Photo-sharing platform Lapse closed a $30 million Series A round, whose investors included Yuri Milner’s DST Global, Greylock, Google Ventures, Octopus Ventures and several business angels. This follows from Crunchbase data, to which RB.RU drew attention.
Lapse was founded in 2021 in London by brothers Dan and Ben Silvertown. In three years, the company raised $42.3 million.
Users of the app can take photos with a smartphone and wait several hours for them to be “developed” without being able to edit or retake them, similar to how a film camera works. The images can then be posted to a social network or saved to a personal archive.
The company aims to become an alternative to Instagram* and Snapchat for users who value authenticity, the founders said in a conversation with Sifted.
The investments raised will be used to improve the product and the company also wants to hire more employees in the areas of product development, engineering and design.
*belong to Meta, recognized as an extremist in the Russian Federation and included on the terrorist list.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
