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Lapse, a photo-sharing app that turns smartphones into old-school cameras, has successfully raised $30 million in a Series A funding round. The app, which is particularly popular with GenZ, aims to refresh social media by making users wait for their pictures to 'develop' similar to traditional film. This unique approach has garnered attention, leading to a valuation of $150 million. Greylock Partners and DST Global Partners led the investment, with Greylock's Jacob Andreou (@jacobandreou) joining the Lapse board. The app's nostalgic appeal has captured over 100 million memories monthly, positioning it as a strong contender against platforms like Instagram.
Lapse, a photo-sharing app that’s emerged as an alternative to Instagram, raised $30 million from investors led by Greylock Partners and DST Global Partners. https://t.co/MHQLdEvnop
Beloved by GenZ, @lapse_app lets users install a disposable camera shutter onto their phone lockscreen, take photos that develop later, and share with friends. We - @GreylockVC - are thrilled to lead the Series A & have @jacobandreou join the board. https://t.co/mdoqv7RFmD
Beloved by GenZ, @lapse_app lets users install a disposable camera shutter onto their phone lockscreen, take photos that develop later, and share with friends. We - @GreylockVC are thrilled to lead the Series A & have @jacobandreou join the board. https://t.co/mdoqv7Sdcb
