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706 Teen social app Yubo raises €40 million to expand features

Business of Apps
Anne Freer @ Business of Apps · 11/19/2020 04:30 EDT

Teen social app Yubo raises €40 million to expand features

Yubo, the teen social app, just raised €40 million in a third funding round that included investors Idinvest, Iris Capital, Alven, Sweet Capital and Gaia Capital Partners. The app, which is all about community and making new friends, said it will use the funds to improve its functionalities by adding games. Yubo will expand to London this autumn and plans to hire several new members of staff. It was created in 2015 by Sacha Lazimi and is headquartered in France. By September 2020, Yubo said it had attracted

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