Lightricks, a Jerusalem, Israel-based developer of premium image processing software for mobile, closed a $10m financing round.
The round was led by Carmel Ventures, an Israeli venture capital firm.
The company intends to use the funds to expand operations.
Founded in 2013 by Dr. Zeev Farbman, CEO, and other four entrepreneurs, Lightricks develops two image processing apps:
Facetune™, a portrait retouching app, and
Enlight™, a general photo editor.
In less than two and a half years since its founding, The company has reached a $10m+ yearly revenue run rate and scaled to 30 employees.