Lightricks, a New York and Jerusalem-based creator of the world's leading photo and video editing apps, announced $130 million 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 $335 million 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: Lightricks LTD
Round: Series D
Funding Month: September 2021
Lead Investors: Insight Partners and Hanaco Venture Capital
Additional Investors: Goldman Sachs Asset Management, Clal Tech, Harel Insurance and Finance, Greycroft, Migdal Insurance, Altshuler Shaham, and Shavit Capital
Company Website: http://www.lightricks.com/
Software Category: Creativity tools
About the Company: Lightricks was founded in 2013 by Zeev Farbman, Nir Pochter, Yaron Inger, Amit Goldstein, and Itai Tsiddon. The company is headquartered in Jerusalem, Jerusalem, Israel, with offices in London and Germany. 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. Lightricks continues to empower creators from the moment inspiration strikes. Lightricks’ apps have seen tremendous growth during the past year, with millions of people turning to creativity tools to express themselves and earn income during the pandemic. During the peak of the pandemic lockdown, Lightricks saw a 90 percent increase in app usage across its creativity tools in the U.S.