Kik Raises $19.5M in Series B Funding

Kik, a Waterloo, Ontario, Canada-based mobile messaging service, closed a $19.5m Series B funding.

The round was led by Foundation Capital, with participation from RRE Ventures, Spark Capital and Union Square Ventures. In conjunction with the funding, Foundation capital partner Anamitra Banerji will join the company’s board.

The company intends to use the capital to continue to expand operations, also by hiring new people (read here).

Founded in 2009 by CEO Ted Livingston, Kik provides a smartphone instant messaging service available for iPhone, Android, WP7, Symbian & BlackBerry. The company recently introduced the Kik Cards, which are features (built in HTML5) that allow users to search for and send YouTube videos, find and share images, Reddit pics and GIFs, and create sketches and memes.



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