Social video platform Keek raises US$18m in funding

17 Jan 2013

Fast growing social video network Keek – think Twitter meets YouTube – has just raised US$18m in funding, bringing its total funding raised so far to US$30m.

The latest funding round for the Toronto-based video platform came from AGF Investments, Pinetree Capital and Plazcor Ventures with Cranson Capital also participating.

Keek is experiencing explosive global growth with 200,000 new users joining daily in Europe, the Middle East and South America.

The Keek app recently ranked first overall in five countries, top 10 overall in 15 countries and top 100 overall in more than 70 countries around the world.

The site records over 1bn monthly page views, 75m monthly visits and 15m monthly unique visitors. Users upload 4m user-generated videos every month with 30m monthly follows and subscribes and 8m comments and likes.

The power of video

“The word keek means a short look, a glimpse, a peek and Keek indeed opens a window into other cultures, customs and lifestyles, making the world more accessible in a way only video can,” Isaac Raichyk, Founder and CEO of Keek Inc. explained.

“Twitter convinced the world to embrace a micro-blogging format and Instagram demonstrated that a photo sharing social network could thrive. With 200,000 new users joining daily and millions of user-generated videos posted monthly, Keek is doing the same for social video.”

A significant number of the top users from Instagram and Twitter are actively using Keek to share personal video updates with fans and followers.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years