Keek Raises $7 Million; Adds 2 Million Users In Last 30 Days

Keek Raises $7 Million; Adds 2 Million Users In Last 30 Days PR Newswire TORONTO, Sept. 18, 2012 - Social Video Network Experiences Explosive Growth in User Acquisition and Community Engagement TORONTO, Sept. 18, 2012 /PRNewswire/ -- Keek, a free social video platform, today announced it has closed a $7 million financing round, bringing the total investment in Keek to more than $12 million. Cranson Capital Securities led the round with participation from Pinetree Capital Ltd and Whitecap Venture Partners. The new financing will accelerate expansion to meet surging demand for its social video sharing service. Unlike competitors in its class, Keek's community is logging a massive amount of original user-generated videos and social activity. Since launching its mobile apps for iOS and Android in March 2012, Keek has seen significant momentum in community growth and content creation. 250 million pageviews and 21 million visits in August 6.4 million total videos, 2 million created in August with 66,000 videos created per day 31 million total social actions, 9 million social actions in August "With its rapidly growing user base and highly active community, Keek is uniquely positioned to dominate this fast-growing market," said Devon Cranson, President, Cranson Capital Securities. "Keek is redefining the future of this space and their recent growth confirms there is a huge demand for social video.