LottieFiles Set To Up Their Game With USD 37 Million Funding

Exciting news for graphic designers across the world as LottieFiles is set to bring inciting new changes and developments with an incredible funding by Square Peg Capital – a global investing firm.

The premier motion graphics platform for designers and developers, LottieFiles made the announcement via a press release, informing about the Square Peg Capital led USD $37 Million Series B fundraising round, with participation from XYZ Venture Capital, GreatPoint Ventures, and current investors 500 Startups and M12, Microsoft's Venture Fund.

LottieFiles plans to use the funds to further its product road-map and expand its operations in order to better serve its growing user base of over 135,000 companies world-wide. Expressing his enthusiasm over the new growth, the CEO & Co-founder of LottieFiles, Kshitij Minglani plans to democratize motion design and graphics animation, making it accessible for all.

The company had previously raised USD $9 Million in Series A funding from Microsoft Venture Fund M12 in January 2021, and has seen a 160 percent increase in net new registered users since then. The Series A funding allowed the company to purchase a design asset collection, grow its operations and team to more than 100 people worldwide, and extend Lottie's user base even further.