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LottieFiles Receives Strategic Investment From Webflow Ventures & Figma Ventures
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LottieFiles Raises Strategic Investment From Webflow Ventures & Figma Ventures
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LottieFiles raises $9m in Series A round led by Microsoft fund M12
LottieFiles CEO Kshitij Minglani (left) and CTO Nattu Adnan.
January 28, 2021
Malaysia and US-based animation workflow platform LottieFiles on Wednesday announced a $9-million Series A investment led by Microsoft’s venture fund, M12, with participation from existing investor 500 Startups.
Other investors in the company include US software company Adobe, according to a statement.
“We help designers and developers create interactive motion graphics that make their products stand out, without the traditional steep learning curve,” said LottieFiles co-founder and CEO Kshitij Minglani.
The new capital will be used to further the product roadmap, expand infrastructure to support its 300% year-on-year growth, and increase its global user base, the company said.