Social Video Sharing Company Keek Raises $18 Million
Keek is a social video sharing startup company that has raised $18 million in funding. This funding round was led by AGF Investments, Pinetree Capital, Cranson Capital, and Plazacorp Ventures. Keek raised $7 million back in October itself. Keek added around 6 million users in the last 30 days alone. Around 200,000 new users are signing up every day too. Keek encourages users to create 36-second smartphone movie clips.
Keek CEO Isaac Raichyk said that Keek is doing well against companies like Kiip and Socialcam because they focus on quick and painless communication instead of editing.
“It’s a way for people to communicate with their friends, with the followers, with their fans, or whoever, but it’s a way to communicate. We don’t provide any beautification filters, no video editing, just point; shoot; upload; communicate,” stated Raichyk in an interview with TechCrunch.
Raichyk said that their round of funding from earlier involved family and friends and this round involves some big name investors. The company is using this round of funding to work on their infrastructure expansion that has been taking place in the last 6 months.
Some of Keek’s celebrity users include Kim Kardashian, 2 Chainz, and Adam Lambert. Raichyk said that the company already had traction before the celebrities joined.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry