PicsArt was founded by Hovhannes Avoyan, Mikayel Vardanyan in 2011.

Who are PicsArt's investors?

PicsArt's investors include 3VC, Coreline Ventures, DCM Ventures, EBRD Venture Capital Investment Programme, Formula VC, G Squared, Graph Ventures, RTP Global and 5 more.

How much funding has PicsArt raised?

PicsArt has disclosed $9.2M raised across 1 round.

Where is PicsArt headquartered?

PicsArt is headquartered in Miami Beach, US.

PicsArt

Miami Beach, US · Founded 2011 · Delaware corporation · 1,398 employees on LinkedIn · 13 known investors

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Picsart offers a command-line tool that generates images, video, and audio from the terminal, providing access to 130+ AI models across the three media types. The CLI can be integrated into shells, CI pipelines, or Dockerfiles for developers and creators.

AI & Machine Learning Creator Economy Developer Tools

Founders & leadership

PicsArt was founded in 2011 by Hovhannes Avoyan and Mikayel Vardanyan.

Hovhannes Avoyan CEO and FounderHe has founded multiple startups and has experience building enterprise software, SaaS, and consumer mobile products, with four prior exits.

Mikayel Vardanyan Chief Operating Officer & Co-founder | Growth & MonetizationHe previously founded or led companies that exited to GFI/TeamViewer and HelpSystems.

Tammy Nam Advisor2022–2023Tammy Nam is an Executive Officer at PicsArt, which offers a command-line tool providing access to 130+ AI models for generating images, video, and audio that integrates into developer shells and CI pipelines.

Kevin BoonGeneral Counsel and Corporate Secretary2020–2022

Artavazd Mehrabyan Co-Founder & CTOHe has an engineering background and experience in the startup ecosystem.

Craig Foster Board AdvisorCraig Foster is an Executive Officer at PicsArt, which provides a command-line tool for generating images, video, and audio from the terminal with access to 130+ AI models.

Board

Michael VernalBoard director

Serena DayalBoard director

Magdalena YesilBoard director

Investors · 13

3VClisted by 3VCVienna · $1.1M – $10M

How we know: 3VC's portfolio page · a partner's Signal profile · the VCSheet dataset · Not right? Tell us

Coreline Ventureslisted by Coreline VenturesTokyo

DCM Ventureslisted by DCM VenturesMenlo Park · $250K – $15M

How we know: DCM Ventures's portfolio page · a partner's Signal profile · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us

EBRD Venture Capital Investment Programmelisted by EBRD Venture Capital Investment ProgrammeLondon · $2.2M – $27M

Formula VClisted by Formula VCYerevan · $100K – $1M

G Squaredlisted by G SquaredChicago

How we know: G Squared's portfolio page · funding news · Not right? Tell us

Graph Ventureslisted by Graph VenturesNew York · $50K – $300K

How we know: a partner's Signal profile · the VCSheet dataset · Not right? Tell us

RTP Globallisted by RTP GlobalNew York · $1M – $15M

How we know: RTP Global's portfolio page · the VCSheet dataset · Not right? Tell us

Sequoia Capitallisted by Sequoia CapitalMenlo Park · $100K – $50M

How we know: Sequoia Capital's portfolio page · board seat on SEC Form D · open dataset · 5k.vc investor directory · Not right? Tell us

SoftBank Vision Fundlisted by SoftBank Vision FundLondon

DCMreportedNew York

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Insight PartnersreportedNew York · $120M – $350M

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Tribe CapitalreportedSan Francisco · $25K – $40M

How we know: funding news · Not right? Tell us

Reported raises · per SEC filings

Form D private placements

$9.2M disclosed across 1 round · 2021

▶$9.2MraisedApr 2022 · 28 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Michael VernalDirector
Hovhannes AvoyanExecutive Officer, Director
Tammy NamExecutive Officer
Mikayel VardanyanExecutive Officer
Kevin BoonExecutive Officer
Serena DayalDirector
Artavazd MehrabyanExecutive Officer
Craig FosterExecutive Officer
Magdalena YesilDirector

Offering amount: $9.2M
Amount sold: $9.2M
First sale: Feb 2021
Incorporated: Corporation, Delaware
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

The PicsArt mafia →

9 people who came through PicsArt went on to found or lead other companies.

Arto YeritsyanAdvisorFounded Podcastle +1 Javier VillamizarBoard MemberFounded Open English Hovhannes AvoyanFounderFounded TeamViewer Suren MarashlyanSenior Software Engineer ||Founded Cloudchipr Jeffrey PanResearcherFounded Bronco AI Alex OotesAdvisor to the CEOFounded Partao Tammy NamExecutive OfficerFounded The Brief Mikayel VardanyanFounderFounded TeamViewer Raffi OhanianProduct ManagerFounded Prodmap

Related companies · 7

Canva, Inc.Design platform; Blackbird invested when it was just an idea and in every round since.

KapwingKapwing is a web-based video creation and editing platform designed for marketing teams to produce, repurpose, and scale video content across multiple channels. It provides AI-powered tools for automating tasks like subtitle generation, video repurposing, and content creation, along with collaboration features for team-based workflows.

Creative FabricaAmsterdam-based marketplace and subscription platform for digital craft and design assets with generative AI creation tools.

PixelcutPixelcut is an AI-powered creative platform for generating and editing product images and videos, offering tools like background removal, upscaling, image expansion, retouching, and consistent AI personas. It serves online sellers, creators, brands, and businesses looking to produce studio-quality visuals from prompts.

PhotoroomPhotoroom provides visual creation tools for e-commerce businesses to generate product images and marketing content. The platform serves over 1 million brands globally and processes billions of images annually.

ImagineImagineArt provides AI-powered creative tools designed to help professional and beginner creators produce high-quality results easily. The platform was built to address the specific challenges that creative professionals face in their workflows.

FigmaFigma is a collaborative design platform that enables teams to create apps, websites, and products through shared design tools integrated with development workflows and AI-powered design assistance.

Companies working in the same space as PicsArt.

In the news

Investing in Creativity: Picsart Raises Series C Funding - Picsart Blogpicsart.com · Aug 2021

Picsart raises $130M from SoftBank, becomes unicorn on the back of its visual creator tools | TechCrunchtechcrunch.com · Aug 2021

Frequently asked questions

What does PicsArt do?: Picsart offers a command-line tool that generates images, video, and audio from the terminal, providing access to 130+ AI models across the three media types. The CLI can be integrated into shells, CI pipelines, or Dockerfiles for developers and creators.
Who founded PicsArt?: PicsArt was founded by Hovhannes Avoyan, Mikayel Vardanyan in 2011.
Who are PicsArt's investors?: PicsArt's investors include 3VC, Coreline Ventures, DCM Ventures, EBRD Venture Capital Investment Programme, Formula VC, G Squared, Graph Ventures, RTP Global and 5 more.
How much funding has PicsArt raised?: PicsArt has disclosed $9.2M raised across 1 round.
Where is PicsArt headquartered?: PicsArt is headquartered in Miami Beach, US.