David Dobrik's Dispo Camera App Reportedly Closes $20M Round
Francesca Billington is a freelance reporter. Prior to that, she was a general assignment reporter for dot.LA and has also reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. She graduated from Princeton in 2019 with a degree in anthropology.
David Dobrik's app Dispo may be on its way to photo-sharing app fame. The company closed a $20 million Series A round led by Boston-based Spark Capital, Axios reported Wednesday. The company's CEO Daniel Liss declined to comment and Spark Capital could not be reached.
Last week, sources close to the startup confirmed Dobrik and his team were in talks with investors at Andreessen Horowitz, Sequoia Capital and Benchmark to raise a chunk of funding expected to value Dispo at $100 million.
The L.A.-based company raised its first $4 million last October. Big names like The Chainsmokers and Lime CEO Wayne Ting pitched into a round led by Reddit co-founder Alex Ohanian's fund Seven Seven Six.
Dispo is currently listed fourth under the iOS app store's photo and video category, trailing behind YouTube, Instagram and Snapchat.
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Francesca Billington is a freelance reporter. Prior to that, she was a general assignment reporter for dot.LA and has also reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. She graduated from Princeton in 2019 with a degree in anthropology.
