Yo! Valued At $10M After Completeing $1.5M Seed Funding Round

July 20, 2014 | The social app Yo! raised $1.5 million in seed funding, valuing the application at $10 million. Yo! also reported the names of its investors, which they have kept undisclosed thus far, including Betaworks, Mashable’s Pete Cashmore and the founders of China’s Tencent, among others. In addition, one of the founder’s of the company, Mobli CEO Moshe Hogeg also invested in the company. According to Yo! the funds will be used to expand operations in San Francisco, and to hire a team of engineers and business developers. Over 2 million people worldwide have downloaded Yo!’s application worldwide since its release last month.