LottieFiles, a San Francisco, CA-based provider of a motion graphics platform for designers and developers, raised $37M in Series B funding.
The round was led by Square Peg Capital, with participation from XYZ Venture Capital, GreatPoint Ventures, 500 Startups and M12.
The company intends to use the funds to launch a new design workflow and collaboration solution to its global user base in summer 2022.
Led by CEO Kshitij Minglani, LottieFiles provides a motion graphics platform that allows a large community from everyday storytellers to motion and graphic designers, animators and developers to streamline the animation workflow and create new possibilities with animations across media, marketing, platforms and gaming for its users worldwide.
The majority of today’s most-downloaded apps, websites and platforms now use the open-source vector-based file format, Lottie. Lottie is a JSON animation file format that enables designers to ship animations on any platform as easily as shipping static assets. Lotties are also small files that work on any device and can scale up or down without pixelation — allowing designers to create app onboarding and in-app animations, reactions, infographics, social media assets, animated icons, stickers, gaming assets and more. Key features including cross platform application and functionality, being lightweight and interactive, and the ability to play at 120 frames a second, make Lottie animations a perfect replacement for any conventional format, i.e., GIF or PNG sequences.
The LottieFiles.com website currently counts users from more than 135,000 companies globally, including animation designers and motion designers from Google, TikTok, Disney, Uber, Airbnb and Netflix.LottieFiles also has integrations with the most popular design tools, such as Adobe XD, Adobe After Effects, Figma, Webflow, WordPress, and more.
The company is based in San Francisco with additional offices in Seoul and Kuala Lumpur.
FinSMEs
03/05/2022