Extensive use of social media maybe just a part of being a teenager; however, using it safely is also of utmost importance. In a recent development, Paris-based Yubo, an online social platform aims to provide young users with a place to hang out and be themselves. It has raised $47.5M (approx €39.9M) in its Series C round of funding led by existing investors Idinvest, Iris Capital, Alven, and Sweet Capital, as well as Gaia Capital Partners.
As a part of the round, Jerry Murdock, co-founder of Insight Partners (investors in Twitter, Snapchat, TrueCaller), will also become an independent member of the Yubo board.