Picsart announced this morning that it raised a $130 million round led by SoftBank’s Vision Fund 2. The new capital infusion pushes the company’s valuation north of the $1 billion mark, though it declined to get more specific.
Per PitchBook data, the company’s preceding round of capital, in 2019, valued the company at around $600 million. We can infer from the two figures that Picsart’s valuation went up materially in its latest round.
