Lightricks, a NYC- and Jerusalem, Israel-based creator of a photo and video editing apps, raised $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.
The company intends to use the funds to initiate strategic mergers and acquisitions and create new platforms and tools specifically geared towards professional creators.
Led by Zeev Farbman, co-founder and CEO, Lightricks currently provides editing tools for social media such as Facetune2, Facetune Video, and Filtertune, general creativity photo and video editing tools such as Videoleap, Motionleap, Photoleap, Artleap, Lightleap, and Beatleap, and the Boosted app which is its social media toolkit for small businesses.
Its suite of apps has over 500 million downloads worldwide.
FinSMEs
22/09/2021