Lone Palm Labs, maker of friend-focused photo app Retro, raised more than $21M in Series A on Aug 28, 2026, led by Field Ventures (Dylan Field) and Thrive Capital. Built by ex-Instagram engineers, Retro has 7.8M downloads, 1.7M users, runs ad-free, and is valued at over $100M by PitchBook.
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Photo-sharing app Retro raises over $21M Series A led by Field Ventures and Thrive
Why this matters for founders
Consumer-app founders get a fresh datapoint that ad-free, friends-first social can still attract top-tier VCs; the raise shows engagement and retention, not ad revenue, carrying the pitch.
Source: TechCrunch
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