About PicsArt
PicsArt is a company based in Miami (United States) founded in 2011 by Artavazd Mehrabyan, Hovhannes Avoyan, and Mikayel Vardanyan.. PicsArt has raised $175 million across 4 funding rounds from investors including Tribe Capital, SoftBank Vision Fund and Sequoia Capital. The company has 15 employees as of April 01, 2024. PicsArt has completed 3 acquisitions, including Code Republic, DeepCraft and D’efekt. PicsArt operates in a competitive market with competitors including Visual Supply Co, Pixelworks, MAGIX, SenseTime and Fotor, among others.
- Headquarter Miami, United States
- Employees 15 as on 01 Apr, 2024
- Founders Artavazd Mehrabyan, Hovhannes Avoyan, Mikayel Vardanyan
- Stage Unicorn
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Sectors
Media & EntertainmentTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Picsart Technologies India Private Limited
- Date of Incorporation 03 Jun, 2021
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$1.25 M (USD)22.39as on Mar 31, 2023
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Net Profit
$66.36 K (USD)-32.89as on Mar 31, 2023
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EBITDA
$106 K (USD)-29.37as on Mar 31, 2023
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Total Equity Funding
$175 M (USD)
in 4 rounds
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Latest Funding Round
$130 M (USD), Series C
Aug 26, 2021
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Investors
Tribe Capital
& 7 more
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Employee Count
15
as on Apr 01, 2024
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Investments & Acquisitions
Code Republic
& 2 more
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Product Management Team
19 people
Software Development Team
12 people
Leadership Team
11 people
Sales and Marketing
10 people
Creative and Marketing Team
6 people
Finance and Accounting
3 people
Human Resources and Administration
3 people
Communications Team
2 people
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Funding Insights of PicsArt
PicsArt has successfully raised a total of $175M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $130 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $130.0M
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First Round
First Round
(05 Feb 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series C - PicsArt | Valuation | SoftBank Vision Fund | |
| Apr, 2016 | Amount | Series B - PicsArt | Valuation |
investors |
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| Jun, 2015 | Amount | Series A - PicsArt | Valuation | Insight Partners |
| 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 |
Investors in PicsArt
PicsArt has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Tribe Capital, SoftBank Vision Fund and Sequoia Capital. 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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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Growth-stage technology companies are funded via primary and secondary investments.
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PicsArt
PicsArt has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Code Republic, DeepCraft and D’efekt. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Computer science coaching classes are provided to students in Armenia.
|
2019 | ||||
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Management consulting and business management services are provided.
|
2017 | ||||
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Video editing software provider
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - PicsArt
| 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 |
Picsart Comparisons
Competitors of PicsArt
PicsArt 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 Visual Supply Co, Pixelworks, MAGIX, SenseTime and Fotor, 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 |
Community for photographers
|
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| domain | founded_year | HQ Location |
Fabless semiconductor chips for video and pixel processing are developed.
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| domain | founded_year | HQ Location |
Multimedia software
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| domain | founded_year | HQ Location |
AI based platform offering image recognition solutions
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| domain | founded_year | HQ Location |
Online photo editing and social features are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Picsart
Frequently Asked Questions about PicsArt
When was PicsArt founded?
PicsArt was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is PicsArt located?
PicsArt is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of PicsArt?
Hovhannes Avoyan is the current CEO of PicsArt. They have also founded this company.
Is PicsArt a funded company?
PicsArt is a funded company, having raised a total of $175M across 4 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Feb 05, 2015.
How many employees does PicsArt have?
As of Apr 01, 2024, the latest employee count at PicsArt is 15.
What is the annual revenue of PicsArt?
Annual revenue of PicsArt is $1.25M as on Mar 31, 2023.
What does PicsArt do?
PicsArt was founded in 2011 and is headquartered in Miami, United States. Operations focus on a mobile app in the creative software sector, where photos and videos are edited through AI-assisted features. Backgrounds are erased, stickers are applied, and images or drawings are remixed. Additional services include resizing, video cutting, slideshow creation, customizable filters, and collages. Revenue is generated via subscriptions.
Who are the top competitors of PicsArt?
PicsArt's top competitors include MAGIX, Visual Supply Co and SenseTime.
How many acquisitions has PicsArt made?
PicsArt has made 3 acquisitions, including Code Republic, DeepCraft, and D’efekt.
Who are PicsArt's investors?
PicsArt has 8 investors. Key investors include Tribe Capital, SoftBank Vision Fund, Sequoia Capital, G Squared, and Siguler Guff.
What is PicsArt's valuation?
The valuation of PicsArt is $1.5B as of Aug 2021.
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