Lightricks is known for developing popular editing apps like Facetune and Videoleap. The company did not disclose how much the family had invested, however, they did mention that it was separate from the company’s recent $130 million acquisition.
Speaking of the company’s latest collaboration, Zeev Farbman, the CEO of Lightricks, said:
With the company’s collaboration with Charli D’Amelio and her star family, Lightricks has acquired even more brand recognition in the US. Forbes stated that 40% of the brand’s 30 million users are from the US.
Why did Charli D’Amelio’s family decide to invest in the company?
In an interview with Forbes, Dixie D’Amelio stated that she noticed her fans would repost her pictures with several edits which would also include retouches, making the edited posts much better than the original. The 20-year-old added:
This led to Charli, Dixie, Marc, and Heidi D’Amelio taking an equity stake in Lightricks and becoming their strategic advisors as well.
The D’Amelio’s and Lightricks are also launching The247, their own editorial to give back to the creator community as well. The family has decided to write exclusive content regularly to provide inspiration and guidance to those creators online.
Speaking about their latest collaboration, the D’Amelio family put out a statement saying:
Lightricks is also unveiling its new LinkInBio feature, which will allow creators to add links to other social media profiles and other websites. Their new feature will compete with other similar platforms including Linktree, Beacons and Snipfeed.
According to Crunchbase, this is not the first time the family has taken part in a start-up venture with Charli D’Amelio previously investing in teen banking company Step.
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