Equity financing led by AlphaNorth Asset Management and Plazacorp Ventures, with PowerOne Capital Markets Limited acting as agents.
TORONTO, ONTARIO, Keek Inc., announced today that it has raised $5.5 million in equity financing from a group of investors led by AlphaNorth Asset Management and Plazacorp Ventures, with PowerOne Capital Markets Limited acting as agents. The company will use the funding to strengthen the team, rapidly roll out new features and accelerate global expansion.
"We are thrilled to have closed this round of financing; it's a great vote of confidence in our product and our team," said Isaac Raichyk, Founder and Chief Executive Officer of Keek Inc. "Keek starts at the intersection of microvideo, social networking and mobile apps, then steps it up a notch."
Keek is a new social networking platform that allows users to instantly share video status updates with friends, followers or the world via webcam or via the Keek Android and iPhone mobile apps. Keek integrates seamlessly with other popular social networks, allowing users to share keeks on Facebook, Twitter and Tumblr. The service has quickly become popular within the 13-25 demographic and is already home to several popular social video stars, celebrities and organizations.
About Keek Inc.
Keek Inc., headquartered in Toronto, is a private, venture-backed, social microvideo platform. Keek.com is the easiest way to share video moments and status updates with friends, family and the world. A keek, by definition is "a quick look, glance or peek". A "keek" video is up to 36 seconds in length. The service is free and extremely fast, users can record and send a keek in less than a minute. www.keek.com
AlphaNorth Asset Management (AlphaNorth) is a Toronto based investment manager that believes superior long-term equity returns are achievable by exploiting inefficiencies in the Canadian small cap universe through careful security selection on both a long and short basis. The firm combines technical analysis with both a bottom-up and top-down strategy in the selection of investments offering the best reward versus risk opportunities. www.alphanorthasset.com.
PowerOne Capital Markets Limited (PowerOne) is a fully integrated merchant bank dedicated to financing and providing advisory services to the natural resource sector globally. PowerOne has been involved in over 200 transactions, providing financing and advisory services to issuers involving over $1.3 billion dollars. www.poweronecapital.com.
About Plazacorp Ventures
Plazacorp has been actively making venture capital investments in Canada and the United States for the past 15 years. Plazacorp Ventures has been established as an advisory practice with dedicated professionals to provide guidance and advice to investee companies with respect to business development, corporate finance and capital markets.
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