Yack Secures $10.2 Million in New Round of Funding
Yack (http://www.yack.com), anInternet Program Guide, closed its third round of financing today, securing $10.2 million from a group of investors led by Trans Cosmos USA.
In addition to Trans Cosmos, all of Yack's series B investors havere-upped for this latest round, including Mayfield Fund, Waterview Partners, Blue Chip Ventures, Infinity Capital LLC and Weiss, Peck & Greer Venture Partners, L.P.
Jeff Morris, President and CEO of Yack, said in a statement that the funding will allow Yack to continue to develop strategic partnerships that will increase its distribution both domestically and internationally, and expand its product offerings, such as Yack's vertical program guides.
Last week, Yack unveiled the first of its new, targeted vertical program guides - Yacksters.com. The guide is a source for teen-related content on the Web.
Apparently, Yack's third round of funding was unaffected by the fact that they called off their acquisition agreement with ChannelSeek.