New York, NY (PRWEB) January 24, 2012
Timehop today announced that it has closed a seed round $1.1M investment to further build out the ultimate personal digital history experience. Timehop is a simple product that answers the question "what did you do a year ago?"
Timehop grew out of foursquare's first ever hackathon as a product called 4SquareAnd7YearsAgo. The hack immediately struck a chord, attracting thousands of users and dozens of blog posts proclaiming their love for the product. The side project quickly became too popular to ignore.
Users subscribe to Timehop receive a daily e-mail reminder of their past, which is created by retracing digital footsteps on the social media sites Facebook, Twitter, Instagram and Foursquare. "It's something that must truly be experienced to be understood," added Jonathan Wegener, cofounder and CEO, "but our users simply love timehop."
Benny Wong, cofounder and CTO, added, "We've turned what started as a weekend hackathon project into a powerful and inspiring product which changes how we interact with technology. People routinely tell us that with every checkin, tweet, and photo, they're thinking about seeing it later on Timehop. With Timehop, these services become more powerful because they're helping document life."
The investment was led by Bryce Roberts of OATV (O'Reilly AlphaTech Ventures) which focuses on seed and early-stage investments among technology early adopters. OATV's previous investments include Foursquare, Runkeeper, Bitly, and Chartbeat. Also in the round is Spark Capital represented by Andrew Parker. Spark's previous investments include Foursquare, Twitter, Tumblr, and Runkeeper.
Several angel investors also participated in the round including Foursquare founders Dennis Crowley and Naveen Selvadurai. They're joined by Alex Rainert (foursquare's head of product), Rick Webb (founder of The Barbarian Group), Steve Martocci (GroupMe), Jared Hecht (GroupMe), and Kevin Slavin (previously AreaCode / Zynga NY).
The company was part of the startup accelerator TechStars' first NYC class. Techstars continues to be an investor and advisor to Timehop.
Jonathan Wegener, founder of Timehop said, “In a world focused on real time, there's an untapped opportunity in the past. We're building timehop into the best way of recording, remembering, and reconnecting around our digital histories. The content people create tells their life story, but so far it remains disaggregated and siloed across devices and services. Timehop is a powerful product that brings together all your content into a single re-experience moment."
To check out the product, visit http://timehop.com