Social Media Archiver Timehop Gets $1.1M In Funding

Timehop, a service that archives your past, present and future activity on Facebook, Foursquare, Twitter and Instagram, just landed $1.1 million in funding, thanks to O’Reilly AlphaTech Ventures, Spark Capital and Techstars. If the premise sounds familiar, that’s because the site was born out of a Foursquare hackathon last year at General Assembly as 4 Square & 7 Years Ago.

Other participants in the round include Foursquare founders Dennis Crowley and Naveen Selvadurai, and GroupMe founders Jared Hecht and Steve Martocci.

Jonathan Wegener and Benny Wong previously worked on a couple of other startups before focusing on Timehop. Wong was previously part of Gilt Groupe and Wegener did time as product manager for a host of NYC startups. They plan to use their influx of cash to add more engineers to their team.

Wegener recalls that, “it was only months later that we started to realized we had accidentally solved a really important thing that hadn’t been done before: we had made a compelling product that lets people reconnect and re-experience with their digital pasts. And there’s a big opportunity in that.”

Via Betabeat

 

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