{"id":59284,"date":"2021-08-26T08:00:08","date_gmt":"2021-08-26T15:00:08","guid":{"rendered":"https:\/\/picsart.com\/blog\/?p=59284"},"modified":"2021-08-30T18:54:13","modified_gmt":"2021-08-31T01:54:13","slug":"picsart-series-c-funding","status":"publish","type":"post","link":"https:\/\/picsart.com\/blog\/picsart-series-c-funding\/","title":{"rendered":"Investing in Creativity: Picsart Raises Series C Funding"},"content":{"rendered":"<p>To Our Community,<\/p>\n<p>Last month we shared that, along with <a href=\"https:\/\/picsart.com\/blog\/post\/new-chapter-for-picsart\">our new brand<\/a>, Picsart would be <a href=\"https:\/\/picsart.com\/blog\/post\/founder-note\">growing up<\/a> in ways both big and small. Well, today we have even more reason to celebrate.<\/p>\n<p>We have raised our Series C funding round. With this comes an extraordinary partnership with world class investors, and a new board member, <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210826005215\/en\/Picsart-Raises-130-Million-to-Expand-its-Creator-Platform-Valuing-the-Company-at-More-Than-1-Billion\">Serena Dayal<\/a>.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-59763\" src=\"https:\/\/cdnblog.picsart.com\/2021\/08\/picsart-nasdaq-8-26-21-scaled.jpg\" alt=\"picsart series c fundraise announcement on nasdaq\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/cdnblog.picsart.com\/2021\/08\/picsart-nasdaq-8-26-21-scaled.jpg 2560w, https:\/\/cdnblog.picsart.com\/2021\/08\/picsart-nasdaq-8-26-21-780x520.jpg 780w, https:\/\/cdnblog.picsart.com\/2021\/08\/picsart-nasdaq-8-26-21-1024x683.jpg 1024w, https:\/\/cdnblog.picsart.com\/2021\/08\/picsart-nasdaq-8-26-21-1536x1024.jpg 1536w, https:\/\/cdnblog.picsart.com\/2021\/08\/picsart-nasdaq-8-26-21-2048x1365.jpg 2048w, https:\/\/cdnblog.picsart.com\/2021\/08\/picsart-nasdaq-8-26-21-270x180.jpg 270w, https:\/\/cdnblog.picsart.com\/2021\/08\/picsart-nasdaq-8-26-21-370x247.jpg 370w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p>You might be asking what fundraising or a Series C has to do with creativity. This is another landmark moment in <a href=\"https:\/\/www.forbes.com\/sites\/stevenbertoni\/2021\/08\/26\/picsart-is-techs-newest-unicorn---and-adobe-should-be-afraid\/\">the evolution of Picsart<\/a>, as the investment will enable us to build and innovate even faster, breaking down the barriers between imagination and creation. It takes a village to build the best tools and technology to power your creativity, and this investment and the partners it brings ensures we can do just that.<\/p>\n<p>Today\u2019s creators need easy to use, affordable, and accessible tools when inspiration strikes. That\u2019s why we\u2019re investing in our technology, our AI, and in our global team, hiring the best and brightest talent to help support our goals. We\u2019re no longer just an illustration app. As our community\u2019s needs have grown, so too have we, responding and evolving to become an all-in-one creative platform.<\/p>\n<p>We\u2019re beyond excited to be on this journey with you, and we can\u2019t wait to see what you\u2019ll create along the way.<\/p>\n<p>\u2013 Hovhannes and the Picsart Team<\/p>\n<h3><a href=\"https:\/\/picsart.com\/editing-tools\"><b><i>Create at the Speed of Culture<\/i><\/b><\/a><\/h3>\n<p><b><i>Picsart is a full ecosystem of free-to-use content, powerful tools, and creator inspiration. With a billion downloads and more than 150 million monthly active creators, Picsart is the world\u2019s largest creative platform. Picsart has collaborated with major artists and brands like BLACKPINK, the Jonas Brothers, Lizzo, Sanrio: Hello Kitty, I am a Voter, Bebe Rexha, Maroon 5, One Direction, Warner Bros. Entertainment, iHeartMedia, Cond\u00e9 Nast, and more.<\/i><\/b><a href=\"https:\/\/picsart.app.link\/4pv7HdD7S9\"> <b><i>Download the app or start editing on web<\/i><\/b><\/a><b><i> today to enhance your photos and videos with thousands of quick and easy editing tools, trendy filters, fun stickers, and brilliant backgrounds. Unleash your creativity and<\/i><\/b><a href=\"https:\/\/picsart.com\/gold\"> <b><i>upgrade to Gold<\/i><\/b><\/a><b><i> for premium perks!<\/i><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last month we shared that, along with our new brand, Picsart would be growing up in small ways and big. Well, today we have even more reason to celebrate.<\/p>\n<p>We have raised our Series C funding round. With this comes an extraordinary partnership with world class investors, and a new board member, Serena Dayal.<\/p>\n","protected":false},"author":65,"featured_media":59285,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"A statement Picsart team following the announcement of Series C fundraising investment.","faq_show":false,"faq_enable_schema":false,"how_to_show":false,"how_to_show_on_single":false,"how_to_enable_schema":false,"how_to_is_upload":false,"faq_title":"","how_to_title":"","how_to_layout":"","how_to_cta_text":"","how_to_cta_url":"","how_to_image_alt":"","how_to_display_image":0,"faq_items":[],"how_to_steps":[],"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","entry"],"acf":{"faq_show":false,"faq_title":"Frequently asked questions","faq_enable_schema":true,"faq_items":null,"how_to_show":false,"how_to_show_on_single":false,"how_to_title":"","how_to_layout":"default","how_to_steps":null,"how_to_enable_schema":true,"how_to_is_upload":true,"how_to_cta_text":"","how_to_cta_url":"https:\/\/picsart.com\/create\/editor","how_to_display_image":null,"how_to_image_alt":"","footer_banner_name":"Start your design in Picsart","footer_banner_link_":"\/","footer_banner_button_text_":"Get Started"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - 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