What is Timehop?
Timehop offers a free service on iOS and Android platforms that allows users to celebrate past moments with friends, functioning as a daily digital equivalent of a Throwback Thursday (#tbt). The application is designed for individuals seeking a convenient way to relive and share their memorable experiences, thereby fostering connections through shared nostalgia. The company's focus on user engagement through personal history positions it within the social media and personal archiving sectors.
How much funding has Timehop raised?
Timehop has raised a total of $14.5M across 5 funding rounds:
Other Financing Round
$18K
Angel/Seed
$1.1M
Series A
$3M
Series B
$10M
Debt
$350K
Other Financing Round (2011): $18K with participation from Techstars
Angel/Seed (2012): $1.1M led by Kevin Slavin, Jared Hecht, Steve Martocci, Alex Rainert, Rick Webb, Dennis Crowley, Spark Capital, and Naveen Selvadurai
Series A (2013): $3M supported by Ou2019Reilly Alphatech Ventures and Spark Capital
Series B (2014): $10M featuring Ou2019Reilly Alphatech Ventures, Shasta Ventures, and Spark Capital
Debt (2020): $350K backed by PPP
Key Investors in Timehop
Shasta Ventures
Shasta Ventures is a leading early-stage venture capital firm that partners with entrepreneurs building great products. Founded in 2004, Shasta Ventures has more than $1B under management and specializes in enterprise software startups.
Spark Capital
Spark Capital, founded in 2001 and headquartered in Chennai, India, is a full-service investment banking company.
Ou2019 Reilly Alphatech Ventures
Ou2019 Reilly Alphatech Ventures is an investment firm that has backed Timehop in its Series B and Series A funding rounds.
What's next for Timehop?
The recent major strategic investment in Timehop suggests a phase of scaling and potential expansion of its core reminiscence features. This capital infusion is likely to be directed towards enhancing user experience, developing new functionalities for memory curation and sharing, and potentially exploring new avenues for content partnerships. The company's trajectory indicates a continued focus on leveraging personal memories as a platform for social interaction and engagement.
See full Timehop company page
