YPlan Raises $12M in Series A Financing

YPlan, a London, UK-based startup that provides a mobile going out app, raised $12m (approximately £7.9m) in Series A financing.

The round was led by General Catalyst Partners and existing investors Wellington Partners and Octopus Investments, with participation from A-Grade, SLOW Ventures Fund, and Shakil Khan.

The company intends to use the capital to expand in the United States, with New York launching during the second half of 2013. The team has already opened its New York office and is currently hiring.

Founded in 2012 and led by CEO Rytis Vitkauskas, YPlan has launched its going out app in London last November with new NYC launch planned for later this year.
The YPlan app is available free on iPad, iPhone or iPod touch at: www.yplanapp.com/download



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