The company will use the proceeds to meet growing demand and improve technology.
Live social video broadcasting app Yevvo has raised $3.7 million in its first financing round from Israel's Aleph and Entrée Capital. The company previously raised $500,000 in seed financing. The company, founded in 2013 and based in Tel Aviv and San Francisco, will use the proceeds to meet growing demand and improve the technology.
“The next generation of social is not about sharing, but rather taking part,” said Yevvo CEO Ben Rubin. “With Yevvo, people enjoy the ability to immediately go live with their friends and viewers. The audience changes the reality as the story unfolds in real time. With one click, you can bring your friends and family into your reality."
Published by Globes [online], Israel business news - www.globes-online.com - on February 12, 2014
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