- Yubo, a Paris, France-based platform for young people to socialize online, raised $47.5m in a Series C funding round
- The round was 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, co-founder of Insight Partners will become an independent member of the Yubo Board
- The company intends to use the capital to continue to develop the platform and expand into new markets
- The funding will used to further develop the app’s dedication to live streaming capabilities, adding new features
- Also, Yubo will continue increasing its in-app support and prevention capabilities with educational tools and key partnerships with NGOs
