LottieFiles raised $9 mn in Series A round led by Microsoft's M12 Venture Fund
LottieFiles, a community platform for designers and developers who create motion graphics using the new Lottie file format, raised Series A funding of $9 mn led by M12, Microsoft's Venture Fund, with participation from existing investor 500 Startups. Will use the funds to further the product roadmap, expand infrastructure to support its 300 percent YoY growth, and increase its global user base.
"We help designers and developers create interactive motion graphics that make their products stand out, without the traditional steep learning curve. Using motion graphic helps increase engagement by grabbing and holding user attention, which is now more important than ever with unprecedented demand for new engaging online experiences," said LottieFiles Co-founder and CEO Kshitij Minglani.
The company proudly states that on an average a new Lottie file is uploaded to the platform every 15 seconds. These assets range from simple animated icons to animated product onboarding and walkthroughs, system animations on smartwatches, interactive infographics for online publications, and countless other use cases across devices.