Yubo, the social platform where Generation Z creates communities of friends around the world, announced a $12.3 million (approx €11 million) fundraising round led by Iris Capital and Idinvest Partners, alongside historical investor Alven, Sweet Capital, and Village Global.
This funding will enable the company to accelerate its international expansion into new regions and work on the technological development of the social platform. To support its growth, Yubo will hire 35 new staff members in the next six months, growing its total headcount to 50 people.