# Kik Interactive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kik-interactive

- Industry: Internet
- Headquarters: Kitchener, Canada
- Website: www.kik.com
- Total disclosed funding: $91M
- Latest round: Series D (Jul 24, 2015)
- Investors on record: 11

## About

Kik Interactive Inc. is a messaging company that operates Kik Messaging, a platform enabling real-time communication through text and multimedia, primarily targeting younger audiences in North America and parts of Europe.Kik Interactive Inc. was founded in 2009 in Kitchener, Canada. The company developed Kik Messaging, a chat application that supports text, images, and multimedia content. In October 2019, the company was acquired by MediaLab, while Tencent Investment participated in the latest funding round, Series D, which raised USD 30.00 mn. The total amount raised by Kik Interactive Inc. stands at USD 30.00 mn, with a current valuation of USD 1,000.00 mn. The founder, Daniel James, has a history in technology startups, contributing to Kik's development and expansion.Kik Messaging is a prominent messaging and chat application that facilitates real-time communication through text, images, and multimedia content. Launched in 2010, Kik uses a freemium model that allows users to engage in messaging and group chats, with additional features available through in-app purchases. The platform caters primarily to teens and young adults, fostering social interaction and community building. Through its user-friendly design, Kik emphasizes privacy and user control, meeting the demands for secure communication channels.Kik Messaging generates revenue through various channels, including in-app purchases and potential partnerships. The platform offers premium features and services, enhancing the user experience and contributing to the overall revenue stream. Most transactions are conducted through direct user purchases targeted at individual consumers, with a monetization strategy that may include subscriptions for advanced features or exclusive content. Kik focuses on enhancing user connectivity and community engagement, which drives user retention and revenue generation.Following the acquisition by MediaLab in October 2019, Kik Interactive Inc. aims to enhance its product offerings and expand into new markets. Specific plans for new features and potential market regions have not been disclosed. The recent funding of USD 30.00 mn will likely support these initiatives, although exact details regarding upcoming product launches or geographic expansions are not available.

## Funding rounds

- Series D, Jul 24, 2015, $30M — Tencent Investment
- Series C, Nov 19, 2014, $34M — RRE Ventures, Foundation Capital, Union Square Ventures, Spark Capital, Millennium Technology Value Partners, SV Angel, G Squared, Valiant, Laconia Capital Group, blisce/
- Series B, Apr 19, 2013, $20M — RRE Ventures, Foundation Capital, Union Square Ventures, Spark Capital
- Series A, Mar 7, 2011, $8M — RRE Ventures, Union Square Ventures, Spark Capital

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series A, Series B, Series C
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A, Series B, Series C
- Spark Capital — Series A, Series B, Series C
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series B, Series C
- Millennium Technology Value Partners (https://capitalatlas.ai/funds/millennium-technology-value-partners) — Series C
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series C
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series C
- Valiant (https://capitalatlas.ai/funds/valiant) — Series C
- Laconia Capital Group (https://capitalatlas.ai/funds/laconia-capital-group) — Series C
- blisce/ (https://capitalatlas.ai/funds/blisce) — Series C
- Tencent Investment — Series D