Lapse Raises $30M in Series A Funding

Lapse Raised $30M Series A

UK-based, Lapse, a photo-sharing platform for friends and family raised $30 million led by DST Global Partners and Greylock in a Series A round.

The round was actively backed by existing investors like Google Venture (GV), Speedinvest, and Octopus Ventures. Also, some angel investors such as Soleio, Naveen Gavini, Praveen Murugesan, and Nima Khajehnouri joined the investment round

After the round there may be some changes in the company, Greylock General Partner Jacob Andreou will be the new member of the Board of Directors.

Lapse Raised $30M Series A

CEO Dan and Ben Silvertown said in a PR meeting that Lapse will use these funds for the improvement of customer feedback, and also to expand the engineering and technical departments so that they accelerate growth.

Moreover, Lapse is more like an online gallery where one can share their unedited and authentic pictures with friends and family. Unlike other social media apps where users are following the trend of likes and followers that sometimes leads to a bad influence on them.

Lapse has more than 10 Million downloaded on PlayStore and last month more than 100 million real captured and shared on Lapse.

Also Read: Raised $15.7M

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