- Yac — an online voice message and asynchronous communications platform — announced it has raised $7.5 million in venture funding led by GGV Capital. These are the details.
Yac — an online voice message and asynchronous communications platform — announced it has raised $7.5 million in venture funding led by GGV Capital with additional investment from the Slack Fund. With this round of funding, Yac will invest further in product development and growth.
And 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% and the company saw a significant increase in daily traffic with those looking for voice messaging or asynchronous meeting solutions. GGV Capital’s investment is going to provide 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.
Initially 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 due to a single tweet by a Yac user who thought it deserved recognition.
Yac’s product now also includes group messaging, a Slack integration and a web app, enabling Yac across many platforms, including Linux and Chromebooks.
KEY QUOTES:
“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.”
— Justin Mitchell, Yac co-founder and CEO
“Yac is reinventing the way we communicate through asynchronous audio messages, allowing teams that cut across organizational boundaries to work better together. We’re reinvesting in Yac because they align with our mission to make the future of work simpler, more pleasant, and more productive, something we’ve already seen through their powerful integrations with the Slack platform.”
— Jason Spinell, Director of the Slack Fund
“Yac is the future of audio within enterprise. Yac’s asynchronous audio-first platform has the powerful ability to transform the way you work and connect with others. At GGV we’ve seen audio-centric communication work globally, and we’re excited about the opportunity Yac has to bring audio-first to the US and beyond.”
— Tiffany Luck, investor at GGV Capital
