# PicsArt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/picsart

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.picsart.com
- Total disclosed funding: $164M
- Latest round: Series C (Aug 26, 2021)
- Investors on record: 9

## About

Based in California, US, and founded in 2012, PicsArt, Inc. operates as a provider of all-in-one photo and video editing application that enable users to create images and videos to share with their friends. The company was co-founded by Artavazd Mehrabyan and Hovhannes Avoyan (CEO). It is backed by investors, including SoftBank Vision Fund 2 which led a USD 130 million series C funding round in August 2021. Picsart has more than 800 employees around the world, including San Francisco, Bangalore, Beijing, Berlin, Los Angeles, Moscow, New York, Tokyo, and Yerevan as of August 2021.
 
The company offers a mobile application that helps users edit photos using filters, animators, and color paint, create collages, create and edit videos, and share them through various platforms. Picsart also provides open-source content collections, with free-to-edit photographs, stickers, backgrounds, templates, and more. The Picsart application is available in 30 languages for free and as a subscription on iOS, Android, and Windows devices.
 
The company generates revenue by providing subscription plans: Free trial for 7 days, Gold Plan at USD 4.66 per month, and Team Package at USD 6.24 per month. It was reported that the company has an annual revenue run rate of USD 100 million.
 
Picsart plans to expand its AI-driven technology, prosumer tools, explore acquisitions, and continue building its world-class team.

## Funding rounds

- Series C, Aug 26, 2021, $130M — Hong Shan, Siguler Guff, DCM, G Squared, Graph Ventures, SB Investment Advisers, Tribe Capital
- Series B, May 7, 2019, $20M — Hong Shan, Siguler Guff, DCM, Insight Partners, 3VC
- Series A, Apr 14, 2015, $3.8M — Hong Shan, Insight Partners
- Series A, Feb 5, 2015, $10M — Hong Shan

## Investors

- Hong Shan — Series A, Series B, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A, Series B
- Siguler Guff (https://capitalatlas.ai/funds/siguler-guff) — Series B, Series C
- DCM (https://capitalatlas.ai/funds/dcm) — Series B, Series C
- 3VC (https://capitalatlas.ai/funds/3vc) — Series B
- G Squared (https://capitalatlas.ai/funds/g-squared) — Series C
- Graph Ventures (https://capitalatlas.ai/funds/graph-ventures) — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Series C