The keyboard app provider Kika Tech announced the completion of its B+ round of funding and the company's valuation reached CNY1.818 billion.
According to reports in Chinese local media, this round of funding was led by Cheetah Mobile and participated by Qiankun Hanhai, Shenzhen Guohong, and Tibet Wuxing Chengrui.
Hu Xinyong, founder and chief executive officer of Kika, said that the company will use the new investment to accelerate its localized business growth in key marketplaces, including the U.S., India, Brazil, and Taiwan. Meanwhile, they will expand product lines and enhance development of cutting-edge technologies, such as Internet of Things device input interaction.
Kika was co-founded by former executives of major Internet companies, including SkyMobi, Microsoft, Innovation Works, and Baidu. At present, the company has offices in Beijing, San Jose, India, Brazil, and Taiwan. Reportedly, 75% of Kika employees are developers and designers and 10% of its employees are international staff.
Statistics provided by Kika show that with two years of operation, the company's flagship product Kika Keyboard was downloaded 150 million times in over 140 countries and regions around the world, and it has 50 million monthly active users.