LottieFiles is now used by animation and motion designers at 150,000 companies, including Google, TikTok, Disney, Uber, Airbnb and Netflix. The startup announced today that it has raised $37 million in Series B funding led by Square Peg Capital, with participation from XYZ Venture Capital, GreatPoint Ventures and returning investors 500 Startups and Microsoft Venture Fund, M12.
LottieFiles plans to use the funding to expand it product roadmap, hire for its engineering and R&D teams and develop a new workflow that will make shipping Lottie animations easier so designers can focus more on animations. LottieFiles also has the world’s largest repository of free-to-use Lottie animations.
LottieFiles simplifies the workflow between creating an animation in software like Adobe After Effects, then shipping it to its final destination in an app. The startup currently has a plug-in for Adobe After Effects and other design software. Otherwise, Minglani told TechCrunch, the process is very complicated. LottieFiles allows designers to preview how their animation will look in the app and then ship it without hours of coding.
“We are democratizing motion design the way Canva democratized design,” said Minglani. “Before Canva, it was Photoshop, which needed hundreds of hours. We are doing the same thing to motion design industry.”