Social alarm clock Wakie secured $1 million from Leta Capital and Titanium Investments

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, 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.”

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