After Cyberbullying Scandal, Anonymous Social App Yik Yak Raises $1.5 Million
Anonymous social networking apps are having a moment. Following the notable funding rounds for apps like Secret ($8.6 million) and Whisper ($21 million!), newcomer Yik Yak is today announcing a small amount of outside investment, too. In its case, the company has raised $1.5 million in seed funding for its “hyper-local” chatting app, which controversially grew popular with school kids, leading to several bannings due to cyberbullying, drawing national headlines.