The LottieFiles platform
LottieFiles, the corporate behind the movement graphics platform for designers and builders, as we speak introduced a US$37 million Sequence B funding spherical led by Sq. Peg Capital, with participation from XYZ Enterprise Capital, GreatPoint Ventures, and current traders 500 Startups and Microsoft’s enterprise fund M12.
In a press assertion, LottieFiles stated that it plans to make use of the funding to additional its product roadmap and increase its operations to cater to the increasing consumer base. The corporate desires to launch a brand new design workflow and collaboration resolution to its world consumer base in the summertime of 2022, which is able to allow designers to avoid wasting much more time per asset shipped and much more time to concentrate on creativity.
“The LottieFiles group spent the final three years finding out and perfecting a blueprint that now works for design and developer groups from greater than 135,000 firms. We’re excited to convey LottieFiles into providing this yr and develop our consumer base much more,” says LottieFiles CEO and co-founder Kshitij Minglani.
Lottie is a JSON animation file format that allows designers to ship animations on any platform as simply as transport static belongings. Launched in 2018, LottieFiles builds Lottie to assist movement designers and builders save weeks of effort by not having to code movement graphics individually for every platform.
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With its key benefits being its capability for cross-platform software and performance, its light-weight and interactive nature, and its capability to play at 120 frames a second, Lottie animations are touted because the “excellent” alternative for standard codecs corresponding to GIF or PNG sequences.
The corporate stated that it at the moment depend 135,000 firms globally as Lottie customers together with animation designers and movement designers from Google, TikTok, Disney, Uber, Airbnb and Netflix. LottieFiles additionally has integrations with the likes of Adobe XD, Adobe After Results, Figma, Webflow, and WordPress.
LottieFiles beforehand raised US$9 million in Sequence A funding in January 2021, led by Microsoft Enterprise Fund M12. The corporate stated that it has skilled 160 per cent development in web new registered customers since that point.
In February final yr, LottieFiles introduced the acquisition of India-based design asset market Iconscout.
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Picture Credit score: LottieFiles
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