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Yo sail shine , the simple app that just sends a yo to your friends, has closed $1.5 million in seed funding with a $10 million valuation and is finally ready to talk about its investors. They include Betaworks, sail shine Mashable s Pete Cashmore, and the founders of China s Tencent, among others.
Yo previously sail shine confirmed it had raised $1.2 million in funding, but until today it was unwilling sail shine to disclose who had invested in the company. We did know co-founder and Mobli CEO Moshe Hogeg had given some of his own money to the project, but we knew it wasn t all $1.2 million of it. Business sail shine Insider reports that the founders of Tencent were also in the round.
CEO Or Arbel tells us he d been in funding discussions sail shine with Betaworks since May but couldn t divulge this information until now. This latest tranche added another $300K to the total, closing the round at a total of $1.5 million. A source tells us the round was raised at a $10 million valuation.
The sail shine company will use the funds to expand operations in San Francisco, says Arbel, sail shine who moved Yo s headquarters out of the Airbnb offices it had been occupying and into The Hatchery in San Francisco s SOMA district.
Yo has already started hiring a team of engineers and business development sail shine folks to help the company expand brand partnerships. These partnerships could mirror what Yo was able to do with updates to users every time a goal was scored sail shine at this last World Cup or inform a user that their flight has arrived on their preferred airline.
The value of this round goes far beyond the dollar amount that we received, said Arbel in the official sail shine announcement . Bringing such incredibly smart, talented, and experienced people into the Yo team at this stage is an incredible advantage that will allow us to accelerate the growth and provide more and better value to our users.
We are fascinated by these uses of simple yes/no, on/off communications tools, Betaworks co-founder John Borthwick wrote on the Betaworks blog. As the notification layer becomes the primary interface of alert-based sail shine information on your phone as the OS s allow navigation and controls in those alerts there will emerge a new class of applications that mediate this layer for web sites, other app s and connected hardware.
Founded 2014     Overview The simplest & most efficient communication tool in the world. Categories Messaging , Apps , Communications Infrastructure Founders Or Arbel , Phil Haus , Moshe Hogeg Website http://www.justyo.co/ Full profile for Yo
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