04.05.2022, 09:00

LottieFiles Raises $37 Million Series B Funding Led by Square Peg Capital

LottieFiles Raises $37 Million Series B Funding Led by Square Peg Capital

World's most visited destination for Lottie motion will use funding to expand its user base and design new products to make motion design accessible to anyone

SAN FRANCISCO, May 4, 2022 /PRNewswire/ -- LottieFiles, the leading motion graphics platform for designers and developers, today announced a $37 million Series B funding round, led by Square Peg Capital, with additional participation from XYZ Venture Capital, GreatPoint Ventures, and  existing investors, 500 Startups and M12, Microsoft's Venture Fund. LottieFiles will use the funding to further its product roadmap, expand its operations to cater to the expanding user base. The company plans to launch a new design workflow and collaboration solution to its global user base in summer 2022, which will enable designers to save more than 15 hours per asset shipped and give users 80% more time to focus on creativity. Using Lottie, motion designers and developers can save weeks of effort by not having to code motion graphics individually for each platform. View a short video about LottieFiles here.