Last updated November 25th 2018
Israeli startup Lightricks, which helps amateur photographers and videographers master professional-style photo editing via its apps on Apple and Android, announced that it secured a $60 million funding round led by Insight Venture Partners, a New York-based venture capital and private equity firm, with participation from Israeli VC company Claltech.
The company said in a statement that it will use the funds to develop new products and grow its team of 300 employees.
The company’s Facetune, a portrait retouching application, reached Apple’s best-selling paid app in 2017. Lightricks is also behind the popular Enlight photo editing app, which was Apple’s App of the Year in 2015, the No.11 bestselling paid iOS app in 2016, and winner of Apple’s prestigious Apple Design Awards of 2017. Both apps also reached a No.1 rank on iOS charts in over 120 countries.
“Our goal at Lightricks is to give aspiring artists unprecedented fun and powerful creative tools that look and feel magical,” the company has said.
Lightricks has built a number of additional creativity apps, including video editor Videoleap and Quickshot.
It was founded in 2013 by Zeev Farbman, Amit Goldstein, Nir Pochter, Yaron Inger, and Itai Tsiddon.