Yope, a burgeoning photo-sharing app, has attracted significant interest from investors by amassing 2.2 million monthly users and showing a staggering 30x growth in six months. Known for its ability to share images within private groups, the app boasts a promising 40% day-seven retention rate. This success has led to an initial seed funding of $4.65 million at a valuation of $50 million, with major investors, including Goodwater Capital and notable angel investors. Yope's blend of user engagement tactics and social network inspirations makes it a contender in a competitive market.
"Yope is driving people/VCs a bit crazy," one source told TechCrunch, who added that some have been optimistically referring to it as "the new Instagram."
With 30x growth in just six months, Yope has now amassed 2.2 million monthly active users and a 40% day-seven retention rate.
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