social Media, Messaging, Wireless, Mobile
Website:
http://kik.com/
Social:

Company Details

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Kik was founded in 2009, when a small group of University of Waterloo students decided to build a company that would shift the center of computing from the PC to the phone.

Based in Waterloo, Ontario, the company now has more than 100 employees working on Kik, a chat app that lets users connect with people, services, and businesses.

Kik is backed by major venture capitalists and has raised $120.5M to date. Its VCs are the same firms that first helped Twitter, Foursquare, Zynga and others become household names. China's Tencent, maker of WeChat, is a strategic investor.

Kik has more than 300 million registered users. According to a study by Frank N. Magid Associates, Kik users spend 35 minutes per session in the app.

More than 40% of young Americans are actively using Kik as their primary messenger app.

Funding Rounds (5) - $120.5M

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DateAmount / RoundValuationLead InvestorInvestors
Aug, 2015$50M / Series D1
Nov, 2014$38.3M / Series C9
Apr, 2013$19.5M / Series B4
Mar, 2011$8M / Series A3
Jan, 2010$4.7M / Angel0

Acquisitions (2)

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DateAcquiredAmount
Dec 21, 2015Unknown
Nov 19, 2014Unknown

Current Team (7)

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Competitors (5)

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  • Facebook is an online social networking service that enables its users to connect with friends and family as well as make new connections.
  • Kakao is a global mobile lifestyle platform company.
  • LINE Corporation develops calling and messaging applications
  • Tencent is a Chinese internet service portal offering value-added internet, mobile, telecom, and online advertising services.
  • WhatsApp is a proprietary, cross-platform, free instant messaging subscription service for smartphones.

Offices/Locations (1)

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  • Headquarters

    420 Weber St. North, Unit I

    Waterloo, ON N2L 4E7

    CAN

Past Team (3)

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Awards (1)

Images (4)

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