Lightricks plans to add to its already expansive offering with the goal to become a one-stop shop for resources including creative tools, services and monetization opportunities. On the heels of this current funding round and explosion of the creator economy, Lightricks will aim to expand the company by initiating strategic mergers and acquisitions and creating new platforms and tools specifically geared towards professional creators. In just over eight years since its founding, Lightricks has grown to develop dozens of creativity apps for users in every country of the world, spanning from beginners to professional artists and creators. Lightricks raised this strategic Series D to power the expansion of its suite of tools and offer more features and services for creators, further cementing its position as a leading player in the booming creator economy. The round was co-led by New York-based global private equity and venture capital firm Insight Partners and Hanaco Venture Capital, with participation from existing investors Goldman Sachs Asset Management, Clal Tech, Harel Insurance and Finance and Greycroft, and new investors Migdal Insurance, Altshuler Shaham and Shavit Capital. The round is comprised of $100M in primary and $30M in secondary funding which brings Lightricks’ total funding to-date to $335M and the company’s latest valuation to $1.8 billion. NEW YORK, NY, and JERUSALEM, ISRAEL (September 29, 2021) - Lightricks, creator of the world's leading photo and video editing apps including Facetune2, Facetune Video, and Videoleap, today announced $130M in Series D funding.
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