The Co-founders of LottieFiles

LottieFiles, an open-source animation file format that is tiny, interactive and can be manipulated at runtime, announced today it has acquired India-based design asset marketplace, Iconscout, for an undisclosed amount.

As per a press note, Iconscout will continue operating as an independent platform.

LottieFiles had recently announced its US$9 million Series A funding round led by Microsoft’s Venture Fund, M12, with participation from existing investor 500 Startups.

Also Read: Microsoft’s VC arm leads US$9M Series A in LottieFiles, a platform for the ‘smallest animation format’ for designers

Launched in 2018, LottieFiles is a community platform for designers and developers, who create motion graphics using the Lottie file format. A JSON-based animation file format, Lottie enables designers to ship animations on any platform as easily as shipping static assets. They are small files that work on any device and can scale up or down without pixelation.

The company claims it has over a million designers and developers from over 65,000 companies using its platform to ship motion graphics across the web, apps, and platforms. 

Launched in 2016, Iconscout offers ready-to-use assets for designers, developers and marketers to use. The startup noted it has over 2.2 million assets, ranging from SVGs and vector icons to illustrations and 3D graphics.

“Our goal is to empower designers and developers and save them weeks of work by freeing them from creating, collaborating, testing, and editing design assets. We are grateful to the Iconscout team for coming along on this journey with us,” said Kshitij Minglani, Co-founder and CEO LottieFiles.

“We are thrilled that Iconscout will now have a global audience to cater to and a much bigger playfield,” closed Dalpat Prajapati, Co-founder Iconscout.

Image Credit: LottieFiles

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