Leta Capital, the venture arm of Russian IT security solution provider Leta Group, and Titanium Investments, an international venture fund with Russian connections, have invested $1 million in Wakie, the developer of a social alarm clock.
The deal, which was closed in August, has just been revealed by Russian tech blog Firrma.ru, which refers to an exchange with Leta’s co-founder and general manager Alexander Chachava.
If you would like to be woken up tomorrow morning by a friendly stranger’s call instead of a typical alarm, Wakie is for you. This mobile app enables you to set up the date and time you wish to be awoken, and a volunteer will call you at that exact time. The service is anonymous: Wakie volunteers place a call to the service number whiсh automatically redirects the call to sleepy mobile users.
Launched in 2011, the award-winning startup received initial angel funding before getting a $25,000 grant from ‘Start Fellow,’ a grant project of Yuri Milner and Pavel Durov.
In 2012, the company secured its Series A round of financing from Leta Capital. The fund injected $2 million based on a pre-money valuation of around $7 million at that time.
Wakie’s original Russian name is “Budist” – a play that has nothing to do with Buddhism, but that derived from the Russian verb “budit” or “wake up someone.”