Follow The Money: 10 Recent Tech VC Investments To Watch In April


Kik

Headquarters: Waterloo, Ontario

CEO: Ted Livingston
New Funding: $19.5 Million
Round: B
Backers: Foundation Capital, RRE Ventures, Spark Capital, Union Square Ventures

Now in its fourth year, Kik offers a smartphone messenger product that is designed to interoperate with a variety of platforms, including iPhone, Android and Microsoft. The company, which rolled out a new version earlier this month, reports a user base of more than 50 million. The additional capital is intended to be used for a variety of initiatives, including technology enhancements and increased marketing support.

 



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