LottieFiles scores $37m in Square Peg-led Series B round

LottieFiles, a motion graphics platform for designers and developers, announced raising $37 million in a Series B funding round led by Australian venture capital investor Square Peg Capital.

The funding round was also backed by XYZ Venture Capital, GreatPoint Ventures, and existing investors 500 Startups and M12, the venture fund of Microsoft Corp.

LottieFiles said it will use the funding to further its product roadmap and 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 even more time per asset shipped and even 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.

“Our mission is to democratize motion design and graphics animation and make it accessible to all,” said LottieFiles’ CEO and co-founder, Kshitij Minglani.

“LottieFiles completely transforms the creation and design workflow process, which empowers every designer and their teams to leverage the power of motion to create delightful user experiences. The LottieFiles team spent the last three years studying and perfecting a blueprint that now works for design and developer teams from more than 135,000 companies. We are excited to bring LottieFiles into offering this year and grow our user base even more.”

The LottieFiles.com website currently counts users from more than 135,000 companies globally, including animation designers and motion designers from Google, TikTok, Disney, Uber, Airbnb and Netflix.

Every nine seconds a new animation goes through the LottieFiles workflow and tooling, making it the most-visited destination for Lottie motion worldwide. LottieFiles also has integrations with the most popular design tools, such as Adobe XD, Adobe After Effects, Figma, Webflow, WordPress, and more.

ottieFiles previously raised $9 million in Series A funding in January 2021, led by Microsoft Venture Fund M12, and has experienced 160% growth in net new registered users since that time.