What is Lightricks?
Lightricks LTD, established in 2013 and headquartered in Jerusalem, Israel, is a prominent developer of advanced video and image editing mobile applications. The company is particularly recognized for its highly popular selfie-editing application, Facetune. Lightricks operates within the competitive digital content creation market, providing powerful yet accessible tools for mobile users to enhance their visual media. Its product suite caters to a broad audience, from casual users to professional content creators, enabling sophisticated editing capabilities directly on smartphones and tablets.
How much funding has Lightricks raised?
Lightricks has raised a total of $335M across 4 funding rounds:
Series A
$10M
Series B
$60M
Series C
$135M
Series D
$130M
Series A (2015): $10M with participation from Viola Ventures and Viola Group
Series B (2018): $60M led by Insight Partners
Series C (2019): $135M supported by Goldman Sachs Private Capital
Series D (2021): $130M featuring Greycroft Partners, Insight Partners, Harel Insurance Investments & Financial Services, Claltech, Hanaco, and Goldman Sachs
Key Investors in Lightricks
Harel Insurance Investments & Financial Services
Harel Insurance Investments & Financial Services LTD. is one of Israel's largest insurance and finance groups, providing comprehensive financial and insurance solutions. Their involvement suggests a strategic financial backing for Lightricks' growth trajectory.
Claltech
Claltech, the technology investment arm of Access Industries, focuses on mid and late-stage companies aiming to disrupt their industries. Their investment indicates confidence in Lightricks' market position and future potential.
Hanaco
Hanaco Ventures is a venture capital firm dedicated to supporting founders with ambitious visions, emphasizing decisive action and collaboration. Their participation highlights a strategic partnership aimed at fostering Lightricks' continued expansion.
What's next for Lightricks?
The recent major strategic investment of $130M signals a pivotal moment for Lightricks, likely enabling accelerated product development, expansion into new markets, and potential strategic acquisitions. Given the enterprise-level funding context, the company is poised for significant scaling, focusing on enhancing its existing platforms and potentially exploring new verticals within the digital creative tools space. This capital infusion is expected to solidify its market leadership and drive further innovation in mobile content creation technology.
See full Lightricks company page
