Business & Finance
Photo sharing app Retro raises over $21 million in Series A funding
The startup, founded by former Instagram engineers, focuses on private photo sharing and subscription-based monetization.
The short version
- Retro, a private photo-sharing app created by former Instagram engineers, raised more than $21 million in Series A funding.
- The startup operates without advertising, relying instead on in-app subscriptions for premium features.
- Data indicates the app has reached approximately 7 million downloads since its 2023 release.
Key facts
- An SEC filing under startup name Lone Palm Labs shows Retro raised over $21 million in Series A funding, with the transaction closing in December.[TechCrunch]
- Pitchbook estimates Retro's valuation at over $100 million.[TechCrunch]
- Retro was launched in 2023 by former Instagram product engineers Nathan Sharp and Ryan Olson.[TechCrunch]
- Appfigures estimates that the app has accumulated around 7 million downloads since launch.[TechCrunch]
- Investors in the company include Thrive Capital, Figma CEO Dylan Field, Scribble Ventures, Box Group, and Imaginary Ventures.[TechCrunch]
What remains uncertain
- Retro did not immediately respond to requests for comment regarding the funding filing.[TechCrunch]