Former Uber exec Jambu Palaniappan joins Omers Ventures in Europe

5:00 pm +08 • December 10, 2019

Earlier this year, Omers Ventures, the venture capital arm of Canadian pension fund Omers, outed a new €300 million fund aimed at European technology startups, having recruited local VCs Harry Briggs, Tara Reeves and Henry Gladwyn.

French startup Yubo has raised a $12.3 million funding round led by Iris Capital and Idinvest Partners. Existing investors Alven, Sweet Capital and Village Global are also participating. The startup has managed to attract 25 million users over the years — there are currently tens of thousands of people signing up to the platform every day.

Yubo is building a social media app for young people under 25 with one focus in particular on helping teenagers meeting new people and creating friendships. Compared to the most popular social media apps out there, Yubo isn’t focused on likes and followers.

Instead, the app helps you build your own tiny little community of friends. Yubo wants to become a familiar place where you belong, even if high school sucks for instance.

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More details in my previous profile of the company:

In addition to meeting new people, you can start conversations and create live video streams to hang out together. Each stream represents a micro-community of people interacting through both video and a live chat.

Since 2015, Yubo users have sent each other 10 billion messages and started 30 million live video streams. Overall, the user base has generated 2 billion friendships.

Soon, users will be able to turn on screensharing to show something on their phones. And at some point in 2020, Yubo should release Yubo Web in order to expand Yubo beyond your smartphone and enable new use cases, such as video

Other posts

Former Uber exec Jambu Palaniappan joins Omers Ventures in Europe

5:00 pm +08 • December 10, 2019

Earlier this year, Omers Ventures, the venture capital arm of Canadian pension fund Omers, outed a new €300 million fund aimed at European technology startups, having recruited local VCs Harry Briggs, Tara Reeves and Henry Gladwyn.

Former Uber exec Jambu Palaniappan joins Omers Ventures in Europe

5:00 pm +08 • December 10, 2019

Earlier this year, Omers Ventures, the venture capital arm of Canadian pension fund Omers, outed a new €300 million fund aimed at European technology startups, having recruited local VCs Harry Briggs, Tara Reeves and Henry Gladwyn.

Former Uber exec Jambu Palaniappan joins Omers Ventures in Europe

5:00 pm +08 • December 10, 2019

Earlier this year, Omers Ventures, the venture capital arm of Canadian pension fund Omers, outed a new €300 million fund aimed at European technology startups, having recruited local VCs Harry Briggs, Tara Reeves and Henry Gladwyn.