Yatown
closedNeighborhood social network that connects individuals with their neighbors, and allows them to share information.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor | €0.0 | round | |
| N/A | N/A | Seed | |
| Total Funding | 000k | ||
Yatown, founded in 2010 by Christopher Cuong T Nguyen, operated as an online social platform designed to connect people within the same neighborhood. Based in San Francisco, the company positioned itself in the emerging market of hyper-local social networking.
The platform's core function was to facilitate communication and information sharing among neighbors. Users could post about their needs, offer items for sale, or look for local service providers, creating a community-centric online space. The business aimed to build a digital equivalent of a town square, fostering local connections and commerce.
Yatown secured a total of $330,000 in funding over two separate seed rounds. The initial capital injection of $330,000 occurred on August 1, 2010, from the institutional investor Narra Venture Capital. A second seed round for an undisclosed amount followed on May 13, 2011. Despite this early financial backing, the company ceased operations and was officially considered dead-pooled as of May 2013, facing competition from players like Nextdoor.
Keywords: neighborhood social network, local social platform, hyper-local community, Christopher Cuong T Nguyen, Narra Venture Capital, San Francisco startup, online neighborhood platform, community information sharing, local services marketplace, peer-to-peer local, deadpooled startup, social networking 2010, community engagement platform, neighbor connection, local classifieds, residential social network, P2P services, civic tech, community forum, local commerce platform