MergerLinks Header Logo

Announced

Completed

SoftBank Vision Fund 2 led a $130m Series C round in Picsart.

Synopsis

SoftBank Vision Fund 2 led a $130m Series C round in Picsart, a San Francisco, California and Yerevan-based technology company that develops the Picsart suite of online photo and video editing applications, with participation from G Squared, Tribe Capital, Sequoia, DCM, Graph Ventures and Siguler Guf & Company. "We believe content will continue to be central to the digital economy. We expect growth in this space will continue as Millennials and Gen Z create e-commerce shops, market businesses, and build followings across platforms. As a leading visual content creation and editing platform serving the most engaged global creative community, we believe Picsart is well positioned to lead this growth," Serena Dayal, SoftBank Investment Director.

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Market Context

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US