Anonymous Social Messaging App, Yik Yak, Raises $1.5M

YIK YAK: $1.5 million to Atlanta, GA-based Yik Yak in a seed round from Vaizra Investment, DCM, Azure Capital Partners and angel investors. Founded in December 2013, Yik Yak offers a "hyper-local" anonymous messaging app originally designed for college students, but which was quickly adopted by middle and high schoolers. The app was soon tied to cyberbullying, leading the founders to use "geofencing" to prevent students from using the app on campuses. The app is now used in over 100 U.S. universities, says the press release.

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