Yobongo Raises $1.35 Million From Angel Investors

Posted Mar 27, 2011

Yobongo is a location based mobile group chat startup company that has raised $1.35 million in funding from several angel investors. You can chat with random people that are near you and they plan to launch an Android app soon too.

Back in October, Yobongo CEO and co-founder Caleb Elston tried to pitch the ideas to investors but did not have any luck. Few investors thought it would work. They bootstrapped and worked hard on the product. As a result, the product was released a few weeks ago.

“We were literally 10 minutes from sending the beta to one of our investors, but then he called, emailed, texted, and Yobongo messaged me, ‘I get it, I’m in,'” said Elston. Investors in this round include Mitch Kapor, Gary Vaynerchuk, and Dave Morin.