DAILY NEWS Jan 23, 2013 9:32 AM - 0 comments

Keek Raises $18 Million to Support More User Generated Video Content

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Toronto-based social video networking platform Keek has raised another $18 million it says will be used to create more platform compatibility and build an expanded infrastructure that can support a huge growth in international usage.

Keek videos are short social updates, lasting about 36 seconds. People can upload video from a webcam or smartphone and share them across social networks like Keek, Facebook, Twitter, Tumblr, e-mail, and SMS.

Keek users (more and more, that descriptor includes celebrities, company reps and sports figures) can post comments, follow friends, receive notifications, send private messages, check out an activity feed, view a leaderboard, and access analytics.

The latest funding round, led by AGF Investments Inc., Pinetree Capital Ltd and Plazacorp Ventures with Cranson Capital also participating brings total investment to date to $30 million.

The company was founded in 2011; it released its first app later that year, kick-started by a $5 million investment.

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

Keek users are producing a massive amount of social engagement and original user-generated videos, and the company cites some one billion monthly page views, 75 million monthly visits and four million monthly user generated videos.

“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,” said CEO Isaac Raichyk in a statement. “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.”

The app is available at the App Store and Google Play. .

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