Yik Yak Gets $1.5 Million Injection of Funding
The hyperlocal anonymous messaging app announced its biggest round of funding since it launched five months ago.
Today, the hyperlocal anonymous messaging app Yik Yak announced a $1.5 million infusion of investment. This is the largest round of funding since the startup was founded in October 2013.
The app, which connects people within a mile-and-a-half radius of each other via anonymous feed, has received criticism because of the low barriers to entry. However, Yik Yak has been proactive in addressing concerns that high school and middle school students might use the app as a cyber-bullying tool.
According to the announcement, students at Southern University used the app to raise money to help fund the cancer treatment for a fellow student.
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