Posted January 27, 2021
ORLANDO, Fla., Jan. 25, 2021 /PRNewswire/ -- Yac Inc., an online voice message and asynchronous communications platform, today announced it has raised $7.5 million in venture funding led by GGV Capital with additional investment from the Slack Fund, who also invested in 2020. Yac is currently developing one of the most efficient audio communication platforms for remote teams.
Yac will use the investment for product development and growth. The company expects to continue scaling its distributed teams across go-to-market, product, engineering, and operations functions. During the COVID-19 pandemic Yac increased its user base by over 400%, saw a significant increase in daily traffic with those looking for voice messaging or asynchronous meeting solutions.
GGV Capital's investment provides Yac with access to the firm's large global network to support the company's continued growth at all stages as it goes after a massive global opportunity.
First developed in house by SoFriendly, Yac's audio-first voice messaging platform launched in 2018 by winning Product Hunt's Maker Festival startup competition and then received an initial investment from Boost VC and Adam Draper, all thanks to a single tweet by a Yac user who thought it deserved recognition.
"Audio has become the most powerful and least intrusive communication medium as we head into 2021. It's become clear that we need a workplace solution to the audio-first growth. We are thankful to partner with investors like GGV Capital and the Slack Fund who support our vision," said Justin Mitchell, Yac co-founder and CEO.