Locket, a Los Angeles, CA-based provider of a photo-sharing widget designed to make users’ favorite people the center of their phone, raised $12.5M in funding.
The round was led by Sam Altman with participation from Sugar Capital and Costanoa Ventures, and additional strategic investment from Instagram co-founder Mike Krieger and Quora CEO Adam D’Angelo and others.
The company intends to use the funds to expand operations and its business reach.
Led by 23-year-old founder Matt Moss, Locket provides a the photo-sharing widget that aims to create a more personalized experience that prioritizes close connections over the ‘friend them all’ model that has been the standard for the last two decades.
Less than a year after launching and hitting #1 in app stores in 30 countries, Locket has surpassed the 1B photos-shared milestone.