Funding History
Round Size Investors Date
US$50m Tencent 20 Aug 2015
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Latest Editorial16

What's Changing Social Media In 2016

The latest changes by social media and messaging firms are all about cementing their dominance in their users’ everyday lives. From Facebook’s push into bots to Twitter’s deal to stream NFL games to Snapchat’s discovery channels these services...

Read More30 Sep 16
9 Companies And VCs Shaping Canadian Tech

Forget about BlackBerry. The Canadian smartphone maker might have seen its position destroyed by the iPhone and Android devices, but there is so much more to the US neighbour’s tech scene than the beleaguered vendor. With social media management...

Read More01 Apr 16
Kik Buys Fashion Chatbot Blynk

Messaging app Kik is buying fashion app and chatbot Blynk. Blynk’s chatbot works inside Kik to suggest outfits to people. Financial details of the deal were not disclosed.  

Read More23 Dec 15
3 Things Driving Mobile Ad Spend Past USD100bn

After initially struggling with smaller screen sizes and irritating push notifications, mobile advertising is maturing into a hugely lucrative industry, now the lifeblood of services such as Facebook and Twitter, as well as becoming an increasingly...

Read More16 Sep 15
Messaging Firm Kik Hits USD1bn Valuation Following USD50m Tencent Investment

Canadian messaging startup Kik has received USD50m from Chinese internet firm Tencent, the maker of rival app WeChat. The investment puts Kik’s valuation at just over USD1bn. It is unclear whether the two firms will form a strategic partnership...

Read More20 Aug 15
As Canada Gets New Unicorn In Kik Here Are 5 Canadian Startups To Watch

Canada-based mobile messaging app Kik has successfully bagged USD50m in funding from Tencent Holdings, giving it a valuation of more than USD1bn. Interestingly, Tencent Holdings is the parent company of Chinese mobile messaging app, WeChat, which is...

Read More19 Aug 15
Why There’s Still Plenty Of Competition In Mobile Messaging

Competition is increasing in the social chat space. It’s a crowded space with the likes of Whatsapp, Tango, Snapchat all battling it out. Then there are a handful of messaging apps that have become mammoth multifunctional platforms in their homes...

Read More20 Nov 14
Kik Snaps Up USD38.3m For Teenage Messaging App

Kik has raised USD38.3m in a round of Series C funding led by Valiant Capital Partners, with participation from Millennium Technology Value Partners and SV Angel. The Canada-based company provies a messaging service aimed at users between 13 and 14....

Read More20 Nov 14
Bad News For Telcos As WhatsApp Voice Calls Beckon

Life for telecoms companies is getting tough with over-the-top (OTT) voice and messaging apps tearing into their traditional revenue models. That erosion of telecos' businesses is set to accelerate further with reports indicating that Facebook-owned chat...

Read More10 Nov 14
Kik Partners With Glympse To Provide Location Sharing

Glympse, a firm that provides temporary location sharing tech, has partnered with Kik to incorporate its technology into the messaging app to let users share their whereabouts with friends and contacts. Users can tap Follow Me, and then select the...

Read More22 Jul 14