Picsart Overview

  • Year Founded
  • 2011

Year Founded

  • Status
  • Private

  • Employees
  • 1,182

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $9.2M

  • Investors
  • 12

Picsart General Information

Description

Developer of a mobile photo-editing application designed to facilitate the process of photo and video editing. The company's application offers a platform that includes tools for photo manipulation, freehand drawing, text, and layout templates, enabling users to step up their photo editing game, create customized images or videos, and share them with their friends.

Contact Information

Website
www.picsart.com
Formerly Known As
Socialin
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Multimedia and Design Software
Corporate Office
  • Optima Onyx Tower, 1010 South Federal Highway
  • Suite 1103
  • Hallandale Beach, FL 33009
  • United States
+1 (415) 000-0000

Picsart Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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Picsart Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Later Stage VC 27-Apr-2022 $9.2M 00000 Completed Generating Revenue
5. Later Stage VC (Series C) 26-Aug-2021 00000 00000 00.000 Completed Generating Revenue
4. Later Stage VC (Series B) 01-Jul-2019 000.00 000.00 00000 Completed Generating Revenue
3. Later Stage VC (Series B1) 20-Apr-2016 0000 0000 00000 Completed Generating Revenue
2. Early Stage VC 04-Jun-2015 $15M $25M 00000 Completed Generating Revenue
1. Early Stage VC (Series A) 05-Feb-2015 $10M $10M 0000 Completed Generating Revenue
To view Picsart’s complete valuation and funding history, request access »

Picsart Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Series C 0,000,000 00.000000 00 000.00 000.00 00 000.00 00.000
Series B1 000,000 00.000000 00 000.00 000.00 00 000.00 0.000
Series B 000,000 00.000000 00 000.00 000.00 00 000.00 0.000
Series A1 611,648 $0.001000 6% $6.21 $6.21 1x $6.21 2.72%
Series A 3,131,200 $0.001000 6% $3.29 $3.29 1x $3.29 13.94%
To view Picsart’s complete cap table history, request access »

Picsart Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a mobile photo-editing application designed to facilitate the process of photo and video editing. The compa
Multimedia and Design Software
Hallandale Beach, FL
1,182 As of 2023
00000
0000000000 0 00000

000000

eprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Exc
0000000000 000 00000
Beijing, China
00 As of 0000
000.00
000.00 0000-00-00
00000000000 000.00

00000

e velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cup
0000000000 000 00000
Stockholm, Sweden
000000&0
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Picsart Competitors (17)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Polarr Venture Capital-Backed Beijing, China 00 000.00 00000000000 000.00
Pixlr Corporate Backed or Acquired Stockholm, Sweden 000000&0
Canva Venture Capital-Backed Surry Hills, Australia 0000 00000 00000000000
Piktochart Venture Capital-Backed Bayan Lepas, Malaysia 00 00000 000000000000 00000
Fotor Venture Capital-Backed Chengdu, China 00 000.00 00000000000 000.00
You’re viewing 5 of 17 competitors. Get the full list »

Picsart Patents

Picsart Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20230368341-A1 Spectral hint-based inpainting of images Active 13-May-2022 000000000 00
US-11880961-B2 Spectral hint-based inpainting of images Active 13-May-2022 000000000 00
US-11882169-B1 Adaptive media streaming Active 04-Jun-2021 000000000 00
US-20230103929-A1 Onion convolution-based inpainting of images Pending 18-May-2021 000000000 0
US-11521304-B1 Onion convolution-based inpainting of images Active 18-May-2021 G06T5/005 0
To view Picsart’s complete patent history, request access »

Picsart Executive Team (16)

Name Title Board Seat Contact Info
Hovhannes Avoyan Co-Founder, Chief Executive Officer & Board Member
Craig Foster Chief Financial Officer
Artavazd Mehrabyan Co-Founder & Chief Technology Officer
Connor Murphy Global Head of Business Development
Mikayel Vardanyan Ph.D Co-Founder & Chief Product Officer
You’re viewing 5 of 16 executive team members. Get the full list »

Picsart Board Members (5)

Name Representing Role Since
Hovhannes Avoyan Picsart Co-Founder, Chief Executive Officer & Board Member 000 0000
Magdalena Yesil Self Board Member 000 0000
Michael Vernal Sequoia Capital Board Member 000 0000
Omar Hamoui Sequoia Capital Board Member 000 0000
Serena Dayal SoftBank Investment Advisers Board Member 000 0000
To view Picsart’s complete board members history, request access »

Picsart Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Picsart Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Agnostic Ventures Venture Capital Minority 000 0000 000000 0
G Squared Venture Capital Minority 000 0000 000000 0
SoftBank Investment Advisers Growth/Expansion Minority 000 0000 000000 0
Tribe Capital Venture Capital Minority 000 0000 000000 0
3VC Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 12 investors. Get the full list »

Picsart Investments & Acquisitions (4)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Code Republic (Armenia) 02-Feb-2022 0000000000 Educational and Training Services (B2C) 00000000
DeepCraft 02-Dec-2021 0000000000 IT Consulting and Outsourcing 00000000
EasyDMARC 12-Jan-2021 00000 (000 Network Management Software
D'efekt 22-Jul-2020 Merger/Acquisition Multimedia and Design Software 000000000
To view Picsart’s complete investments and acquisitions history, request access »

Picsart Subsidiaries (1)

Company Name Industry Location Founded
DeepCraft IT Consulting and Outsourcing Yerevan, Armenia 0000
To view Picsart’s complete subsidiaries history, request access »

Picsart FAQs

  • When was Picsart founded?

    Picsart was founded in 2011.

  • Who is the founder of Picsart?

    Hovhannes Avoyan, Artavazd Mehrabyan, and Mikayel Vardanyan Ph.D are the founders of Picsart.

  • Who is the CEO of Picsart?

    Hovhannes Avoyan is the CEO of Picsart.

  • Where is Picsart headquartered?

    Picsart is headquartered in Hallandale Beach, FL.

  • What is the size of Picsart?

    Picsart has 1,182 total employees.

  • What industry is Picsart in?

    Picsart’s primary industry is Multimedia and Design Software.

  • Is Picsart a private or public company?

    Picsart is a Private company.

  • What is Picsart’s current revenue?

    The current revenue for Picsart is 00000.

  • How much funding has Picsart raised over time?

    Picsart has raised $197M.

  • Who are Picsart’s investors?

    Agnostic Ventures, G Squared, SoftBank Investment Advisers, Tribe Capital, and 3VC are 5 of 12 investors who have invested in Picsart.

  • Who are Picsart’s competitors?

    Polarr, Pixlr, Canva, Piktochart, and Fotor are some of the 17 competitors of Picsart.

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