SOURCE: Youbetme

January 30, 2014 12:15 ET

Youbetme Launches to Enable and Enhance Friendly Wagers From Your Smartphone

Company Raises $1.2M Seed Round

SAN FRANCISCO, CA--(Marketwired - Jan 30, 2014) -  Youbetme launches today to enable social betting among friends. Using the Youbetme platform anyone can wager on anything, at any time, from any iOS device, or via the web. Founded by Jason Neubauer and Justin Jarman, Youbetme fills a hole in a market for a platform that creates new social experiences that otherwise would never occur. It's the fastest and easiest way to place a quick bet, name the stakes, and then collect.

Youbetme has raised $1.2M in seed funding from private angels. Early investors are excited about the opportunity and traction, as most potential competitors are focused on sports and virtual currency rather than identifying a behavior and then building an experience around it.

Youbetme launches with partnerships in place with brands including NakedWines, Sports One Marketing, Tonic Nightlife Group, and others.

"We believe in the storytelling of the bet, and not focusing on the monetary transaction," said Jason Neubauer, founder and CEO, Youbetme. "More than 85% of bets made among friends are around a non-monetary social outcome, like taking out the trash for a week, or dinner. Smartphones are now a ubiquitous part of most people's lives, so now we're able to combine elements of the digital world, and then bring these bets, and the outcomes, to life in the analog world, thus creating new social experiences."

CTO Nils Lahr previously founded Synergy Sports Technologies, a company that owns and operates the world's first high-volume, real-time, video-indexing statistical engine and online retrieval platform, and provides services that are used by professional sports teams, broadcasters, and fortune 500 businesses around the world. Synergy is used by 86% of all professional basketball leagues worldwide.

"Nobody else enables this kind of untethered and unrestricted personal wagering system," said Neubauer. "Our proprietary SMS betting system makes this experience seamless. We make it super easy to get in, socialize, and have fun."

To learn more about Youbetme, visit

About Youbetme
Founders Jason Neubauer and Justin Jarman have been betting with friends since they can remember. They wanted to create something that was fun, easy, and kept their friends accountable for their wagers. Jason and Justin translated their vision into "Youbetme" with the technical expertise of Nils Lahr, a recognized technology leader and Co-founder of 8 high-tech startups. Youbetme is a one-of-a-kind experience that allows you to place a friendly wager with anyone, about anything, at any time. Youbetme tracks your opponents, the bet terms, and the outcome of the bet in a few easy steps.

Youbetme is based in San Francisco, CA.

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