Enlight and Facetune creator Lightricks raises $60 million

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According to (This article and its images were originally posted on Entrepreneur – VentureBeat November 19, 2018 at 09:54AM.)

The mobile app market is on the upswing, according to research firms like App Annie. Global downloads grew an estimated 15 percent and consumer spend 20 percent year-over-year in Q2 2018, and smartphone users spent more money on apps — $18.5 billion — than in any quarter in history. One of the most popular categories were video players and editors, which helped to drive installs on Android to 20 billion in Q2. And five-year-old Jerusalem startup Lightricks —  the folks behind Facetune and Enlight — benefited firsthand.

Lightricks today announced that it has secured $60 million in a funding round led by Insight Venture Partners with participation from Claltech, bringing its total raise to date to $70 million. It said that its apps have racked up more than 100 million downloads globally, and that the most recent addition to its lineup — Enlight Pixaloop, which launched in September — attracted 6 million users and 200,000 subscribers in just two months.

 

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This article and images were originally posted on [Entrepreneur – VentureBeat] November 19, 2018 at 09:54AM. Credit to the original author and Entrepreneur – VentureBeat | ESIST.T>G>S Recommended Articles Of The Day.

 

 

 

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