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Photo sharing app is raising a $20 million Series A led by , tech journalist and Forbes reported Thursday.

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The reported funding news comes days after the app鈥檚 buzzy public launch, which vaulted it to the top of 鈥檚 App Store. The funding is for , the company that developed Poparazzi.

The raise could value Poparazzi at up to $135 million, , with Benchmark possibly investing $13.5 million for a 10 percent stake in the company.

Poparazzi encourages users to take and share photos of their friends. It doesn鈥檛 allow selfies, and a user鈥檚 profile is made up of photos they鈥檙e tagged in. (You can read more about how Poparazzi works here.)

TTYL, the startup behind the app, is based in Marina Del Rey, California, and raised a $2 million seed round in 2018, per Crunchbase data. The company is led by brothers and , and has developed other apps such as TTYL, an audio-based social network.

Poparazzi follows on the heels of a couple of other much-hyped social media startups that have raised funding in the past year, including photo sharing app and social audio app . Dispo, similar to Poparazzi, encourages in-the-moment, untouched photo sharing, while Clubhouse has become popular for its candid audio conversations online.

Social media startups as a whole have raised so far this year, and raised more than $4 billion last year, per Crunchbase data.聽

Illustration: Dom Guzman