LottieFiles

The company was co-founded in 2017 by CEO Kshitij Minglani and CTO Nattu Adnan. Minglani is a serial entrepreneur who previously exited his venture homebuy360 to Housing.com, while Adnan has a background in design and product development. LottieFiles began as a weekend project among friends before evolving into a company with dual headquarters in San Francisco, USA, and Kuala Lumpur, Malaysia.

LottieFiles operates on a freemium business model, providing a wide array of free tools and a vast library of animations to attract a broad user base. Revenue is generated through premium subscriptions that unlock advanced features, increased collaboration capabilities, and access to a premium animation marketplace. The platform serves a diverse clientele, from individual designers and developers to large corporations like Google, Disney, and Uber. The company's tools integrate with popular design software such as Adobe After Effects, Figma, and Canva, streamlining the workflow from creation to implementation across multiple platforms including web, iOS, and Android. The platform also features an AI-powered 'Motion Copilot' to assist in creating animations.

The company has secured significant funding to support its growth and product development. It raised $9 million in a Series A round in January 2021, led by Microsoft's M12 venture fund. This was followed by a $37 million Series B round in May 2022, led by Square Peg Capital. As of May 2024, LottieFiles has raised a total of $47 million over four funding rounds.