School Gossip App Yik Yak Grabs USD 61M from Sequoia and Others

yik_yak_ysfet

Atlanta-based anonymous local messaging app, Yik Yak has raised USD 61 million series B round led by Sequoia Capital with participation from previous investors including DCM. Earlier, It had received USD 10 million in series A funding. Till date, including this round, the company has secured a total funding of USD 73.5 million. As part of the deal, it sees Sequoia’s Jim Goetz join the Yik Yak’s board of directors.

Last month, Yik Yak was in news for raising USD 62 million but now an SEC filling has confirmed that it has closed USD 60.9 million of USD 62 million, which means that there is still more than USD 1 million available in the round.

Also Read: School Gossip App Yik Yak Grabs USD 10M from DCM & Others

Recently, the company had also launched PEEK, a features that enables users to updates in their local universities or communities to stay connected and to access conversations.

Yik Yak was launched in 2013 by Co-Founders Will Jamieson, Tyler Droll and Brooks Buffington.

It allows users to connect and share information with others like News, funny experiences, shout outs, jokes etc. All this content spreads fast through Yik Yak’s tight-knit community. It is mainly meant for college students to find out about what’s happening on their campus and is available for iOS and Android. The service currently covers over 1,300 colleges in the U.S.
Similar Read:  Fundingwire - Payment Tech Startup ToneTag Raises Fresh Funds & More Funding Updates
Category