A group of five Hong Kong people co-founded the website in 2009–2010: Hong Kong University student Ray Chan, his brother Chris Chan, Derek Chan, Marco Fung, and Brian Yu, with the goal of providing an alternative online email forum where users could quickly exchange amusing images or videos. In an interview in 2012, its CEO, Ray Chan, refused to explain the origins of the name '9GAG.'
Starting the company under a mentality of "Just for Fun," the co-founders of 9GAG began using 9GAG as a resume-builder for the 500 Startups accelerator programme. The 9GAG team collaborated on other product projects during the summer programme, including StartupQuote and Longboard.
9GAG participated in the incubator of Y Combinator following the 500 Startups accelerator programme, and its user base increased to 70 million unique global visitors per month.
The co-founding team of 9GAG has discontinued all other projects and shifted its focus exclusively to 9GAG. 500 Startups were given equity for their assistance and mentoring.
In July 2012, 9GAG raised an additional US$ 2.8 million in venture capital funding from Silicon Valley, including True Ventures and Greycroft Partners.
9GAG raised another US$ 2.8 million in investment from Silicon Valley venture capitalists in August 2012, including True Ventures and Greycroft Associates, as well as private investors such as Christopher Sacca, Kevin Rose and Naval Ravikant.
This investment helped promote the development of 9GAG 's innovation department in both Hong Kong and Silicon Valley.
9GAG is based in Tsuen Wan, Hong Kong and has offices in Mountain View, California
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