YPlan Raises $12 Million
YPlan is an event tracking application that is launching in the United States soon. General Catalyst Partners, Wellington Partners, Octopus Investments, Dave Morin, Shakil Khan, and Kevin Colleran is investing $12 million into YPlan. YPlan is going to use the funding to expand internationally starting with New York City.
Based in London, YPlan launched in November 2012 and curates some of the best events happening in town using algorithms and human editors. YPlan has been downloaded around 200,000 times. Users on YPlan buy last-minute tickets to events and to plan outings with their friends. Rytis Vitkauskas and Viktoras Jucikas are the co-founders of YPlan. Jucikas used to be an executive director at Goldman Sachs.
“This investment will help us take YPlan international; including cities within the US and Europe, but it also brings with it an amazing breadth of expertise to help us perfect our secret sauce of a beautiful, simple and inspiring way to have a great night out, tonight,” stated General Catalyst partner Adam Valkin. “YPlan has the opportunity to become a seminal mobile commerce company. It has grown incredibly fast in London by delighting customers with simplicity, quality and access. Next step is to make this phenomenon a global one.”