Social video platform Keek raises US$7m

18 Sep 2012

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Keek, the Toronto-based social video-sharing service that allows users to share 36-second video snippets via webcam, Android or iPhone, has closed a US$7m financing round, bringing the total investment in the start-up to US$12m.

The free service first came on the scene in 2011 and, just this March, Keek launched its mobile apps for iOS and Android.

As for the US$7m funding round, Cranson Capital Securities led the round, while Pinetree Capital and Whitecap Venture Partners also participated.

According to Keek, the latest financing will be used to help with its global expansion plans, with the company indicating that users have now uploaded 6.4m videos.

"This new funding will allow us to keep the momentum going, accelerate product development, scale the infrastructure and expand globally," said Isaac Raichyk, CEO of Keek.

Video image via Shutterstock

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Carmel was a long-time reporter with Siliconrepublic.com

editorial@siliconrepublic.com