Friend-focused photo sharing app Retro snags $21M
Retro, the friend-focused photo-sharing app built by former Instagram product engineers Nathan Sharp and Ryan Olson, has raised north of $21 million in Series A funding, according to an SEC filing.
The fundraise is a testament to the enduring need for social apps that connect people with one another more directly, instead of through personalized algorithms filled with creator content, and now, often, AI slop.
“Something that has to be true and will be true is that people will still want to see more of their friends,” Sharp told TechCrunch in December, referring to how For You-style feeds have taken over today’s social media. “The photos and videos you take will need to find a place where they can reach the intended audience,” he said.
Business Insiderfirst spotted the SEC filing, which is under the startup’s name, Lone Palm Labs. The filing, dated August 19, indicates the...
Copyright of this story solely belongs to techcrunch.com. To see the full text click HERE
