KIIP Founder Brian Wong Joins CrossPacific Capital Partners As Advisor
VANCOUVER, British Columbia, April 8, 2013 /PRNewswire/ -- XPCP is proud to announce that KIIP Founder Brian Wong has joined 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 Vancouver, BC in September 2012.
Brian Wong 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 North America. After initial seed contributions by a number of angel investors including XPCP Managing Partner Frank Christiaens, Brian closed a total of more than $4M 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 $11M 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.
Brian Wong is an example for other gaming entrepreneurs in Vancouver, 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 Frank Christiaens said, "I invested in Brian in 2010 when I had barely arrived in Canada. 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 C$100,000. When he subsequently decided to relocate to San Francisco I repeated my commitment, and offered US$100,000." KIIP Founder and CEO Brian Wong 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 China 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.
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