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Artemis

February 27, 2024
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Lapse, the app turning your phone into an old-school camera, snaps up $30M

In the realm of photography, the allure of the past has found a new expression in Lapse, a smartphone app that transports users back to the days of analogue cameras. This innovative platform offers a unique blend of nostalgia and modern technology, allowing users to capture and share photos with a distinctive old-school charm.

Lapse has gained significant traction, boasting millions of users and capturing over 100 million photos each month. Its popularity has earned it a coveted spot among the top 10 photographic apps in the U.S. app store. Recognizing its potential, Greylock and DST Global Partners, renowned investors in the consumer app sector, have joined forces to lead a new round of funding worth $30 million. This investment will fuel Lapse’s ambitious plans to elevate the photo experience and venture into the realm of video.

The app’s ethos is rooted in the belief that the unedited, spontaneous moments hold a special charm. Lapse embraces this philosophy by eliminating the ability to edit photos or retake shots, encouraging users to embrace the imperfections and authenticity of the moment.

Behind the scenes, Lapse employs a sophisticated processing pipeline that enhances the captured photos. This process involves a series of steps, including computer vision algorithms and proprietary technology, to optimize the composition and enhance the overall aesthetics of the images.

However, Lapse’s growth strategy has faced some scrutiny, with concerns raised about its use of growth-hacking techniques and forced invites to expand its user base. While these tactics may have contributed to the app’s initial surge in popularity, the company acknowledges the need for a more sustainable approach that focuses on delivering genuine value to users.

Lapse is at a crossroads in the ever-evolving landscape of consumer apps. While dominant platforms like Instagram and Facebook have shifted their focus beyond sharing with small groups of friends, Lapse sees an opportunity to fill this void by providing a space where users can reconnect with their close circles and share authentic moments without the pressure of social validation.

Investors share Lapse’s vision, recognizing the potential for a platform that fosters genuine connections and celebrates the beauty of unedited moments. Jacob Andreou, a general partner at Greylock, believes that Lapse can capture the essence of early social media platforms, where users could simply keep up with their friends’ lives without the distractions of news, entertainment, or influencer culture.

As Lapse continues its journey, it aims to strike a balance between preserving the charm of analogue photography and embracing technological advancements to enhance the user experience. With a dedicated team and a supportive investor group, Lapse is poised to make a lasting impact on the way we capture and share our memories.

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