YPlan Secures $12 Million Series A Funding to Expand into the US

YPlan, a London-based mobile going out app startup, secured $12 million in Series A funding led by General Catalyst Partners

The investment will be used to expand YPlan's operations into the United States, with a launch in New York planned for later in 2013

Existing investors Wellington Partners and Octopus Investments also participated in the round, along with A-Grade, SLOW Ventures Fund, and Shakil Khan

YPlan, founded in 2012 and led by CEO Rytis Vitkauskas, launched its app in London in November 2012 and plans to expand its reach through the new funding.