Lapse raises £23.6m in a Series A round co-led by Greylock and DST Global Partners to expand its engineering team and product.
The financing round was co-led by Greylock and DST Global Partners with participation from existing backers and angel investors.
Lapse operates a popular photo sharing application that emulates the casual feel of disposable cameras. The platform encourages users to capture unedited moments with friends without the pressure of traditional curation.
Lapse has secured £23.6m in a Series A financing round co-led by Greylock and DST Global Partners. The capital injection follows a period of rapid expansion that propelled the application to the top of major app store charts.
Returning backers GV, Octopus Ventures, and Speedinvest participated in the raise alongside a group of notable angel investors. The company intends to allocate the new funds towards engineering expansion and ongoing product enhancements driven by community feedback.
From the founder
"Lapse doesn't let you upload or edit in ways that other platforms encourage, Everyone on Lapse plays by the same rules, which creates a space where it's OK to share all moments, not just the glamorous."
Ben Silvertown
Co-Founder at Lapse
Investor perspective
"Lapse has captured the hearts and minds of a generation who isn't sharing their lives with friends on other social platforms"
Jacob Andreou
General Partner, Greylock
Use of funds
- 01Continue product development
- 02Grow the team
Investors
Categories
About the company
Lapse
Lapse provides a friends focused photo sharing application inspired by disposable cameras.