Yubo Closes $47.5M Series C Funding Round
Summary
The funding will be used to further develop the app’s dedication to live streaming capabilities, adding new features that will diversify the ways in which Yubo users can interact. Finally, the company will develop unique recommendation algorithms to personalize its users’ experience based on their interests, social interactions, and activities on the app. The company seeks to increase its international growth even further, with ambitions to expand its community in Southeast Asia, Japan, Taiwan, and South Korea. Launched in 2015 by Sacha Lazimi, CEO and co-founder, Yubo is a platform for GenZ to socialize online, reaching over 40 million users across 40 countries. Since its launch in 2015, Yubo has grown significantly in key markets including the US, the UK, Australia, Canada and France.
Funding
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