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Yubo raises $12.3 million for its social app for teens

French startup Yubo has raised a $12.3 million funding round led by Iris Capital and Idinvest Partners.

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.

In addition to meeting new people, you can start conversations and create live video streams to hang out together.

Since 2015, Yubo users have sent each other 10 billion messages and started 30 million live video streams.

With today’s funding round, the company wants to attract users in new markets.

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