Lapse, a London, UK-based provider of a friends-focused photo-sharing app, raised $30M in Series A funding.
The round was led by Greylock, DST Global Partners, with participation from existing investors GV (Google Ventures), Octopus Ventures and Speedinvest, alongside angel investors Naveen Gavini, Soleio, Nima Khajehnouri, and Praveen Murugesan. In conjunction with the funding, Greylock General Partner Jacob Andreou (Former Snap Inc. Senior Vice President of Product & Growth) joined Lapse Board of Directors.
The company intends to use the funds to implement feedback-driven product updates and expand its engineering and technical team to accommodate growth.
Founded in 2021 by Ben and Dan Silvertown, Lapse is a photo-sharing app created for friends. The disposable-camera-inspired interface allows users to capture and share authentic, unedited photos with friends, keeping people in the moment and providing an alternative to the traditional game of likes and followers that rules social media. This concept found an engaged audience in the last year, leading to a peak of 100 million real moments captured monthly.
FinSMEs
27/02/2024