PicsArt was founded in 2010 by Artavazd Mehrabyan and Hovhannes Avoyan. In 2021, CEO Avoyan told Forbes that while he wants his company to remain private for the time being, he may be eyeing an IPO "in the next 12 to 18 months."
PicsArt is a mobile-native creative media platform that gives users the tools to edit videos and images. While the app is popular among general consumers, businesses use PicsArt's tools to enhance and edit images for e-commerce. The company is based in San Francisco but maintains a presence in Armenia, Avoyan's native country. The company has raised more than $190 million in venture capital funding from investors such as SoftBank Vision Fund, DCM, Graph Ventures, G Squared, Tribe Capital, and Sequoia Capital. A 2021 funding round brought in $130 million in fresh capital, increasing PicsArt valuation to $1.5 billion.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Picsart does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Picsart will be known as it becomes public. Here are similar public companies: Amazon (NAS: AMZN), Walmart (NYS: WMT), Nike (NYS: NKE), Apple (NAS: AAPL), Facebook (NAS: META).
|Date||Funding Round||Funding Raised||Price per Share||IPO Valuation|
|8/26/2021||Series C||$130MM raised||$XXX.XX||$XXX.XX|
|7/1/2019||Series B||$25.53MM raised||$XXX.XX||$XXX.XX|
|4/20/2016||Series B-1||$15.27MM raised||$XXX.XX||$XXX.XX|
|6/4/2015||Series A-1||$3.8MM raised||$XXX.XX||$XXX.XX|
|2/5/2015||Series A||$10.3MM raised||$XXX.XX||$XXX.XX|
Picsart is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
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Picsart is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.