PicsArt was founded in 2010 by Artavazd Mehrabyan and Hovhannes Avoyan. PicsArt has not officially endorsed a plan to participate in an IPO.
PicsArt is a mobile-native creative media platform that gives users the tools to edit videos and images. Per Forge data, Picsart has raised a total of $195 million in funding over 5 rounds. Their latest funding was raised on Aug 26, 2021, from a Series C round. Key investors include SoftBank Vision Fund and Insight Partners.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/26/2021 | Series C | $130MM | $xx.xx | $1.22B | SoftBank Vision Fund 2, G Squared, Tribe Capital, Sequoia, DCM, Graph Ventures, Siguler Guf & Company | |
Price per Share
$xx.xx
Shares Outstanding
9,497,212
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
SoftBank Vision Fund 2, G Squared, Tribe Capital, Sequoia, DCM, Graph Ventures, Siguler Guf & Company
|
||||||
07/01/2019 | Series B | $25.53MM | $xx.xx | $438.36MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
2,933,332
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
04/20/2016 | Series B-1 | $15.27MM | $xx.xx | $308.82MM | Sequoia Capital, Insight Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
2,240,324
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital, Insight Venture Partners
|
||||||
06/04/2015 | Series A-1 | $3.8MM | $xx.xx | $66.44MM | Insight Venture Partners, Sequoia Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,446,592
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Insight Venture Partners, Sequoia Capital
|
||||||
02/05/2015 | Series A | $10.3MM | $xx.xx | $34.33MM | Sequoia Capital, Graph Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,524,800
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Sequoia Capital, Graph Ventures
|