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

• 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.

Dispo, the photo-sharing app co-created by YouTuber David Dobrik, is in trouble after venture capital company Spark Capital announced it would 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. We have stepped down from our position on the board and we are in the process of making arrangements to ensure we do not profit from our recent investment in Dispo."

Dispo had recently raised around $20 million at a $200 million valuation 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.

Last week, Insider's Kat Tenbarge released an explosive investigation into allegations from a woman who said Dominykas Zeglaitis, a member of Dobrik's "Vlog Squad," sexually assaulted her while filming a video about group sex. Zeglaitis has not responded to the allegations.

Read more: A woman featured on YouTube star David Dobrik's channel says she was raped by a Vlog Squad member in 2018 the night they filmed a video about group sex

Since then, several key sponsors of Dobrik's YouTube channel, which currently has 18.7 million subscribers, have cut ties with him, including DoorDash, EA Sports, and Dollar Shave Club. Dobrik has also lost approximately 200,000 subscribers since the allegations were reported, according to data accessed by Social Blade.

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.