About PicMonkey
PicMonkey is a company based in Seattle (United States) founded in 2012 was acquired by Shutterstock in September 2021.. PicMonkey offers products and services including Photo Editor, Design Tools, and Templates. PicMonkey operates in a competitive market with competitors including Canva, Adobe, Readymag, Design Pickle and PixCap, among others.
- Headquarter Seattle, United States
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Shutterstock
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of PicMonkey
PicMonkey offers a comprehensive portfolio of products and services, including Photo Editor, Design Tools, and Templates. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for editing and enhancing photos with effects and adjustments.
Features for creating graphics, banners, and templates for social media.
Pre-built designs for logos, flyers, and presentations to speed up creation.
Funding Insights of PicMonkey
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PicMonkey
PicMonkey has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Shutterstock and Spectrum Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth equity investments and partnerships in finance and related sectors.
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Royalty-free images, vectors, video clips, and music are supplied.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by PicMonkey
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PicMonkey
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Picmonkey Comparisons
Competitors of PicMonkey
PicMonkey operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Canva, Adobe, Readymag, Design Pickle and PixCap, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for creating graphic images
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AI-powered platform manages marketing creatives and customer journeys.
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| domain | founded_year | HQ Location |
Websites are created via a cloud-based drag-and-drop builder without coding.
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| domain | founded_year | HQ Location |
Graphic design service in USA
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| domain | founded_year | HQ Location |
Web-based 3D animation engine provided for rigging and collaboration.
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| domain | founded_year | HQ Location |
Provides a SaaS-based platform for creating business banners and posts.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Picmonkey
Frequently Asked Questions about PicMonkey
When was PicMonkey founded?
PicMonkey was founded in 2012.
Where is PicMonkey located?
PicMonkey is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
What does PicMonkey do?
PicMonkey was founded in 2012 and is headquartered in Seattle, Washington, United States. An online application for photo editing is maintained, with free tools provided for image manipulation, graphic design, and collage creation. Operations focus on web-based services in the digital media sector, supporting over 25 million monthly active users across various platforms.
Who are the top competitors of PicMonkey?
PicMonkey's top competitors include Canva, Adobe and Design Pickle.
What products or services does PicMonkey offer?
PicMonkey offers Photo Editor, Design Tools, and Templates.
Who are PicMonkey's investors?
PicMonkey has 2 investors. Key investors include Shutterstock, and Spectrum Equity.
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