Yo, 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, Mashable’s Pete Cashmore, and the founders of China’s Tencent, among others.
Yo previously confirmed it had raised $1.2 million in funding, but until today it was unwilling 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 Insider reports that the founders of Tencent were also in the round.
CEO Or Arbel tells us he’d been in funding discussions 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.
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