Youbetme, a San Francisco, CA-based provider of a social betting platform, raised $1.2M in seed funding.
Private angels provided the capital.
Led by Co-founders Jason Neubauer and Justin Jarman, along with Nils Lahr, CTO, Youbetme provides a platform to place a bet, name the stakes, and then collect from any iOS device, or via the web. It tracks opponents, bet terms, and the outcome of the bet in a few steps.
The company launched with partnerships with brands including NakedWines, Sports One Marketing, Tonic Nightlife Group, etc.