TECH CRUNCH - Nov 18 - French startup Yubo, which focuses on young people under 25, has managed to attract 40M users. A fraction of them hang out every day in live-streaming rooms, meet new people and spend money for more features. Yubo expects to double its revenue this year to $20M. The app has recently closed a Series C funding round of $47.5M (previously raised $19.5M) With this funding round, Yubo will expand its team. There are currently 30 employees in Paris, London and Jacksonville. Yubo will open an office in New York.