# Lapse

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lapse

- Industry: Internet
- Headquarters: London, UK
- Website: www.lapse.com
- Total disclosed funding: $43M
- Latest round: Series A (Dec 5, 2023)
- Investors on record: 6

## About

Based in the UK, Lapse Ltd. is a platform that transforms iPhones into disposable cameras, fostering genuine connections through a nostalgic film aesthetic, allowing users to capture and share intimate memories with friends.Founded in 2019 in London, UK, Lapse Ltd. is a platform enabling users to create a photo journal that promotes privacy and personal connections. The company has successfully completed four funding deals, with the latest being a Series A round, raising GBP 24.485 mn from notable investors including DST Global, GV, Greylock Partners, Octopus Investments, and Speedinvest, totaling GBP 24.485 mn raised and valuating the company at GBP 145.261 mn. The founders, Achuth Hadnoor, Ben Silvertown, and Dan Silvertown, aim to provide a unique social media experience.Lapse offers a unique mobile application that transforms iPhones into disposable cameras, emphasizing a nostalgic film aesthetic for users to capture and share memories. The app fosters genuine connections by enabling users to maintain a photo journal accessible only to friends, alleviating the pressure of public social media. Key features include one-tap camera access via a dedicated Lock Screen shutter, friend management, privacy security, and encrypted contact storage. The app is primarily targeted at individuals seeking a more intimate social media experience and is currently available in English-speaking markets, focusing on the United States and Canada.Lapse operates as a free platform, generating revenue without traditional advertising or data sales. The app uses a friends-only early access model, allowing users to join only if they have existing connections on the platform. While specific pricing for premium features is not disclosed, the company's business model promotes user engagement and retention, with potential revenue generation strategies including partnerships that align with its target demographic, while maintaining a commitment to user privacy and community safety.Lapse Ltd. is focusing on expanding its product offerings and entering new markets. The company plans to launch additional features designed to enhance user experience, although specific release dates have not been announced. Geographic expansion will target additional English-speaking markets beyond the United States and Canada. The recent funding from Kinled Holding will support these initiatives, facilitating the development of new products and the expansion into new regions.

## Funding rounds

- Series A, Dec 5, 2023, $31M — Greylock Partners, GV, DST Global, Speedinvest, Octopus Investments
- Seed, Dec 10, 2021, $11M — GV, Speedinvest, Octopus Investments
- Seed, Jun 3, 2021, $1.4M — Atomico, Speedinvest

## Investors

- Atomico (https://capitalatlas.ai/funds/atomico) — Seed
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Seed, Series A
- GV (https://capitalatlas.ai/funds/gv) — Seed, Series A
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Seed, Series A
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A
- DST Global (https://capitalatlas.ai/funds/dst-global) — Series A