About Picsmart
Picsmart is a company based in Stockholm (Sweden) founded in 2019 by Johanna Petersson and Christopher Heybroek.. Picsmart has raised $5.4 million across 3 funding rounds from investors including Aggregate. Picsmart operates in a competitive market with competitors including MatHem, Kavall, Vembla, Mat.se and Ding Dong, among others.
- Headquarter Stockholm, Sweden
- Founders Johanna Petersson, Christopher Heybroek
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Sectors
Retail
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Email
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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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Total Equity Funding
$5.4 M (USD)
in 3 rounds
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Latest Funding Round
$2.45 M (USD), Seed
Aug 09, 2022
- Investors
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Employee Count
Employee Count
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Funding Insights of Picsmart
Picsmart has successfully raised a total of $5.4M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.45 million completed in August 2022. 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 3
- Last Round Seed — $2.5M
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First Round
First Round
(01 Sep 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Seed - Picsmart | Valuation |
investors |
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| Jul, 2021 | Amount | Seed - Picsmart | Valuation |
investors |
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| Sep, 2020 | Amount | Seed - Picsmart | Valuation | Aggregate Media |
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| 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 Picsmart
Picsmart has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Aggregate. 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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Expansion-stage tech investments are targeted in Sweden and Norway.
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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 Picsmart
| 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 - Picsmart
| 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 |
Picsmart Comparisons
Competitors of Picsmart
Picsmart 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 MatHem, Kavall, Vembla, Mat.se and Ding Dong, 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 |
Grocery products are retailed and delivered online across Sweden.
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| domain | founded_year | HQ Location |
Ultra-fast multi-category grocery delivery is offered through an online platform.
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| domain | founded_year | HQ Location |
Groceries are sold via an online marketplace from local stores.
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| domain | founded_year | HQ Location |
Online grocery retailer based in Sweden
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| domain | founded_year | HQ Location |
Multi-category grocery supplies are delivered rapidly via mobile platform.
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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 Picsmart
Frequently Asked Questions about Picsmart
When was Picsmart founded?
Picsmart was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Picsmart located?
Picsmart is headquartered in Stockholm, Sweden.
Who is the current CEO of Picsmart?
Christopher Heybroek is the current CEO of Picsmart. They have also founded this company.
Is Picsmart a funded company?
Picsmart is a funded company, having raised a total of $5.4M across 3 funding rounds to date. The company's 1st funding round was a Seed of $868.34K, raised on Sep 01, 2020.
What does Picsmart do?
Picsmart was founded in 2019 in Stockholm, Sweden, as an online retailer in the grocery sector. Users are connected with local producers and stores to purchase various groceries. On-demand meals and breakfast options are also provided through the platform. Operations focus on facilitating direct access to multi-category supplies in the Swedish market.
Who are the top competitors of Picsmart?
Who are Picsmart's investors?
Picsmart has 1 investor. Key investors include Aggregate.