Ben and Dan SilvertownLapse, a London, UK-based provider of a friends-focused photo-sharing app, recently announced the successful completion of a $30M Series A funding round. The investment was led by Greylock and DST Global Partners, with participation from existing investors GV (Google Ventures), Octopus Ventures, and Speedinvest, as well as notable angel investors including Naveen Gavini, Soleio, Nima Khajehnouri, and Praveen Murugesan. This funding will be instrumental in supporting the company's growth trajectory, with plans to implement feedback-driven product updates and expand the engineering and technical team to fuel further innovation.
The brainchild of founders Ben and Dan Silvertown, Lapse was established in 2021 as a unique solution for friends to share authentic and unedited photos in real-time.
The app's disposable-camera-inspired interface has resonated strongly with users, offering a refreshing departure from the typical metrics-driven social media landscape. Instead of focusing on likes and followers, Lapse prioritizes capturing genuine moments and fostering meaningful connections among friends. This unique approach has led to a surge in user engagement, with an impressive 100 million real moments captured monthly.
With Greylock General Partner Jacob Andreou, formerly of Snap Inc., now on board as a member of the Lapse Board of Directors, the company is well-positioned to leverage its recent funding to drive continued growth and innovation. By incorporating valuable user feedback, Lapse aims to further enhance the user experience and solidify its position as a leading player in the photo-sharing app market. As the team expands and new features are rolled out, Lapse is poised to offer an even more compelling platform for friends to connect and share genuine moments with one another.
# | Investor | Sector | Stage | Activity | Team | Connect |
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1 | Greylock | 2 investment(s) investment(s) | more info | |||
2 | DST Global Partners | 1 investment(s) investment(s) | 5 contacts contacts | |||
3 | GV (Google Ventures) | 4 investment(s) investment(s) | more info | |||
4 | Octopus Ventures | 32 investment(s) investment(s) | 30 contacts contacts | |||
5 | Speedinvest | 13 investment(s) investment(s) | 20 contacts contacts |
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