Monday, May 20

Tag: PicsArt

Picsart Raises $130 Million at More Than $1 Billion Valuation
FUNDING

Picsart Raises $130 Million at More Than $1 Billion Valuation

SAN FRANCISCO, 1st Oct 2021-- Picsart, the world’s largest creative platform has raised $130 million in Series C funding. The round was led by SoftBank Vision Fund 2 with participation from new investors G Squared and Tribe Capital, as well as existing investors Sequoia, DCM, Graph Ventures, and Siguler Guf & Company. With over $100 million in annual revenue run rate, Picsart is now valued at over $1 billion. The company has raised a total of $195 million in capital since its founding. “Picsart is powering visual culture and breaking barriers between inspiration and creativity,” said Hovhannes Avoyan, Picsart’s founder and CEO. “We want to make the world more creative and have users in every country of the world designing, remixing, editing, and sharing on Picsart and beyond. This ...
PicsArt Acquires Motion-Based Video Effects Company D’efekt
ACQUISITION

PicsArt Acquires Motion-Based Video Effects Company D’efekt

SAN FRANCISCO, 23rd Jul 2020-- PicsArt, the world’s largest visual creative platform has acquired advanced video effects company D'efekt for an undisclosed sum. The female-led startup has been featured as an Apple “App of the Day” various times and offers motion-based video effects including light illusions, music responsiveness, and fractal motion-activation. D’efekt’s three co-founders will continue to build an independent app with further resource investment from PicsArt. The D’efekt app which will be rebranded to include the PicsArt name over the next few weeks adds to PicsArt’s suite of powerful visual editing apps, including the all-in-one PicsArt photo and video-editing app on web and mobile. D’efekt turns users’ videos into works of art through world-class audio rea...