-- Latest funding round follows a year of exponential growth for Yubo with an 
increase of 400% of time spent in live stream, as Yubo has already attracted 
over 40 million young people worldwide.

Yubo (http://yubo.live/ ), the leading platform for young people to socialise 
online, today announces a $47.5 million Series C round, led by existing 
investors Idinvest, Iris Capital, Alven and Sweet Capital as well as new 
investors, including Gaia Capital Partners. As a part of the round, Jerry 
Murdock (https://www.insightpartners.com/team/jerry-murdock ), co-founder of 
Insight Partners (investors in Twitter, Snapchat, TrueCaller…), will also 
become an independent member of the Yubo board. 

Logo - https://mma.prnewswire.com/media/1337253/yubo_Logo.jpg 

In less than a year ( 
https://newsroom.yubo.live/yubo-leve-11-2-meu-pour-soutenir-sa-croissance-internationale-et-poursuivre-le-developpement-de-sa-plateforme-plebiscitee-par-la-generation-z/ 
), Yubo raised over $60m with international investors such as Village Global 
and the current round investors. The new funding round will be used to support 
further product development of the platform and strengthen its place as the 
leading social space for GenZ to socialise online. Designed to renew the 
concept of social media being fuelled by likes or followers, Yubo is quickly 
transforming the way in which Gen Z connects online by giving young users a 
place where they can just hang out and be themselves without any pressure to 
perform. 

Strong ambitions after a year of exponential growth 

Since its launch in 2015, Yubo has grown significantly in key markets including 
the US, the UK, Australia, Canada and France. Following a successful year in 
2019, Yubo is expected to end 2020 with a revenue of $20million, doubling its 
turnover from 2019. 

The company seeks to increase its international growth even further, with 
ambitions to expand its community in Southeast Asia, Japan, Taiwan, and South 
Korea. In 2020 alone, the number of users in the Philippines who are active on 
Yubo on a daily basis grew by 1700%, with time spent in live stream doubling. 

Product development : an innovative and educational approach to enrich users 
experience 

The Series C investment will be used to further develop the app's dedication to 
live streaming capabilities, adding new features which will diversify the ways 
in which Yubo users can interact.

These new capabilities will further enrich the user experience with more 
content via a YouTube integration, new activities and games. Yubo is also 
partnering with Snap Inc. to integrate Camera Kit, bringing Snapchat's camera 
and AR lenses to the Yubo platform. Finally, Yubo will develop unique 
recommendation algorithms to personalize its users' experience based on their 
interests, social interactions, and activities on the app.

This funding round will also be used to further strengthen the platform's 
commitment to developing unrivalled safety measures. Yubo's dedication to 
building industry-leading safety features, such as age verification and 
real-time intervention, will continue growing and raising the bar with the 
support of this new funding.  

          For all media inquiries please contact press@yubo.live 


SOURCE  YUBO