Yik Yak Reportedly Raises $62M

yik yakYik Yak, an Atlanta, GA-based anonymous messaging app, reportedly raised $62m in third funding round this year.

According to the WSJ (read here), the round was led by Sequoia Capital with current investors expected to participate.

The company had previously raised $10m in June 2014 from Azure Capital Partners, Renren Inc. (NYSE: RENN), Tim Draper (read here) and $1.5m in April 2014 from Vaizra Investments, DCM and Azure Capital Partners and other angels (read here).

The round would value the startup at $300m/$400m.

Yik Yak intends to use the funds to continue to grow and add new features.

Founded by Tyler Droll,  the app allows users to send and receive anonymous messages based on their location with no sign in, no profile, just chatting with anyone around them.

The company is currently hiring.

FinSMEs

26/11/2014

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