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MadLipz
Techstars '19Plug and Play VenturesToronto, CA · Founded 2015 · 8 employees on LinkedIn · 7 known investors
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MadLipz is a Toronto-based mobile app for creating and sharing short comedic voiceover parodies of existing video clips.
Also known as Eigenuity Inc.
Investors · 7
How we know: open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · plugandplaytechcenter.com · Not right? Tell us
How we know: the Techstars portfolio · funding news · betakit.com · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · open dataset · 5k.vc investor directory · Not right? Tell us
Also in the syndicate · 4
Funding
SEC filings, press & company announcements- Undisclosed amountpre-seedMay 2019
angel investors, Canadian Film Centre, Plug and Play, Techstars
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Sep 2026MadLipz operates a free mobile application, available on iOS and Android, that lets users record their own voiceovers on top of existing video segments to produce short comedic parodies known as "lipz," each limited to 15 seconds. The app supplies a library of video scenes and soundtracks, voice recording tools, and sharing functions to external social networks such as Instagram, Facebook and Twitter, as well as an in-app community feed where users browse and share creations by others. The app is free to download and may include in-app purchases for additional features, and requires an internet connection to access the video library.
The application is published by Eigenuity Inc. Later positioning by the developer describes a voice-driven generative AI content platform for human voices and an intent to extend the company's user base into audio-oriented virtual environments. Version 2.7.34 was released on 2023-10-15. The company was founded by Amir Alikhanzadeh, Amirali Afshar and Shahed Doroudi, who met at the University of Toronto; Alikhanzadeh serves as co-founder and CEO.
Founding story
MadLipz was first launched as a creation tool in 2016 by Amir Alikhanzadeh, Amirali Afshar and Shahed Doroudi, who met while attending the University of Toronto. Alikhanzadeh is co-founder and CEO.
Business model
MadLipz distributes a free consumer mobile app that may offer in-app purchases for additional features. The company has also introduced a cryptocurrency-based rewards mechanism allowing users to earn, send and receive Kin within the app.
The app is free to download and use, with in-app purchases available for additional features.
Traction
As of April 2019 the company reported 40 million users, 60 million lipz created in the app and approximately 200,000 lipz created daily. A 2023 developer description cites a user base of 36 million individuals. The app holds a 4-out-of-5 average user rating from more than 362,000 votes on one download portal.
Latest developments
In 2023 the developer, Eigenuity Inc., positioned MadLipz as a voice-driven generative AI content platform aimed at an audio-oriented metaverse, and released version 2.7.34 on 2023-10-15.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
MadLipz competes in the short-form user-generated video category alongside apps such as TikTok, Funimate, Triller and Likee, and was cited as an alternative to the discontinued lip-sync app Dubsmash. It is differentiated within that category by its focus on comedic voiceovers on existing clips rather than lip-syncing to music.
Rather than lip-syncing to music or audio clips, MadLipz centers on users recording original voiceovers onto pre-existing video scenes, which supports parody and comedic commentary formats.
Technology
Mobile applications for Android and iOS that combine a library of licensed video segments with voice recording and overlay tools to generate 15-second parody videos, plus social sharing and community feeds. The developer describes a voice-centric generative AI content platform and an integration of the Kin cryptocurrency for in-app rewards.
Go-to-market
Distribution through the Apple App Store and Google Play, viral sharing of user-created clips to Instagram, Facebook and Twitter, an in-app social community, and the company's own Instagram presence (@madlipzapp). The company also participated in accelerator programs including Ideaboost and Techstars Toronto.
Consumer mobile users creating and sharing short comedic video content; the app is intended for users aged 13 and older, with parental guidance suggested for users under 18.
Geography
Headquartered in Toronto, Canada, with the app distributed internationally through the iOS and Android app stores. The 2018 undisclosed round included New York City-based angel investors.
History
The product launched as a creation tool in 2016 and added social features to the app in 2018. In August 2018 the company raised an undisclosed round from the Canadian Film Centre and New York City-based angel investors. It was selected for the fifth cohort of Ideaboost and completed Techstars Toronto's 2019 class, announcing a pre-seed round of more than CAD $671,000 in April 2019 ahead of Demo Day. In April 2019 MadLipz integrated the Kin cryptocurrency into the app as a rewards mechanism. By 2023 the developer, Eigenuity Inc., described the product as a voice-based generative AI content platform and released version 2.7.34.
Risks & controversies
The app's user-generated nature means users can post inappropriate material, and the developer has noted an age guideline of 13 and older. Reported product limitations include restricted editing capabilities relative to professional tools, a scene library that some users find repetitive, dependence on device microphone quality, reliance on an internet connection for full functionality, and occasional bugs.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 7
launches, deals, and filingsVersion 2.7.34 of the MadLipz app, published by Eigenuity Inc., was released for Android and iOS.
The company announced a pre-seed round of over $671,000 CAD from Plug and Play, Techstars and a group of angel investors, completed ahead of Techstars Toronto Demo Day, with plans to move directly into a seed raise.
MadLipz integrated the Kin cryptocurrency into its app, allowing users to earn, send and receive Kin within the app.
MadLipz completed Techstars Toronto's 2019 cohort, a 13-week program run in partnership with Real Ventures. MadLipz was also selected for the fifth cohort of Ideaboost.
MadLipz raised an undisclosed funding round from the Canadian Film Centre and a group of undisclosed New York City-based angel investors.
MadLipz was first launched as a creation tool by Amir Alikhanzadeh, Amirali Afshar and Shahed Doroudi.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 5
primary sources listed
- MadLipz - Downloadmadlipz.updatestar.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does MadLipz do?
- MadLipz is a Toronto-based mobile app for creating and sharing short comedic voiceover parodies of existing video clips.
- Who are MadLipz's investors?
- MadLipz's investors include Plug and Play Ventures, Techstars, Dream Maker Ventures.
- Where is MadLipz headquartered?
- MadLipz is headquartered in Toronto, CA.