# Twelve-App

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/twelve-app

- Industry: Internet
- Headquarters: Paris, France
- Website: www.yubo.live
- Total disclosed funding: $63M
- Latest round: Series C (Sep 17, 2020)
- Investors on record: 6

## About

Twelve-App SAS operates Yubo, a social networking platform that connects young users through shared interests, facilitating friendship and community in a secure environment.Twelve-App SAS, headquartered in Paris, France, was founded in 2016 by Arthur Patora, Jérémie Aouate, and Sacha Lazimi. The company has evolved to focus on providing a social platform primarily for Gen Z users, targeting markets including the United States, France, Canada, and various European nations. The company has completed five funding rounds, with its most recent round being a Series C in September 2020, raising EUR 37.51 mn from investors including Alven, IRIS, Idinvest Partners, Revaia, and Sweet Capital. The total amount raised by the company to date stands at EUR 37.51 mn, with a current valuation of EUR 173.45 mn.Yubo’s core offering is a social networking platform designed for young users to connect with like-minded individuals and form new friendships. The platform facilitates casual interactions through video and text chats, enabling users to engage in conversations based on shared interests, ultimately creating a relaxed social environment. Launched with a focus on Gen Z, Yubo aims to address the need for safe and genuine social connections among its users, enhancing the online interaction experience. The platform operates prominently in markets such as the United States, France, Canada, and several other European countries, catering primarily to a younger demographic. Yubo's user base consists of individuals seeking not just friendships but also community engagement, with features designed to foster inclusivity and ease of access.In 2016, Yubo reported a revenue of EUR 127,598.40, with an EBITDA of EUR -303,666.70. The company generates revenue through a freemium model, allowing users to access basic features for free while offering premium subscriptions for enhanced functionalities. This monetization strategy enables Yubo to provide users with additional perks, increasing their overall interaction experience within the platform.In September 2020, Twelve-App SAS raised EUR 40 mn in Series C funding, co-led by Alven, Idinvest Partners, Iris Capital, Sweet Capital, and Gaia Capital Partners. The company plans to utilize this funding to enhance product offerings and expand into new geographic markets. Future initiatives include the launch of additional features designed to increase engagement among users and to further develop its presence in existing markets such as North America and Europe.

## Funding rounds

- Series C, Sep 17, 2020, $44M — Idinvest Partners, Alven, IRIS, Sweet Capital, Revaia
- Series B, Oct 16, 2019, $12M — Idinvest Partners, Alven, IRIS, Sweet Capital, Village Global
- Series A, May 5, 2017, $6.4M — Alven

## Investors

- Alven (https://capitalatlas.ai/funds/alven) — Series A, Series B, Series C
- Idinvest Partners (https://capitalatlas.ai/funds/idinvest-partners) — Series B, Series C
- IRIS (https://capitalatlas.ai/funds/iris) — Series B, Series C
- Sweet Capital (https://capitalatlas.ai/funds/sweet-capital) — Series B, Series C
- Village Global (https://capitalatlas.ai/funds/village-global) — Series B
- Revaia (https://capitalatlas.ai/funds/revaia) — Series C