Yik Yak, an Atlanta, GA-based social messaging app for hyper-local engagement, raised $1.5m in funding.
Backers included Vaizra Investments, DCM and Azure Capital Partners and other angels.
The company intends to use the funds to enhance current features of the app, and expand both in the US and overseas.
Founded five months ago by entrepreneurs Brooks Buffington and Tyler Droll, Yik Yak provides an anonymous social app that enables hyper-local community building on iOS and Android devices. The app allows users to connect with everyone else on Yik Yak within a 1.5-mile radius and to deliver timely content to hyper-local areas of people.
It is used at over 100 universities across the US and in areas where events worth sharing are occurring.