Venture capital firm Spark Capital says it's severing ties with David Dobrik's new photo app Dispo

Julie Gerstein,Kelsey Vlamis | Publié le 22/03/2021 à 6h13 | Mis à jour le 22/03/2021 à 7h06

• David Dobrik

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The move comes following an Insider investigation into allegations that a member of Dobrik's "vlog squad" sexually assaulted a woman during the filming of a video.

• Venture capital firm Spark Capital said it was severing ties with Dispo, a photo-sharing app co-created by YouTuber David Dobrik.
• Last week Insider released an investigation into Dobrik's "Vlog Squad."
• One of its members has been accused of rape by a woman who appeared in a video about group sex.
• See more stories on Insider's business page .

Dispo , the photo-sharing app co-created by YouTuber David Dobrik , is in trouble after venture capital company Spark Capital decided to sever ties with the company.

On Sunday evening, the company tweeted : "In light of recent news about the Vlog Squad and David Dobrik, the cofounder of Dispo, we have made the decision to sever all ties with the company.

Dispo had recently raised around $20 million during a Series A funding round led by Spark Capital. That followed a seed funding round in October that raised $4 million, led by Reddit cofounder Alexis Ohanian's firm Seven Seven Six . Dispo had a valuation of around $200 million.

Last week, Insider's Kat Tenbarge released an explosive investigation into allegations from a woman who said Dom Duerte, a member of Dobrik's "Vlog Squad," sexually assaulted her while filming a video about group sex.

Since then, several key sponsors of Dobrik's YouTube channel, which has more than 18 million subscribers, have cut ties with him , including DoorDash, EA Sports, and Dollar Shave Club.

Dobrik, along with Daniel Liss, and Natalie Mariduena, created the photo-sharing app in a bid to mimic the experience of non-digital photos. Users must wait several hours until their digital images "develop" and can be shared.

In February, a New York Times profile of the app referred to it as "the next Instagram."

Insider has reached out to Spark Capital and Dispo for comment.

Read the original article on Business Insider

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