Acquired by medialab
Industries AppsCryptocurrencyMessagingMobileSocial MediaVideo ChatWirelessHeadquarters Regions Great Lakes Founded Date 2009 Founders Christopher Best, Ted Livingston Operating Status Active Last Funding Type Initial Coin Offering Legal Name Kik Interactive Inc. Related Hubs Kik Alumni Founded Companies Hub Tags Exited Unicorn
Company Type For Profit
Contact Email press@kik.com
Kik was founded in 2009, when a small group of University of Waterloo students decided to build a company that would shift the center of computing from the PC to the phone.
Based in Waterloo, Ontario, the company now has more than 100 employees working on Kik, a chat app that lets users connect with people, services, and businesses.
Kik is
backed by major venture capitalists and has raised $120.5M to date. Its VCs are the same firms that first helped Twitter, Foursquare, Zynga and others become household names. China's Tencent, maker of WeChat, is a strategic investor.
Kik has more than 300 million registered users. According to a study by Frank N. Magid Associates, Kik users spend 35 minutes per session in the app.
More than 40% of young Americans are actively using Kik as their primary messenger app.
Transaction Name Kik acquired by medialabAcquired by medialabAnnounced Date Oct 19, 2019