PicsArt Secures $20,000,000 New Funding

  • Feed Type
  • Date
    4/20/2016
  • Company Name
    PicsArt
  • Mailing Address
    351 California Street Mezzanine San Francisco, CA 94104 USA
  • Company Description
    The PicsArt app includes hundreds of photo editing features, customizable filters, text options, a collage maker, and a camera. The app also doubles as a fully-equipped digital drawing suite, with the option of drawing on a blank canvas, photo, or background using various artistic brushes and layers.
  • Website
    http://www.picsart.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds will be used to expand the company’s efforts in China and Japan.
  • M&A Terms
  • Venture Investor
    DCM Ventures
  • Venture Investor
    Siguler Guff & Company
  • Venture Investor
    Undisclosed