YEPP, the first social peer-to-peer sports betting app developed in Romania, wants to complete its seed round through SeedBlink, aiming for 250,000+ EUR from the crowd investing platform.
YEPP, the first social peer-to-peer sports betting app developed in Romania, wants to complete its seed round through SeedBlink, aiming for 250,000+ EUR from the crowd investing platform. The start-up has already secured a 300,000 EUR investment from Spyglass Management, a private investment firm based in Chicago (USA). The investment was completed on a pre-money valuation of EUR 2.5 million further underlining the competitive and business potential the start-up has.
YEPP aims to revolutionize sports entertainment by allowing sport fans to bet on any sport event, directly between each other, in a friendly, simplified, and digital environment. The start-up is Romanian-based, and the locally developed app was launched in 2021, following the founders’ initial investment of over 350,000 EUR.
YEPP’s mobile app is compatible with both Android and iOS devices and is already available in 10 languages in countries and territories across Europe, North America, and South America. The app allows users to place sports bets with their friends, to locate local sports bars, while also offering an overview of sports broadcasting channels. YEPP users can now benefit from a social and personalized fan engagement journey, that they’re in full control of.
“This investment is more than an important milestone for YEPP. It’s a steppingstone and show of trust in our vision – giving sport fans a tool to enjoy sports together with their friends. And we’ve only just started, with a lot of expansion plans in our sights! Through this seed round, we will be able to not only continue unlocking YEPP’s potential, but to launch YEPP in important international markets and start bringing the app in the hands of sport fans worldwide.” said Cosma Wolkonsky, CEO YEPP.
“YEPP has shown signs of fantastic potential and we’re excited to stand by them in unlocking this potential and opening new ways to entertain people, starting from fans’ passions and favourite sports. The team behind this disruptive product has also shown its dedication to innovating an industry as old as time, and we believe the time is right for YEPP. The peer-to-peer online social sports betting platform is a bold and innovative resource, that we believe has great potential for traction.” said Ted Cominos Advisor to Spyglass Management.
YEPP will focus to further grow its presence and operations in 9 key cities in Europe, including Berlin, London, Madrid, Milan, and Paris, as of January of 2022. With The Qatar World Cup 2022 in sight, YEPP’s 2022 expansion plans include major sports cities across the globe.
YEPP, the first social peer-to-peer sports betting app developed in Romania, aims to revolutionize sports entertainment by allowing fans to predict sports results among themselves, in a friendly, simplified, and digital environment. The start-up is Romania-based, being founded by Cosma Wolkonsky and Paul Radu, both with experience in business and sports. The locally developed app was launched in 2021, following the founders’ initial investment of over 350,000 EUR.
PublishedNovember 23, 2021
Co-Founder & CEO
As a platform that only serves technology ventures, SeedBlink can connect the start-up with more than just money. SeedBlink investors are primarily technocrats who understand the objectives of the fundraising company and are also able to post-funding contribute with business opportunities. The minimum investment threshold, and technology focus, differentiates SeedBlink from other fundraising platforms. A perfect fit for a technology start-up seeking intelligent funding.
Co-Founder & CEO
SeedBlink boosted our brand exposure and facilitated the financial support we were seeking. Having a campaign on the platform allowed us not only to meet a team of professionals - that guided and helped us prepare the necessary materials - but also opened doors for increasing our brand awareness and have discussions with VCs & angel investors we have never reached before. This campaign gave us the encouragement we needed to push the product further, while the record-breaking fundraising (only 2 hours from the launch of the campaign!) was a great confirmation that our product is needed in this market and that we should continue innovating.
CEO & Co-founder
SeedBlink has created a vital ecosystem for startups at the beginning of their journey by equipping entrepreneurs with expertise, encouraging honest and sometimes uncomfortable but necessary discussions about risks and vulnerabilities through a suite of tools, and facilitating connections with investors who share the founders' vision and can contribute to their success. I have greatly appreciated the constant support of Eric and the entire team at all stages of the campaign. Thank you so much!