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Lightricks, Award-Winning App Developer, Raises $130M Series D To Power Expansion And Champion Creator Economy Users

Sep 22, 2021•almost 4 years ago

Round Type

series d

Description

Lightricks, creator of the world's leading photo and video editing apps including Facetune2, Facetune Video, and Videoleap, today announced $130M in Series D funding. The round is comprised of $100M in primary and $30M in secondary funding which brings Lightricks’ total funding to-date to $335M and the company’s latest valuation to $1.8 billion. The round was co-led by New York-based global private equity and venture capital firm Insight Partners and Hanaco Venture Capital, with participation from existing investors Goldman Sachs Asset Management, Clal Tech, Harel Insurance and Finance and Greycroft, and new investors Migdal Insurance, Altshuler Shaham and Shavit Capital. Lightricks raised this strategic Series D to power the expansion of its suite of tools and offer more features and services for creators, further cementing its position as a leading player in the booming creator economy.

Company Information

Company

Lightricks

About

Lightricks is a pioneer in innovative technology that leads to breakthrough moments throughout the creation process. On a mission to push the limits of technology to reimagine the way creators express themselves, the company brings a unique blend of cutting-edge academic research and design to every user experience. Lightricks’ suite of apps has over 500 million downloads worldwide and has won numerous prestigious awards — including Apple's App of the Year, the Apple Design Award and both Apple and Google Play’s Best of the Year. With five international offices, and backers including Goldman Sachs Asset Management, Insight Partners, Greycroft, ClalTech and Viola Ventures, Lightricks continues to empower creators from the moment inspiration strikes. Download the apps now on iOS and also on Google Play. For more information, visit www.lightricks.com