Kik Raises $19.5 Million In Series B Funding
Kik is a smartphone messaging company that has raised $19.5 million in Series B funding, according to Forbes. Kik is commonly used as a substitute for the messaging apps that come pre-loaded on Android and iPhone devices. Kik has about 50 million users and six HTML games that users play while on the service. The company will be launching APIs for third party developers to utilize later this year.
This round of funding was led by Foundation Capital. Existing investors RRE, Spark Capital, and Union Square Ventures also participated in this round.
One of the partners at the venture capital firm, Anamitra Banerji, will be joining Kik’s board of directors. Following the funding round, Banerji will be joining the Kik board of directors.
Kik founder Ted Livingston started the company in 2009 while attending the University of Waterloo. Kik Messenger was launched in October 2010. The company previously raised $8 million in Series A funding in February 2011.
One of Kik’s major milestones from earlier this month was the ability to send push notifications through their web-based application. It is very rare that a company figures out how to send push notifications through an HTML5 web-based app. Push notifications are generally managed through a company like Urban Airship.