4 years ago

Lapse Raises €9.7 Million to Build the Next Generation of Private Social Networking

  • Lapse, a London-based photo-sharing app designed to combat social media pressures, has secured €9.7 million in seed funding

  • Led by Octopus Ventures and GV, the round also includes Speedinvest and angel investors

  • Lapse, founded by brothers Ben and Dan Silvertown, allows friends to take photos together in private groups, with all photos remaining hidden until they are 'developed' 24 hours later

  • This approach aims to bring back the nostalgic film camera experience and encourage users to focus on enjoying the moment rather than curating their online presence

  • The app has gained popularity, with over a million snaps taken in less than a month, and has reached the top of the UK and US App Stores.

      • ProblemTechnology

      "Overwhelming pressure of social media platforms to share perfectly curated photos, leading to anxiety and a lack of authentic sharing experiences."

      Solution

      "Lapse, a private social networking app, allows users to take and share photos in a relaxed, intimate, and intentional way, without the pressure of likes and public networks."

      Covered on