YEPP Start-Up Valued At EUR 2.5 M
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
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!
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.
Co-Founder & CEO
“As a platform that only serves technology ventures, SeedBlink is able to connect the start-up with more than just money. SeedBlink investors are primarily technocrats that not only understand the objectives of the fund raising company, but are also able to, post funding, contribute with business opportunities. The minimum investment threshold, and technology focus, differentiates SeedBlink from other fund raising platforms. A perfect fit for a technology start-up seeking intelligent funding”.
Co-Founder & CEO
For us, this bridge round was the first experience of capital crowdfunding. Working with the Seedblink team, we saw a very high degree of professionalism, we had a very good experience and we are very happy with the results of this campaign. From a visibility and impact perspective, we look forward to January in order to capitalise on these new opportunities. As a thought, for all Romanian entrepreneurs, I think that the format offered by SeedBlink can be a good reality check but also a super opportunity to attract investments in their businesses.
Co-Founder & CEO
Getting funding through Seedblink is an event in itself, which can propel the company in a completely different sphere of interest, both for the business area and for the general public. The collaboration with SeedBlink made us realise that an unexpectedly large number of people were concerned about the circular economy and channelling these energies. SeedBlink is a unique construction in the Romanian context, equivalent to the innovation and incandescence of a real incubator.
Co-Founder & CEO
SeedBlink is a unique platform in Romania in what it offers - not only access to finance, but also a facile experience of optimising your business. Using the expertise of the SeedBlink team, start-ups that choose to be listed here get mentored and advice from entrepreneurs, analysts, investors and PR experts for whom he would have paid much more elsewhere, and for these reasons I would say that SeedBlink was more than just a platform for me to successfully raise funds; it was a growth experience, an ecosystem of very nice people and good professionals and overall, a very necessary and valuable presence in the ecosystem of startups in Romania and beyond.
I warmly recommend other startups looking for pre-seed or seed funding to turn to SeedBlink. Through equity crowdfunding, but also mentoring and self-assessment tools provided, SeedBlink covers a niche that other groups of angels, VCs or other alternatives cover only partially or not at all. And beyond the funds raised through SeedBlink, the fact that a start-up has gone through the validation and mentoring offered by the SeedBlink team is an extremely valuable trust badge - you feel like an entrepreneur that you've moved to the next level.
I would recommend SeedBlink to any start-up that wants to publicly validate that it has a profitable, viable and fundable business. As business people, we know that in "one-to-one" selling the chemistry is essential. This dire and transparent "one-to-many" process that SeedBlink proposes, is for any incipient business a breath of oxygen and a reliable boost, that with no doubt any start-up needs. The validation given by a large number of investors who believe in you, I confess that it is invaluable.
Co-Founder & CMO
Crowdfunding is a valid financing option, especially for start-ups that want to have a social impact. Besides access to capital, such a round brings with you a multitude of motivated people, future ambassadors of your business. In a market where it is becoming increasingly difficult to communicate in an authentic and relevant way, I think it is precious to amplify your message through the voice of business people with credibility, customers, partners and so forth. The SeedBlink campaign has brought us a significant profile at a critical moment for Kinderpedia.
Co-Founder & Managing Partner
Given this experience, we no longer imagine how an innovative start-up could develop healthily without such support; you need to be realistic and realize that there are hundreds of start-ups with similar ideas to those of your team, and the difference can only be made by relying on transparency and rigour before an approved jury. The alternative is to rely on luck and to actually work as it is; hoping that you are sufficiently well-informed and experienced and that the cash flow at the beginning of the journey will help you get over pivots, uncertainties and other competitors in the market.
Founder & CEO
SeedBlink has become for us more than a platform of crowdfunding. The team has remained after the successful completion of the campaign, our advisors. They are people with extensive experience, united by a strong common objective: to make significant changes to current investment practices in Europe. We are incredibly pleased that we are now part of the SeedBlink family.
Co-Founder & CEO
The whole process was smooth; you have direct interaction with the founders of SeedBlink. We have never defied ourselves to call any of them to ask for feedback; they have provoked us a great deal -- that's why we think you must prepare before you have such an interview. As for the campaign - it ended in less than an hour, although the timeline had been allocated 30 days.
Co-Founder & CEO
Getting financing through Seedblink is a transparent and fast option of fundraising for start-ups that want to accelerate their growth. The crowdfunding campaign was an intense one, receiving all the support and openness from SeedBlink, both strategical and operational. Although our listing was atypical, our team and Seedblink’s team worked as one, united and with a common goal, leading to reaching and exceeding initial targets in just three days. The success of the campaign has created visibility both at national and abroad.