LottieFiles to Make the Animation Format Widely Available; Raises US$37 Million

The funds will be used to expand its product roadmap and R&D team


Teckwai Saw

5 May, 2022

LottieFiles to Make the Animation Format Widely Available; Raises US$37 Million | BEAMSTART News

US-based animation workflow platform, LottieFiles, has raised US$37 million in a Series B round led by Square Peg Capital.

LottieFiles allows animators to streamline their work, offering over 50,000 free and premium animations.

The freshly raised funds will be used to further its product roadmap, expand its R&D team and and develop a new workflow that will make shipping Lottie animations easier.

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History of LottieFiles

  • LottieFiles was founded in 2017 by Kshitij Minglani and Nattu Adnan and the company is based in the US, with operations in South Korea and Malaysia.
  • LottieFiles streamlines the process of turning animations made in software like Adobe After Effects into Lotties so they can be placed in apps.
  • LottieFiles is now used by animation and motion designers globally from over 150,000 companies including Google, TikTok, Disney, Uber, Airbnb and Netflix.
  • In January 2021, LottieFiles raised US$9 million in a Series A round led by M12.
  • Since its Series A, LottieFiles has seen its user base grow from 1 million users to 3.1 million users.

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