“And they both were a phenomenon around the world before they got popular in the U.S.”
It’s a global asset and universal platform used by people everywhere,” says Mike Vernal, a partner at Sequoia and former Facebook VP of Product and Engineering. “Picsart has a lot of similarities to WhatsApp. Avoyan won’t reveal his stake, but remains the company’s largest shareholder. Sources close to the deal say the post-money valuation is roughly $1.5 billion. Today, Avoyan announced his 800-person start-up has raised a $130 million Series C led by Softbank with Sequoia, G Squared, Tribe Capital, Graph Ventures, and Siguler Guff & Company joining in.
You can enhance photos, tweak colors, add surreal backgrounds and digital stickers and animations with a few taps and swipes. Wild West: Picsart's mobile app transforms smartphone photos into mixes media art.
