Dispo, a Los Agneles, CA-based social network, raised $4m in seed funding.
The round was led by Alexis Ohanian’s Seven Seven Six with participation from Unshackled Ventures, Shrug Capital, Weekend Fund, members of the Vlog Squad, Latin World Entertainment’s Sofia Vergara and Luis Balaguer, The Chainsmokers, Roivant CEO Vivek Ramaswamy, Lime CEO Wayne Ting, Knowable CEO Warren Shaeffer, Brud CEO Trevor McFedries, Pizzaslime co-founders Matt Hwang and Stove, and Ian “from Seatgeek” Borthwick.
The company intends to use the funds to enable the app, previously known as David’s Disposable, to expand its scope and pursue its mission to restore joy and authenticity to social media. The rebrand will include a new look and feel, along with a number of new features that will enhance the experience for the community.
Co-founded by digital star and TV personality David Dobrik and his longtime confidante Natalie Mariduena, alongside digital power manager Jack Reed and entrepreneur Daniel Liss, Dispo is an app that compels its fans to wait until the next morning for their photos to develop, digitally re-creating the delightful nostalgia and delayed gratification of waiting for film’s development. This feature creates unique, raw, and authentic photos, preserving community and connection.