What is Yubo?
Founded in 2015 and headquartered in Paris, France, Yubo operates as a social media application designed to facilitate friendships among individuals under the age of 25. The platform aims to provide a safe and engaging environment for young users to connect and interact. Yubo's strategic capital injections, including its recent major investment, indicate a strong investor confidence in its business model and its ability to capture and retain a significant share of the youth demographic in the competitive social media landscape.
How much funding has Yubo raised?
Yubo has raised a total of $64.8M across 3 funding rounds:
Series A
$5M
Series B
$12.3M
Series C
$47.5M
Series A (2018): $5M with participation from Alven
Series B (2019): $12.3M led by Alven, Sweet Capital, Financière Saint James, Village Global, Idinvest Partners, and Iris Capital
Series C (2020): $47.5M supported by Iris Capital, Alven, Idinvest Partners, Gaia Capital Partners, and Sweet Capital
Key Investors in Yubo
Alven
Alven is an independent early-stage venture capital firm with 25 years of experience, focusing on supporting European entrepreneurs. They are known for their direct approach and quick execution, providing resources and guidance throughout a company's growth journey.
Sweet Capital
Sweet Capital is a private investment fund founded by the creators of King.com (Candy Crush Saga). They leverage their extensive expertise in the gaming and technology sectors to invest in innovative companies and startups.
Iris Capital
Iris Capital is a venture capital firm specializing in providing funding and sector-specific expertise to tech entrepreneurs across various stages, from seed to late-stage growth, with a focus on ESG commitments.
What's next for Yubo?
The substantial enterprise-level funding Yubo has garnered, culminating in its recent major strategic investment, positions the company for accelerated scaling and product innovation. This capital infusion is expected to drive enhancements to its platform, expand its user base globally, and potentially explore new features or market segments. Yubo's consistent access to significant financing suggests a robust growth strategy and a clear path toward solidifying its presence as a leading social platform for younger generations.
See full Yubo company page
