Youbetme raises $2.7 million to expand its social betting platform

Youbetme, the startup behind the social betting app of the same name, announced today that it has raised $2.7 million in Series A funding. Youbetme says it launched the app in January. The company bills itself as a way to “bet on anything, at any time,” either through its iOS app or it’s website. To be clear, it doesn’t support real-money betting, but rather tracking friendly bets with friends. There’s also an Android app in beta testing.

Youbetme is betting it can make your casual bets with friends more fun — even when it comes to a high stakes game of beer pong. And today the social betting startup announced it has secured a fresh $2.7 million round of funding. Youbetme is a service that helps you keep up with the various bets you make with friends, find new bets, and otherwise add a gaming element to casual betting on sporting events, personal challenges, and anything else you can think of. It lets you set the stakes, participants, and other stipulations of every bet, and can be very useful for keeping track of who owes you. But more than that, Youbetme extends the experience of betting with friends beyond just shaking hands. We heard first heard about Youbetme when the company presented at the VentureBeat-hosted DEMO conference back in 2012.