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…
Summary
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.
Positives
- 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.
- The filing, dated August 19, indicates the funding itself was closed in December.
Risks & concerns
- The article may not provide enough evidence to validate every implication.
- Execution, cost, adoption, regulation, or security could change the outcome.