Kik Raises $38.3 Million & Acquires Relay

Kik Interactive, maker of chat network Kik, announced today it has acquired Relay, a leading GIF messenger and raised a $38.3 million Series C round of funding. The addition of Relay brings Kik to the forefront of visual messaging, an increasingly popular form of communication, especially among teens and young adults. This is Kik’s first acquisition, made with a combination of cash and equity at undisclosed terms.

LaBarge Weinstein acted as counsel to Kik with a team that included James Smith and Tayyaba Khan.

Read the complete press release here.

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