About Lapse
Lapse is a company based in London (United Kingdom) founded in 2021 by Ben Silvertown and Dan Silvertown.. Lapse has raised $42.4 million across 3 funding rounds from investors including Speedinvest, Greylock Partners and Google Ventures. The company has 17 employees as of October 31, 2024. Lapse offers products and services including Lapse App. Lapse operates in a competitive market with competitors including Carat, TeliportMe, Retrica, Filmic Pro and Appy Couple, among others.
- Headquarter London, United Kingdom
- Employees 17 as on 31 Oct, 2024
- Founders Ben Silvertown, Dan Silvertown
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Sectors
Media & EntertainmentTechnology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Lapse Ltd
- Date of Incorporation 11 Oct, 2019
- Jurisdiction MILTON KEYNES, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$42.4 M (USD)
in 3 rounds
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Latest Funding Round
$30 M (USD), Unspecified
Dec 01, 2023
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Investors
Speedinvest
& 6 more
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Employee Count
17
as on Oct 31, 2024
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Products & Services of Lapse
Lapse offers a comprehensive portfolio of products and services, including Lapse App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Turns iPhone into disposable camera for private photo sharing with friends.
Funding Insights of Lapse
Lapse has successfully raised a total of $42.4M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $30 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Unspecified — $30.0M
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First Round
First Round
(01 Jun 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Unspecified - Lapse | Valuation | Greylock , DST Global | |
| Jun, 2022 | Amount | Unspecified - Lapse | Valuation | Octopus Ventures , Google Ventures |
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| Jun, 2021 | Amount | Unspecified - Lapse | Valuation | Speedinvest |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lapse
Lapse has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Speedinvest, Greylock Partners and Google Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm specializing in early-stage tech investments and founder support.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lapse
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lapse
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lapse Comparisons
Competitors of Lapse
Lapse operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Carat, TeliportMe, Retrica, Filmic Pro and Appy Couple, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Carat is recognized as a creative AI agent provider.
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| domain | founded_year | HQ Location |
Panoramas are captured and shared through a smartphone community app.
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| domain | founded_year | HQ Location |
Camera App with live filters and layouts
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| domain | founded_year | HQ Location |
Video camera app
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| domain | founded_year | HQ Location |
Digital wedding planning tools and apps are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Lapse
When was Lapse founded?
Lapse was founded in 2021.
Where is Lapse located?
Lapse is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Lapse a funded company?
Lapse is a funded company, having raised a total of $42.4M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $1.4M, raised on Jun 01, 2021.
How many employees does Lapse have?
As of Oct 31, 2024, the latest employee count at Lapse is 17.
What does Lapse do?
Lapse was founded in 2021 in London, United Kingdom, and operates in the photography technology sector. An iOS app is offered that transforms iPhones into disposable cameras, enabling a nostalgic film aesthetic. Users can create private photo journals shared exclusively with friends. The service focuses on casual, social sharing without advanced editing features.
Who are the top competitors of Lapse?
Lapse's top competitors include Carat, TeliportMe and Ufoto.
What products or services does Lapse offer?
Lapse offers Lapse App.
Who are Lapse's investors?
Lapse has 7 investors. Key investors include Speedinvest, Greylock Partners, Google Ventures, Octopus Ventures, and DST Global Partners.
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