![]() The Techcrunch article added: “Currently, Lightricks has 460 employees and plans to add 60 more by the end of 2021. In 2021, Lightricks is on track for more than $200 million in revenue and plans to grow that figure by 40% in the year ahead. Its users average around 78 million monthly exports, indicating Lightricks’ sizable impact on the creator economy. The company’s last funding round was $135 million, which earned the company “unicorn” status.Īccording to Techcrunch, the company now has 29 million monthly active users across its suite of apps, where more than 5 million are paid subscribers. Since its founding eight years ago, the company has launched numerous popular apps, including Facetune2, Facetune Video, and Videoleap. 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. The round was co-led by New York-based global private equity and venture capital firm I nsight 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. Photo and video app maker Lightricks, announced $130 million in Series D funding, comprised of $100 million in primary and $30 million in secondary funding which brings Lightricks’ total funding to-date to $335 million and the company’s latest valuation to $1.8 billion, the company said.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |