Picsart raises $130 million led by SoftBank

Picsart, the world’s largest creative platform, has raised $130 million in Series C funding.
VC funding investments
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.

The company has raised a total of $195 million in capital since its founding.

Picsart has more than 800 employees in nearly a dozen hubs around the world, including San Francisco, Bangalore, Beijing, Berlin, Los Angeles, Moscow, New York, Tokyo, and Yerevan.

Picsart has more than 150 million monthly active users produce more than 1 billion edits each month, making it the largest community for Gen Z creators.

The company intends to use the funds raised from its Series C to expand its AI-driven technology, prosumer tools and explore acquisitions.