VANCOUVER, British Columbia
April 8, 2013
is proud to announce that
CrossPacific Capital Partners (XPCP)
as Advisor. Brian will focus on advising XPCP's investments in the areas of internet, gaming, social media, and mobile. With the addition of Brian to the team XPCP will be better able to handle the massive deal flow that it has been confronted with since starting operations in
graduated from the
University of British Columbia
at the age of 18. In 2010 Brian Wong became the youngest entrepreneur to ever raise Venture Capital in
. After initial seed contributions by a number of angel investors including XPCP Managing Partner
, Brian closed a total of more than
for his A Round, and all this before he turned 20. Other investors in KIIP include Verizon, Hummer Winbladt, and Relay. In 2012 KIIP did a B Round of more than
on the strength of its rewards platform, which reached 1 billion moments at the end of 2012. In 2013 KIIP is seeing major revenue growth as its products continue to sell exponentially.
is an example for other gaming entrepreneurs in
, even though he had to leave the city to raise venture capital in Silicon Valley. By joining XPCP Brian hopes to give back to the country that gave him an education, but where he could not get sufficient funding to build out his business. With XPCP, Brian can now extend funding to gaming startups that are competitive at the global level, creating positive change in the Canadian environment.
XPCP Founder and Managing Partner
said, "I invested in Brian in 2010 when I had barely arrived in
. Having met many entrepreneurs I immediately sensed that Brian had what it takes to be an entrepreneur. I offered to write him a cheque for
. When he subsequently decided to relocate to San Francisco I repeated my commitment, and offered
Founder and CEO
added, "My ride with KIIP has been wild. We are now recognized as the No.1 rewards platform across the industry. It is unfortunate that for Canada I was considered too young when I started out. Frank recognized my potential and I want to help him to do more good work with other young Canadian entrepreneurs."
XPCP will be assisting KIIP with its imminent Asian expansion. In 2012 XPCP took Brian across
to meet with Chinese thought leaders at, among others, Tudou, Shanda and Microsoft.
KIIP's Canadian operations will be co-located with XPCP's operations, as KIIP and XPCP seek to achieve further synergies.