Kik Interactive picks up $38.3 mln in Series C round, buys Relay

Kik Interactive Inc has secured $38.3 million in Series C funding. U.S. venture capital firm Valiant Capital Partners led the round with participation from Millennium Technology Value Partners, SV Angel, Foundation Capital, RRE Ventures, Spark Capital and Union Square Ventures. Also, the company has acquired GIF messenger Relay. The financial details of the deal were not disclosed. Headquartered in Waterloo, Kik Interactive is the maker of Kik, a username-based smartphone messenger that currently facilitates chats by more than 185 million users. Update: The company said it has raised over $70.5 million in funding to date.

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