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Home World News Yope raises $12.3M to build a private social…

Yope raises $12.3M to build a private social network without algorithms or ads

· · Updated · 1 min read

“Yope is a fresh, empowering and safe take on social media where the users are in full control of their experience in contrast to the predatory practices of Meta, TikTok or X,” said Pär-Jörgen Pärson, partner at Northzone, in a statement. “We are very excited to partner with Bahram, Paul and their team to build the service far beyond the current millions of users and half a billion moments shared.”

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The funding will be used to further develop the product, grow the team — now around 35 people — and establish an office in the United States.

Yope is a free download on iOS and Android.

Correction: Users are exchanging 10 to 20 million pieces of content weekly, not daily; the founder misspoke. We have updated the post accordingly.

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Nairavoice
Contributor at NairaVoice.com.ng