Lightricks raises $130 million

Lightricks, the maker of photo and video editing apps, has raised $130 million in Series D financing. The round, which gives the Israeli company a $1.8 billion valuation, was led by Insight Partners and Hanaco Venture Capital with participation from Goldman Sachs Asset Management, Clal Tech, Harel Insurance, Greycroft, Migdal Insurance, Altshuler Shaham and Shavit Capital.

Founded in 2013, Lightricks has developed several creativity apps for beginners and professionals to edit photos and videos. The company aims to become a one-stop shop for resources including creative tools, services and monetization opportunities.

“Our mission has always been to continuously strive to bring creators the most advanced technology and help them find new ways to express themselves. The rise of the creator economy has only exacerbated the need of mobile users to streamline the content creation and monetization processes. With this latest funding, we’re able to help elevate our users’ creativity and capabilities with continued advancements to our technology and offering.” – Lightricks co-founder and CEO Zeev Farbman.

“The creator economy has changed the way we, as a society, experience social networks. Audiences constantly consume information through the different content channels daily. Lightricks’ platform enables creators to have a broader, more professional, and higher-quality set of tools to optimize content. At a time when we are seeing content creators monetize content on social media at new levels, it is clear that Lightricks’ platform has the ability to create a one-stop shop that will be meaningful to its users.” – Pasha Romanovski, co-founding partner of Hanaco Ventures.