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Yik Yak Raises $61 Million in Third Funding Round This Year

Moderator: VaporStarter

by therriaultk » Thu Dec 18, 2014 5:05 pm

Yik Yak is an anonymous messaging app founded in 2013 that has become popular across college campuses in the US (now featuring around 1,300 of them). The young company recently announced that they have raised $61M of a possible $62M in a Series B funding round led by Sequoia Capital. In April 2014 they raised $1.5M in seed funding, and another $10M later in June. Notable investors in the deals include venture capitalist Tim Draper, RenRen Inc., Azure Capital Partners, and DCM.

Yik Yak was founded by Tyler Droll and Brooks Buffington, recent Furman graduates. The company has been growing more popular throughout the last year, though not without some challenges. Still, Yik Yak seems to be doing well in a market for apps that is getting pretty overcrowded – companies like Snapchat, Secret, and Whisper have also had successful funding rounds for apps that focus on anonymity.

Read the full post on CrowdfundingPR! ... ound-year/
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