$130 Million Series D Round Lifts Valuation of Lightricks to $1.8 Billion
Summary
Investors who had participated in earlier rounds showed strong confidence as well, with Goldman Sachs Asset Management, Claltech, Harel Insurance and Finance, and Greycroft all returning to increase their stakes. Lightricks has also seen considerable growth during the pandemic, as more people have begun to take the potential opportunity of being a professional content creator seriously. Pasha Romaovski of Hanaco Venture Capital sums up their ambitions as it relates to wider trends. This will be a mix of smaller purchases and larger ones, according to Farbman, Although the company’s headquarters are located in Jerusalem at the moment, they have global ambitions with employee growth expected in London, Shenzhen and Haifa. If Lightricks continues on this success trajectory, Farbman and his executive team will create a critical mass of jobs in the creative technology sector and solidify its status as an integral part of a booming industry.