LottieFiles, a Kuala Lumbur, Malaysia-based provider of a community platform for designers and developers who create motion graphics using the new Lottie file format, raised $9M in a Series A funding of $9m.
The round was led by M12, Microsoft’s Venture Fund, with participation from existing investor 500 Startups. Other investors in the company include Adobe.
The new capital will be used to further the product roadmap, expand infrastructure to support its growth, and increase its global user base.
Led by Co-founder & CEO Kshitij Minglani, LottieFiles provides a cross-platform for designers and developers to save time by freeing them from having to code motion graphics for every different platform individually. Lottie animations can even be edited after shipping, further contributing to the file format’s popularity.
LottieFiles.com has surpassed one million users from over 65,000+ companies globally, including Google, TikTok, Disney, Uber, Airbnb, and Netflix.
FinSMEs
27/01/2020