LottieFiles, a mostly Maldivian team, lands USD 9 million in Series A led by Microsoft’s venture fund, M12

Kshitij Minglani, CEO (L) and Nattu Adnan, CTO (R) | Photo: Business Wire

Kuala Lumpur, Malaysia & San Francisco, USA – LottieFiles, a mostly Maldivian team based in Malaysia, announced a Series A investment of USD9 million, with major share from Microsoft’s venture fund M12, and existing 500 Startup investors. Another investor is Adobe.

By listening to the Lottie community, we’ve created a unique set of editing, workflow and collaboration tools that seamlessly integrate with popular design software and developer environments such as Adobe After Effects, Figma, VS Code, and others. To make things easier for non-motion designers, users can take advantage of tons of free content available on our platform to get started.

Nattu Adnan, Co-founder & CTO

The majority of today’s most-downloaded apps now use the Lottie format, which is 600% smaller than traditional GIF files, for their motion graphics.

At present they have over a million users from over 65,000 companies globally, including, TikTok, Disney, Uber, Airbnb, and Netflix.

The President of Maldives Ibrahim Mohamed Solih tweeted his congratulations.

In reply, Karam Ali, a software developer at Lottiefiles, urged the President to empower the next generation of Tech enthusiasts in the Maldives. He hoped that the next generation would not face the same struggles that they did.

LottieFiles is the largest repository of Lottie/Bodymovin files on the Internet and a hub for motion designers and developers working with Lottie format files to create, preview, test and share their animations.