yuilop raises 4.5 million Euro Series A round for International expansion

yuilop raises 4.5 million Euro Series A round for International expansion

Online PR News – 25-May-2012 – Barcelona – Barcelona, May 22nd 2012 – yuilop, the free-to-all social communication service, announced
today that it has closed a 4.5 million Euro ($6M) Series A round led by Hamburg-based
Shortcut, and co-investors, the Russian VC Bright Capital (part of RU.COM) and private telecom
investor Bruno Ducharme, as well as continued participation of existing investor Nauta Capital.
The funds will be used to drive yuilop's aggressive international expansion and continuous
improvement of the product.
yuilop’s mission is to make mobile communication free, regardless of addressee, destination,
app or device. The company offers a free-to-all social communication service - app based - for
all of the major mobile platforms which integrates Facebook Chat, IM, and free and unlimited
SMS text messaging to any phone, anywhere in the world, with support for free calls coming
Unlike other social messaging or VoIP apps, yuilop is able to offer free and full SMS
functionality (and in future, free calls to mobiles and fixed lines) through being ad-supported
and by employing gamification via yuilop’s unique points-based “energy” system which rewards
users based on how they use the app.
The service launched first in Germany last year, becoming the number one free Social
Networking app in the iOS App Store, and more recently expanded to Spain, where it is on
course to achieve the same.
New board appointments
Shortcut will be represented on yuilop’s board by Martin Ostermayer, while Vadim Tarasov from
BrightCapital also joins the board. In addition, Bruno Ducharme will join the board as advisor.
Jochen Doppelhammer, CEO of yuilop: “We are delighted to have attracted such a high caliber
group of investors, including the continued support of Nauta, which shows a lot of confidence
in yuilop’s mission to make mobile communication free-to-all, regardless of channel, device or
Martin Ostermayer, Partner at Shortcut: “yuilop is founded by a team of experienced
entrepreneurs who have a proven track record of disrupting the telecoms industry, and this
coupled with great technology and an ambitious mission, fits perfectly with our investment
strategy which focuses on international startups specializing in the fields of Internet, Mobile,
Games, and Social Media.”
Additional notes to editors
yuilop is co-founded by ex-KPN Spain Founder & CEO Jochen Doppelhammer, who also
led the mobile brand simyo to become the fastest growing and number one MVNO in Spain,
together with ex-KPN Spain CSO Tono Brusola.
yuilop is headquartered in Barcelona with a development center in the south of Spain.
In December 2010, yuilop announced its first funding round, a one million Euro seed investment
by Barcelona/Boston-based Nauta Capital, a VC fund targeting early stage technology
companies in Europe and US.
Media contact
Jacques Frisch
yuilop - www.yuilop.com/
C/ Paris 207, 3º1ª
08008 Barcelona, Spain
Tel.: +34 936761378
About Nauta Capital
Nauta Capital (www.nautacapital.com) manages three funds and has offices in Barcelona
and Boston. Nauta recently launched its third fund, Nauta III, and has a total of $230M under
management. Nauta invests from $1M to $10M per company, mainly in three technology
verticals: wireless/mobility, enterprise SW / SaaS / Security, and ecommerce / internet. Nauta
targets companies for investment in very early stage (Seed Capital) up to more advanced
stages of development (Series A and B). Nauta actively invests in Western Europe and the US.
About Shortcut
Shortcut Ventures (www.shortcut.vc) is a German Venture Capital Enterprise created by
founders for founders. The main focus of Shortcut Ventures investment strategy is on
international startups specializing in the fields of Internet, Mobile, Games, and Social Media.
Along with the financial support, firms in the portfolio are also provided with access to founder
knowledge and know-how. Shortcut Ventures is managed by Dirk Freise, Martin Ostermayer,
and Thorsten Rehling, entrepreneurs and founders of multiple companies such as blau.de and
handy.de. The enterprise’s main investor is the Dutch telecommunications corporation, KPN.
About Bright Capital
Bright Capital (www.bright-capital.com) is an independent venture capital firm that invests
globally in a wide range of promising companies solving problems in a variety of clean
technology, industrial bio, telecom/electronics and it markets. apart from the investment, bright
capital provides portfolio companies with access to the russian and cis-market through its
network of connections to the largest russian industrial companies.
About Bruno Ducharme
Bruno founded and led TIW, a mobile operator with operations in Central and Eastern Europe.
He now invests in telecommunications projects, such as mobile operators, mobile technology
companies, satellite operators and fiber optic deployment projects.