# Yac Media

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yac-media

- Industry: Internet
- Headquarters: Kissimmee, US
- Website: www.yac.com
- Total disclosed funding: $9.1M
- Latest round: Series A (Jan 22, 2021)
- Investors on record: 7

## About

Yac Media Inc. offers an innovative platform that enhances asynchronous communication through voice messages, effectively reducing the necessity for meetings and enabling remote teams to collaborate efficiently.Founded in 2019 and headquartered in Kissimmee, US, Yac Media Inc. focuses on providing tools to streamline communication in remote working environments. The company was co-founded by Justin Mitchell, Hunter McKinley, Hunter Moonshot, and Jordan Walker. Yac has successfully completed a Series A funding round, raising USD 7.5 mn on January 22, 2021, with investors including Granite Asia and Slack Fund. To date, Yac has engaged in a total of 5 deals.Yac provides a platform designed to eliminate the need for meetings through the use of voice messages, facilitating asynchronous communication among remote teams. The core product enables users to record and send audio messages, which can replace lengthy meetings and complex emails, thereby streamlining updates and decision-making processes. This tool is particularly beneficial for teams that require quick, efficient communication, allowing users to respond at their convenience. Yac serves a diverse client base, including startups and established businesses, particularly within the technology sector, that operate in various geographical markets, including North America and Europe. The company’s solutions are tailored to enhance productivity in remote working environments, catering to organizations seeking to optimize their communication strategies.Yac generates revenue primarily through subscription-based pricing models, targeting businesses that implement their communication tools for team collaboration. Clients typically engage in monthly or annual subscriptions, which provide access to Yac's core functionalities, including voice messaging, audio/video sharing, and screen sharing capabilities. Specific pricing tiers are designed to accommodate different sizes of organizations, from small startups to larger enterprises, with options that allow clients to scale their usage according to their needs. The firm's transaction structure focuses on B2B relationships, where businesses subscribe directly to the service, resulting in predictable revenue streams aligned with client usage. This model supports a range of customer interactions, enhancing user engagement while minimizing the reliance on synchronous communication methods.In January 2021, Yac Media Inc. raised USD 7.5 mn in Series A funding co-led by new investor GGV Capital and returning investor Slack Fund. The recent funding will support the development of new products designed to further enhance communication tools and may include features to improve user experience by mid-2022. Yac plans to expand its market reach into Europe and Asia by the end of 2023, targeting organizations that are adapting to remote work and seeking effective collaboration solutions.

## Funding rounds

- Series A, Jan 22, 2021, $7.5M — Granite Asia, Slack Fund
- Seed, Jan 16, 2020, $1.3M — Betaworks Studio, LLC, Active Capital, TechNexus Venture Collaborative, Florida Funders
- Seed, Apr 26, 2019, $0.3M — Betaworks Studio, LLC, Boost VC

## Investors

- Betaworks Studio, LLC — Seed
- Boost VC (https://capitalatlas.ai/funds/boost-vc) — Seed
- Active Capital (https://capitalatlas.ai/funds/active-capital) — Seed
- TechNexus Venture Collaborative (https://capitalatlas.ai/funds/technexus-venture-collaborative) — Seed
- Florida Funders (https://capitalatlas.ai/funds/florida-funders) — Seed
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series A
- Slack Fund (https://capitalatlas.ai/funds/slack-fund) — Series A