The school-centric nameless messaging app Yik Yak has raised $sixty two million, valuing the corporate at $300 to $four hundred million, reports The Wall Street Journal . Buyers are betting on two tendencies: anonymity and messaging. Sequoia Capital led the funding. In accordance with the WSJ, the enterprise capital agency made greater than $three billion because of a $60 million funding in messaging app Whatsapp.
Yik Yak raised $1.5 million in April of this yr and one other $10 million in June. The app is just a few yr previous. For some context:
Fb at 1 yr previous: $thirteen.2MM complete raised. Yik Yak at 1 yr previous: $seventy three.5MM complete raised.
— Sam Altman (@sama) November 24, 2014
The app has had its share of challenges in its younger life, together with cyberbullying, bomb threats and the requisite lawsuit from a former friend.
Nevertheless, Yik Yak’s founders Tyler Droll and Brooks Buffington have their sights set past school campuses: They need to take on Twitter. Properly, they definitely have plenty of work to do to courtroom the non-school-age crowd:
These are the highest-rated messages on YikYak, the app that simply raised $sixty two million from Silicon Valley’s greatest VCs. http://ift.tt/1pfZhud
— Dennis Okay. Berman (@dkberman) November 24, 2014
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The post Yik Yak Raises $sixty two Million, Valued at $300 to $four hundred Million appeared first on DICKLEUNG DESIGN 2014.
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