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Lightricks

Video pictures processing applications

Founders:

Dr. Zeev Farbman (CEO), Nir Pochter, Amit Goldstein, Yaron Inger, and Itai Tsiddon

Investors:

Insight Ventures Partners, ClalTech, Viola Ventures

Founded 2013
Employees 150
Funding $70 M
"Adobe dozed off with mobile; now that's our big opportunity"
Shiri Dover and Yasmin Yablonko

Last month, Lightricks announced the completion of a $60 million financing round, led by Insight Venture Partners with participation from ClalTech, the investment arm of Access Industries in Israel.

The round was another vote of confidence in the Jerusalem-based company, which has increased its staff from 30 to 150 since 2015. The company says that its revenue has grown 270% in the past two years, and is projected to reach $55 million in 2018.

Lightricks develops mobile video processing apps for amateurs, artists, and professionals. "We're democratizing creativity," says Lightricks founding partner and CEO Dr. Zeev Farbman. "This is a big story, because many companies will say that they're doing this, but we were able to find the people interested in creativity on the most popular platform of our time - mobile".

Farbman says that Lightricks has three main target markets. The first is people who care about their personal branding on social networks, from selfie addicts to people who obsessively photograph their children. The product aimed at them is called Facetune, a portrait pictures editing app that is simpler and easier than Photoshop, but has more sophisticated capabilities than Instagram. "It has passed 60 million downloads," boasts Farbman.

וות Lightricks / צילום: איל יצהר"

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